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The Effect of Inflation on Home Buying If you’ve read the business section of any website or newspaper lately, it seems like inflation is the topic that’s on the tip of everyone’s tongue. The impact can be seen on everything from the price of soft drinks to gas. However, if you’re looking to buy a […]
Make Your Money a Daily Routine Starting a new routine in any area of life can be challenging. Be it changes to your finances, exercise habits, health, or any other type of new routine, one of the best ways that you can increase your chances of success is to make it part of your existing […]
Unreimbursed Employee Business Expenses If your employer reimbursed you for any job expenses, or you have automobile, travel, transportation, meal expenses, impairment-related expenses, or qualified performing artist expenses for your job, you must complete Form 2106 (Employee Business Expenses). You can deduct on Schedule A, the following unreimbursed employee expenses: Union and professional dues (but […]
5 Ways to Make Your Money Work for You Making your money work for you is a crucial step on the road to financial security and independence. Earning money by trading your time is important, but it’s just as important to find a way to make money without having to be actively involved. While you […]
Investment Income Dividends What are Dividends? Dividend income is money paid to you due to a surplus, benefit, or bonus on investments, such as mutual funds and companies in which you own stock. What Paperwork Do I Need? Most dividend income is reported on Form 1099-DIV. However, you may find dividend income on a consolidated […]
Interest Income What is Interest? Interest is money paid to you from interest rate earnings from investments such as bank accounts, mutual funds, and companies in which you own stock. What Paperwork Do I Need? Most interest income is reported on Form 1099-INT. However, you may find interest income on a consolidated broker’s or financial […]
Credit Cards with Annual Fees: Are They Worth It? When shopping for credit cards, you may be surprised at the steep annual fee for some of the premium cards out there. Those gold-star benefits do come with a price: in some cases, several hundred dollars and upwards. So, when is the annual fee worth it? […]
Money-Saving Challenge: 30 Types For Every Personality in 2022 When it comes to saving money, whether it’s for a short-term goal, such as a trip, or for a long-term one, such as a retirement fund, there are many budgeting strategies to choose from. Starting a money-saving challenge can be a good strategy to save money […]
You probably had to pick a career field early in life, but what happens if you later realize it’s not right for you? If you’re wondering how to start a new career, either later in life or after trying different jobs, you’re not alone. In 2021, an increasing number of people started to rethink their […]
How to Choose a Side Hustle for Your Lifestyle If you’re like one of the many people looking to be an entrepreneur, you might be wondering how to choose the best side hustle. While there is no one and only perfect side hustle that fits everyone, there are a few questions you’ll want to ask […]