Author: Complete Controller

Principle 1: Change Your Relationship with Money

The basis of financial education is conscientious consumption, so you should spend less than you earn and avoid impulse purchases.

Whenever you are buying something, ask a simple question that can help you avoid being a consumer and save money: Do I want it, or do I need it?

This question will help you to assess the absolute need for the purchase.

You should assess whether what you are about to do:

• Will help make more money.
• Will contribute to your student performance.
• Will improve your performance at work.

Another point that needs to come into your life is to buy things in cash. Unfortunately, the cases in which it is financially better to opt for installment payments are sporadic.

If you still do not have the money to purchase, wait and save until you collect the necessary amount.

Principle 2: Make Your Income Grow, or Your Expenses Decrease

You can deduct your spending in many ways, such as negotiating fixed bills, limiting superfluous expenses, and quitting smoking or drinking. But sometimes, you cannot reduce fixed costs, so you need to increase your income.

Analyze your reality, what you can do now, and what goes into planning.

Here are some tips to increase your income:

• Ask for a raise: few people ask for a raise, which is not a crime. It is the recognition of your work. If you ask and do not receive, look for what is missing and pursue your goals.
• Keep an eye on job opportunities: people are willing to start working and stop looking for other options.
• Keep an eye on the job market: you may find better opportunities.
• Earn extra income: If your job allows you to have free time or you are unemployed, consider investing your time in new business models, such as being an application driver, a “husband for hire,” hosting pets in your home, selling beauty products, or even organizing a thrift store.

There are many possibilities for those who want extra money at the end of the month.

Principle 3: Pay Off Your Debts

We have already told you to forget about installment payments and buy in cash, as one of the most important things is to get away from debt.

They are the biggest villains in financial planning.

Ideally, some of the money you have managed to save or earn extra should be used to pay off debt.

It is possible to ask for negotiation at “clean-name” fairs where lenders give good discounts to denied credit.

Principle 4: Invest

With debts under control, continue to invest the amount remaining in the month. Unfortunately, many people find that supporting a lot of money is necessary, which is a lie.

There are options for those who invest little, such as LCI and LCA, real estate credit and agribusiness letters, CDB, and Treasury Direct. In the latter, it is possible to invest less than $100.

Principle 5: Plan Yourself!

Finally, we arrived at the solid foundation of financial education: planning. Set short, medium, and long-term goals. It is common to notice people controlling the monthly or weekly budget, but it is imperative to think about the future.

For example, if you work with a formal contract, you will receive certain benefits such as a 13th salary, profit sharing, and yearly vacations.

If you only plan for the short term, when that extra money comes in, you will pay your debts, there will be money left over, and with that, you will be tempted to spend. Financial planning with medium- and long-term goals motivates you to invest the amount left.

In addition, it is crucial to have an emergency reserve budget.

The reserve will cover your expenses when the situation becomes delicate, such as in times of crisis. To build this emergency reserve, you must calculate your fixed payments enough to support yourself and multiply by the time you need.

For example, if you have a monthly cost of living of $2,000, you will need:

• $6,000 for a three-month reservation.
• $12,000 for a six-month reservation.
• $ 24,000 for a one-year booking.
• Do not panic! This accumulation must be done little by little through investments.

Many people think that when planning, they will “tighten their belts,” but this phase will give more security to their families and make them realize that they do not need to be consumers to have a good life. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

What are Debt and Debt Management?

Debt refers to the financial obligation that arises when you borrow money from an individual or a credit institution. Such a situation can arise in various circumstances, such as when you purchase a home or a car, or when you face unforeseen expenses, such as medical bills or home repairs. If you encounter such unexpected expenses, you may have to resort to borrowing money to pay for them.

However, incurring debt can have long-term financial implications, as it can lead to high interest rates, late payment fees, and a negative impact on your credit score. Therefore, it is always advisable to plan for such unexpected expenses by creating an emergency fund or setting aside some money for such situations.

 

By making room in your budget for savings, you can avoid falling into debt traps and ensure that you have sufficient funds to cover any unforeseen expenses that may arise. This can help you maintain financial stability and ensure that you are prepared for any financial challenges that may come your way.

How to Get Rid of Debt through Debt Management?

The short answer to this question is to pay off the debt. But it can be easier said than done, especially if you are obligated to pay it off. It may be a good idea to start at the right end. It would help if you did several things to make your debt payment as efficient as possible. This means that you may need to repay your debt.

Different debts, such as loans, have different interest rates and can be attractive. Reviewing your debt can clarify whether you have an attractive loan option. In practical terms, this means that you need to overview your debts, how much they cost, and what interest you pay on them if you have several obligations.

Once you have created a good overview of your debts and all the information around them, you can start looking at options. Research the market and see if you can find alternatives in loans with lower interest rates and better terms. If you find better alternatives, you can refinance your debt by taking out a better loan and paying off the old debts.

Here is a summary of what you need to do to start paying off your debts in the most efficient way possible and get good debt management in the end:

1. Create an overview of how many debts you have, how much the different debts cost you each month, and the interest rate on the other debts if you have several.
2. Examine the market and look at other options that have better terms.
3. Try to reschedule your debts, so you pay as little as possible in interest and have the opportunity to adapt your installments to your finances.

What does the Term Debt Restructuring Mean when it Comes to Debt Management?

In debt management, there is a concept called debt restructuring. Debt settlement means that you pay off some of your debts but not all of your debt. You pay part of the debt to show that you want to get rid of it, and it is more of a symbolic act than a contributing factor to pay off your debt.

To be able to get debt relief, you must apply for this. In the vast majority of cases, your debts need to be transferred to the bailiff for you to use for debt restructuring. It is the bailiff who the official authority decides whether the debt restructuring is granted or not.

What is a Debt Management Plan?

