Better Financial Counseling Network
Better Finances. Better Living.
Better Financial Counseling Network
Better Finances. Better Living.
Many of us taxpayers find that our tax refund slips through our fingers within a few weeks of receiving it. And some of us wished we had saved all, or at least some, of it. What should you do with your tax refund? If you are among the want-to-be savers, here are a few ideas …
Are you an Investor? If you are an investor or do you want to be one? (Note: If you have a 401K, TSP or IRA you are an investor) If yes, then bookmark and check-into Investor.gov. It will be helpful for you. Seek out Trusted Sources of Information: Investor.gov is operated by the United States’ …
As you ring in the New Year, the accredited financial counselors of Better Financial Counseling wish you a prosperous and joyful year to come. Photo by Ian Schneider on Unsplash
We know it is difficult to imagine that a government program may not have worked as well as expected…but the Public Service Loan Forgiveness (PSLF) Program happens to be a government program that has generated quite a bit of disappointment. Since inception only 2.1% of applicants have had their loans forgiven. The process has caused …
What you should know: As an accredited financial counselor myself, I am a bit biased on this topic. However, the answer as to whether or not you should speak to a financial counselor happens to be my favorite two-word personal finance answer: it depends. It depends on where you are in life, if there are …
For 2021 Congress made a big change to the Child Care and Dependent Credit, which helps families cover child care costs -usually a little, but now maybe a lot more. The child care credit typically applies for a child under 13 or a disabled dependent. Also, the taxpayer (and spouse, if filing Married Filing Jointly(MFJ) …
Recovery Rebate Credit and the Third Stimulus Payment: Many taxpayers experienced the Recovery Rebate Credit (RRC) for the first time when filing their 2020 tax return this year. Next year, we’ll have a Recovery Rebate Credit again for the 2021 tax return. Since the credit this time is tied to the 3rd stimulus payment, which …
We haven’t seen it in the news much, but the U.S. government has approached it’s debt limit. Again. And the U.S. government needs to approve a budget or else. Again. The U.S. Treasury has warned that they are using “extraordinary measures” to avoid reaching the limit and can do so for maybe another 3 or …
The NOT-SO-GOOD Way to Buy a Vehicle: Often when we buy a car we are focused on a car loan and the monthly payment amount. So much so, that some car dealerships use that to leverage you into a more expensive car – “we can get your payments down to…” Just remember that typically the …
Your nearly new car has just been in an accident and insurance says it will have to be totaled. They’ve offered you an amount thousands below what you owe on the vehicle. This is a scenario where GAP insurance (before the accident) is needed. GAP insurance is Guaranteed Asset Protection insurance. Typically, when a car …