MORE than Finances

Get your finances in order, and get on with your life!


Solutions to Paying Off Your Debt

Few people realize just how much of an impedance debt is to moving forward in life. Not only does being in debt create stress and barriers, it sometimes seems like a downward-spiraling tunnel that just keeps getting deeper and deeper. How do you get out it?

If you’ve got several outstanding bills, then debt consolidation just may be the solution that works for you. Having all of your bills in single place, where you can take care of them with just one monthly payment at an agreeable rate of interest, is a confirmed stress-reliever for many people. Online sites such as are comprehensive sources for those looking for debt-resolution options. In the following, you’ll see how many people in your situation are extracting themselves from the debt-spiral.

First and Foremost: Suspend Borrowing

This is the primary reason why debt is so hard to get out of – you have to stop using your credit cards. If you haven’t used the available balance so much so that your minimum payment has risen above the lowest possible amount, then you can keep using the card up until then. But no matter what – remember, you have to pay this back, too.

You need to dial down on the expenses of your lifestyle to only what you can afford to pay directly. This means buying food with your debit card or just cash, and doing the same when you go shopping. There is no game plan for debt-reduction that doesn’t include suspension of debt-utilization.

Start Saving Money for Emergencies

This one takes into account the common use of credit cards for emergencies. Although, of course, you should use your card if you have no other alternatives, this represents a big hit on your reduction plans. By steadily saving actual money from your paycheck and placing it into a separate bank account – many online accounts these days allow you to create sub-accounts – you have something to fall back on for the unavoidable.

Besides, once you do this – you’ll better appreciate the utility of saving cash for general purchases, too. It’s all about having the right mindset to solidifying your financial future.

Budgeting for Everyday Expenses

The beauty of this part, in particular, is the availability of numerous apps that tally and automate this process. You enter the initial details, which consist of all your sources of income and the expenses you manage. It makes the goal of debt reduction real in your mind, and provides you with a mechanism by which to track your progress in real-time.

The surplus amount of cash you have after accounting for income and expenses can be used to pay your debt down steadily. If you’re in a deficit, then it’s unlikely you’ll be able to reduce your debt appreciably. You will need to increase the number of hours worked, or get a new, higher-paying job. Reducing your expenses also has a similar effect; the point is that you need to turn your deficit into a surplus if you hope to pay off your credit cards.

Some options could be becoming an Uber or Lyft driver in your off-time, and using whatever extra money you pick up to pay off your bills. You’d be surprised how quickly it will add up. There are plenty of these kinds of jobs available; and, when the income you pick up is coupled with cancellation of creature comforts (how often do you really watch the $50 per month of cable you purchase?), you’ll find it much easier to hit the deadlines you set in your debt reduction app.

Map Out Your Debt

This just means separating your debt into manageable sections. You want to get rid of the high-interest debt first, of course, since it represents the single greatest impediment to hacking away at the principal. Another method is arranging it from greatest to least – irrespective of interest rate. Either one works; it really just depends on which you prefer. You’ll build up steam and find it easier to pay off as you go along.

Once your debt is manageable, don’t stop – keep paying it until it disappears. You’ll see just how many prospects open up once you’re no longer being dragged down by interest rate payments.


Equipment You Need in Starting a Restaurant

Are you planning to start a restaurant soon? One of the most important decisions you will have to make is how you can set up your kitchen efficiently. Having your restaurant properly furnished and equipped requires you to invest your time and money in making the best choices for your business.

Careful research and planning are crucial to ensure that you can maximize the functionality and efficiency of your kitchen. With this in mind, you will need good quality equipment that can withstand the demands and pressure of daily usage.

Regardless of what type of restaurant you are opening, here’s the equipment you will need to start your business:

  1. Refrigerators and freezers. All commercial kitchens require at least some type of refrigeration to provide food freshness, cold storage space and prevent food spoilage. Before you make that purchase, you should also consider the size of your kitchen operations. Larger cold storages can be custom built to fit any type of kitchen but smaller restaurants may not require a walk-in freezer. Whatever you choose for your kitchen, this is will be one of the essential equipment you need to have for your business.
  2. Ice makers and ice machines. Commercial ice makers are definitely necessary for a majority of restaurants or food service establishments. It is important to ensure that you have clean, fresh ice all throughout the day, so that you can keep those food chilled during transport or you can continuously provide ice-cold drinks and beverages to your customers. You can choose with either undercounter ice makers if you have a small kitchen space or Manitowoc ice machines if you have a bigger space and the condenser is stored outside.
  3. Stove tops, ranges, and ovens. If your restaurant needs your food to be cooked over an open flame, you will need stove tops or a kitchen range. Having a range is the powerhouse of the kitchen, so you should choose one that meets both your aesthetic and cooking needs. Most ranges also come with a built-in oven. If your restaurant operation does center around baked goods too, then you should purchase a range with a convection oven. This is an excellent appliance for toasting, roasting or making pastries and pies.
  4. Shelving can provide solutions to storage of appliances or even perishable and non-perishable food. When you have an organized storage system, it can help you a lot to streamline your kitchen operations. You will know where to get the item you need. Shelves and kitchen racks do come in a variety of materials and sizes to satisfy your preferences and storage needs.
  5. Dishwashing equipment. Having your own dishwashing machine, complete with a landing area, a dish table, and a garbage disposal can be the best way to tackle your needs when it comes to dishwashing. You may need to invest a bit more when you want this installed, however, it can save you time and money in the long run.