A debt management plan is a compilation of your active debts —that is, debts that have not been paid. When you make a debt management plan, you list your debts, how much is left on each debt, how much the debt costs you in interest, and when it is to be paid off.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Those who dream of owning their own home know how difficult it is to have credit approved to finance a home. Even with all the paperwork in hand, it is impossible not to release the funding. Furthermore, having a salary compatible with the home’s value you want to buy is not enough. In addition to proof of income, banks and lenders use other criteria to decide whether or not to provide financing.

One of those criteria might be the credit score. And many people wonder if there is a minimum score to get funding. Unfortunately, this number does not exist because the score is only one of the items evaluated. So, to help those who want to improve their chances of financing a home, we have listed some valuable tips.

Open the Positive Register

One of the first steps in financing a home is to have a good credit history. Thus, positive registration and consistent on-time bill payments can help obtain financing. You must be careful about paying all your bills on time, never delaying or getting plenty on them. Otherwise, it will affect your credit history.

Having an Account at the Bank Where You are Going to Ask for a Loan

This point is critical to having a relationship. The longer you are a bank customer, the more credit history you have. That’s why if you have a long association with your bank, it will be much easier for you to get the approval for the loan. This way, the institution will know how much money has circulated in your account and will be able to assess your potential better to pay off the loan.

Receiving Your Payments on Account

Having a steady flow of income to your account is an essential tip for those with a formal contract and the self-employed. Having a salary account or depositing all the money you earn in the bank helps to help you assess the bank.

You can use your account movement statement to prove your income in the last few months. In addition, having your salary in your bank account will positively impact you while you process your loan application because the bank knows you have regular income and will pay back the loan amount.

Carefully Check Your Score

A score is among the various criteria that banks and lenders may or may not approve a loan. A tip is to check your score before applying for funding.

That way, you can check your score and see how to increase it. You can even use your score as an argument to improve the conditions offered by the bank. If your values are not up to the mark, try to get some time to improve and continuously check the score. As soon as your score goes in the excellent area, you can ask the bank for home financing.

Gather the Documentation

You must prepare all your documents to get approval for the home financing application. You will also need to take all the necessary documents to get the funding, including all the information. Among the documentation, don’t forget the proof of income, bank statements, pay slips, and income tax returns.

Regularize Your Company if Any

This tip is for the self-employed. Leaving informality and becoming an MEI (Individual Micro entrepreneur) helps you in your credit analysis. In addition, you will also have benefits such as retirement and sick pay.

With all these tips, you will increase your apartment financing without a headache. As a bonus, with a clean name and an open Positive Register, you will improve your score to gain other types of credit.

Conclusion

It is always challenging to achieve it if you want finance for your first home. So you don’t get rejected, take the time to consider your options before moving forward with your application and deciding to start the application process according to your financial condition.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

1. Look for the manager

It is essential to contact the manager to find out the actual status of the current account. Take the opportunity to discuss your current financial situation and request a negotiation suited to your budget. During the conversation, clear all doubts about the deadline, the amount of installments, and any discounts on cash payments.

2. Opt for smooth installments

If you do not have the total amount to pay the debt, paying it off smoothly is better than opting for high installments. It is not pleasant to extend installments but get out of control in your financial life. It is sometimes necessary to take a little longer to get rid of debt. The best posture is to choose a form of payment that you can pay on time and without generating more debt.

3. Exchange a larger debt for a smaller one

According to experts, payroll loans are an excellent way to pay off debt overdrafts because the interest rates on this type of loan are meager. Last year, for example, the annual interest rate on payroll loans reached 23.6%, while the interest rate on overdrafts reached 148.6%. Another advantage of using payroll-deductible loans to pay large debts is convenience and security, as the amount is deleted directly from the account holder’s payroll.

4. Make credit portability

Credit portability involves transferring debt from a bank to another financial institution that offers lower interest rates. In this case, the process is free of charge, and the customer is free to choose a new bank.

Before using bank portability to settle the overdraft, evaluate the pros and cons of the operation. The main advantages of bank portability are the exemption from IOF (Financial Operations Tax) and the reduction in the value of installments.

5. Use extra funds

With the debt already negotiated, take advantage of all the extra resources to pay off the installments. Understand that to normalize your financial situation. You will need to save more than ever. Therefore, avoid new debts and take advantage of entries such as 13th, allowances, bonuses, vacations, and awards to get out of overdraft as soon as possible.

6. Review the details of the negotiation proposals

You already know your debt well, and how much monthly you can commit to resolving it, so it is time to contact your credit card company and negotiate.

Do not just get stuck with the value in front of you and want to solve it as quickly as possible; analyze everything carefully. Check the interest and fees that it will add to each possibility, do not take on higher installments than you can afford, and be honest about your situation.

It may happen that the trading option offered is not realistic for your situation. Talk and negotiate calmly so as not to create new debt out of desperation, and if the proposal is not favorable, take time to evaluate before accepting the agreement.

7. Always follow the basis offered by the Consumer Defense Code

Being a debtor makes us feel like the wrong part of history, and many times, we give up rights and advantages in debt negotiation.

That is why having the Consumer Defense Code as an ally is essential. Some rules apply specifically to debt negotiation. Few people know, but when the negotiation seeks to pay off the total debt, it is not allowed to be charged more than 30% of your monthly budget in the payment, in the case of loans. For payroll-deductible credit, the charge cannot exceed 35%. Another point is that hiring an insurance service when renegotiating debts is not mandatory, which can deduct a good part of the amount to be paid. Thus, you have legal information to help you develop a more advantageous alternative. Remember, any irregularity or doubt about your rights can be brought to Procon, even in the case of debt. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

In national currency, taxes are paid by individuals and legal entities and serve to subsidize government expenditures (federal, state, and municipal) on security, health, education, and investment in public works, such as hospitals and highways, etc. Governments collect taxes from individuals’ salaries, the assets of people or companies, services, or products.

