Hopefully, you haven’t misplaced or thrown away your 2017 W-2s or 1099s yet. While you may have made it through another tax season, you’ll need to file those docs away somewhere safe for the next few years. You should hang on to your tax returns indefinitely (an electronic copy of everything is fine). That’s not
One of the best financial habits you should adopt is to start paying yourself first. I started paying myself first back when I was eager to get out of debt and it made a big difference. Paying yourself first involves making saving a priority by stashing away some of your money as soon as you
It’s not always easy to keep your personal finances separate from your side hustle or small business. But separate you must, otherwise, you’ll have no way of knowing if your business is profitable. There’s also the potential to make mistakes. Fortunately, there are several ways to keep your personal finances separate from your business. Most
Saving money can be stressful and, of course, it’s something that’s unavoidable. There are serious reasons why Americans cannot actually save money these days. One is that people keep upgrading their lifestyle despite growing income inequality. Impulse buying and love of luxury can also become real burdens if your goal is saving money. On the
When my husband and I first started building a life together in our 20s, we treated our money the way too many young couples do: We bought what we wanted, made an unenthusiastic effort to save, and crossed our fingers that everything would work out for the best. Not surprisingly, things didn’t always turn out that great.
So often, we think of investments as being purely about dollars in and dollars out. If you put $10,000 into an investment with an average return of 7% a year, how much do you make after ten years? Is it better to pay taxes on that money now when you put it in or when