Client Login

- Individual Clients
- Business Clients
- Client Employee

Forgot Your Password? Please try logging in with the last password you remember first. (If that fails, you'll be able to reset your password on the next page.)

QuickBooks Online

BOSS™ Accounts Payable Documents Login

Video Meeting

Join a scheduled video meeting with our staff.
Join Meeting
Send Request

Fueling your organization with

personalized attention, innovative solutions and advanced technology

No-Fail Tips for Wise Debt Management

December 12, 2016

Debt—it’s so easy to accumulate, but can be extremely challenging to pay off once in over your head. That’s why the best advice is to be proactive and not take on a heavier debt load than you can afford. Here are four no-fail tips to help you manage your debt wisely:

  1. Avoid the student loan debt trap. For students, it’s important to consider how much debt they can realistically pay back once they start working. For parents, it’s fine to help out your kids as they earn a degree, but don’t put your own financial future (i.e. retirement) at risk to do it.

  2. Don’t make yourself house poor. While it may be easy to talk yourself into a more expensive loan for a bigger house because interest rates are relatively low, consider that the average mortgage is maintained for only seven years—making it harder to build equity because the majority of the mortgage payment is going to interest. Plus, buying too much house makes you a slave to working just to pay your mortgage, which can be a real stressor.

  3. Say no to credit card debt. High-interest credit card debt has no place in a sound financial plan. If you are buying things before you can afford them using your credit cards, make a personal pact to stop, reduce the number of cards you have, and create a budget so you can stick to buying what you can afford.

  4. Protect your nest and your nest egg. Whether it's paying off student loans for your kids, taking care of your own consumer debt, or making house or car payments for family members who may be in financial trouble, do not tap into the equity you have in your home to help out. Otherwise you may risk putting a permanent dent in your personal wealth.

Keep the above tips in mind as you use credit cards, consider taking out loans, or think about tapping into hard-earned home equity to help out a struggling family member. You may want to share this information with others, too. If you have any questions, please contact our firm.

Back to List

BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.

read more

Our Specialties

  • Professional Service Providers

    We are committed to helping professional service providers build successful enterprises. Our skilled team of financial experts have years of experience in providing accounting...

    read more
  • Government

    Beyond core accounting work, our firm offers extended value as an accounting service provider for government entities. We truly understand the challenges...

    read more
  • Not-for-Profits

    We differentiate ourselves from other firms because we truly understand your needs and how you operate—including day-to-day bookkeeping routines, fund accounting, and the need for orderly and accurate data on-demand....

    read more
  • Small & Medium Sized Businesses

    With our decades of experience, we understand the accounting needs of small and medium-sized businesses. From tax and payroll all the way to audit, we can help achieve your goals...

    read more

Latest from Our Blog