Do You Know the Difference Between Taxes, Taxes, Fees, and Contributions?

In addition to the impact on your company, do you know the social relevance of these themes?

That’s why, always concerned about adding value for you, hand-selects that epic content, which will be a milestone to build the longevity your enterprise desires. Ready to absorb the knowledge about Taxes that will enable the ripple effect of positive changes on your journey?

Taxes occur according to the state’s most appropriate decisions for the context.

Did you know that knowing the different types of taxes is just the first step toward something that will revolutionize your business?

Knowing them will enable more assertive Tax Planning. However, as I mentioned at the beginning, this revolution will have a positive domino effect on your business, as planning your taxes is part of your Tax Management.

Tax on Service and Products

There is always a tax on services and products whenever the good or service provider makes a profit. It is a municipal tax, so there may be changes to some rules depending on the municipality the organization resides in. Still, generally speaking, it covers a long list of services that governments must tax. Some of them are:

• Nutrition
• dentistry
• obstetrics
• fairs, exhibitions, congresses, and similar
• technical assistance
• advocacy
• collection in general
• recruitment agencies and selection centers

Anyway, there are several types of services, so you don’t have to doubt whether the kind of service you offer is taxed.

Simple Tax Calculation on Products

Two variables affect the taxes: the amount charged for the service and the rate set by the specific municipality. After all, each city has its speed.

For example, if the service your company provides is worth 1,000 reais and your municipality’s tax rate is 2%, the bill should look like this:

1,000 x 2% = 20

This formula means that the amount collected by the Tax on Services, in this case, is 20%. Use the formula and replace it with the fundamental values ​​of your services and the tax rate for the municipality in question.

E-file for Your Taxes

If you file your taxes, it is better to do so using an e-file. E-filing is one of the safest and fastest ways to record your taxes electronically from a single location and keep track of all your tax records. In the end, when you apply for a tax return, it will be easy for you.

Filing Status

It is one of the essential parts that helps you know the amount you pay for tax and how much you save. Therefore, keep checking your filing status regularly to avoid any penalties in case of missed deadlines.

Exemptions into Tax

If you contribute to society, you might be eligible for tax exemptions. As a result, some amount will be less than the total tax amount. For example, if you are married or have children, there will be a reduced amount to pay tax. For example, you apply for a tax exemption if you make $100,000 and pay 25% tax.

Consult with an Accountant

You may see terms and get confused because there are some jargon and technical terms you are unfamiliar with. In that situation, you need the help of an accountant. Therefore, you must contact a good accountant who can help you better and solve your query professionally.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

By: Jennifer Brazer

Jennifer is the author of From Cubicle to Cloud and Founder/CEO of Complete Controller, a pioneering financial services firm that helps entrepreneurs break free of traditional constraints and scale their businesses to new heights.

Fact Checked By: Brittany McMillen

Make Your Finances More Flexible: 5 Easy Strategies

Flexible financial management means creating adaptive systems that bend without breaking when economic conditions shift. Whether you’re managing personal finances or running a business, financial flexibility allows you to seize opportunities, weather unexpected storms, and maintain control when rigid budgets would crumble. Building this adaptability requires strategic planning across five key areas: liquidity reserves, debt optimization, income diversification, dynamic budgeting, and contingency planning.

Over two decades as CEO of Complete Controller, I’ve watched countless businesses transform their financial health by embracing flexibility. The companies that thrive aren’t necessarily those with the biggest budgets—they’re the ones who can pivot quickly when markets change. This article reveals the exact strategies our most successful clients use to build financial resilience. You’ll discover how to calculate optimal cash reserves, restructure debt for maximum flexibility, create multiple income streams, implement adaptive budgeting systems, and prepare for the unexpected. These aren’t theoretical concepts—they’re battle-tested approaches that have helped thousands of entrepreneurs break free from financial constraints.

What are flexible finances, and how do you achieve them?

• Answer: Flexible finances involve maintaining liquidity reserves, optimizing debt structures, diversifying income sources, implementing adaptive budgeting, and creating contingency plans
• Liquidity reserves: Cash buffers that cover 3-6 months of expenses provide immediate access to funds during emergencies or opportunities
• Debt optimization: Strategic debt management keeps monthly obligations low while maintaining access to credit for growth investments
• Income diversification: Multiple revenue streams create stability when one source experiences volatility or seasonal fluctuations
• Adaptive budgeting: Dynamic financial planning adjusts spending and projections based on real-time performance data rather than static annual forecasts

Build a Buffer: Why Cash Reserves Are Critical

Cash reserves form the foundation of financial flexibility, acting as your first line of defense against unexpected expenses and revenue disruptions. Unlike traditional emergency funds that sit idle, strategic liquidity reserves serve multiple purposes—they protect against downturns, enable quick decision-making for opportunities, and eliminate the need for expensive short-term borrowing. Recent data reveals that 21.6% of small businesses operate with only 1-5 months of cash reserves, leaving them dangerously exposed to market volatility.

The restaurant industry provides a stark example of liquidity challenges, with the median small restaurant holding just 16 days of cash reserves compared to 47 days for real estate businesses. This industry-specific variation highlights why cookie-cutter approaches to cash management fail. Your optimal reserve level depends on revenue predictability, fixed cost obligations, and industry norms. Service businesses with recurring revenue might manage with three months of reserves, while seasonal retailers often need six months or more to bridge slow periods.

