Financial Blog
7 Ways Financial Anxiety Can Trap You In a Constant Downward Spiral
Have you ever sat there, staring at your bills, and just felt utterly overwhelmed and stressed out, even though you know you have plenty of money in the bank to pay them? Or perhaps you feel incredibly guilty for spending money on anything “extra” that you don’t...
How to Make Estimated Tax Payments and Avoid IRS Penalties
So many people – especially newly divorced single moms and first-time freelancers – end up in tax trouble for one common reason: They don't realize they need to make estimated tax payments. So if you: Started a business Have a side gig Got unemployment Work from...
How to Design Your Retirement Portfolio at Any Age
Please Note: This article contains affiliate links. If you click on those links, I may receive compensation. What are the best investments for your retirement portfolio? That depends mainly on how much time you have until you want to retire – your time...
How to Manage Your Financial Anxiety During a Banking Crisis
Bank failures have been splattered all over the news. And even if you don't struggle with financial anxiety, you might be worried about how safe your money is in the bank right now. And it's not just that we need to worry about, unfortunately. The lurking banking...
Tax FAQ for Tax Year 2022
Q. How can I tell whether I should take the standard deduction or itemize my deductions? A. If your itemized deductions will be more than your standard deduction, itemize away! Of course, with higher standard deductions, fewer people than ever are itemizing. But that...
5 Simple Steps for Crisis Budgeting That Will Help You Survive a Financial Emergency
A financial crisis can hit at any time. And unfortunately, most people aren’t prepared for the very serious changes that can happen in their lives when one does. To be honest, creating a “crisis budget” is not on top of anyone’s to-do list, especially when you’re...
The Home Office Deduction Can Bring Big Tax Savings
If you have your own business and work from home, taking the home office deduction can lead to big tax savings. But millions of solopreneurs don't claim this valuable tax break, even though they're 100% eligible. Many people don't realize they can take the home office...