If you’ve listened to or watched the financial news lately, you’ve probably heard of the term, “recession”. In fact, not so long ago *cough* 2022 and 2023 *cough*, the financial experts were predicting we would be in a recession now. However, lo and behold, it didn’t happen, a recession didn’t materialize. We then began hearing another term “soft landing”, meaning the economic growth would slow gradually while managing to keep...
The Ultimate Self-Care Planning your estate in advance grants you the peace of mind that your family is protected and taken care of. You can rest knowing critical documents, like wills, insurance, Power of Attorney etc. are completed. You won't worry about how their finances will be managed because you have already made the proper arrangements for them. Here is a quick list of Estate Planning Documents. The list isn't exhaustive and you may need...
We often hear or read about the financial benefits of estate planning. Planning can protect beneficiaries, children and, of course, money and assets. However, there are also some very important emotional and mental benefits to Estate Planning. The Ultimate Self-Care Provides YOU with peace of mind: Planning your estate in advance grants you the peace of mind that your family is protected and taken care of. You can rest knowing critical...
Looking for help during this tax season? The Internal Revenue Service as online step-by-step assistance. Best of all it is FREE! They also have FREE tax preparation and FREE online filng for qualified filers. Per the IRS...Free File lets qualified taxpayers prepare and file federal income tax returns online using guided tax preparation software. It’s safe, easy and no cost to you. Those who don’t qualify can still use Free File Fillable...
Tax season is here. However, before you file, it’s best to know which deductions and credits you may qualify for. Most of us can take a glance back at last year’s filings and get a general idea, but if your status has changed, e.g. having a child, getting married, getting divorced and etc., your eligibility can change. Let’s take a look at the difference between tax deductions and tax credits. Tax deductions can reduce the amount of your...
Do you find yourself in need of a RESET? Money is about eighty percent mental and only twenty percent actual work, meaning how you think about money, drives what you do with it. When your mind is in a healthy place, you tend to do financially healthy things, like budget, save, invest and spend wisely. If our mentality or emotions are in an unhealthy state, how we handle our money will eventually reflects it. This is regardless of how much or how...
This article is late. Usually I release my blog on Wednesday night, but after writing the blog, reading it, reading it again, then reading it for a third time, I scrapped it. It just wasn’t what was in my heart for you right now. I will most likely use the information at a later time, but for now, this is what is in my heart not only for you, but for me as well. Money is about eighty percent mental and only twenty percent actual work, meaning...
Have a graduating high school senior or a student in college? The 2024-2025 FASFA Applications process has begun. If you haven't already, it's time to submit your application. Many grants and scholarships are granted on a first come, first serve basis, so it is best to get your application in as soon as possible. PLUS, many colleges, career and trade schools use the FASFA and can have different deadlines. Check with the institution for...
Maintaining an accurate credit history is an important part of your personal finance life. Even if you are not seeking financing, credit reports are used for in other aspects of life like employment, insurance and other non-debt related purposes. So making sure the information on your report is correct is imperative. The Federal government allows everyone to get a free copy of their credit report from all three major reporting bureaus. This is...
IT'S THAT TIME AGAIN... Tax season is just around the corner and it is time to gather all you documents. Various forms should be coming to your mailbox and available for download soon. If you aren't sure what is coming, use last year's return as a guide. The IRS has announced it will being accepting returns as early as January 29, 2024! For more tax dates, check out Intuit TurboTax post, Every Tax Deadline You Need To Know, Written by Riley...
