How to Break the Paycheck-to-Paycheck Cycle
It can be so frustrating when you have more month than money! Everything is a battle and a challenge, just living day to day. The trick to getting out of that cycle is to make a plan for every single dollar. If you decide where you will spend your money before you receive it, you…
Read MoreHow to Start Couponing for Beginners (2022)
Couponing isn’t everyone’s cup of tea but how do you know if it will work for you without trying it out? If nothing else, you should learn how to coupon because it can be a great way to stretch your grocery budget. Whether you save $2.00 or $25.00, that is money that you can put…
Read MoreHow to Apply for SNAP Benefits
The Supplemental Nutrition Assistance Program (otherwise known as SNAP) is a state-run program. Each state has its own process for applying. You can go to your local SNAP office, or some states even allow you to apply online. If you aren’t sure, you can call the SNAP toll-free information number: 1-800-221-5689. Each state has its…
Read MoreHow can I save on a fixed income and disability?
The key to saving is quite simply, to spend less than you make. This works for all incomes, whether it’s from a job, retirement, or government benefits like disability. If you are spending everything that you have each month, then consider checking your spending for a leak in your wallet. When I say “leak,” I…
Read MoreWhat is a Health Savings Account and Should I Open One?
If you have a High Deductible Health Plan for your health insurance, then you are eligible for a Health Savings Account (HSA). You can use HSA funds to pay for qualified medical expenses. These expenses can be incurred by you, your spouse, or any dependents listed on your tax return. There is no need to…
Read MoreWhat’s the Best Way to Pay Off Debt?
There are a couple of ways to get out of debt and back on track with your finances. Let’s walk through some straightforward steps together! Start with Budgeting Basics To start with, make a budget. Total up all your monthly take home pay. Next, start to subtract all of your expenses. You will want to…
Read MoreWhat are the biggest money sinks that people can cut out of their lives to save more?
Many people don’t even realize that they have a money sink, much less what their money sinks are. We are so heavily marketed to and conditioned to spend in America. Using a debit or credit card feels so removed from real money that it doesn’t even feel like spending. It’s easy to spend without paying…
Read MoreAre there debt consolidation companies for poor credit scores?
Submitted by Sara K. A Debt Management Plan (DMP) that is offered by a non-profit credit counseling agency can be an excellent tool for getting out of debt. Anyone can use these plans, whether they have poor credit or great credit. Credit cards, collections, and medical debt are eligible for these programs. How a Debt…
Read MoreShould I itemize my deductions or take the standard deduction?
The goal of deductions is to lower the amount of taxable income the IRS will use when calculating the amount of tax you owe. The decision of whether to itemize your deductions or take the standard deduction comes down to one question. Which deduction is bigger and will lower your tax burden more? Currently, the…
Read MoreWhat’s the difference between money market, savings, and checking accounts?
Although these types of accounts are similar, they have important differences. What is a checking account? A checking account is designed for day-to-day use. There are many options when it comes to checking accounts. The most popular options are free and allow you to make as many withdrawals as you want. Sometimes the bank or…
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