Looking for a family getaway that's both tranquil, exhilarating, and affordable? Look no further than North Carolina in March! With gorgeous weather, vibrant wildflowers, and fewer crowds, it's the perfect time to explore all this beautiful state offers. It's essential to plan early so you can get the best rates for hotels and tours. Here's a laid-back itinerary to help you make the most of your trip to the mountains. Five-Day Itinerary for Visiting North Carolina for Spring Break Day 1: Asheville & Biltmore Estate Day 2: Blue Ridge Parkway & Grandfather Mountain Day 3: Outer Banks, Cape Hatteras, or the Animal Farm Day 4: Corolla & Chimney Rock State Park Day 5: Relax & Return Home Day 1: Asheville & Biltmore Estate Morning: Start your day in Asheville, a vibrant city nestled in the Blue Ridge Mountains. Enjoy a delicious breakfast at Early Bird Biscuit, a local favorite known for its fluffy biscuits and homemade jams. Afternoon: Immerse yourselves in the grandeur of Biltmore Estate, America's largest home. Explore the opulent interiors, stroll through the expansive gardens, and learn about the Vanderbilt family's fascinating history. You only need to visit the house once to take it all in, so if you're staying on the estate, I don't recommend the Length of Stay ticket. Evening: Catch a live performance at The Orange Peel, a renowned music venue that showcases diverse genres. Or you can savor a casual dinner at Tupelo Honey, which offers Southern comfort food with a modern twist. Day 2: Blue Ridge Parkway & Grandfather Mountain Morning: If you're staying overnight at Biltmore Estates, partake in breakfast at the Village Social. They're open between 7 a.m. and 11 a.m. for breakfast, so there's no need to get up at the crack of dawn. Then, you can embark on a scenic drive along the Blue Ridge Parkway, a 469-mile route offering breathtaking mountain vistas. Stop at overlooks like Water Rock Knob and Hickory Knob for panoramic views. Afternoon: Visit Grandfather Mountain, a nature lover's paradise. Hike to the mountain's top for stunning views, spot wildlife like elk and bears, and cross the iconic swinging bridge. Evening: Head to dinner at Hemingway's Cuba. They have amazing rooftop views, and the food is top-notch. I loved the tostones and the arroz con pollo on my visit. Biltmore Estate Tour | The Village Hotel Day 3: Outer Banks, Cape Hatteras, or The Animal Farm Morning: After breakfast at the Village Social, drive east to the Outer Banks, a string of barrier islands known for pristine beaches and charming coastal towns. Stop at Hatteras Island and visit the Cape Hatteras Lighthouse, a historic landmark offering panoramic ocean views. Afternoon: Explore the farm on the estate and visit the chickens and sheep. If you have young children, there's also a playground they can enjoy. If you want to soak in the local culture, you can also visit the River Arts District to purchase items from local artists and shops or to find something to eat. If you're vegetarian, you can try the Laughing Seed Cafe. Evening: Head back to your hotel to relax. If you visit the Laughing Seed Cafe, you probably will have enough food for dinner. You can also schedule a Red Wine and Chocolate Tasting back at the Estate. Estate tastings are daily at 1, 3, and 5 p.m. Day 4: Corolla & Chimney Rock State Park Morning: Head north to Corolla, known for its wild Spanish horses. Take a guided tour through the Corolla Wild Horse Fund sanctuary to observe these majestic creatures in their natural habitat. Afternoon: Visit Chimney Rock State Park, which has spectacular views and incredible mountain hiking trails. If you don't want to walk the trail, you can take an elevator to the top. Keep in mind that the roads are narrow, and there are a lot of twists and turns, so if you're afraid of heights or steep hills and declines, you may want to pick a more calm adventure like wine tasting. Evening: Enjoy a wine tasting back at the Village Hotel. Complimentary wine tastings are daily from 12 pm to 7 pm, and you get to try five different wines. We ended up taking home a case for us and a case of Christmas wine for gifts for our family and friends. Day 5: Relax & Return Home Morning: Savor a leisurely breakfast at the Village Social or a waterfront restaurant and soak up the final views of the ocean. Afternoon: Return home, reminiscing about your fun-filled family adventure in North Carolina. See my feature in HavenLife How parents are planning Spring Break this year Tips for Avoiding Crowds: March is still considered shoulder season in North Carolina, so crowds will be smaller than peak summer months. Weekdays are generally less crowded than weekends. Consider staying in smaller towns or villages outside of major tourist destinations. Book your accommodations and activities in advance, especially if you're traveling during spring break. Get up early to beat the crowds at popular attractions. This itinerary is just a suggestion, and you can tailor it to your family's interests and preferences. Remember to relax, have fun, and create lasting memories on your spring break getaway to North Carolina!

Ever feel lost between the stacks of paper and the flood of financial apps? You're not alone! As I delved into financial management and the difference between traditional and digital financial tools, I gathered insights from esteemed industry leaders, including CEOs and founders. They recommend a mix of digital tools for everyday tasks and traditional methods for in-depth analysis, all to build a secure and effective financial plan. From "Tech-Ancient Equilibrium" to "Blending Real-Time Digital with In-Depth Traditional," CEOs and founders share their valuable financial strategies. Balancing Traditional and Digital Financial Management Tools Employ Tech-Ancient Equilibrium Combine Digital Apps with Traditional Banking Adopt a Hybrid Financial Management Approach Blend Real-Time Digital with In-Depth Traditional Employ Tech-Ancient Equilibrium Managing finances is like building a house; sturdy, traditional foundations and innovative digital technology are needed. My go-to method of balance is "Tech-Ancient Equilibrium." I employ digital solutions like apps for everyday transactions, real-time data access, and automation, as well as old-school techniques like regularly reviewing financial statements to gain an in-depth understanding of financial health. These two combined help create a comprehensive and effective financial plan. Abid Salahi, Co-founder & CEO, FinlyWealth Combine Digital Apps with Traditional Banking Balancing modern digital platforms with time-tested traditional financial management tools is essential for effective finance management. My experience as a Sales and Marketing Director in the fast-paced world of forex and trading has taught me the importance of combining these approaches. I recommend leveraging digital budgeting applications alongside conventional banking methods. This combination enables up-to-the-minute tracking of your spending and investments while also benefiting from traditional banks' proven security and dependability. This strategy has made managing my finances much simpler and more efficient, allowing me to make better-informed choices. Tailoring this approach to fit your financial objectives can significantly improve your financial well-being and security. Ace Zhuo, Business Development Director (Sales and Marketing), Tech & Finance Expert, TradingFXVPS Adopt a Hybrid Financial Management Approach Finding the right balance between traditional and digital tools is crucial for effective financial management. A recommended strategy is to adopt a hybrid approach that combines the strengths of both. Start by digitizing and organizing financial documents using scanning apps or devices and store them securely in cloud-based storage or digital filing systems. This allows for easy access and reduces reliance on physical