How to calculate your optimal cash reserve

• Monthly expense baseline: Calculate total fixed and essential variable costs, including rent, payroll, utilities, and minimum inventory requirements
• Revenue volatility factor: Analyze your past 24 months of revenue to identify seasonal patterns and unexpected dips
• Industry-specific adjustments: Research cash buffer days for your specific sector using resources like JPMorgan Chase Institute data
• Growth opportunity fund: Add 10-20% above survival needs to capitalize on unexpected opportunities without depleting safety reserves
• Quarterly reassessment: Review and adjust targets based on economic conditions and business performance changes

Automate Your Savings Strategy

Setting up automatic transfers from operating accounts to dedicated reserve accounts removes the temptation to skip savings during profitable months. Schedule transfers for the day after major revenue deposits, treating reserves like a non-negotiable expense. Many businesses find success with a two-tier system: a primary reserve in high-yield savings for true emergencies and a secondary opportunity fund in money market accounts for strategic investments.

Liquidity-First Decision Making

Every financial decision should consider its impact on liquidity. Before committing to new fixed costs or long-term contracts, calculate how each obligation affects your cash buffer timeline. This doesn’t mean avoiding all commitments—it means structuring them intelligently. Negotiate payment terms that preserve cash flow, such as quarterly versus annual software subscriptions or milestone-based payments for large projects.

Debt Management: Balancing Flexibility and Risk

Strategic debt management transforms obligations from rigid constraints into versatile debt strategies that support growth. The key lies in structuring debt to preserve monthly cash flow while maintaining access to capital for opportunities. Hawaii’s household debt-to-income ratio of 2.2 demonstrates the danger of overleveraging—when debt payments consume most income, financial flexibility disappears entirely.

Smart debt structuring begins with understanding the hierarchy of obligations. High-interest credit card debt averaging 24% APR destroys flexibility faster than any other financial mistake. Consolidating these balances into lower-rate options immediately frees up monthly cash flow. Business lines of credit offer superior flexibility compared to term loans, allowing you to borrow only what’s needed and repay without penalties. This approach keeps fixed obligations low while maintaining access to growth capital.

How to refinance or restructure debt

The current interest rate environment creates unique opportunities for debt optimization. Start by listing all debts with their rates, monthly payments, and prepayment terms. Focus first on obligations above 10% APR, as refinancing these provides immediate cash flow relief. For business debt, explore SBA refinancing options that often feature longer terms and lower rates than conventional loans. Personal debt consolidation through credit unions frequently offers rates 5-10% below credit card averages.

Variable-rate debt requires special attention in today’s economic climate. While these loans offered savings during low-rate periods, rising rates can quickly erode cash flow. Consider locking in fixed rates for core obligations while keeping some variable-rate exposure for shorter-term needs. This balanced approach protects against rate spikes while allowing flexibility to benefit from potential rate decreases.

Debt-to-Income Optimization

Maintaining total debt payments below 36% of monthly income provides the flexibility needed for unexpected expenses and opportunities. This ratio includes all obligations—mortgages, business loans, credit cards, and other debts. Calculate your current ratio by dividing total monthly debt payments by gross monthly income. If you exceed 36%, prioritize paying down the highest-rate debts first while avoiding new obligations.

Strategic Leveraging Guidelines

Not all debt damages flexibility—strategic borrowing for high-ROI investments can actually enhance financial adaptability. Equipment financing that increases production capacity, education that boosts earning potential, or real estate that generates rental income represent positive leverage. The key metric: any debt should generate returns exceeding its cost by at least 3%. This buffer accounts for risk and ensures the investment strengthens rather than weakens your financial position.

Diversify Income Streams

Income diversification creates the ultimate financial flexibility by reducing dependence on any single revenue source. Recent data shows 44% of Americans maintain side hustles, with 43% relying on this additional income for basic expenses. This trend reflects growing recognition that multiple income streams provide both security and opportunity for wealth building.

Building diverse income begins with leveraging existing skills and assets. A marketing professional might offer consulting services, create online courses, or manage social media for small businesses. Property owners generate passive income through short-term rentals or storage space leasing. The key is starting with low-barrier opportunities that don’t require significant upfront investment or interfere with primary income sources.

Practical income diversification tactics

• Skill monetization: Transform professional expertise into teaching opportunities through platforms like Teachable or direct coaching services
• Asset utilization: Rent underused assets including parking spaces, tools, equipment, or spare rooms through sharing economy platforms
• Digital product creation: Develop templates, guides, or software tools that generate recurring revenue with minimal ongoing effort
• Investment income: Build dividend-paying stock portfolios or explore peer-to-peer lending for passive cash flow
• Strategic partnerships: Joint venture with complementary businesses to access new revenue streams without full startup costs

Passive Income Development

True passive income requires upfront effort but delivers ongoing returns with minimal maintenance. Dividend-paying stocks and REITs provide quarterly cash flow while building long-term wealth. Start with established dividend aristocrats—companies with 25+ years of consistent dividend growth. Allocate 10-15% of investment capital to these holdings, reinvesting dividends until you need the income stream.

Digital assets offer scalable passive income opportunities. An online course created once can generate revenue for years. Focus on evergreen topics within your expertise that won’t require constant updates. Price products using tiered strategies—basic versions for mass market appeal and premium offerings for serious students. This approach maximizes revenue while serving diverse customer segments.

Side Hustle Optimization

Successful side hustles balance effort with returns. Evaluate opportunities using an hourly rate calculation that includes setup time, ongoing management, and tax implications. A $1,000 monthly side hustle requiring 40 hours yields just $25 per hour before expenses—potentially less than your primary career. Focus instead on scalable opportunities where initial effort creates multiplying returns.

Adopt Flexible Budgeting

Traditional annual budgets fail in dynamic business environments where conditions change monthly. Flexible budget planning adapts to real-time performance, adjusting expense allowances based on actual revenue. This approach prevents the common problem of overspending during slow periods or missing growth opportunities during upswings due to rigid budget constraints.

