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6 Commonly Overlooked Tax Deductions to Maximize Your Return

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“Can a dead person deduct medical expenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense.

Expenses 198
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How to Create a Budget: 6 Steps to Get You on the Path to Financial Security

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We all know expenses exist, but the numbers keep adding up—rent, water, trash, electricity, cable, Internet, car insurance, renter’s insurance, gas, cell phone. Managing money is intimidating, but it’s 100 percent doable—and it’s pretty darn necessary if you want to be in control of your dollars. Set goals and adjust your expenses.

Budget 270
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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Often, these fall into categories of personal well-being, relationships and finance. Additionally, consider breaking larger goals into smaller, more manageable steps. New Year’s resolution ideas to improve personal finance Create a monthly budget. New Year’s resolutions are, after all, goals for personal growth and development.

2024 266
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4 Smart Money Rules for Couples Living on One Income

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Managing that vast earnings gap can be challenging for single-income households. To combat feelings of income ownership, couples can adopt an “our money” approach in which all earnings are shared and jointly managed. Make a plan for personal expenses. Don’t wait for a problem to discuss your finances. Communicate.

Finance 246
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3 Steps to Take Before Going Into Business for Yourself

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Before going into business for yourself, you should have an account set aside to save for these additional expenses. According to the Bureau of Labor Statistics , the average employer paid “78% of medical care premiums for single coverage plans” in 2021, which is a nice perk. Managing money when you work for yourself can be tricky.

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8 Pieces of Financial Advice for New College Graduates

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After all, learning how to manage your finances before money mistakes happen can help you avoid easy-to-make slip-ups like dings to your credit score or an overdrawn bank account. If you just traded in your cap and gown for your first taste of real adulting, managing your finances might feel like an overwhelming task.

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Want to Retain Your Team? Offer Financial Well-being Programs

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For employees, finances are actually the top source of stress — even more so than health or family issues. . According to SHRM , 35% of HR professionals surveyed offered financial planning benefits for long-term security, such as sessions with a financial advisor on wealth management, investments and estate planning.

Finance 284