paperwork. Leverage digital tools for day-to-day financial management, such as online banking platforms for monitoring account balances and setting up automatic bill payments. Budgeting and expense-tracking apps can provide insights into spending habits. However, it's important to maintain a balance by incorporating traditional tools where necessary, such as keeping physical copies of important documents or having in-person meetings with financial advisors for personalized guidance. Assess your needs, integrate a combination of tools that work best for you, and regularly review and update your approach to align with your financial goals and technological advancements. Sacha Ferrandi, Founder & Principal, Source Capital Blend Real-Time Digital with In-Depth Traditional In managing finances at Blue Insurance, I have found that blending traditional and digital methods offers the most effective approach. I lean on digital tools for real-time monitoring and transactions—they are incredibly efficient and accessible. However, I value traditional in-depth analysis and planning methods, as they often provide a tangible, detailed perspective. One strategy that works well is setting monthly check-ins using digital tools to track progress and identify trends. Then, I complement this with quarterly deep dives using traditional methods, like printed reports or face-to-face meetings, to strategize and adjust plans. This combination ensures both agility and depth in financial management. Samuel Greenes, Founder, BLUE Insurance of New Jersey What's Next in Your Financial Management? Whether you're a budgeting pro or just starting out, remember that financial management is a journey, not a destination. Don't be afraid to experiment with the strategies you learned here; adapt them to your comfort level and goals. With some planning and the right tools in your traditional and digital toolbox, you can build a secure and prosperous future. If you're still concerned about how to navigate your financial future, schedule a time to connect with us below! ⬇️⬇️⬇️

Scrolling through FinTok (financial TikTok), you're bombarded with seemingly easy hacks to riches – crypto flips, overnight real estate empires, and day trading. But is it all real? As Gen Z navigates today's economic climate (potential recession, rising inflation), separating FinTok fantasy from financial reality is crucial. Here's how to build a solid financial foundation in 2024 beyond the hype. Navigating the Allure of FinTok Understanding the Hype Navigating the Risks Smart Strategies for Investing The Future of Crypto Understanding the Hype: Cryptocurrency: Have you heard of cryptocurrencies like Bitcoin or Ethereum? They're digital money that works differently from traditional currencies. Instead of being controlled by governments or central banks, they use a decentralized system. This means transactions are secured and verified using complex math on a unique digital public ledger called a blockchain. Blockchain Technology: Think of a blockchain as a giant digital record book accessible to everyone. Every cryptocurrency transaction is recorded chronologically in a block, which is then chained together to create a tamper-proof record. Types of Cryptocurrency: Coins are digital equivalents of traditional currencies like Bitcoin or Litecoin. They operate on their own independent blockchains and function primarily as a medium of exchange and store of value. Examples: Bitcoin (BTC), Litecoin (LTC), Monero (XMR) Tokens are digital assets that represent various functionalities or access to specific features within a blockchain ecosystem. They are built on top of existing blockchains like Ethereum. Navigating the Risks: Cryptocurrency is a highly volatile market that experiences significant price fluctuations. Transactions within this market are irreversible, so caution is always advised. It's important to note that regulations surrounding cryptocurrency are constantly evolving. Therefore, it's essential to stay informed about these developments and remain cautious when investing in this market. Considering these factors, you can make informed decisions and minimize your risks when dealing with cryptocurrency. Beware of Common Crypto Scams: Phishing Attacks: Deceptive emails or messages mimicking legitimate platforms trick users into revealing private keys or seed phrases, granting access to their crypto holdings. Fake Websites & Apps: Fraudulent websites or apps designed to resemble real crypto exchanges steal login credentials or lure users into investing in non-existent projects. Pump and Dump Schemes: Scammers artificially inflate the price of a cryptocurrency through false hype, then quickly sell their holdings, leaving unsuspecting investors with plummeting assets. Giveaway Scams: Promises of "free" cryptocurrency in exchange for sending a small amount first are simply ploys to steal your initial investment. Understanding the common scams and hacks, choosing secure platforms, and practicing personal vigilance can significantly reduce your risk of falling victim to these malicious activities. Remember, the crypto space is constantly evolving, so staying informed and exercising caution are essential for protecting your hard-earned digital assets. Smart Strategies for Gen Z: Invest What You Can Afford to Lose: Treat crypto as a high-risk investment, never investing money you need for essential expenses. Start Small & Educate Yourself: Begin with a small investment in a well-established cryptocurrency like Bitcoin or Ethereum. Utilize reputable resources like "Coinbase Learn: https://www.coinbase.com/learn/" to understand the technology. Diversify Your Portfolio: Don't put all your eggs in one basket. Balance your investments with traditional stocks, bonds, and an emergency savings fund. Invest for the Long Term: Crypto is a volatile asset class. Focus on a long-term investment strategy to weather market fluctuations. Beware of FOMO (Fear of Missing Out): Social media often portrays unrealistic gains. Don't chase trends; do your research and invest strategically. The Future of Crypto: Cryptocurrency's future is uncertain, and constant due diligence is crucial for anyone navigating this evolving space. Here are some key points to consider: Uncertainties and Challenges: Regulation: Governments worldwide are still grappling with how to regulate cryptocurrency, which can create uncertainty for businesses and investors. Volatility: The cryptocurrency market is notoriously volatile, with prices fluctuating significantly. This can be risky for those seeking a stable store of value. Security Threats: Cryptocurrency exchanges and wallets remain vulnerable to hacks and scams, requiring constant vigilance and security upgrades. What's Next? Cryptocurrency is a popular investment option for Gen Z that offers significant possibilities for financial growth. However, it is crucial to understand that investing in cryptocurrency is not a guaranteed pathway to riches and that risks are involved. To make informed decisions about cryptocurrency, you should research and understand its risks and rewards. You can also employ smart strategies that align with your financial goals and risk tolerance. These may involve diversifying your investments, investing a small amount initially, and regularly monitoring the market. Moreover, it's essential to prioritize your financial health and only invest what you can afford to lose. Before investing in cryptocurrency, it's also important to have a clear understanding of your financial situation, including your income, expenses, and debts. In conclusion, cryptocurrency can be a valuable investment opportunity for Gen Z if approached with caution and informed decision-making. By understanding the risks involved, employing smart strategies, and prioritizing financial health, you can make the most of the possibilities offered by cryptocurrency.

