Budgeting For Beginners

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Budgeting For Beginners

Few things are more frustrating than running out of money. When you are staring at an empty checking account, it can feel like the whole world is against you--especially anyone who you owe money. However, a few years ago I learned a few tricks for budgeting that really made a difference in my life. I have been able to get my spending under control and learn how to save. I have also learned how to prioritize my spending so that I don't have to worry about running out of cash. This website is here for anyone who has ever struggled with money.

What You Should Do To Get Yourself Prepared For Tax Time When You Have Your Own Business

When tax time comes around, having everything in order is essential. You do not want to make mistakes when filing your taxes because those mistakes could cause you to lose out on money or possibly owe much more in the long run to the Internal Revenue Service. When you would like to make sure that you are doing things the right way because you have your own business and do not work for anyone else, it helps to keep your financial information in order. Read More 

Caregiving For Family? 5 Steps To Plan For Your Own Future

Financial planning is one thing that many Americans put off even during the good times. But when you're serving as a primary caregiver to other family members, it's often pushed even farther down your to-do list.  How can you plan for your own future while caring for the current needs of others? Here are five tips to succeed. Reduce Expenses. Caregiving often reduces the amount of available income for those doing the work. Read More 

Want To Give Generously? 4 Ways To Do So And Still Avoid The Gift Tax

Giving gifts is a wonderful way to express your love for others, help out friends or family, and feel great yourself. But many Americans don't realize that gifting assets or cash in larger sums can incur a tax.  Known as the gift tax, this tax is levied on the giver and may come into play any time you (or your spouse if filing jointly) gives an amount greater than $15,000 (in 2018) to a single individual. Read More 

Lottery Winnings And Income Tax: A Guide For Winners

American investors have plenty of ways to make the most of their cash, but a surprising amount of people puts their faith in the lottery. Research shows that 21 percent of people in America believe that the lottery is the most practical strategy they have for accumulating wealth, so it's unsurprising that so many consumers continue to buy their draw tickets. If you are lucky enough to win the lottery, your first thought may turn to how you plan to spend your winnings, but you should really first understand the tax implications of your new windfall. Read More