Avalon Healthcare’s transformation illustrates flexible budgeting’s power. By implementing NetSuite Planning and Budgeting, they reduced budgeting cycles from three months to one while improving accuracy. Their quarterly rolling forecasts replaced static annual projections, allowing rapid response to market changes. During a unexpected supply chain disruption, they reallocated resources within days rather than waiting for the next annual planning cycle.

Vertical analysis for adaptive planning

Vertical analysis transforms budgeting from fixed dollar amounts to percentage-based allocations that automatically adjust with revenue changes. Start by categorizing every expense as fixed, semi-variable, or fully variable. Fixed costs like rent remain constant regardless of revenue. Semi-variable costs like utilities have base amounts plus usage-based components. Variable costs like sales commissions directly correlate with revenue.

Express each category as a percentage of revenue based on historical data. For example, if marketing historically consumes 15% of revenue, maintain this ratio as sales fluctuate. This approach automatically increases marketing investment during growth periods and reduces it during downturns. Build scenarios for 70%, 100%, and 130% of projected revenue to prepare for various outcomes.

Semi-Variable Cost Management

Semi-variable costs offer the greatest optimization opportunities in flexible budgeting. These expenses have both fixed and variable components, making them prime targets for strategic management. Utilities demonstrate this perfectly—base connection fees remain fixed while usage varies with business activity. Negotiate better rate structures that reduce fixed components in favor of usage-based pricing.

Staffing represents another semi-variable cost ripe for flexibility. Maintain a lean core team supplemented by contractors during peak periods. This structure keeps fixed payroll costs manageable while providing scaling capability. Many successful businesses maintain 70% permanent staff and 30% flexible capacity through contractors, part-time employees, or outsourced services.

Technology-Enabled Budget Flexibility

Modern financial planning tools transform flexible budgeting from complex spreadsheets into automated systems. Kieser’s consolidation of 27 financial systems into NetSuite reduced their budgeting cycle by 66% while improving accuracy. Their finance team shifted focus from data entry to strategic analysis, identifying cost-saving opportunities previously hidden in disconnected systems.

Cloud-based platforms enable real-time budget adjustments based on actual performance. Set up automated alerts when spending exceeds percentage-based thresholds rather than fixed dollar amounts. This approach catches problems early while allowing appropriate scaling during growth periods. Integration with accounting systems eliminates manual data transfer errors and provides instant visibility into budget versus actual performance.

Prepare for the Unexpected

Contingency planning transforms potential disasters into manageable challenges through systematic preparation. The most financially flexible individuals and businesses don’t just react to crises—they anticipate and prepare for multiple scenarios. This proactive approach requires identifying vulnerabilities, creating response plans, and maintaining resources to execute those plans when needed.

Risk assessment begins with brutal honesty about potential disruptions. What would happen if your largest customer left tomorrow? How would a 30% revenue drop affect operations? Could you survive three months of supply chain disruptions? These uncomfortable questions reveal true vulnerabilities. Map each risk by probability and potential impact, focusing preparation efforts on high-probability, high-impact scenarios.

Building a risk management framework

A comprehensive risk management framework addresses threats systematically rather than randomly. Start with a SWOT analysis examining internal strengths and weaknesses alongside external opportunities and threats. Pay special attention to single points of failure—areas where one problem could cascade into business-threatening crises. Common vulnerabilities include customer concentration, key employee dependence, and single-source suppliers.

Mitigation strategies vary by risk type but share common elements. Diversification reduces concentration risks across customers, suppliers, and revenue streams. Insurance transfers catastrophic risks to third parties, though carefully evaluate coverage gaps and deductibles. Contractual protections like cancellation clauses and performance guarantees provide legal recourse during disputes. Most importantly, maintain financial reserves specifically earmarked for risk mitigation separate from general cash buffers.

Emergency Fund Staging

Emergency reserves require different treatment than working capital or opportunity funds. Structure these funds in tiers based on accessibility and need probability. The first tier holds one month of critical expenses in immediately accessible accounts—checking or savings with same-day transfer capability. The second tier contains months two and three in high-yield savings or money market accounts accessible within 2-3 business days.

Extended reserves beyond three months can include slightly less liquid options like short-term CDs or stable bond funds. This staging approach maximizes returns on funds unlikely to be needed while ensuring immediate access to crisis capital. Review and rebalance tiers quarterly, adjusting for changed risk profiles or economic conditions. During high-uncertainty periods, shift allocations toward more liquid tiers.

Scenario Planning Exercises

Regular scenario planning keeps contingency preparations current and actionable. Quarterly, gather key stakeholders to review and update response plans for major risk categories. Walk through specific scenarios step-by-step: who makes decisions, what actions occur in what order, and what resources each step requires. This practice reveals gaps in planning and builds muscle memory for crisis response.

Document plans in simple, accessible formats that work during high-stress situations. Create one-page action sheets for common scenarios listing key contacts, immediate actions, and resource locations. Store copies in multiple locations—physical and digital—ensuring access even if primary systems fail. Test plans through tabletop exercises where team members role-play responses without real-world consequences.

Conclusion

Financial flexibility isn’t about having unlimited resources—it’s about structuring your finances to bend without breaking when life throws curveballs. The five strategies we’ve explored—building cash reserves, optimizing debt, diversifying income, implementing adaptive budgeting, and contingency planning—work together to create comprehensive financial resilience. Each element reinforces the others, creating a system stronger than any individual component.

Twenty years of guiding businesses through Complete Controller has taught me that financial flexibility determines who thrives versus merely survives. I’ve seen companies with modest resources outmaneuver larger competitors simply because they could pivot quickly when opportunities arose. The businesses that struggled all shared one characteristic: rigid financial structures that crumbled under pressure. Your financial future depends on the flexibility you build today.

