Turn Unexpected Income into Savings for your Future

Tax rates have changed this year, and many people will see a slightly smaller tax bill due to this temporary reduction in Social Security taxes. This translates into an increase in your take-home pay. Instead of spending this money, start (or increase contributions to) a retirement plan. You can also always begin a savings plan. This is a great opportunity to do something for your … Continue reading Turn Unexpected Income into Savings for your Future

Financial Fibs that Keep You From Reaching Your New Year’s Resolutions

With the New Year come many resolutions. Most of us have at least one resolution that is financial in nature. In Michelle Singletary’s latest column, “Facing the Truth of Your Financial Situation”, she lists five of her favorite financial fibs that we often tell ourselves that keep us from reaching our financial goals. They are: 1.       I have a budget 2.       I have an emergency fund 3.       … Continue reading Financial Fibs that Keep You From Reaching Your New Year’s Resolutions