What To Do If You Owe The IRS Taxes
It’s been estimated by the IRS that over 8 million Americans owe over $80 billion in back taxes, penalties, and interest. Those numbers are staggering. Yet, despite the threat of owing thousands of dollars to the U.S. government, millions of Americans continue to fall...
Filing Taxes in 2020: The Changes You Need To Know About
“Death and taxes” are commonly said to be the only things certain in life. Despite the fact that we have to deal with them every year, taxes can change significantly. Anyone who filed in the U.S. for the 2018 tax year likely remembers the plethora of changes that came...
5 Biggest Reasons Getting Out Of Debt Is Hard
If you are struggling with debt, it may feel like you are in quicksand. No matter how hard you try to get out, it keeps pulling you back in. You aren’t alone. According to a survey conducted by CreditCards.com, in 2019, a quarter of all Americans are expected to die...
Five Smart Uses For Your Tax Refund This Year
Some people dread tax season and with good reason. They may owe rather than get taxes back at the end of the year based on their income. For roughly 73% of filers, though, the opposite is true. They receive an average of $2,725 in refunds. This is a good lump sum of...
Generate Passive Income With Little Or No Investment
Generating passive income is a great way to improve your financial situation. This is money that you earn without directly working to create it. Typically, passive income is the result of investments of either time or money paying out returns. It is easy for wealthy...
Debt Snowball: Is It Worth It?
We are all familiar with snowballs: we make those balls and roll it to clean our backyard or clean out the space for our car (for those who are lucky to see snow during the winter). Snowballs are often used in games such as snowball fights - we scoop snow with the...
How To Be Smart With Your Money?
Money touches almost everything we do in a modern society. Without being financially savvy it’s hard to survive. In the world of finance, you have to have a certain attitude and habits which will help you to build wealth and stability. As a result of being smart in a...
How To Pay Off Debt Faster?
Sometimes paying off all your debt might seem unrealistic. But according to an analysis by creditcards.com, the typical American household needs about 13 months to pay down the average debt of $8,195. But this is in case if you're investing 15 percent of your income...
Loving-Kindness For Stress Management
Life can be stressful sometimes. From debt to medical issues to paying taxes, we all face difficulties and need tools that can help us overcome them. While practical solutions such as debt relief are helpful, it is also important to take care of ourselves mentally and...
How To Teach Kids About Money
It’s common knowledge that children as young as three years old can already understand the concept of saving and spending, with various studies concluding that kids’ money habits are formed by age seven. Teaching your children to understand money from an early age...