Saving for your goals, big or small, is crucial for financial stability. But with so many options available, choosing the right savings vehicle can be overwhelming. Enter savings bonds, a simple yet powerful tool backed by the U.S. government, offering guaranteed growth and tax benefits. Savings bonds might not be the flashiest financial tool, but their simplicity and safety make them an excellent option for beginners and experienced investors alike. A Beginner's Guide to Understanding Savings Bonds What are Savings Bonds? How do you buy Savings Bonds? How will Savings Bonds help me in the future? Additional options are available for purchasing Savings Bonds. When can I cash out my Savings Bond? What are the advantages of Savings Bonds? Here's a beginner's guide to understanding and utilizing savings bonds: 1. What are Savings Bonds? Think of savings bonds as loans you make to the government. You purchase them at a discount (e.g., $25 for a $25 bond), and they earn interest over time, eventually reaching their full face value. Two main types exist: Series EE: Earn a fixed interest rate, currently 0.5%, guaranteed for at least 20 years. They double in value after 20 years if held that long. Great for long-term goals like retirement. Series I: Earn interest tied to inflation, protecting your purchasing power. Rates adjust every six months, currently yielding 3.54% (as of November 2023). It is ideal for shorter-term needs or hedging against inflation. Earn a variable rate based on inflation, protecting your purchasing power. 2. Buying Savings Bonds for Yourself So, how do you get your hands on these government-backed savings tools? Here are the different ways: Where: Purchase them electronically through TreasuryDirect, the official U.S. government website. You can buy them at some financial institutions and through your tax refund (details below). Minimum purchase: $25 Maximum purchase: $10,000 per year per bond type (individual) Benefits: Safe investment, guaranteed interest, tax-advantaged (for Series EE under certain conditions) 3. Saving for Your Child's Education with Savings Bonds: Savings bonds are fantastic gifts for children's education! You can purchase them in their name, and the interest earned helps fund their future studies. So, whether you're saving for your future or your child's education, savings bonds offer flexibility: For Yourself: Use them for retirement planning, a down payment on a house, or any long-term goal. As a Gift: Purchase bonds in your child's name as gifts. They'll gain ownership when they reach 18. Tax benefits: Consider Series EE bonds purchased before your child turns 18. The interest earned may be exempt from federal income tax if used for qualified education expenses. Motivation: Help your child understand saving and investing with a tangible bond they can track. 4. Buying Savings Bonds with Your Tax Refund Gone are the days of paper certificates. Here's another way you can buy savings bonds today: Direct allocation: When filing your tax return (Form 1040), allocate part of your refund to purchase Series EE bonds electronically. Convenience: It's an easy way to automatically save a portion of your refund. Limits: The maximum allocation is $5,000 per year. 5. Maturity Periods: Knowing When to Cash Out Each bond has a maturity date – the point where it reaches its full value. Series EE: Bonds mature after 30 years, but you can cash them after one year. Early cashing incurs a penalty of 3 months' interest. Series I: Bonds earn interest for 30 years, but you can cash them anytime without penalty. Bonus Tip: Keep an eye on interest rate changes for Series I bonds. If rates drop significantly, consider holding off on cashing out to maximize your earnings. 6. The Advantages of Savings Bonds Remember: Savings bonds are not high-growth investments, but they offer several advantages: Safety: Backed by the U.S. government, minimizing risk. Accessibility: Affordable minimum purchase and convenient online buying. Tax benefits: Potential federal tax exemption for Series EE under specific conditions. The Takeaway Savings bonds offer a safe, accessible way to grow money while supporting the government. With minimal risk and various purchase options, they're perfect for beginners and can be tailored to different financial goals. So, consider adding a touch of financial security and patriotism to your portfolio with a savings bond today! Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult a financial professional for personalized guidance.

Teaching your children about family finances will benefit them presently and in the future. Understanding finances can enable children to develop a positive money mindset and habits as they mature. Explaining the family budget, letting them know about your financial goals, and asking them if they have any questions lets children know that it's okay to talk about money openly. The Family Budget Opening your monthly budget tracker and showing your children your income and expenses may seem daunting. However, once your monthly budget is complete, a sense of relief can open up communication lines. Your child may see the income first and be surprised at the amount of money you show them but don't stop there. Review the monthly expenses with your child; they will see a decrease in available funds. This can be a wake-up call to your child and educate them that there is a cost to everything. It may also uncover some unanswered questions that lingered in their mind. See my feature in Conversations To Have Once Your Teen Starts Earning Money. Prepare Your Children for Generational Wealth Goal Review You may have additional funds available now that the budget has been reviewed. It may be helpful to discuss your financial goals with your child so that they understand that this is not "leftover money." This can also be a method of instilling goal-setting into your child's life. Setting goals around money sets a sense of purpose for saving and earning money. Saving to save may not have the same value as saving for a purpose. Ask Questions Creating a dialogue around money lets your children know that discussing money is okay and encourages meaningful family conversations. You can ask your child if they have any money-related questions to continue the conversation. If you don't have the answer to their questions, you can let them know that. It can be a learning moment for everyone and enable you to improve how you manage your family's finances. Teaching your children today can set the foundation for their financial decisions throughout their lifetime. See Warren Buffet's 6 tricks to teach kids about money. Explore Financial Literacy Through Books Reading books about money can be an excellent way to introduce financial literacy to children. It can help them understand the value of saving, the importance of budgeting, and the consequences of overspending. Books can also provide a fun and engaging way to explore financial concepts that might seem daunting or boring otherwise. By reading about characters who make smart financial decisions, children can learn to make better choices in their own lives. Check out these three books to begin the journey today!

