Solutions to Make Better Decisions with Your Money

Weekly Favorites: College Financing’s Secret Weapon—Granny and Grandpa, and more

TaxACT Weekly Favorites June 6

TaxACT Weekly Favorites:  June 6, 2014 Paying For College: A 21-Step Guide To Preserving Wealth via Forbes If you are the parent of a college-bound child—of any age—you should be thinking right now about how your family will finance the degree. The difference between doing it right and not doing it right could easily be […]

10 Essential Tips to Successfully Merge Finances as a New Couple

10 Essential Tips to Successfully Merge Finances as a New Couple - TaxACT

What’s the best way to start handling finances as one household? Fifty years ago, merging finances may have seemed simpler. Most people got married younger, chances were higher that only one spouse worked, and divorce was less common. Now, when you become a couple, you’re more likely to work and have your own incomes. You […]

When to Take the Upsell

When to Take the Upsell - TaxACT

Last year, my boyfriend and I celebrated Christmas with tickets to see the Broadway musical “Wicked.” Caught up in the splendor of the holidays in New York City, we decided to indulge in some horrifically overpriced theater cocktails. As the bartender began pouring my boyfriend’s gin and tonic, he asked “Just one shot or would […]

5 of the Most Common Insurance Myths and Why They Aren’t True

5 Common Insurance Myths - TaxACT

Insurance can be incredibly complicated, so it’s no wonder that sometimes rumors, myths, and untruths can be held as fact and disseminated as such. We’ve listed a few of the most common home and auto insurance myths, and explained why they aren’t true.

Answering These 5 Questions Might Make You Think Twice before Buying a Home

5 Essential Questions to Consider before Buying a Home - TaxACT

Dreaming of buying a home? Some Americans grew disillusioned with homeownership during the housing bust, but the real estate market is showing signs of recovery in many parts of the country. Before you buy a home, though, consider these five questions to gauge your readiness.

Why Your Credit Report Matters When It Comes to Your Home and Auto Insurance

Why Your Credit Report Matters When It Comes to Your Home and Auto Insurance - TaxACT

It’s no secret that your credit report plays a big role in how much you pay for your car or home. The better your credit score, the lower the interest rate on your mortgage or car loan and the lower your payments. That makes sense. But did you know your credit report also affects how […]

CEO Mom: What a Mom’s Time is Really Worth

CEO-Mom-What-A-Moms-Time-is-Really-Worth

Do you consider yourself a working mom? When I married my husband we had five babies in seven years and moved 11 times in 13 years. I left a nice job as a broker to have a more rewarding career as a SAHM (stay at home mom). One of the questions that I frequently heard […]

How Staying in Shape Directly Impacts Your Wallet

How Staying in Shape Directly Impacts Your Wallet - TaxACT

As the weather finally begins to warm up and the layers of clothes decrease, people anxiously throw on their gym shoes or do a few crunches before bed. Who hasn’t seen dozens of magazine covers proclaiming a quick way to get your body “beach ready?” Other than feeling good in a bikini (or speedo), staying […]

Becoming Smarter About Money Doesn’t Have to be Boring

Becoming Smarter About Money Doesn’t Have to be Boring - TaxACT

Money isn’t the root of all evil. That title truly belongs to ignorance. Ignorance can leave intelligent people crippled with fear about what to do with their savings account or prevent them from understanding how to properly use/utilize credit cards. Ignorance — with a dash of laziness — can be what keeps someone from contributing […]

5 Reasons You Overspend—And How to Avoid Them

5 Reasons You Overspend—And How to Avoid Them - TaxACT

Have you ever checked your bank balance partway through the month and wondered where all your money went? Spending as much money (or more) than you make each month won’t lead to long-term financial security, but many people do it. If you consistently struggle to cover your bills each month, then a solution might be […]

7 Common Questions about Cost Basis

7 Common Questions about Cost Basis - TaxACT

What is cost basis, and how do you go about finding it? You’re making great progress on your tax return, when suddenly you need to enter something called a “cost basis” for an asset. If only that were as simple as remembering what you paid for the asset. Here are 7 questions and answers about […]

How Much of My Mortgage Payment is Tax Deductible?

How Much of My Mortgage Payment is Tax Deductible - TaxACT

How much of your monthly mortgage payment is tax deductible? The short answer is more than you might think, but not as much as you might hope. Depending on how your mortgage is set up, your monthly payment likely includes principal, interest, taxes, and insurance, also known by the acronym PITI. Let’s take a look […]

10 Essential Tips to Make Filing a FAFSA Easy

10 Essential Tips to Make Filing a FAFSA Easy - TaxACT

Filing a FAFSA (Free Application for Federal Student Aid) is an important step when getting ready for college. These tips can make filing the application for financial aid easier. If you or someone in your household is planning to go to college, you’ve probably heard of FAFSA, or Free Application for Federal Student Aid. The FAFSA […]