The fewer expenses you have in retirement, the better for your cash flow. Not having a monthly mortgage drastically reduces your expenses when you’re no longer earning a steady income. As a bonus, when you pay off your mortgage early (without fees for paying it off too quickly) you’ll likely pay less in interest. So you’ll be saving yourself even more money.
Financial management is a vital part of running a successful business, but often entrepreneurs start their business with little understanding of how to make solid financial decisions. Managing your finances is about more than bookkeeping and paying taxes—although those are also important to a sustainable business
The IRS has added the ability to change banking information to its portal for the advance Child Tax Credit. According to a news release from the IRS, any updates by August 2 will apply to the August payment. The deadline for updates for the July 15 payment was June 28.
