Financial Blog
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...
How to Overcome Your Financial Fears and Make a Solid Recovery Plan During a Personal Financial Crisis
There is no such thing as a “good” time for a crisis of any kind. Especially one that results in a serious hit to your finances. Any financial crisis can feel overwhelming and make you feel like you’ll never be in a position to get back what you’ve lost or make...
You Can Stop Living Paycheck-to-Paycheck
Worrying about whether you can cover all the bills this month is one of the worst feelings a single mom can have. And knowing that you definitely can’t feels even worse. When you’re living paycheck-to-paycheck, almost anything can knock your finances off course. A...