The path forward starts with honest assessment of your current financial flexibility. Calculate your cash buffer in days, not dollars. Examine whether your debt structure supports or constrains growth. Count your income sources and evaluate their stability. Test your budget’s ability to handle 30% revenue swings. Most importantly, take action on the gaps you discover. Financial flexibility isn’t built overnight, but every step increases your ability to weather storms and seize opportunities.

👉 Take Action Today: Visit Complete Controller to discover how our team helps entrepreneurs build financially flexible businesses that adapt and thrive in any economy. Our comprehensive financial services provide the foundation and ongoing support you need to implement these strategies successfully.

FAQ

What’s the difference between financial flexibility and just having savings?

Financial flexibility encompasses multiple interconnected strategies beyond basic savings. While savings provide one type of buffer, true flexibility includes optimized debt structures, multiple income sources, adaptive budgeting systems, and comprehensive contingency plans that work together to create resilience.

How quickly can I improve my financial flexibility if I’m starting from zero?

Meaningful improvements begin immediately with small actions like automated savings transfers or debt consolidation. Most people see substantial flexibility gains within 6-12 months by systematically implementing the five strategies, with full transformation typically taking 18-24 months of consistent effort.

Should I pay off all debt before building flexibility in other areas?

Balance is key—aggressively paying high-interest debt above 15% APR while simultaneously building basic reserves and income diversification. Low-interest debt below 7% can actually enhance flexibility when managed properly, so focus on optimization rather than elimination.

How do flexible budgets work for irregular income like freelancing or sales commissions?

Base your flexible budget on rolling three-month average income, adjusting expense percentages monthly. Maintain higher cash reserves (4-6 months versus 3) and prioritize variable costs you can quickly reduce during lean periods while protecting fixed obligations.

What’s the biggest mistake people make when trying to build financial flexibility?

Focusing on only one strategy while ignoring others, typically obsessing over debt payoff while neglecting income diversification or contingency planning. Financial flexibility requires a balanced approach where each element reinforces the others for comprehensive resilience.

Sources

• Annexa. (2025, May 2). “Kieser Unifies Finance With NetSuite.” https://annexa.com.au/case-study/kieser-builds-a-healthier-finance-function-with-netsuite-and-annexa/
• Caro News. (2025, Mar 28). “Millions Of Americans Juggling Side Hustles To Make Ends Meet.” https://caro.news/millions-of-americans-juggling-side-hustles-to-make-ends-meet/
• Complete Controller Client Case Study. (2023).
• Consumer Financial Protection Bureau. https://www.consumerfinance.gov
• Fiveable. (2023). “Financial Flexibility.” Fiveable Me.
• Fundshop. (2025, Mar 24). “Financial Flexibility: Definition, Benefits, and Key Steps.” Fundshop Blog.
• JPMorgan Chase Institute. (2021). “Cash is King: Flows, Balances, and Buffer Days.” https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/institute/pdf/jpmc-institute-small-business-report-exec-summary.pdf
• Mindstream Analytics. (2023). “Avalon Case Study – NetSuite Implementation.” https://www.mindstreamanalytics.com/casestudies/Avalon-Case-Study.html
• NetSuite. (2022, Sept 28). “What Are Flexible Budgets? 4 Best Practices.”
• OneMoneyWay. (2024, Aug 13). “Understanding Financial Flexibility.” OneMoneyWay Blog.
• SDC Executive. (2024, Nov 5). “Almost a Quarter of Small Businesses Have Fewer Than Six Months of Cash Reserves Survey.” https://www.sdcexec.com/sourcing-procurement/financial-management-software/news/22925338/stenn-almost-a-quarter-of-small-businesses-have-fewer-than-six-months-of-cash-reserves-survey
• Small Business Administration. “Manage Your Finances.” https://www.sba.gov/business-guide/plan-your-business/manage-your-finances
• Statista. (2024, Nov 19). “Household Debt-to-Income Ratio U.S. 2024, by State.” https://www.statista.com/statistics/1346026/household-debt-to-income-ratio-by-state-usa/
• Vena Solutions. (2023). “What Is Flexible Budgeting?”
• Wikipedia. “Liquidity.” https://en.wikipedia.org/wiki/Liquidity

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

1. Become a drop shipper

Dropshipping is one of the most straightforward ideas to implement. It allows you to sell things directly to clients without purchasing or keeping stock. It implies that your startup expenses will be low, and you won’t have to spend a lot of money on things that might not sell, lowering your risk. Whatever your passions are, there is undoubtedly a drop shipping business for you. You may earn a few thousand dollars or more every month as a drop shipper.

Signing up with Oberlo is one of the simplest ways to start as a drop shipper. With this eCommerce platform, you may select from millions of goods and begin selling immediately. The procedure is fully automated, and adding new goods is a breeze.

2. Start writing freelance

Consider this one of the top side hustle ideas for you if you enjoy writing! As a freelance writer, you can write on any topic that interests you. Because writing takes time, you’re restricted in how much you can make, depending on how much time you devote to it, but earning an additional $1,000 a month may be as simple as producing one article a week.

Being a freelance writer is another side hustle that may quickly grow into a full-time profession. You can earn thousands of dollars each month working from the comfort of your own home. Of course, you also get to be your boss.

3. Become an affiliate

Affiliate marketing is a terrific method to supplement your income. Several affiliate marketing networks are available to help you locate the ideal combination of items to sell. If done correctly, affiliate marketing may create a lot of money. For example, Adam Energy, a blogger and entrepreneur, consistently earns five figures monthly with affiliate marketing!

Consider carefully the items you wish to promote through affiliate marketing. While you may work as an affiliate marketer for e-commerce companies, becoming a drop shipper for these items may be more profitable.

4. Become an Instagram influencer

One of our favorite side business ideas is marketing influencers. While Instagram is the most popular platform for influencers, anyone may be an influencer on any social media site or even through a blog. You are not required to be in the spotlight if you do not like to be. For example, many pets, such as Nala Cat on Instagram or Tatum on TikTok, may be considered influencers.

