Category: Finance
When is Tax Season in 2024?
Tax season starts on January 1st and ends April 15th for all states besides Maine and Massachusetts which are due April 17th. The deadlines are for payment of taxes or filing of an extension. October 15th is the deadline for payment, if filed for an extension. Questions about your state or territories review: Around the…
Zero-Based Budgeting
Zero-based budgeting is income minus expenses will equal zero monthly. Tracking your expenses weekly or monthly are good options to a keep consistent a personal budget. Budgeting your money, it is important to track consistently. Start by gathering all your credit card statements and bank accounts to track expenses. Review multiple statements, looking for your…
30% Rule
The 30% rule is keeping housing below 30% of your after-tax income. Understanding what you can afford and giving yourself a budget when looking for somewhere to live is a good place to start. Follow that up with finding places below your top end and find what the best option for you is. Depending on…
50%-30%-20% Rule
The 50%-30%-20% rule is a tool to help one budget their overall financial life by using the after-tax income. 50% should go to needs this include rent or mortgage, groceries, and utilities. 30% should go to your wants, going out to dinner or events, new clothes, Television, ect.. The last 20% should be saved putting…
How to Create a Budget
Creating a budget can be a big task but breaking it down into categories will allow you to take steps to achieve your goals. Writing down everything you pay for, categorize those into something that makes sense to you. Categories for your budget could be income, bills, entertainment, saving goals. Write down all the categories…
Personal Finance
Managing your personal finances effectively is an essential skill that everyone should learn. Whether you are just starting out in your career or planning for retirement, understanding the basics of personal finance can help you make informed decisions and achieve your financial goals. Creating a Budget One of the first steps in managing your finances…