Do you have any additional tips what type of restaurant equipment to use in the kitchen? Share your thoughts in the comments below!


Your Family Deserves Your Full Investment: Lower Your Family Debt and Give Them a Better Future

Most of us know the harrowing statistics about credit card debt. The average Canadian owes over $22,000 in non-mortgage debt, and much of that debt is credit cards.

Most people can comfortably pay off less than $10,000 in debt, if the moneylenders give them enough time to do so. That’s often a very big “if.” Credit card debt above $10,000 is almost impossible to retire without making extreme sacrifices, and that is a difficult thing to do when so much money simply goes to interest payments.

In both these situations, it’s usually best to consolidate multiple debts, like credit cards, with debt help counseling.

How It Works

It is almost impossible to consolidate credit card debt on a piecemeal, individual basis. For one thing, most people do not have several hours to sit on hold or participate in an endless email thread; for another thing, there is no guarantee that the person you are speaking with has the authority to reduce payments or interest rates.

On the other hand, when a debt consolidation specialist reaches out to a moneylender, good things happen. A trained debt counsellor knows what to say and how to say it, typically because a debt consolidation firm has a pre-existing relationship with most moneylenders that’s been successful in the past. Moreover, when a debt consolidator represents several families, the results are even better. These results often include:

  • Reduced interest rate,
  • Waived late fees, and
  • A hold on adverse action, like collections calls and even civil lawsuits.

As a result, the debt is paid off faster because more money goes to principal reduction each month and there is much less debt-related stress.

There’s more. Teaming up with a debt consolidation specialist gives you access to professional credit and budget counselling, which helps you understand why these obligations grew so much in the first place. Since it empowers you with healthy money management habits, debt consolidation sets you up for future success.

Better Than the Alternatives

Regardless of what you do or do not do, the credit card bills are not going away. And debt consolidation is a much better alternative than some other approaches.

Paying full price and full term is simply not smart money management. It’s very important to teach your children to be good stewards of their money, and the best way to do that is to set a positive example. Debt consolidation is a great opportunity to do just that.

Bankruptcy usually is not a very good alternative for credit card debt either. This avenue is really best for people who have issues with mortgage debt and other secured debts, because the possible adverse action (namely foreclosure) is so much worse. Using bankruptcy to deal with credit card debt is not quite like using a flamethrower to kill a housefly, but it is rather close. Bankruptcy also does nothing to restore your credit rating, and paying off credit card debts usually has the opposite effect, even with a debt consolidation loan.

The longer you delay this decision, the more interest you pay, so make the call to a debt consolidation specialist straightaway.


Debunking 6 Common Excuses People Give Not to Travel

You were blessed with a human brain that can rationalize situation or circumstance. If you are looking for reasons to do or not to do anything, you will find them. The reasons don’t have to be compelling for you to believe them.
Some of the stories you’ve created in your head to rationalize not doing some of the things you should be doing will sound crazy to a second party, but you believe the stories as though they were gospel truth. The same applies to the excuses people usually give for not taking the time to tour this beautiful world. 
Below are 7 common excuses people give not to travel and reasons why their excuses are actually totally invalid. 

“I can’t Afford to Travel”

We’ve all heard this excuse. You may have said it at some point in time. The truth is that any employed person can find money to travel if they really care about traveling. If traveling is really important to you, you will find the money to fund your adventures.
Travel costs as much as you spend on nights out with your friends in a month plus the small treats you give yourself in the form of new designer clothes, ice cream and inflated car payments for a luxury car you don’t need.
If you really are on a tight budget and you want to travel, you need to take a hard look at where your money is going and start cutting out the expenditures you can live without. If you save $1,500 a year for travel, you’ve put aside enough money for a return flight to an exotic destination not far from where you live and enough to have fun for a few days at the destination.