You may also apply your understanding of art, fashion, and beauty, culinary talents, and a variety of other skills. Popular influencers include therapists, dietitians, and physicians.

You may monetize your social media accounts using sponsored posts, product sales, acquisitions, and other creative methods. Your number of followers and engagement determines the amount you can ask for sponsored content, so use these Instagram follower growth hacks to grow your following quickly.

5. Start a subscription-based business

There are several ways to begin a subscription-based business and several types of subscription-based companies to choose from. You can generate revenue through the subscription revenue model by charging a recurring fee. You can create a subscription business on Patreon, OnlyFans, and others.  

6. Become a virtual assistant

Consider being a virtual assistant if you enjoy keeping things organized and assisting firms in developing. There is a demand for virtual assistants in various industries and vocations, so whether you are interested in administrative work, social media posting, bookkeeping, being a personal assistant, or anything else, the virtual assistant role is likely to be ideal for you. As with writing, the amount you may make will be limited by the amount of time you have to commit to your side business. You may also quickly transition a virtual assistant’s employment into a full-time position.

You can find virtual assistant jobs on sites like Upwork, but you’ll likely make far more money if you locate your clients.

7. Sell your art

Do you have any creative abilities? Why not try to sell your work? You may take various approaches to make this notion work for you. To begin, websites such as Etsy make it simple for artisans and artists to build a website and sell their work. Whatever media you choose – watercolor, photography, or whatever – you will find an audience willing to buy what you have to offer. Selling your paintings may earn you anything from a few hundred to thousands of dollars every month. You may also commission custom works or participate in events like weddings if you’re a photographer.

8. Start a blog

Starting a blog is arguably one of the simplest things you can do. We propose writing on a specific topic so that you can establish an engaged and interested audience in anything you have to offer. You may even build your own business by combining blogging with affiliate marketing or dropshipping. Your blog may take some time to generate a profit, but you can utilize retargeting advertisements to attract additional visitors and increase sales as your following increases.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Buy and Resell Products on the Internet

How many times have you seen a product on sale at a ridiculously low price that you weren’t interested in? Yes, I began to be fascinated. You may buy these items and resale them for considerably higher prices. Facebook groups and OLX often offer excellent stuff at extremely reasonable costs. It is a straightforward approach to improve your revenue: purchase products and then sell them for a more fantastic price. It is possible to become a reseller of a wide range of items. If you can still afford to make a journey to buy things that aren’t readily available in your city, rapid delivery will be much more successful.

You’ll undoubtedly find someone willing to pay what they’re truly worth. So, get in the habit of mining these sites. Always be on the lookout for anything that can be valuable to you. The intriguing aspect is that you may also try to resale internet names in addition to the apparent (beauty goods, literature, clothing, and shoes).

Some individuals will pay a premium for more accessible addresses for their businesses, and you may become an expert in this field. First, find out what your friends and family need or want to acquire to simplify your life. Then, look for these things on the Internet and, if you find a good deal, buy and resell them, creating a healthy profit margin for yourself.

Take Online Surveys to Make Money Quickly

You know that the customer is the focus of every company. Therefore, such companies started to do research to get a more concrete notion of what the customer likes, needs, wants, and wants a purchased product. 

The objective of the survey is to profile the consumer public and thus create a more effective marketing strategy that wins more customers and keeps them loyal to the brand.

In most conditions, you only need to sign up and wait for the request to reply to open surveys. However, it is essential to remember that you must be available, quick to provide your viewpoint, and honest. After all, businesses don’t want to be impressed; they want to be clear about doing well and where to improve. They can be online or in groups where researchers will monitor you firsthand. Surveys might pay up to $200 depending on the criterion and subject.

Work Writing as an Online Freelancer

If you like to write and speak excellent Portuguese, you can become a freelance writer to earn quick money.

A freelance writer is a professional who produces writings on various topics for publication on blogs and websites. You may accomplish this by contacting the agencies that create material and provide their services directly or by registering on platforms and websites that operate as a middleman between the firm and the copywriter. For individuals who meet the qualifications mentioned above but lack experience, it is best to study the subject on the Internet, join groups on social media, and take the numerous free online courses before applying for a position. Aside from being experienced at what they do and loving, independent writers must adapt their writing to the digital age. Aside from generating quick money, an internet freelance job allows you to operate from home and choose your office hours.

You can invest in this freelance experience when you’re not at your primary job – evenings and weekends. Or you can consider it your full-time job. Many people prefer to be their boss, make their schedules, and look for temporary employment independently.

Earn Fast Money Working as a Virtual Assistant

Virtual assistants help small businesses and entrepreneurs succeed. The role may be performed remotely, eliminating the need to report to an office every day. As a virtual assistant, you may manage social networks, handle administrative and financial activities, produce spreadsheets, provide customer service, provide sales assistance, and operate as a virtual secretary. You can quickly obtain this job on freelance sites. The virtual assistant works flexible hours, and you may accomplish anything from home or any other location with an internet connection.

It is becoming more widespread as businesses modernize and outsource more bureaucratic functions. Almost everything a strong need may be delegated and completed “from a distance.” You may advertise your virtual assistant services in the places you recommend for translation services.

Write or Sell a “Digital Product”

Digital items have grown in popularity, and the Internet has become more prevalent in people’s lives.

What is not physical is referred to as a digital product—for instance, an eBook, an online course, etc. To make quick money with a digital product, produce an eBook on a subject you know and sell it on sites like Hotmart or directly by email, contacting the customer directly.

Write about finance, entrepreneurship, school subjects, weight reduction advice, recipes, courses, or anything that interests you. Aside from the investment in style and content development, an eBook costs almost nothing compared to a traditional book.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

Differentiate Between a Hobby and a Side Hustle

Do you regularly earn money with it? Then you may have to deal with the tax authorities. You must arrange that properly because that can save you money. Or let us do that for you.