If you're an aspiring entrepreneur looking for financial planning advice, you're in the right place. We've compiled thirteen pieces of advice from co-founders, CEOs, financial advisors, and other experts in the field. This article covers a range of topics, from understanding the important concept of opportunity cost and value to embracing the runway concept. These tips will provide valuable insights if you're in the early stages of planning your business or about to launch. Financial Planning Tips for Entrepreneurs Understand Opportunity Cost and Value Avoid Debt, Grow Organically Manage Your Cash Flow Start Early, Track Finances Establish an Emergency Fund Set Clear Financial Objectives Invest Intelligently in Your Business Make Wise Strategic Choices Create a Comprehensive Business Budget Hire a Financial Professional, Manage Taxes Prepare for Higher Costs and Delays Choose a Scalable Financial Platform Embrace the Runway Concept Understand Opportunity Cost and Value Know your numbers by heart and be able to simulate scenarios as quickly as possible! If you are starting your own business, it is very critical to understand the opportunity cost associated with everything you choose to do. This means you should consider whether you should choose Option X or Y at that point and under your specific circumstances. When you are choosing from your options, deeply understand what you are paying for, what the incremental effort that needs to go in is, what happens if you don't make a decision at all, and, of course, what is the best and worst that can happen to you and your business. Also, when investing in various tools to help your business grow, understand the value you are getting for the price you pay. Start with tools with no contracts, an affordable pricing range, and, of course, specially designed for small businesses like ours. Kishlaya Sharma, Co-Founder and CEO, Bling Avoid Debt, Grow Organically Do whatever you can to avoid debt. Starting a small business is stressful in and of itself. Starting a small business in the red adds an incredible amount of stress—cash flow as much as you can, whether that's from personal savings or secondary income. If you have to borrow money, borrow the least amount you need to keep the business going. Your company does not need to start with the vision you have for it ten years from now. Start with the basics and grow organically by saving for upgrades and additional costly services. This also allows for marketing opportunities as you launch the new services. You'll be thankful you followed these tips when the going gets tough (and, boy, can the going get tough). Alissa Price, Chief Business Officer, Regen IV Wellness Manage Your Cash Flow From my experience as a CEO, my advice to future business owners is, "Keep a close eye on your cash flow." Cash is the lifeblood of any enterprise. There will be a delay between the money you spend on inventory or services and the revenue you receive. This can lead to a cash crunch if not appropriately managed. Therefore, it's critical to track and analyze your cash flow regularly. It's like the fuel gauge in a car; you've got to keep an eye on it if you want the journey to be free of sudden stops. Abid Salahi, Co-Founder and CEO, FinlyWealth Start Early, Track Finances Don't wait, get started! Make time to work on your business, whether early mornings, lunch hours, evenings, or by taking PTO. Nothing good comes easy. Track expenses and hours spent on key activities, and don't quit your job until you're consistently producing enough revenue to replace your current salary. If taking a pay cut isn't a concern, consider tracking your progress by how well you're keeping up with demand for your product or service. Are you turning down business or orders because you're at capacity, or do you experience lulls where your time can be spent on marketing activities? Having at least six months of living and business expenses in a high-yield savings account would be wise. If you own a home, it could also be wise to open a home equity line of credit (HELOC) to access lower-interest debt and avoid higher-interest debt solutions like credit cards in emergencies. Only borrow for expansion, not to pay yourself. Morgan Jaros, Financial Advisor, Royal Private Wealth Establish an Emergency Fund My number one suggestion with financial planning is to ensure you have an emergency fund before venturing down the path of small-business ownership. We should use an emergency fund to cushion against potential lean times, like cash flow shortfalls or the need to pay unexpected and unbudgeted expenses. Having this cushion can help keep your finances afloat during those tough times without putting your new venture at risk. Adam Fayed, CEO, AdamFayed.com Set Clear Financial Objectives One mistake I made early on was not setting clear, time-bound financial objectives. In our initial years, we faced unexpected challenges, primarily when investing in specialized equipment like desiccant bags and thermal insulation blankets. Had I set specific financial milestones with timelines, it would've provided clearer direction and better resource allocation. So, based on my journey, I'd advise anyone looking to start their own venture to always set financial goals with explicit deadlines. It helps prioritize your spending and gives you a roadmap for growth and expansion. Sandra Malouf, President, Eurolog Packing Group Invest Intelligently in Your Business One piece of financial planning advice that I would give an up-and-coming entrepreneur is to invest in their business. Everyone tells you to do it, but they don't tell you how to do it properly. You can't just throw money at a random aspect of your business and hope it will make you long-term profits. You have to do it intelligently. Research and planning are key steps in this process. You need to determine what aspects of your company would most benefit from investment. Some companies, like those dealing with soft drinks, benefit from extensive marketing and brand recognition. Others, like the cannabis businesses we work with, benefit from better bookkeeping, efficient cultivation, and logistical support. Knowing when and where to invest in your business can mean the difference between a flop and a success. Lorenzo Nourchan, CEO, Northstar Financial Consulting Group Make Wise Strategic Choices My top financial tip for new entrepreneurs is to invest wisely in your venture. This doesn't just mean putting money into the business; it's about making strategic choices that propel growth and align with your long-term vision. Before splurging on the latest equipment or hiring a team, do thorough research to ensure a potential positive return on investment. And don't go it alone—getting advice from a financial advisor can be invaluable. Tobias Liebsch, Co-Founder, Fintalent.io Create a Comprehensive Business Budget One critical piece of financial planning advice for someone planning to start their own business is establishing a well-structured business budget. A comprehensive budget should encompass both startup costs and ongoing operating expenses. Identify all the necessary expenditures, from office space and equipment to marketing and employee salaries, and allocate funds for unforeseen expenses or contingencies. A clear budget helps you understand your business's financial requirements and ensures you don't overspend or underestimate the resources needed to keep your venture afloat. Another essential aspect of financial planning for a new business is to secure adequate capital. This could come from personal savings, loans, investors, or a combination of sources. Ensure you have a solid financial runway to cover initial expenses and sustain your business until it becomes self-sustaining. Lee Hemming, Sales Director, ABC Finance Limited Hire a Financial Professional, Manage Taxes If you want to start a business, tax planning becomes much more difficult. If you hire a skilled, certified public accountant (CPA) or other financial professional to help you with your business and do your tax planning and preparation, you will not only have more time, but their knowledge may also help you pay less in taxes. When thinking about the costs of starting a business, remember that you may get certain tax breaks as a business owner. You can reduce ordinary business costs (normal and accepted in your trade or business) and necessary (valuable and suitable for your trade or business). There are specific rules, exemptions, and limits for tax deductions on many of these expenses. These benefits can be figured out with the help of a tax expert. If you're unsure how to maximize your qualifying business costs or how much to pay in estimated taxes so you don't get stuck with a hefty bill or overpay the federal government, a CPA can help you. Lyle Solomon, Principal Attorney, Oak View Law Group Prepare for Higher Costs and Delays Success will cost five times the money you expect and will take much longer than expected. Be prepared to bankroll this project for years beyond your estimated break-even date. If you are not prepared to see this through until the business succeeds and can sustain itself from revenues, you'll likely lose a lot of time and money. However, if you can find a way to persevere through the early stages of this business, it's an incredibly rewarding process both from a personal satisfaction and monetary point of view. Scott Sidders, Co-Founder, Scott & Yanling Media Inc. Choose a Scalable Financial Platform My advice is to factor in scalability when deciding which financial platform to use. As your operations expand, you'll need your tools to cope with increased transactions, potentially in different currencies. Keep up with data-tracking and compliance issues, which may get increasingly complex. So, you don't want to outgrow your initial decision and have to migrate to another platform as your business evolves. In my opinion, it's important to get these early decisions right. Katharine Gallagher, Founder, Personal and Professional Growth, katharinegallagher.com Embrace the Runway Concept Embrace the runway concept. Before taking off, an airplane needs a sufficient runway, and similarly, before your business gains altitude, you'll need financial reserves. Calculate your estimated operating costs for at least 6-12 months, including personal expenses, and ensure you have that amount as a safety net. This runway gives you the breathing room to navigate initial challenges, make iterative improvements, and avoid desperate decisions driven by short-term cash crunches. Remember, it's not just about launching but sustaining and soaring. Alex Stasiak, CEO and Founder, Startup House

