paycheck
Is a Checking Account Good for Your Credit Score?
Even though checking accounts can be the heartbeat of your financial transactions, opening one of these accounts usually doesnât help your credit score. Note the use of the word âusually,â though. As time passes after you open your account, a well-maintained banking life can be a vital step towards building a positive financial history. On […]
The post Is a Checking Account Good for Your Credit Score? appeared first on SoFi.
5 Cash Management Strategies You Should Know
Cash management is a term often used by businesses to determine how much revenue coming in is available for day-to-day operations, and how much is available for investing in the future of the business. But cash management is important for individuals, too. Your own personal balance sheet is not unlike that of a business. You […]
The post 5 Cash Management Strategies You Should Know appeared first on SoFi.
Chapter 1: What Is a Budget & How to Create One
Creating a budget can offer you peace of mind and give you more confidence in managing your finances. A budget can help make you more aware of how you spend your money, and the places where you may be spending…
Full Story
The post Chapter 1: What Is a Budget & How to Create One appeared first on MintLife Blog.
Chapter 4: How to Create a Budget
Having a budget helps to create more financial stability in your life so you can finally feel more at ease with your finances. Tracking your expenses helps to make you more aware of how much youâre spending compared to how…
Full Story
The post Chapter 4: How to Create a Budget appeared first on MintLife Blog.
Earnin App Review 2022: Paycheck Advance Loans
Sometimes youâre a bit short on cash and your payday is a few too many days away. What financial tool could help you out in such a situation? The Earnin app might be the solution to help you stay on track with your finances. An alternative to payday loans, the Earnin app promises to give [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Chapter 8: Zero-Based Budgeting 101
Putting your money to work is one of the best ways to maximize your financial potential. Whether you make six figures a year or minimum wage, every dollar you bring in is an opportunity to make more. But strategically allocating…
Full Story
The post Chapter 8: Zero-Based Budgeting 101 appeared first on MintLife Blog.
2021 Tax Returns: What’s New on the 1040 Form This Year
Time is running out if you haven’t already filed your 2021 federal tax return. For most people, the tax return filing deadline is April 18 this year (residents of Maine and Massachusetts get one extra day). So, for all you tax procrastinators out there, it’s time to get moving. One of the first things you should do is collect and organize your tax records. If you’re going to file your own 1040, you should also check out tax software options. If you need more time to file your return, request a tax filing extension (although you’ll still have to pay any tax you expect to owe). And, no matter when you fill out your 2021 tax return, you first want to familiarize yourself with the tax law changes that may impact it.
Many (but not all) of the new items on the 2021 1040 form come from the American Rescue Plan Act, which was enacted last March. This Covid-relief bill made changes to the child tax credit, child and dependent care credit, earned income tax credit, and more. Other changes stem from the expiration of earlier Covid-related provisions that expired at the end of 2020. There are a few modifications to some of the main 1040 schedules, too. And, of course, there are the normal inflation-based adjustments that occur every year.
There are many reasons why you should know and understanding these changes up front. First and foremost, it very well may result in a larger tax refund or a smaller tax bill. You’re also likely to get through your return faster if you’re already aware of any new twists and turns. If someone else prepares your 1040, it will be easier to catch any errors when you review the return. But since “Tax Day” is right around the corner, you don’t have much time left to get up-to-speed on what’s new and changed for your 2021 tax return. So take a look at our list below and study up now so you know what to look for before tackling your 1040.
- SEE MORE 11 Reasons to File a Tax Return Even If You Don’t Have To
Chapter 7: Using the 50-30-20 Rule to Budget
So far in this series, weâve answered important questions about budgeting, such as âWhat is a budget?â and âWhy is budgeting beneficial?â This series has been focusing on how using a budget can help you keep your spending in check…
Full Story
The post Chapter 7: Using the 50-30-20 Rule to Budget appeared first on MintLife Blog.
Chapter 10: Set Up Your Mint Goals
This is the last chapter in our budgeting series, and weâll be talking about how to set goals in Mint. Once youâve created your budget and have learned how to successfully manage it, you should then set goals for yourself….
Full Story
The post Chapter 10: Set Up Your Mint Goals appeared first on MintLife Blog.