• Home
  • Small-Business Marketing Statistics and Trends
  • What Is Mobile Banking?
  • How Student Loans Affect Credit Score?
  • Refinancing an Inherited House
  • How to Build a Kitchen?

Hanover Mortgages

The Refined Mortgage Lending Company & Home Loan Lenders

tax time

Apache is functioning normally

May 26, 2023 by Brett Tams

In the past, you had to drive to your bank and work with a teller to manage your deposit accounts. These days, however, you have the option to complete virtually any banking need with any device that has internet access. You can pull out your smartphone and deposit a check. Or you may use your laptop to check your account balance.

That’s where banks called neobanks come in. It’s no surprise that neobanks are more popular than ever before. Let’s take a closer look at what they are and how they work so you can decide whether a neobank makes sense for your particular situation.

20 Best Neobanks

While traditional banks take up more market share than neobanks, you can still find a good amount of them if you do your research and shop around. The right neobank for you will depend on your unique lifestyle, needs, and preferences. To help you hone in on the ideal option, here’s our list of the top neobanks of 2023.

1. Chime

Founded in 2012, Chime is a financial technology company that offers banking services from The Bancorp Bank, N.A. and Stride Bank N.A. The Chime Checking Account is free of monthly maintenance fees and no minimum balance requirements.

Its perks include early direct deposit, automated savings features, access to over 60,000 or more fee-free ATMs, and free debit card replacement. In addition, you can take advantage of SpotMe and get up to $200 in fee-free overdrafts.

There’s also a Chime’s Savings Account, which offers a competitive interest rate with no cap on the amount of interest you can earn. Other services include Secured Chime Credit Builder Visa® Credit Card that doesn’t require a credit check, making it a suitable option if you have limited credit. Chime should be on your radar if you prefer a one-stop-shop for all of your banking needs.

You can read our full Chime review to learn more.

2. GO2bank

For more than a decade, Green Dot Corporation has specialized in alternative banking products. In 2013, GoBank made its debut as the first digital bank offering digital financial services. Then, in 2021, the company launched GO2bank, its second online bank.

GO2bank stands out from other neobanks which require you to sign up online because you can pick up their debit cards in person at Walmart and other popular retailers. GO2bank’s bank account tends to be a popular product in addition to its secured credit card that can help you build credit.

For a comprehensive overview, read our full GO2bank review.

3. Current

Since its inception in 2015, Current, which is not a bank, but a fintech company based in New York City, has partnered with Choice Financial Group and Metropolitan Commercial Bank to offer banking services. Its flagship products are a personal checking and debit card you can access via a mobile app on any iOS or Android device.

Even though Current’s product line is limited, the neobank prides itself on no shortage of perks and benefits. You can get your deposit up to two days early and earn cash back for debit card spending from more than 14,000 merchants. Additionally, Current doesn’t charge minimum balance fees or bank transfer fees and offers fee-free ATM withdrawals from ATMs in the Allpoint network.

If you would like to learn more, take a look at our Current review.

4. Revolut

Founded in 2015, Revolut is one of the largest European neobanks, serving more than 16 million customers. It has expanded its footprint to the U.S. market and has plans to become one of the most reputable neobanks in the world.

Revolut is unique in that it offers a wide array of financial services, such as bank accounts, debit cards, peer-to-peer payments, cryptocurrency, and currency exchange. It supports both individual consumers and businesses with more than 30 currencies. For a neobank with a diverse lineup of offerings, Revolut has you covered.

To learn more, read our full Revolut review.

5. Quontic Bank

Quontic Bank is a full-service, FDIC-insured online bank that was founded in 2002. It offers a range of banking products and services, including checking and savings accounts, credit cards, mortgages, and business banking solutions.

They offer some of the best annual percentage yields (APYs) in the industry. Quontic accounts come equipped with no overdraft fees, no incoming wire transfer fees, no monthly service fees, and access to over 90,000 surcharge-free ATMs.

Quontic also has a savings accounts feature called “Roundup”, which makes saving money simple and easy. In addition, they have a responsive U.S. based customer service team available to assist with any questions or concerns.

Read our full Quontic review for more information.

6. Dave

When Dave began in 2017, its sole focus was paycheck advances. Over time, it evolved to offer a checking account with no minimum balance requirements. If you become a Dave customer, you can receive early access to your paycheck, without a credit check or interest charges.

Dave also offers handy built-in budgeting features and doesn’t charge overdraft fees or ATM fees, as long as you use an ATM from the MoneyPass network. Dave may make sense if you’d like the option for small cash advances to get you through a financial hiccup from time to time.

See also: Free Online Checking Accounts: No Opening Deposit Required

7. Albert

Albert began as a money management app in 2016, but is now a personalized banking service that has attracted over 6 million customers. This digital banking account offers cash back and a range of benefits.

These including no-interest cash advances of up to $250, integrated budgeting and savings tools, and annual savings bonuses of up to 0.10%. There are no minimum balance requirements or overdraft fees. However, there is a minimum monthly fee of $4. Keep in mind that you’ll need to have an external bank account to open an account with Albert.

