Solutions to Make Better Decisions with Your Money

4 Tips on How to Improve Your Credit Score

4 Tips for How to Improve Your Credit Score - TaxACT

Your credit report and credit score are two of the most vital measurements of your financial health. Tweet this Properly caring for them puts you in the position to save thousands of dollars during the course of your life. Why? Because your credit report and credit score play a large role in determining how high […]

5 Money Myths Debunked

Money Myths Debunked - TaxACT

Everyone has an opinion about money and how it should be spent. Ever hear that you should avoid debt at all costs? Or that home ownership should be your ultimate financial goal? Well, those are common beliefs, but they aren’t necessarily true for everyone. Here, we look at five all too common money myths.

8 Kinds of Debt You Can’t Lose in Bankruptcy

8 Kinds of Debt You Can't Lose in Bankruptcy by TaxACT

When people go through a financial crisis, sometimes bankruptcy is the best or only solution. For example, when someone has insurmountable debts, often due to one-time events such as divorce, catastrophic illness, or business failure, bankruptcy may be the best way to overcome debt that person has no way of ever paying back. By “bankruptcy,” […]

Weekly Favorites: Don’t Get Sucker Punched By Your Own Debt Denial, plus more

TaxACT Weekly Favorites - October 18, 2013

TaxACT Weekly Favorites:  October 18, 2013 Don’t Get Sucker Punched By Your Own Debt Denial via Jeff Rose “Oh, we don’t have that much debt. Our house is paid off. We don’t have that many consumer loans.” These famous last words were uttered by a couple who had come to me for help with retirement planning. Or […]

Should You Be Using Cash or Credit?

Should You Be Using Cash or Credit - TaxACT

Should I use cash or credit? This is a question that many consumers are asking because of the current economic uncertainty in our nation. In fact, revolving credit—largely made up of credit card debt—fell by nearly 20% last year according to the Federal Reserve. Credit card usage is definitely slowing due to less borrowing by […]

The 7 Basics of Personal Finance Management

The 7 Basics of Personal Finance Management

Have you started managing your personal finances? Need some actionable tips you can put to use today?

You don’t need to start earning a six figure salary or own a business spanning several states before you start managing your personal finance. In fact, if you delay, you might never achieve your financial objectives.

Here are the basics you need to know and practice.

A Little Known Secret to Save Your Credit

Using Debt Consolidation Loans to Save Your Credit

Unlike your traditional loan, debt consolidation loans are used to pay off outstanding debts. All of your debt is added up to create the amount.

Instead of paying a number of different creditors each month, you take out one big loan and pay off all those accounts. Then you make a single payment on that loan once a month.

Although it is possible to use debt consolidation loans for debts that are already on your credit report, it is better to use this option before the debt goes to your credit, in order to save it.

Pay Off Debt: 5 Tools to Help You Become Debt Free

5 Tools to Help You Beat Debt Fatigue - TaxACT

Are you currently trying to pay off debt? If you just started the journey, it can be quite exciting can’t it? All you can think about is being completely debt free and you dream of the day that it actually happens. Every extra penny that you earn is set aside to pay off your debt […]

Home Mortgage Tips: Don’t Do These 6 Things

Home Mortgage Tips: 6 Things NOT to Do to Maximize the Value of Your Loan - TaxACT

Have you just recently put an offer on a new home? Are you in the process of shopping around for a lender? Here are 6 home mortgage tips, Do Not’s, on how to make smart moves as you prepare to buy a home or even when you want to maximize your money during a refinance […]

Set a Budget: The Gap Between What You Can Afford and What You Want

The Gap Between What You Can Afford and What You Want - TaxACT

Do you head into a purchase with a budget but end up spending far more than that amount? Here’s a theory… The gap between what you can afford and what you want can be measured by how well aspirational marketing works on you. If aspirational marketing works well on you, (read: Real Housewives, Dom Perignon […]

Weekly Favorites: Paid Off $90k in Debt, Tax Savings for Parents, Standard or Itemized Deductions, Changes to W-2 Form

Weeklyk Favorites: February 8, 2013 by TaxACt

Weekly Favorites: February 8, 2013 I Paid Off $90,000 of Debt in Just Three Years via LearnVest It’s funny how you can do all of the right things–go to college, get a job–and then one day wake up with crushing debt. It took a lot of hard work–and some serious creativity–but three years later, I’m […]

7 Steps to Creatively Pay Off Debt

7 Steps to Creatively Pay Off Your Debt by TaxACT

Are you overwhelmed with debt? Or do you have some debt but just can’t seem to get to that last payment? In some circumstances, debt is unavoidable. However, what can be avoided is how far you allow yourself to sink into debt. Fortunately, it’s never too late to turn around your priorities and start climbing […]

Weekly Favorites: 5 Tips for First Time Filers, Steps to Become Debt Free, Organize Tax Records Now

Weekly Favorites: February 1, 2013 by TaxACT

Weekly Favorites: February 1, 2013 5 Tips for Filing Your Taxes for the First Time by TaxACT Are you feeling a bit overwhelmed about the whole process? Filing a tax return for the first time can be intimidating. Here are 5 tips to help you through the process. Continue reading… 10 Steps to Become Debt […]