Dollar stores such as Family Dollar and Dollar Tree have been hailed as saviors for underserved communities across the United States, providing affordable access to essential goods. However, their proliferation has brought to light a complex reality that is far from convenient. Rather than being a boon, the increase in these stores has worsened existing food deserts, putting the health and well-being of residents at risk. As a resident of one such food desert, I've witnessed firsthand the impact of dollar stores on my community. With their limited selection of fresh produce and abundance of processed snacks, these stores have become the primary source of groceries for many families. I've seen grocery carts overflowing with chips, sodas, and packaged goods, leaving little room for the fruits, vegetables, and whole grains essential for a healthy diet. The Impact of Dollar Stores on Food Deserts Limited Selection of Nutritious Food The Erosion of Grocery Stores A Vicious Cycle of Malnutrition The Need for Alternative Solutions How to Find Healthy Food When You Live in a Food Desert The Limited Selection of Nutritious Food Dollar stores are often advertised as affordable, with low prices for everyday items. However, this affordability comes at a cost. Dollar stores usually have a limited selection of fresh produce and instead prioritize selling processed foods, sugary drinks, and non-perishable items with high profit margins. This imbalance in nutritional options contributes to health issues such as obesity, heart disease, and diabetes, which are more prevalent in low-income communities. As I visited my local dollar store, I came to a personal realization about the issue of unhealthy food choices. The overwhelming presence of processed foods in shoppers' carts caught my attention. Children were seen holding bags of chips and candy while their parents' carts were loaded with packaged ramen noodles and sugary cereals. The absence of fresh produce was clearly noticeable, highlighting the lack of nutritional value in the food choices made by the customers. It was a devastating realization for me. I always believed that dollar stores benefited my community by providing affordable groceries to those in need. However, I now understand that their presence contributes to the problems they were supposed to solve. See my feature in GoBankingRates How Walmart is Winning Over Millennial Grocery Shoppers The Erosion of Grocery Stores The presence of dollar stores can be linked to the decline of traditional grocery stores in areas lacking access to fresh, healthy food, also known as food deserts. Grocery stores are vital in providing nutritious food, especially in underserved areas. However, they often face challenges in operating profitably in these communities due to factors such as lower customer density and higher operating costs. The entry of dollar stores further reduces their market share, making it increasingly difficult for grocery stores to sustain their operations. A Vicious Cycle of Malnutrition With the disappearance of grocery stores, people living in food deserts have limited options for accessing fresh and healthy food. This lack of access to nutritious food contributes to a cycle of poor health, which can hinder economic development and perpetuate poverty. Moreover, the absence of healthy food choices disproportionately affects children who are particularly vulnerable to the effects of malnutrition and diet-related health problems. The Need for Alternative Solutions The presence of dollar stores in food deserts is not a solution to the problem of food insecurity; it is a symptom of a deeper issue. Instead of relying on these retailers to provide essential food supplies, communities need to focus on developing sustainable solutions that address the root causes of food deserts. These solutions may include: Supporting local farmers markets and community gardens to increase access to fresh produce. Encouraging grocery stores to operate in underserved areas through tax incentives or other forms of support. Investing in public transportation to improve access to grocery stores located outside of food deserts. How To Find Healthy Food When You Live in a Food Desert Empowering Communities To address the issue of food deserts, a comprehensive approach is needed that empowers communities to take charge of their food systems. This can be achieved by building partnerships between local organizations, government agencies, and residents. By working together, communities can develop effective strategies that encourage healthy eating habits, support local food producers, and ensure everyone can access nutritious food. The presence of dollar stores in food deserts is not a solution but a problem. By prioritizing sustainable solutions that empower communities to take control of their food systems, we can break the cycle of food insecurity and pave the way for healthier, more equitable communities.

Unlocking the secrets to effective spending can be a challenging task. That's why I reached out to thirteen visionary entrepreneurs, CEOs, and experts to share their proven strategies with you. From the innovative "Treasure Hunt Tactic" to the transformative "Circular Budget" approach, these leaders have successfully managed their finances through diverse and unique approaches. Let their insights inspire you on your journey to financial management success. Unique Methods to Control Your Spending Implement the "Treasure Hunt Tactic" Unsubscribe from Sales Emails Try the "Cash Envelope System" Use the "Investment Value Check" Don't Checkout Without a Need Prioritize Physical Cash for Expenses Set a Weekly Cash Limit Treat Credit Cards Like Cash Visualize Expenditures in Work Hours Uninstall Shopping Apps and Limit Social Media Implement the "Treasure Hunt Tactic" I once tried a method I called the "Treasure Hunt Tactic." Before deciding to purchase an item, I would turn my home into a sort of archaeological site, digging deep into closets, drawers, and storage boxes to find something I already owned that could serve the same purpose as the new item I was considering buying. This method had a dual benefit: it not only prevented unnecessary purchases but also helped me rediscover and make use of items that had been long forgotten, buried in the corners of my home. Did it work? Yes, it was a successful strategy for saving money and revitalizing neglected treasures! Abid Salahi, Co-Founder, FinlyWealth Unsubscribe from Sales Emails One of the most effective methods I've used to control my spending is to unsubscribe from all marketing- and sales-related emails. For years, my inbox was full of brand deals, coupons, online sale promotions, and similar emails that encouraged me to spend. This is the case for many people, and it can be tempting to pull out your credit card and shop online when you're bombarded with so many deals. Take an afternoon and hit "unsubscribe" on as many retail-related emails as possible. Out of sight is truly out of mind for your inbox, and this is a very effective way to reduce temptation and online spending. Tom Blake, Founder, This Online World Try the "Cash Envelope System" One unique method to control spending I've learned through my years of work in the finance industry is implementing the "cash envelope system." Allocate a specific amount of cash to different spending categories, such as groceries, dining out, entertainment, and transportation. Place these funds in separate envelopes labeled with the respective category. Once the cash in an envelope is gone for the month, you cannot spend any more in that category until the next month. This tangible approach makes you aware of your spending limits and encourages thoughtful consideration before making purchases. It's an effective way to curb impulse spending, stay within your budget, and gain better control over your finances. Lee Hemming, Sales Director, ABC Finance