How can Small Businesses Save on Taxes?
When running a small business, saving on expenses should be your number one goal. And one of those expenses to save on is your taxes. You should pay all your business taxes on time, but you can still save on them legally. There are many ways to make sure that you pay...
How to Eliminate Credit Card Debt
Credit card debt can be frustrating since the interest is added monthly to the revolving balances. Despite the challenges, the right strategy can steer an individual into paying off the debt within the shortest time and save substantially. A personal finance kit with...
Net Income: How It Works and Why It Is Important
Net income is a business's profit or loss after deducting all its operating costs. It is also known as "the bottom line," and it's the profit left over for owners to take home. Net income might not seem important, but it can tell how well your business is doing and...
Top Budgeting Apps for Managing Your Personal Finances
It's estimated that over 200 billion dollars are wasted each year by Americans who don't manage their finances well. Fortunately, apps are abundant to help take control of finances and start saving for what matters most. Personal finance management can be hard...
The Ultimate Guide to Creating a Personal Finance Plan
It is more important than ever to have a good handle on your finances in today's world. With the state of the economy and rising costs for everything from groceries to gas, you need to keep track of what you spend so that you can make sure that your money is working...
Common Estate Planning Mistakes
Estate Plans are a way for one to entrust and provide future stability to their loved ones. While the feeling of protection and relaxation may prevail upon bestowing estate assets to one’s family, it is best to ensure that someone carries out the process correctly. If...
5 Easy Ways to Teach Your Kids About Personal Finance
Of all the lessons you'll teach your kids, managing money is easily among the most important. Training children early in life to recognize and respect the value of money will set the stage for self-responsibility, sustainability, and all-around comfortable living....
Definition of Adjusted Gross Income and Implications for Your Taxes
Adjusted gross income is utilized to calculate your credits and allowable deduction from your income. It is your pre-tax income (after all deductions and credits) less the tax. If your adjusted gross income goes lower than the threshold amount, you get to deduct the...
Is Debt Consolidation Right for You?
Total consumer debt in the United States is $14.9 trillion, and credit cards account for a large portion of this debt. The stress of paying several credit card bills can become overwhelming. Debt consolidation is a possible solution. What is Debt Consolidation? Debt...
What You Should Know Before Getting a Credit Card
Getting a credit card is essential for building your credit, buying a house, renting an apartment, or getting approved for a cell phone. They also often have cash reward and travel reward programs attached to them. When you buy things with a credit card, you...