Hey, we’re not going to geek out on accounting terminology, but to understand tax liability, it’s helpful to be familiar with two basic accounting terms: assets and liabilities. Assets are things you own—think money, property, your collection of obsolete cell phones. Liabilities are money you owe to other people. In other words: Bills…
Medical expenses can add up fast. If you’re wondering if you can deduct medical expenses from your taxes, the short answer is: maybe. Get expert money advice to reach your money goals faster! There are a few key things to keep in mind when you’re figuring out which medical expenses…
Taxes . . . can’t live with ’em, can’t live (in America) without ’em. Whether we like it or not, income taxes are as much a part of American life as baseball and apple pie. And while we groan and grumble as we fill out our tax returns every spring, our…
Wouldn’t it be awesome if you didn’t have to pay taxes? It would be so cool to be able to go out, work hard, and bring that money home without Uncle Sam or one of his 50 little nephews taking a cut. It’s a nice dream, but here in the…
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Last year, on the day before Tax Day, my mom was scheduled to fly into Philadelphia International Airport to stay…
The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
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Every money goal starts with a budget. And that’s where EveryDollar comes in! EveryDollar’s been helping people budget and take control of their money since 2015. But our story began decades before. A (Brief) History of EveryDollar Back in 1992, money expert and bestselling author…
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How the Zero Based Budgeting Method Works The zero based budgeting application is more straightforward than it sounds. Start by writing down your…
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For fintech startups, the first five years of the decade have been a roller-coaster ride. At the outset, companies were awash in easy…
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Food. It’s the third-highest expense for Americans and usually people’s biggest budget buster.3 Whether it’s your daily coffee run, lunch with coworkers, or a last-minute dinner via DoorDash, eating out isn’t cheap—especially as food prices continue to go up. If you’re getting out of debt, the only time you should see the…
Back in the old days, the state and local tax (SALT) deduction was arguably the most popular tax deduction in America. Get expert money advice to reach your money goals faster! You probably remember your parents or grandparents saving every receipt—even on small purchases like a box of nails or…
Did you ever wonder why taxes are so often mentioned in the same sentence as death? They’re both unpleasant, and you can’t, in the end, avoid either of them. But that doesn’t have to get you down! Your business is killing it and your customers are being served. You just…
Children are a blessing. Even when they test you (looking at you, teenagers and “threenagers”), you wouldn’t trade them for anything. Get expert money advice to reach your money goals faster! You know what else kids are? Expensive. From buying thousands of diapers to saving for college, it all adds up.…
The Roth IRA is one killer way to save for retirement. We recommend it a lot. Like, a lot a lot. Because what’s not to love? Not only do you get to enjoy watching your investments inside of a Roth IRA grow tax-free, but you’ll also get to use that money in…
If you’re burdened by student loan debt, you’re not alone. People in our country have dug themselves into $1.48 trillion of debt for college.1 And many of them wonder how long it will take to pay off their student loans. Sending in an average monthly payment of $393 is annoying at…
As we kick off the new year, a lot of folks are on edge about the economy and their personal finances. According to Ramsey Solutions’ State of Personal Finance study, only about half the country feels happy about their money. The other half either worries daily about their personal finances or…
Hey, we all know at least one or two people who work for the government—your cousin the park ranger, your neighbor the air traffic controller, your friendly neighborhood mail carrier. Or maybe you have a government job yourself. Market chaos, inflation, your future—work with a pro to navigate this stuff.…
How much student loan debt do you think the average college student racks up by the time they cross the graduation stage? Seriously, take a guess. $10,000? $20,000? You’d be what’s known as wrong. Get expert money advice to reach your money goals faster! The average college student graduates with…
Owning your own business comes with a lot of benefits. You work at your own pace on your schedule, you make the rules, and you get to make pretty much all the decisions . . . after all, you’re the boss. Market chaos, inflation, your future—work with a pro to…
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