How to Pay Off Debt During the COVID-19 Pandemic

During a global pandemic, everything can feel exponentially more stressful and difficult. With millions of Americans filing for unemployment since the beginning of March, many of us are forced to deal with the anxiety of finances on top of everything else we have to worry about.

Here are 4 simple things you can do to help relieve some of the stress and burden of your finances during the coronavirus pandemic:

1. Pay your critical expenses

Ditch the guilt. Life happens. If you have to put your debt payment plan on hold, do it. The most important thing right now is to pay your critical expenses, like putting a roof over your head and food on the table for your family.

2. Use the extra money saved to pay down debt

If you’re able to meet all of your and your family’s necessities, then you can start to look at your … Read more

What is a break-even analysis?

If you run a business of any kind, it’s important to understand the relationship between business expenses and revenue. When planning out any kind of business investment, it’s a good idea to map out the costs and expected business results and conduct a break-even analysis.

A break-even analysis helps you understand if an investment will pay off and when you can expect to turn a profit.

 

Keep reading to learn more about what a break-even analysis is, why it can be helpful to your business, and how to do your own break-even analysis for a new business or business expansion project.

What is a break-even analysis?

A break-even analysis is a type of analysis in which business owners or managers run the numbers to decide if a new business or a business project is going to pay for itself or break even.

A break-even analysis tells you if a
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Should your business continue remote work after COVID-19?

In March 2020, in what were the beginning stages of the COVID-19 pandemic in the United States, stay-at-home orders were enforced, and businesses scrambled to take their day-to-day operations online.

For the first time, people who were used to going into the office every day were plunged into the deep end of the working-from-home pool. As our new normal continues to unfold and restrictions are lifting, you might be wondering — should your company continue remote work after COVID-19?

In this post, I’ll share the pros and cons to both returning to the office, and continuing remote work.

Returning to the office post-pandemic

Making a decision to return to the office when it is considered safe in your area is a difficult decision. Read on to learn some pros and cons of returning to the office.

Pros:

  • Employees will have the chance to engage with one another face-to-face, which can
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