Take 5: A Roundup of Reads From Around the Web

This week: Unexpected uses for honey, finding an accountant, bootstrapping your business, reducing your financial stress and why you should have a good credit score even if you never borrow.

1. 5 Ways Having No Credit Score Can Hurt You

[Credit.com] “As counterintuitive as it seems, you could end up spending more money because you don’t have a credit history. (Though like any other tool, credit used irresponsibly can do more harm than good.) But let’s say you’re a responsible person who wants to avoid debt. Why isn’t it reasonable to avoid credit altogether?

We’ve written a lot about the importance of credit scores and how to quickly improve yours. This article talks about why you should maintain a good score, even if you have no immediate plans to borrow. Reasons include homebuying (something hard to do cash-only), renting and higher required security deposits.

2. 5 Steps to Reducing Financial Stress

[The Dollar Stretcher] “Money may not be the ‘root of all evil,’ but it is often the root of tremendous personal, business and relationship stress in today’s world. People divorce over it. Businesses collapse due to poor management of it. And entire societies collapse due to poor distribution of it.”

This is another topic we’ve covered in stories like “Financial Stress May Be Costing You Your Health.” This one from The Dollar Stretcher further drives the point home, as well as offering solutions. Suggestions include some things that are obvious, like developing a spending plan, and some that aren’t, like developing positive money awareness and adopting abundance consciousness.

3. Bootstrapping a Business? 5 Creative Ways to Save Money When You Launch

[The Penny Hoarder] “Starting a business, but not sure how to get it off the ground? Here are five bootstrapping tactics these entrepreneurs used to save money while launching their startup.”

If you’re not familiar with the term, “bootstrapping” means financing a business yourself, without loans. It’s the way this business was started, so I was interested in seeing what this author had to say. Suggestions include keeping a sharp eye on personal expenses, doing your own market research and marketing and trading equity for expertise. See the article for more.

4. 15 Places to Find A Part-Time Accountant for Your Startup

[Debt.com] “… there are situations when you’re either too busy or too inexperienced to take care of all of your startup’s accounting, and you need to find a part-time accountant. For example, can you properly file taxes and include all of the eligible deductions? Can you manage your startup’s cash flow or payroll? Do you have more than one startup going? Do you have the time for bookkeeping?”

I do all the accounting around here — it’s something I’m trained in and, oddly, enjoy doing. But if you’re not like me and need some help, this article will prove valuable. I never realized there were so many places to find an accountant. Maybe one day I’ll replace myself!

5. 7 Unexpected Uses for Honey

[Wise Bread] “Honey is a lot more than just a sweet treat. It has uses ranging from medicinal to athletic, all of which are rather unexpected when you’re used to just eating the stuff.”

No wonder bears love honey. Not only does it taste good, but you can also use it to boost your energy, fight germs, heal burns, ease both hangovers and allergies and improve your sleep. See the article for more uses and details.

Stacy Johnson

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