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Tag Archives: tax planning

Smart Financial Moves to Make During the Holiday Break

getting finances on track

As we count down the last few days until the end of the year, here’s to hoping everyone gets a little time off. Obviously, you’ll want to spend some time with friends and family, but hopefully there will be a little downtime as well. Sure it’s fun to binge watch a TV series or watch cute animal videos, but there are also some smart financial moves to make during the holiday break. Set up a System to Track Finances Whether you use Excel, Google Docs, or a notebook and pen, tracking income and spending is one of the most important financial steps you can take if you want to take control of your money. Spend a little time learning what you spend money on and where there is room for improvement. You can also set up a free account with Personal Capital and let them do the heavy lifting for you. Not only can Personal Capital track finances, they also offer tools to check investment fees and calculators to make sure you retire with enough money to live on. Start Planning for Next Year’s Taxes Sure you have until April 15th to complete tax filing, but now is the perfect time ...

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Tax Season: Get Out the Calculator and Bottle of Aspirin

The following is a guest post. If you are interested in submitting a guest post, please contact me.  For some people, taxes aren’t that big a deal. They fill out their 1040EZs, send them off, collect their refunds and that’s it. For others, taxes are more complicated and can become quite stressful. Here are some tips to help you get through tax season (hopefully) unscathed. 1. Get organized early. The earlier you start organizing your files and receipts for tax season the easier your taxes are going to be to complete. The best time to start is at the beginning of the year by setting up the system for the next twelve months. If you weren’t able to do that last year, though, don’t worry. Just start now!

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