Credit Counseling Companies Tackle Consumer Debt, and Enable Sound Financial Planning

These are turbulent economic times in which we live. The cost of a college education continues to soar. New grads face greater amounts of student loan debt than ever before. Mortgages are expensive, and in the wake of the mortgage crisis, loan companies are tightening eligibility requirements. In many industries, salaries fail to keep pace with inflation. Health insurance premiums continue to soar, as well. No wonder so many Americans are in debt, with average debt at $8,000 or more per household, according to a 2004 MSN Money report! And, many more people are concerned about money management.

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Financial Planning – The True Definition

Financial planning is a good idea for anyone with an income. Some people think of it as a synonym for retirement planning. However, financial planners are professionals who assist people in developing plans for many kinds of investments and expenses. Essentially, they help people earn, save and spend their money more wisely than they would if left to their own resources.

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10 Steps for Simplifying Business Plan Financial Statements

For most business owners and entrepreneurs, preparing, and communicating the financial statement section of a business plan is like trying to give driving directions to someone who doesn’t speak the same language.

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