Limited Use the "Investment Value Check" In my journey to financial discipline, one method that has been particularly effective in controlling my spending is the "Investment Value Check." Before making any significant purchase, I take a moment to calculate how much that money could potentially grow if invested over ten years. Using average market returns as a benchmark, I project the potential growth of that sum. For instance, before buying a new barbecue or the latest tech gadget, I think, "If I were to invest this $1,000 now, in 10 years, it could be worth $2,000 or more, thanks to compound interest." This reframing helped me to shift my perspective from the immediate gratification of the purchase to the long-term value of financial growth. Domenico Trimboli, Freelancer and Business Owner, Domenicotrimboli.com Don't Checkout Without a Need Cute items are all over social media, and before I know it, they often end up in my Amazon cart. However, I have a rule that helps me avoid making impulse purchases: I don't check out unless I have something I need in my cart. Recently, my tea kettle broke. As someone who drinks tea from sunrise to sunset, I needed a new kettle. I headed to Amazon and selected one, but then it was time to review what was in my cart. Those adorable planters? Deleted. I would have put them in a closet rather than planting something. By refusing to check out until I need something, I greatly reduce my impulse buying. As a fun bonus, I also save on shipping, which means there is always enough in the cart to qualify for free shipping when I need something in two days. Beverly Gearreald, Owner, Live Fearless Mentoring Prioritize Physical Cash for Expenses When I quit my full-time job and jumped fully into my first business, I quickly discovered that funds were much tighter than they were with my cushy 9-to-5. I spent the first six months on an extreme budget to combat this. My partner and I managed our monthly budget in cash (subtracting from this our rent and some subscriptions) and used that for all expenses. You could certainly just meticulously track your credit card spending, but I found that having the physical cash and seeing it dwindle as the month wore on was an extremely effective tool to encourage me to spend less on frivolities and think twice about purchases. Kristine Thorndyke, Founder, Test Prep Nerds Set a Weekly Cash Limit One unique method I've used to control my spending is setting up a weekly spending limit in cash. I withdraw a fixed amount of cash at the beginning of each week, and that becomes my budget for all non-essential expenses like dining out, entertainment, and shopping. Once the cash is gone for the week, I can't spend any more until the next week. This method works effectively because it provides a tangible way to track and limit discretionary spending. It makes me more conscious of my expenses and helps me prioritize spending on what truly matters. Additionally, it prevents impulse purchases and encourages better financial discipline. Jay Toy, General Manager, 88stacks Treat Credit Cards Like Cash I treat my credit cards the same as cash. As soon as I swipe my card, I make a payment to it for that amount. It's super easy with my phone app and keeps me from ever carrying a balance. It's a huge benefit for building credit, earning rewards, and taking advantage of their fraud protection features. Christopher Olson, General Partner, Southern Bay Realty Visualize Expenditures in Work Hours A technique I've seen to keep spending in check is using a visual cue: for every purchase you're considering, equate it to the number of hours you'd have to work to afford it. For example, if you're eyeing a new pair of shoes that costs $100 and you make $20 an hour, ask yourself, "Are these shoes worth five hours of my work?" Visualizing expenditures in terms of time rather than just money can add a new perspective, making one think twice before making a purchase. For many, this shift in thinking has been a game-changer in assessing the true value of their potential purchases and reining in impulsive buys. Alex Stasiak, CEO and Founder, Startup House Uninstall Shopping Apps and Limit Social Media One unique method I employed to control my spending was uninstalling all my shopping apps from my smartphone. This decision aimed to reduce the temptation of impulse buying, especially during moments of boredom or stress when online shopping can be all too convenient. Additionally, I minimized my time spent on social media platforms, as they often contain advertisements and promotions that encourage unnecessary spending. Instead, I focused on cooking at home and watching K-drama during my free time. This saved me money, improved my culinary skills, and provided an enjoyable and cost-effective way to unwind. These changes helped me exercise better control over my spending by reducing exposure to shopping triggers and encouraging more mindful financial choices. Phoebe Mendez, Owner, Pinay Mama What tried and true methods have worked for you? Share below in the comments.

As a parent, you want the best for your children, and it's natural to want to help them succeed. However, as your children become adults, it can be challenging to navigate the transition from providing financial support to allowing them to fend for themselves. It's important to consider factors such as their age, their level of self-sufficiency, and their career prospects when deciding how much financial support to provide. At the same time, it's essential to encourage independence and foster financial responsibility among your adult children. With open communication and mutual understanding, you can help your children succeed while also maintaining your financial stability. Tips to Stop Supporting Your Adult Children Financially Have a Conversation Set a Deadline Reduce Your Support Gradually Offer Other Types of Support Be Patient Have a Conversation As a first step, it's important to have an open conversation with your adult child regarding your financial expectations. You can start by expressing your pride in their achievements and emphasizing your desire to see them succeed. However, it's equally important to let them know that you can no longer provide financial support. Be honest and direct in your approach while also conveying your understanding and support for them. Set a Deadline It's helpful to set a deadline for when you will stop providing financial support after having a conversation with your child. This allows them time to prepare and make necessary budget adjustments. If you see that they are continually pushing that deadline or not making progress take the time to inquire about what's hindering their progression, so they know you are serious about your support ending. Reduce Your Support Gradually If you're currently providing a lot of financial support to your adult child, it may be helpful to reduce your support gradually. By gradually reducing your financial assistance, you give your adult child time to adjust to the change and start developing their own financial planning skills. This can help them take control of their finances and become more self-sufficient in the long run. Offer Other Types of Support Just because you're no longer supporting your adult child financially, it doesn't mean you can't still help them succeed. There are various ways you can offer support, including but not limited to, emotional support, practical advice, or helping with job searches or other important tasks. Emotional support can come in the form of being a listening ear, providing words of encouragement, or even just spending quality time together. Practical advice can range from anything to do with finances, relationships, career, or education. For instance, you can offer guidance on how to create a budget or how to network effectively. Additionally, you can use your own experience to provide valuable insight into the job market or offer tips on how to improve their resume. By providing support in these various ways, you can help your adult child navigate through the challenges of adulthood and ultimately succeed. Be Patient Transitioning to financial independence can be a challenging process for many adult children. As a parent, it's important to understand that this may take some time and require patience and support. Here are some additional tips for couples who are struggling to stop supporting their adult children financially: Don't feel guilty. It is normal to feel guilty about cutting back on financial support for your adult children. However, it is important to remember that you are not responsible for their financial well-being. They are adults and it is their time to learn how to support themselves. Don't give in to emotional blackmail. Your children may try to guilt-trip you into continuing to provide financial support. Don't give in. Remember that you are setting a boundary for their own good. Be prepared to say no. It is important to be prepared to say no to your children when they ask for money. If you keep giving in, they will never learn to be financially independent. Stopping financial support for your adult children can be difficult, but it is important to remember that it is in their best interest. By following these tips, couples can make the transition easier.

