Top 10 Tax Deductions You’re NOT Taking

This content provided courtesy of TurboTax.

This article is for information purposes only. Please consult a qualified tax professional for tax advice on your specific situation.tax form with calculator, money and pen

You could be leaving hundreds of dollars on the table when you file your tax return this year. From magazines to medical insurance premiums, little-known tax deductions and credits could make tax day a happier one for your family this year.

Continue reading

Workshop: Building a Better Budget

A budget is the most powerful tool available for establishing financial control. In this seminar, you’ll learn to identify short-, mid- and long-term goals, design a realistic spending plan to live within your means, and outline savings plans to reach your goals. You will also learn about different options available for getting out of debt, staying out of debt, and staying motivated.

Continue reading

What is a Share Certificate?

This article reprinted courtesy of NerdWallet.

With so many financial products available, choosing which type of account to open can be just as stressful as deciding where to open one.Couple paying bills using laptop

 

For consumers looking for earnings on their savings, one of the options that credit unions offer is share certificates. Here’s a brief overview of how they work and some of their advantages and disadvantages.

Continue reading

Understanding Inflation

Reprinted Courtesy of “It’s a Money Thing

Understanding Inflation

When most people think of inflation, their response is usually similar to when they see a vintage advertisement: reminiscing about the cheaper prices of the past (15 cents for a burger? Awesome!) while simultaneously feeling some resentment towards today’s ever-rising prices. Generally, inflation is seen as a frustrating “financial fact of life” that passively affects everyone as price levels climb and as the dollar’s purchasing power decreases over time.

Continue reading

What’s Your Holiday Spending Strategy?

It’s easy to get caught up in the spirit of giving—and spending.

Gift boxes with bow and snowflakes

According to the National Federation of Retailers, a 2015 survey reported that consumers planned to spend approximately $800 on things like holiday decorations, food and gifts. Have you considered what your budget will be? And what about travel costs?  It’s easy to let the dollar amount soar if you don’t rein in spending now.

Here are some tips to help you plan smart, save money and avoid a debt hangover.

Continue reading

Debt and Savings: How to Tackle Both

Erin Lowry writes Broke Millennial, a weekly blog designed to help members of “Generation Me” become fiscally responsible. 

Dealing with debt can be an anxiety inducing experience. The notion of being able to save while struggling to make ends meet is simply laughable. How dare someone suggest you build an emergency savings fund, or contribute to retirement when student loans, rent and credit card bills already eat up more than 60% of your monthly income? Even though it feels hopeless, there actually is a path to balance the opposing forces of paying off debt and saving for the future. In fact, you can get there in just five steps.

Continue reading