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Digital Nomads And Freelancers Need These Strategies To Navigate Tax Season Smoothly

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Another layer of complexity arises from the way their income is earned and reported. Self-employed workers often need to use reliable accounting software or seek assistance from tax professionals with experience in transnational tax matters to keep track of their earnings and report them correctly.

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What Are I Bonds and Should I Buy Them?

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When you purchase an I bond, the fixed rate will remain your interest rate until you cash it in. It will remain that until November 1, 2023, when the Treasury Department will adjust the rate based on the economy and inflation reports. Purchasing and cashing in There are two ways to purchase I bonds.

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8 Pieces of Financial Advice for New College Graduates

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You may need to create rules for yourself, like that a percentage of your paycheck needs to go toward retirement savings before you can buy something just for fun. This might be contributions to your retirement account and emergency fund, as well as credit card payments above the minimum amount or other debt you may have.

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7 Apps to Teach Kids About Money

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A 2017 study found that disparities in financial literacy may account for as much as 40 percent of the wealth gap between those retiring with more and those retiring with less. AdVenture Capitalist is free to download, but before you set your kid loose, be aware that the app comes with some in-app purchases. Google Play : 4.5.

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Preparing to Move Overseas? Read This First

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Have you decided to live the #beachlife or the #retired life or just the #offgridlife? You can (or may need to) purchase international insurance. The easiest—although probably the most expensive—route is to purchase international health insurance from a company such as Cigna, GeoBlue or Aetna. Health care. Research your rights.

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Start Talking to Your Kids About Investing—Here’s Where to Start

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Additionally, “54% of teenagers… reported feeling unprepared to finance the life they hope to have in adulthood.”. Discuss some big purchases you want to make as a family and how you’re budgeting for them. If you plan to make a charitable donation , give your children input on which organization to support.

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How to Find Your Money ‘Why’

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How many bath bombs have been purchased on credit cards in the name of self-care? As the journal Applied Economics reports, “individualized cultural values measures do indeed explain part of the financial behavior of households.” Faced with spending decisions , you might ask yourself whether a purchase supports your core values.