Do you find yourself facing financial difficulties with no clear solution in sight? I've consulted financial coaches and business leaders to compile a list of the top personal finance books for beginners. With titles like Your Money Or Your Life, Surviving Debt, and The Total Money Makeover, these books offer valuable insights and guidance to help beginner readers learn how to manage their finances effectively. As an Amazon Associate, I earn from qualifying purchases. Best Personal Finance Books for Beginners Your Money Or Your Life by Vicki Robin Surviving Debt by National Consumer Law Center The Mountain is You by Brianna Wiest Nickel and Dimed by Barbara Ehrenreich The 80/20 Principle by Richard Koch I Will Teach You to Be Rich by Ramit Sethi Rich Dad Poor Dad by Robert T. Kiyosaki The Psychology of Money by Morgan Housel Money, A Love Story by Kate Northrup Broke Millennial by Erin Lowry You're So Money: Live Rich Even When You're Not by Farnoosh Torabi The Total Money Makeover by Dave Ramsey 1. Your Money Or Your Life by Vicki Robin This is an oldie but goodie when it comes to evaluating the true "hourly rate" from your job and what additional costs you may incur from your work, such as commuting, health, de-stressing activities, etc. This helps to put your work into perspective, consider other jobs that may have a higher "hourly rate," and also use this hourly rate to reconsider the items you may want to buy (or not) given the true "cost." The end goal is to save for early retirement, in which you are able to stop working when you are healthy and happy and satisfied with what you have. - Kristine Thorndyke, Test Prep Nerds 2. Surviving Debt by National Consumer Law Center Surviving Debt was published by the National Consumer Law Center and provides helpful advice for various debt situations. You can find ways to establish a budget, prioritize debts, respond to debt collectors, and know how to avoid and identify scams. Surviving Debt also provides valuable tools and resources to help you get out of debt, including sample debt response letters, bankruptcy resources, and agencies you can contact to find additional help. - Annette Harris, Harris Financial Coaching 3. The Mountain is You by Brianna Wiest The Mountain is You, by Brianna Wiest, is a fantastic book that can help you look within to determine how you can deal with financial challenges in your life. Oftentimes, "the mountain" is a symbol of the big challenges we encounter in our lives, especially ones that seem insurmountable. Almost always, problems with finances seem impossible to figure out. To overcome these mountains, we actually have to do the deep internal work of understanding how we got ourselves into our current situation. Ultimately, it is not the mountain that we conquer but ourselves. - Jonathan Zacharias, GR0 4. Nickel and Dimed by Barbara Ehrenreich Nickel and Dimed by Barbara Ehrenreich is a great book for young people learning about finances and adults seeking better financial practices. It's a classic book that can help build a good foundation for monetary practices or lead to someone reassessing bad habits. While there are more specialized books for businesses, investments, and retirement packages, this book is a great place to start. - Rob Bartlett, WTFast 5. The 80/20 Principle by Richard Koch The 80/20 Principle: The Secret to Achieving More with Less by Richard Koch is a book I recommend to anyone who is facing financial problems on an ongoing basis. The premise is that 80% of all our results in business and life come from 20% of our efforts. Individuals who follow this principle tend to do well in their personal and professional lives. The key is to focus on factors in life that we can control and put our energy in the right places. - Jorge Vivar, Mode 6. I Will Teach You to Be Rich by Ramit Sethi "I Will Teach You to Be Rich" by Ramit Sethi is one of my go-to recommendations for financial health how-to. The book breaks down financial literacy into simple steps and best practices. It has an emphasis on aligning your priorities and financial means and designing a sustainable system rather than simply trying to abstain from spending. Rather than shame spenders, Sethi shames financial institutions that seek to fleece consumers and make the process confusing, outlines some more client-centric companies, and lays out simple strategies to be smarter about money, pay down debt, manage bills, and invest for the future. - Carly Hill, VirtualHolidayParty.com 7. Rich Dad Poor Dad by Robert T. Kiyosaki "Rich Dad, Poor Dad" by Robert T. Kiyosaki. It is a great book on how to develop financial intelligence. What's more, it advocates the importance of financial literacy. What I really appreciate is that the book doesn't give you ready-made solutions. It rather provokes thought, encourages self-analysis, and guides you. Thanks to that, you can reshape your attitudes towards money. Very inspiring, insightful, and written in a "nice-to-read" manner. - Agata Szczepanek, MyPerfectResume 8. The Psychology of Money by Morgan Housel The Psychology of Money by Morgan Housel is an excellent investigation into further understanding human behavior and money. The success of this book is the deep dive into the human psyche and gaining further insight. Into why your mood can increase and decrease spending habits. Lastly, if financial problems are a struggle, get to the root of why you spend and shift your thinking. An incredible book that opens opportunities for enlightenment and improving your financial state. - Yooseok gong, Ohora 9. Money, A Love Story by Kate Northrup Many good books are on the market, and those with practical advice are helpful. However, I think you must get to the root of the problem before you solve your financial woes. The root is your relationship with money. For that, a good place to start is reading "Money, A Love Story: Untangle Your Financial Woes and Create the Life You Really Want" by Kate Northrup. This is a great book because the author doesn't judge you. She paid off thousands in debt herself. Often, practical books leave you feeling like you can't get there from here, but this book leaves you with the feeling that the author understands you. She can guide you out of your financial mess with doable solutions you can implement now. - Steve Mascarin, Taunton Village Dental 10. Broke Millennial by Erin Lowry Millennials are often defamed for having poor financial habits. Therefore, the book Broke Millennial: Stop Scraping by and Get Your Financial Life Together is the best one to help you solve your financial riddles. This book was published in 2017, and it's about personal finance written by a millennial for millennials. It has been seen that people are saddled with student loan debt, and encountering an economy where gigs are in and lifetime employment is out; it's difficult to blame them. The author of this book, who kick-started as a financial professional, wrote a blog of the same name and made videos for a famous YouTube channel. - Shivanshi Srivastava, PaydayLoansUK 11. You're So Money: Live Rich Even When You're Not by Farnoosh Torabi This personal finance book by Farnoosh Torabi is written in humorous language that is easy to follow and ensures better comprehension of the different personal finance concepts the author introduces in the book. I love this book because it is practical and offers realistic steps to reducing your debt level, budgeting your income, saving, and investing. She captures the readers with her excellent narration and her experience as the best teacher. - Mehtab Ahmed, LoansJury 12. The Total Money Makeover by Dave Ramsey The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness Financial problems can only be resolved when you have a blanket solution that works on every level. Unless you put such a comprehensive solution to work, there will always be leaks in your financial boat. This book from Dave Ramsey gives you the right plans, helps you unravel myths, and nudges you to take practical action to make your personal financial position stronger. From showing you how to work towards living a debt-free life to teaching you just how you can build a growth-oriented financial future with the resources you have at hand, this book does it all. - Riley Beam, Douglas R. Beam, P.A.

