http://www.stepbystepdirections.com/business/financial-advice/how-to-minimize-credit-while-running-a-business/ Step By Step Directions and Tutorials on Everything Tue, 15 Mar 2011 06:50:33 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.stepbystepdirections.com/business/financial-advice/how-to-minimize-credit-while-running-a-business//comment-page-1#comment-927 potrish78 Sun, 11 Apr 2010 08:51:31 +0000 http://www.stepbystepdirections.com/?p=347#comment-927 I once attended a seminar about managing finances back in the year 2005. We were told that we should not use our credit card unless it is an emergency e.g. hospitalization. Other than that, it should not be used to buy things for our daily consumption. Credit card is a temptation to purchase anything we like even if we don’t have the money at hand. Before we purchase anything other than a necessity, we should always take into consideration if we have spare money for that kind of stuff. The key is to discipline ourselves not to use our credit card at all times, especially if you’re running a business. We, people, have a tendency to spend more than we can actually earn. I once attended a seminar about managing finances back in the year 2005. We were told that we should not use our credit card unless it is an emergency e.g. hospitalization. Other than that, it should not be used to buy things for our daily consumption. Credit card is a temptation to purchase anything we like even if we don’t have the money at hand. Before we purchase anything other than a necessity, we should always take into consideration if we have spare money for that kind of stuff. The key is to discipline ourselves not to use our credit card at all times, especially if you’re running a business. We, people, have a tendency to spend more than we can actually earn.

]]> http://www.stepbystepdirections.com/business/financial-advice/how-to-minimize-credit-while-running-a-business//comment-page-1#comment-481 Ray Sun, 14 Mar 2010 05:31:22 +0000 http://www.stepbystepdirections.com/?p=347#comment-481 Credit or Credit Card Debt is so common nowadays, even for people who are working full-time and have good incomes. But for those who are working at home, they might think that they have the luxury of using their credit card in order to purchase items for their planned business and at the same time, use the money for daily needs. This actually is a bad idea, and if you are not educated at the right time (as in now), you'll be seeing yourself a few months from now with credit card debts threatening your properties and endangering your financial flexibility. As always, a plan is a must in order to keep things more organized and well-synchronized like a well-oiled machine. And make sure that you are able to pay what you owe, so that your records aren't affected adversely. Credit or Credit Card Debt is so common nowadays, even for people who are working full-time and have good incomes. But for those who are working at home, they might think that they have the luxury of using their credit card in order to purchase items for their planned business and at the same time, use the money for daily needs. This actually is a bad idea, and if you are not educated at the right time (as in now), you’ll be seeing yourself a few months from now with credit card debts threatening your properties and endangering your financial flexibility. As always, a plan is a must in order to keep things more organized and well-synchronized like a well-oiled machine. And make sure that you are able to pay what you owe, so that your records aren’t affected adversely.

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