Tag: personal finance
Living Below Your Means
Living below your means is to spend less money than you make. How could it help? Learning to live below your means before retirement is a smart choice to be able to save more. Give yourself more flexibility later in life, learning is not all about now in the same moment it’s not all about…
2023 Tax Bracket
Tax season can be stressfull and tedious time for most of people that file taxes in the United States. The 2023 income tax brackets are below, showing exmaples of each bracket. Single Filers Tax Rate Single Filers Start Up to 10% $0 $11,000 12% $11,001 $44,725 22% $44,726 $95,375 24% $95,376 $182,100 32% $182,101 $231,250…
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 keep a consistent personal budget. Start by gathering all your credit card statements and bank accounts to track expenses. Review multiple statements, looking for your bills and when they are due. Understanding each statement and…
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…