The holidays are a time for cheer and gathering with your friends and loved ones. It's also a time for gift-giving with family, friends, and coworkers. However, it can also be a time of year when people feel stressed about their finances. Whether you're participating in a gift exchange, a white elephant party, or just shopping for that special someone, here are a few gift ideas to keep your budget on track. As an Amazon Associate, I earn from qualifying purchases. 1. Amazon.com $25 Gift Card in a Gift Box Reveal An Amazon gift card is the easiest option for the hard-to-shop person in your life. You can preset your spending limit and know that your purchases will not be regifted in the future. Gift cards can come from Amazon, a favorite retailer, and restaurants. We all have to eat. 2. Electronics The most popular electronics are the Playstation and the Nintendo Switch. These items can cost between $400-$800 and up. You can keep your budget on track by purchasing an Amazon Fire Stick that can be used anywhere. This is the perfect gift if you have a friend or family member who loves to travel. As long as the location has a WiFi signal, they can watch their favorite shows anywhere! This is an ideal gift to binge-watch the latest episode of The Sinner. 3. UBeesize 10" Selfie Ring Light with 50" Extendable Tripod Stand & Phone Holder Many ring lights are available now, ranging from $30 to $100 and up. The UBeesize ring light is affordable and lightweight and enables you to adjust the lighting with the click of a button. It's also very sturdy and can be moved to any room in the house or even used outdoors. This is one of my favorite purchases and holds steady after months of use. 4. Beauty and Grooming Items Do you have a bearded person in your life? You know that it takes time to care for and maintain a beard if you do. The Zeus beard kit is perfect for the bearded individual in your life. The oil included has rave reviews and has been mentioned to have kept the skin underneath the beard moisturized. It comes in different scents and is sulfate and paraben-free. 5. Pet Supplies Dogs poop. So, if you have a friend, family member, or coworker who has a dog, help them pick it up with the Certified Home Compostable Dog Waste Bags. They'll thank you later. These bags come lavender-scented or unscented and are leakproof, guaranteed. You will be thanked for that, too. 6. Crocs Crocs come in all styles, colors, sizes, and accessories are available for Crocs now. Crocs are worn by people of all ages and are no longer worn in the yard or around the house. They are versatile, can go with any outfit, and can be found for under $50. Crocs are a perfect gift for a fashionista, yoga enthusiast, or trailblazer. 7. Miscellaneous Fun Items! Are you still struggling to find that perfect gift? Here are a few miscellaneous items for those special people in your life. New Baby Gift for Parents Grandpa Keychain Dad Keychain Superhero Action Figures Fender Premium Guitar Picks Big Hit Entertainment - BTS - Butter Album+Extra Photocards Set More Gift-Giving Tips 1. Make a list and stick to it. It's easy to get sidetracked and overspend when shopping for gifts. Make a list of the people you need to buy for and how much you're willing to spend on each person. 2. Consider DIY gifts. If you're crafty, there are many great DIY gift ideas that are personal and budget-friendly. You can make gifts like homemade baked goods, personalized mugs, or framed photos. 3. Check out discount stores and thrift shops. You can often find great deals on gifts at discount stores and thrift shops. Be patient and take your time browsing the aisles. You never know what you might find! 4. Give experiences instead of things. Sometimes, the best gifts are experiences people can cherish for years. Consider giving tickets to a concert or show a gift certificate for a massage or spa treatment or a weekend getaway. 5. Get creative with gift wrapping. You can save money on gift wrapping by using recycled materials or making your own wrapping paper. You can also get creative with your gift wrapping using different ribbons, bows, and tags. 6. Don't forget about homemade gifts. Homemade gifts are always appreciated and can be a great way to save money. You can make gifts like cookies, brownies, or a batch of your favorite homemade soup. 7. Give gifts of time. Sometimes, the best gifts are gifts of time. Offer to give someone a massage, babysit their kids, or help them with a project. 8. Don't feel pressured to spend a lot of money. The holidays are about more than just giving expensive gifts. It's about spending time with loved ones and showing them how much you care. Following these tips, you can save money on holiday gifts without sacrificing thoughtfulness or quality. Need more tips to afford gifts this holiday season?

As AI continues to evolve and become more sophisticated, it is expected to have a major impact on future careers. Some experts believe AI will lead to widespread job displacement, while others think it will create new jobs and opportunities. As the AI landscape continues to evolve, I asked five industry leaders about the most profitable jobs and careers of the future. From Founders to CEOs, their insights range from the emergence of AI Ethics Officers to the increasing need for AI Auditors. Dive into these five compelling perspectives on the future of work in the AI era and how they can enhance your career outlook. Profitable Careers in the Age of Artificial Intelligence AI Ethics Officer Prompt Engineer Algorithm Developers Bioinformatics AI Auditors AI Ethics Officer In the vast expanse of AI evolution, one promising job avenue that emerges prominently is that of an AI Ethics Officer. As we advance, there's a burgeoning need to ensure that AI tools and applications are ethically sound and unbiased. Statistics have shown that companies prioritizing ethics witness a 20% higher trust factor from their clientele. Just as a CFO ensures financial health, an AI Ethics Officer will safeguard a company's moral compass, ensuring its technology equitably serves everyone. Drawing an analogy, just as the legal industry expanded with the digital age to include roles focused on cybersecurity and digital rights, AI will beckon the demand for professionals who can navigate its moral maze. In this context, the AI Ethics Officer is not just a job—it's the beacon of a technologically just future. Ankit Prakash, Founder, Sprout24 Prompt Engineer A Prompt Engineer is the most profitable job of the future. As artificial intelligence becomes more prevalent in every aspect of business, employers will seek to find Prompt Engineers who can develop thought-provoking questions that can be used to respond to employees and potential customers. To achieve effective marketing and business improvements, one must possess a high level of proficiency in crafting AI prompts that yield accurate and relevant results for AI models and algorithms. The average starting salary for prompt engineers is $130,000, which will continue to grow as AI continues to be at the forefront of business development. Annette Harris, Owner, Informed Finance See my feature in Goodwill 12 Considerations When Applying to the Same Company for a Different Position Algorithm Developers Nowadays, algorithm developers are in demand. With the advent of AI technology, companies demand people who can create algorithms for their AI-powered software. Their job is to study and craft algorithms. These are sets of instructions meant to streamline tech processes or systems. Their typical tasks involve researching various algorithms, teaming up with a development group, and running tests to enhance the given algorithm. They might also look into current systems to address and fix any glitches or issues. This career will be even more in demand in the future, and the quality of technical skills needed for this job is extremely high. This means that, on average, an algorithm developer can earn around $155,000 annually. Ahmed Mir, Founder, Nature and Bloom Bioinformatics With the evolution of AI, bioinformatics is one profitable career that will thrive well in the future. This field is all about vast biological datasets, and artificial intelligence has become a vital tool for deriving great insights from these data. Why did I say this field will thrive? As AI evolves, so will this field. It will be easy for experts to filter biological, genomic, and clinical records. This filtered information will facilitate the application of these datasets, such as agricultural advancements and personalized medicines. Second, AI will help expedite the identification of potential drug targets and predict their interaction, as it plays a vital role in medicine discovery. Last, as biological data generation increases, the strong demand for bioinformaticians will increase. It is an excellent field for experts who want to impact human health while securing a profitable career. Peter Bryla, Community Manager, ResumeLab AI Auditors As AI becomes more prevalent in our lives, the need for quality control and ensuring the accuracy of AI systems will become more important. One future career that will likely be in demand is an AI auditor. These professionals will be responsible for reviewing AI systems to ensure they function as intended and do not cause harm to humans or the environment. They will also document any issues or errors they find and work with developers to fix them. Matthew Ramirez, CEO, Paraphrase Tool If you're interested in a career in AI and need guidance in developing your career path, reach out today for valuable insights and advice.