Hobby as a Source of Income?

Is your hobby slowly becoming more than a hobby? Do you even regularly earn money with it? The tax authorities will usually quickly consider that there is income, and tax should be levied! Then, a hobby as a source of income is within reach.

You will then become a “result-enjoyer” or an entrepreneur.

Are you an entrepreneur or not? It is an essential question for every self-employed person. And the answer to that question has significant financial implications. If you are an entrepreneur, you are entitled to all kinds of advantageous taxes.

You will then receive obligations, but certainly, as an entrepreneur, also tax benefits.

Source of Income?

If the tax authorities believe you should pay tax, there must be a source of income. That is the case if:

• There is an organization of capital and labor
• Your activities take place in economic traffic
• You aim to take advantage of your activities
• You can expect sustainable profit

That is not the case if your activities are only in the hobby or family sphere. Therefore, do not give in too quickly if your hobby is regarded as a source of income.

Hobby or Source of Income

Selling unnecessary stuff on marktplaats.nl is the most accessible side income. Can you go about your business undisturbed, or do you have to report to the tax authorities?

As soon as the income from your hobby is structurally higher than your costs, the tax authorities will usually state that there is a source of income. The proceeds are then taxed, and you may have to start charging VAT on your sales!

Example one

You sell your stuff on a marketplace or a flea market. These are incidental revenues from selling items not explicitly purchased for sale. It is not a source of income for tax purposes.

Example two

You have a serious hobby, and you spend a lot of time and money on it. You regularly buy stuff for your hobby and sell things that are duplicated or in which you are no longer interested. Due to your expertise, you occasionally recognize a “bargain,” and you usually sell it for a profit.

Your hobby regularly brings in something, but you also incur many costs. The result is negative or modest. The income is too untaxed, and the prices are not deductible.

Example three

You are an art history teacher with exceptional knowledge of antiques. In your spare time, you often visit free markets and the like. You also spend your holidays visiting well-known markets, even abroad.

At first, finding bargains for your home was your hobby. But now, you no longer have room for that. Instead, you buy attractively priced antique objects all year round. Thanks to your expertise, you know the sales channels to sell those objects again at a profit.

This hobby has become a source of income. Therefore, you must state the result in your tax return.

Tip: Start-Up Costs of a Profitable Hobby

Do you have a hobby that got out of hand? Can structural revenues soon be expected that the tax authorities will regard as a source of income? Then, carefully register all start-up costs and save receipts and invoices.

In the first year as an entrepreneur, you may deduct losses from the start-up phase of your company. The start-up phase is five years before the start year as an entrepreneur.

Entrepreneur or Results-Seeker

As soon as the tax authorities state that your hobby has become a source of income, you must pay income tax on the result. It makes a lot of difference whether the tax authorities see you as an entrepreneur or a profit-seeker.

If there is no entrepreneurship but your secondary activities are profitable, you will enjoy “income from other work.” The tax authorities will then know you as a “result-enjoyer.” About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.

There are many methods to build a portfolio. The ideal technique for a specific investment will depend on different factors, including tolerance for risk, time, and the amount of money available to invest.

Defining the Growth

When it comes to investing, growth can be described in various ways. Any growth in account value, such as when a certificate of deposit pays interest on its principle, is considered growth in the broadest terms. However, growth is usually defined as investment returns in the investment world. Growth can come in short and long terms, but don’t be fooled by its charm; be critical when thinking about growth.

Buying and Holding

The most straightforward technique for attaining growth is buying and holding investments, and it may also be one of the most effective over time. The results are that investors who buy stocks or other growth assets and maintain them in their portfolios with relatively modest monitoring are frequently pleasantly pleased. However, people are often weak in holding, which leads them to sell it as they go down, which leads them to lose; people need to understand that such things take time.

Timing the Market

If they can accurately predict the market, those who pay closer attention to the markets or specific assets can outperform the buy-and-hold approach.

This method will provide far more significant returns than merely keeping an asset over time, and it will also require the skill to assess market conditions accurately.

For the ordinary trader who cannot constantly track the market, it may be preferable to eschew timing rather than focus on alternative high-return tactics.

Assortment

This method is usually used in conjunction with the sale strategy. Diversification may minimize or eliminate many distinct forms of risk, including company risk. Several analyses have proven asset allocation to be among the essential elements in market returns, especially over extended durations.

Investing in the Right Sectors

Investors seeking rapid growth should look to industries such as tech, medical, infrastructure, and smaller businesses, which provide better returns in terms of increased risk and instability. In addition, longer hold durations and good investment selection might help mitigate this risk.

DCA, Dollar Cost Average

DCA is a simple investing method most commonly employed with equity funds. A client sets aside a certain amount of money to acquire shares in one or many more mutual funds regularly. Because the cost of the fund(s) fluctuates from one purchase period to the next, the investor can decrease the total cost basis of the shares by purchasing fewer shares when the price gets higher and more issues when the cost is reduced.

As a result, dollar-cost averaging helps the investor to make a more significant profit from the fund over the term. The primary benefit of DCA is that it eliminates the need for investors to bother about purchasing at the high rate of the market or precisely timing their purchases.

Your portfolio can be a space where you can express yourself, amaze future employers, and make your work stand out. However, portfolio websites can be challenging to create.

Where should you start? What work should you include, and what should you leave out? Not to mention the design and coding required to build a portfolio website. Because graphic designer portfolios differ from front-end developers, we’ve included various creative examples to get you started.

Although a few investors are willing to collect income from their portfolios without increasing them, most investors want to see their portfolios grow and expand the eggs in their nest. Overall, these are the best tips around.

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.