“I Don’t Have the Time”

This is just as a good an excuse at the I can’t afford to travel’ excuse. It an excuse standing on stilts and will stumble as soon as it is bombarded with facts. The person saying that they don’t have time to travel is probably saying that they are preoccupied with work and can’t take time off.
The reality is that taking time off actually helps with productivity. Working non-stop without resting is bad for both your health and the bottom line. The better rested you are, the higher the quality of work you produce and the faster you can get projects completed. 
Further, the average workplace gives its workers two weeks of paid vacation. To not take full advantage of this opportunity when you’ve fully earned it is to cut yourself short, even though about 54 percent of people don’t do it
Vacation time is your right as an employee. No one can fire you because you decided to use what is your right. 

“I Don’t Want to Travel Alone”

Okay, I get it. Traveling solo when it is your first trip can be frightening. Nonetheless, there are workarounds to this problem if you can’t find anyone to go on vacation with you.
The most obvious solution is to join a group that is part of a packaged trip. Such travel packages usually have itineraries mapped out and accommodations arranged. All you have to do is join other people who’ve bought the package and you are good to go. If you book with a local travel agency, you will be traveling with people from your city and you won’t feel lonely any more.
That said, solo travel is also fun. More and more people are choosing to hit the road on their own. According to a 2015 Visa Global Intentions Study, up to 37 percent of first time travelers are solo travelers. You will be in good company when you finally hit the road. 
If you stay at a resort or hostel where guests interact with each other, you can strike up a conversation with one of the solo travelers and you’ll end up with a reliable travel buddy.

“I Have a Small Kid, It Won’t Be Fun”

That’s a total lie and you know it. Having a small kid won’t ruin your travel experience. It might actually make it even more fun. Kids have a way of bringing joy even to the dullest of situations. As long as you choose activities and resorts that are kid friendly, you will be fine, just avoid those adults-only spots
You won’t have any problems with your kid during your travels as long as you keep them engaged and entertained. Since you are traveling with a kid, don’t be selfish and go on a vacation that only an adult would enjoy. There are several child-friendly travel spots and destinations around the world.

“My Partner Doesn’t Like to Travel”

Look here, friend. You are responsible for your own happiness. To postpone your life because the person you are with right now doesn’t want to do the things you want to do is doing both you and your partner a great disservice. 
See, when you do what you love, you become happier. When you become happier, you gift your lover a better partner to spend time with.

“Someday, I’ll Get Around to It”

It’s hard to escape the Someday I’ll Island. The island is surrounded by the greatest excuses that have ever been conjured by the greatest procrastinators to ever grace the island. 
The more you stay in the island, the harder it becomes to leave. Your only hope of escaping is to break the spell that has been cast upon you. How do you break the spell? You take action today and book a flight instead of hoping that someday you’ll get around to doing it.


How to Make a Startup Business a Success When Personal Capital is Tight

Securing capital for a new startup business is often a hassle, especially when looking toward banks for help. Banks are a little more reluctant these days when it comes to lending capital for new start-ups and who can blame them? After all, only 1 in 10 startup business is a success. Therefore, dipping into your own pocket to obtain the necessary capital is one of the few options you have left if you want to make your dreams of owning your own business a reality. If you’re looking to start a business but your own personal finances are tight, here are a few tips to consider.

Take Things Slow

Some start-ups fail because they try to do too much too soon – don’t be one of those start-ups. Instead, look at your business plan and alter it in such a way that you can meet targets a year later rather than a year earlier. It’ll give you much more time to achieve your targets and, more importantly, more time to save to invest in new inventory or other services. Of course, you still need to find ways to fight off the competition, but there’s no reason why you can’t do that over the long-term.

Learn the Business Ropes

If your personal capital is that tight, this may not be an option as such. But, if you’re willing to make an investment in obtaining your masters in business administration online, you could land your online MBA degree – which could help you save money when it comes to running your business properly. As already stated, it’s not always an option for some, but it’s still one to consider if you’re willing to put your money where your mouth is.

Don’t Get Greedy

It’ VERY easy to get greedy in terms of taking profits out of the business, especially when you have invested your own money and left yourself without a penny to scratch your bottom with. Getting greedy will ultimately put your new business in jeopardy, and that means it’s putting your personal finances at risk, too.

Don’t Fall Victim to the Competitors Trap

As stated above, you’ll still need to fight off the competition, but there’s no reason why you can’t do that over the long-term. If you’re going to research your competition heavily, just remember that you don’t need to do everything they’re doing to compete – you’ll only end up spending capital you don’t have. Instead, try to find ways of competing that aren’t going to cost you a great deal. Competing doesn’t just sit with advertising or marketing; it has much more to it. For example, if your website page loading times aren’t that quick, look at this guide to increase your times so your visitors have a much better user experience.

There’s plenty you can do to ensure your new startup is a success when working with tight personal finances. Competing will always be a tough task when you’re on a small budget, but if you’re willing to take the above tips under your wings, your business won’t fall victim to failure like nine out of 10 new startups do.