FREE TIPS AND FINANCIAL
STRATEGIES
CREDIT HISTORY
Your credit history is crucial to financial freedom.
*Protect your personal credit history by making all of your
payments on time. A good credit score can enable you to borrow
monies easily and at cheaper rates when the need arises.
*Close out the credit card(s) you are no longer using, if you
obtain another credit card to lower your interest rate, etc. Your
credit score will be negatively impacted if you have an excessive
amount of credit cards available even if you are not using them.
This will decrease your risk for fraud and improve your credit
score.
Personal credit history is important when applying for credit for a
small business. Often the business is new and does not have an
earnings and repayment history. Your personal credit history scores
indicate to the bank whether or not you take care of your business
in a timely manner.
BANK ACCOUNTS
Check the signature cards for your checking accounts to make sure
that your account is set up properly if something should happen to
you, Your account signature card can over-ride your will if you
have designated a joint account with the rights of survivorship.
Simplay make sure the funds in the account will be paid to whomever
you desire either by will or designation of survivorship.
SMALL BUSINESS OVERSIGHT
If you have a small business, it is important that you over-see the
"books" on a regular basis.
Make your own deposits if possible.
Open your own mail on a regular basis if not always.
There have been many cases whereby a secretary who was "like
family" embezzled funds from small businesses because eveyone was
so comfortable with them and trusted them.
=> For more
information, contact Gae
Callaway!
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