Money Management Tips for People of All Ages

I spent my 20s mismanaging my money, and came to regret all of those impulse purchases placed on credit cards when my credit score plummeted due to missing a few payments. I didn't learn how much this would affect my life until I was denied for both an auto loan and mortgage in the same year due to my bad credit score. I spent the next few years cleaning up my credit report and putting every extra penny I had toward old debts. Having to put my impulse spending on halt was difficult at first, but it was a great learning experience and I now realize how rewarding saving and investing money really can be. I have put a lot of research into good money management techniques, so I decided to start a blog to share what I have learned with anyone who needs help!

3 Traditional Workplace Tasks Your Startup Should Consider Outsourcing

Finance & Money Blog

In the not-so-distant past, small businesses had onsite staff to handle tasks such as handling payroll and distributing checks to employees, as well as handling bookkeeping, data entry, and reception tasks. Others brought specialists such as graphic designers and copywriters to their onsite team. Today's workplace, however, is much more scaled down, and outsourcing provides an excellent way for startups and other small businesses to get the expertise they require without the expense and organizational challenges involved in maintaining an onsite, full-time staff. 

Keep in mind that one of the biggest mistakes new business owners make it trying to do it all themselves. Outsourcing some of the work leaves you and your key employees free to focus on the work that you do best. Following are three traditional tasks that your startup should consider outsourcing. 

Payroll Services 

Making out payroll the old-school way is not only time consuming, but it can also result in costly mistakes that can frustrate employees and undermine your credibility as a employer. Outsourcing payroll obligations to an expert who specializes in small business payroll services ensures that mistakes are kept to a bare minimum. Because tax and payroll laws experience frequent changes, it's easy for the average business owner to lose track of evolving regulations, while someone who specializes in this sort of work has more of a vested interest in keeping current with legislative changes. 

Payroll services also help you retain quality employees by providing consistent and timely service. No one wants to stick around at a business when paychecks are often late or otherwise not up to par. Also, the same professional who prepares your payroll is usually qualified to provide your business with tax services as well. For instance, they can handle your quarterly tax payments as well as prepare your annual tax statement. To learn more about these services, check out websites like

Social Media Management 

The use of social media for business purposes mainly evolved from the need of those in the global marketplace to reach out to as many prospective customers as possible. However, even brick-and-mortar establishments need a positive online presence these days in order to thrive. Active social media sites that encourage engagement among customers and potential customers help your business get noticed in a positive way, and ongoing online conversations keep them coming back for more. Creating engaging content is a specialized skill, so you may be better off outsourcing this task to someone who specializes in maintaining social media accounts for small businesses rather than trying to tackle it yourself. Many business owners have a strong tendency to put social media maintenance on the back burner, often resulting in a lackluster online presence — in the worst cases, potential customers may get the impression that you're no longer in business if your page hasn't had any activity in quite a while. 

Janitorial Services 

Unless you're in an office complex that offers janitorial services as a part of its overall package, someone's going to have to keep the place clean. Many small business owners try to piece this work together using existing office staff, and some even take on the responsibility themselves, but outsourcing to a professional cleaning service is a better idea. Office staff may resent being asked to clean, and cleaning during business hours is not advised because of slip-and-fall hazards created by wet floors. At the end of a hard day, the last thing you want to be doing is sticking around after hours to clean the place up, so you may end up rushing through the job. A professional cleaning staff will get it done after you and others have gone home for the day, creating a pleasant, clean environment to greet you in the morning. 


10 August 2017