Understanding the Self-Employment Tax Implications for Family Caregivers
Are you providing regular care to a family member or friend? If you’re receiving compensation for your services, it’s important to track your income. Caregiving, even for a loved one, could be considered self-employment and change how you file your taxes. There are different scenarios in caregiving situations that will determine if you, as a…
Read MoreSelf-Employment Taxes: What You Need to Know and How to Stay on Top of Them with Confidence
Being your own boss comes with many benefits, like greater flexibility, freedom, and control over your work. However, when it comes to taxes, being self-employed can feel like a whole new ballgame. Navigating the process of self-employment taxes, including what they are, who needs to pay them, and when they’re due, can be tricky and…
Read More6 Questions to Ask Before Starting a Side Hustle
Infographic Get a guided version of this article in the format of a decision tree flow chart. View Are you thinking about starting a side hustle to supplement your income? Through ongoing interviews and surveys, SaverLife has learned that many members pursue additional work on top of their primary jobs to make ends meet and…
Read MoreConsidering Solar Panels to Reduce Your Electricity Bill? Keep these Facts in Mind
When you’re budgeting, planning for expenses can be a challenge. One area where this hits most people’s budgets is electricity bills. This unpredictability, coupled with rising energy costs, can put a strain on your finances. This may have you wondering: how can you lower your electricity bill and make it more consistent over time? One solution…
Read More4 Tips for Renters Recovering from Natural Disasters
If you or someone you care about rent a home, it can be nerve-wracking to think about a disaster damaging your property. It can be harder still to know what to do after your property gets damaged. Knowing what to do can’t lessen the impact of a natural disaster, but it can help you recover…
Read MoreSecuring Your Finances Prior to Extreme Weather & Climate Disasters: A Comprehensive Guide
SaverLife member Alizha knows climate change could impact her family at any time. They live in a hurricane zone that’s prone to flooding. But with a tight budget and shifting work hours, Alizha doesn’t have the time or money to prepare for a potential flood. Alizha doesn’t even know how they’ll respond to a weather…
Read MoreFortifying Your Finances During and After Climate Catastrophes and Extreme Weather
With a full schedule and a strict budget to maintain, it can be hard to plan a month in advance — let alone the future. But the reality is climate change is already impacting how SaverLife members think about their next steps. In a recent survey, 52% of SaverLife members shared that they’ve experienced severe…
Read More5 Tips to Protect Your Credit After a Natural Disaster
Did you know your credit can be impacted by climate change? If you experience a severe weather event — like flooding, wildfires, or a hurricane — you might need to: On top of this, you’d still be expected to keep up with your normal expenses, like rent or mortgage payments, utility bills, childcare costs, and…
Read MoreThe Hidden Impacts of Climate Change on Your Financial Health and Well-being
How is climate change impacting your day-to-day life? SaverLife spoke with our members to learn more about their experiences with the shifting weather. Here’s what we learned: Today we’re sharing what the rippling impacts of climate change look like in our members’ day-to-day lives Climate change causes a ripple effect So what are some of…
Read More2024 Minimum Wage Increases: How to Maximize Your Income
We know people are struggling to make ends meet. Many SaverLife members have shared that their wages aren’t keeping up with skyrocketing inflation. But in a long-overdue positive change, 24 states are finally taking action in 2024 to increase the minimum wage for their residents, affecting an estimated 10 million workers. What is minimum wage,…
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