8. Varo

Varo Bank began in 2015 as a fintech company that partnered with The Bancorp Bank. In 2020, it acquired its own national banking charter, making it different from other neobanks you might come across. Even though Varo operates as an actual bank, it focuses on online banking via its website and mobile app.

Its checking account is free of monthly fees and there’s no minimum balance requirement. Plus it comes with a debit card. In addition, Varo partners with more than 55,000 ATMs through the Allpoint ATM network.

We can’t forget its other perks, such as contactless payments, credit cards with reporting to the major credit bureaus, early direct deposits, and no foreign transaction fee or transfer fees. Varo might be worthwhile if you’re looking for a checking account with all the bells and whistles.

Read our Varo Bank review to learn more.

9. Aspiration

Aspiration was founded in 2013 under the motto “Do Well. Do Good.” It partners with financial institutions like Coastal Community Bank and Beneficial State Bank to offer cash accounts, savings accounts, and a few investment accounts.

Aspiration’s most popular product is the Aspiration Spend & Save Account, which is a hybrid of a checking account and savings account. There’s also the Zero credit card, which offers cash back and plants a tree every time you make a transaction. Aspiration can be a good fit if you’d like to get rewarded for your spending and like the idea of one account for your checking and savings goals.

Read our full review of Aspiration to learn more.

10. Bluevine

Bluevine made its debut in 2013 as a fintech company with a mission to improve banking for small and mid-sized business owners. Its flagship product is the Bluevine Business Checking. It’s completely free and comes with a competitive annual percentage yield and unlimited transactions. This is rarely seen in the world of business checking.

In addition to the business checking account, Bluevine offers financing products, such as lines of credit of up to $250,000. Bluevine should be on your radar if you’re a business owner in search of fast, convenient startup banking and financing.

11. SoFi

Social Finance or SoFi entered the market as a student loan refinance company. Recently, however, the fintech company received its own bank charter to offer digital banking services. You can use the SoFi Checking and Savings combo account to manage your spending and saving needs in one place.

Fortunately, SoFi doesn’t charge monthly maintenance fees, overdraft fees, and ATM fees. Additional perks and extras include no-fee overdraft coverage, sub accounts for various savings goals, and additional products like credit cards, cryptocurrency trading, and retirement accounts, like an individual retirement account.

Read our full review of SoFi to learn more.

12. Acorns

Acorns has a reputation as an easy-to-use micro investing app. Since 2012, many people have downloaded it on their iOS or Android devices to invest their spare change. Over time, Acorns has expanded to offer a checking account.

You can open Acorns Checking for free and enjoy perks such as no monthly or overdraft fees, early direct deposit, mobile check deposit, and access to a network of 55,000 ATMs.

The checking account seamlessly integrates into the Acorns micro investing feature. Plus when you use your Acorns debit card, you can earn cash back at participating retailers and use it to invest, along with your spare change. If you’d like to get started with investing, Acorns is worth considering.

13. One

One is a neobank owned by Walmart. It offers a budget-friendly overdraft program with customized budgeting and savings options for its customers. One’s banking account allows users to organize their money into subaccounts called Pockets.

Pockets offer saving rates of 1% on up to $5,000 for any customer and 1% on up to $25,000 for customers with direct deposit. Additionally, One provides fee-free overdraft coverage of up to $200 for customers with direct deposits of at least $500 per month.

14. Cheese

Cheese is a digital banking platform that was launched in March 2021 and caters specifically to the immigrant and Asian American communities. It offers up to 10% cash back at 10,000 businesses, including Asian-owned businesses and restaurants.

Cheese’s customer support is available in English and Chinese, with more languages to be added in the future. One of the benefits of opening an account with Cheese is that accounts earn interest and do not have monthly fees or ATM fees when using the national MoneyPass ATM network.

15. Unifimoney

Unifimoney is a money management and investment app that helps you manage your banking, investing, and borrowing needs all in one place. It caters to account holders who earn at least $100,000 per year but have significant amounts of student debt. You can download Unifimoney to pay bills, deposit checks, and write checks.

It’s unique in that it also allows you to refinance student loan debt and can create a diverse investment portfolio with particular stocks, cryptocurrencies, precious metals, stocks, and exchange-traded funds (ETFs).

In addition, you can turn to Unifimoney for insurance products, like car insurance and health savings accounts (HSAs). If you’d like to get started with Unifimoney, open the Unifimoney high-yield checking account with as little as $100.

16. NorthOne

Headquartered in New York and founded in 2016, NorthOne offers digital business banking services. If you’re a startup, entrepreneur, or small business owner, NorthOne can be a good fit. It differs from other banks that serve businesses in that there are no transaction limits that require premium upgrades.

You can open a business bank account for a flat $10 monthly fee and won’t have to worry about additional fees for deposits, transfers, ACH payments, or app integrations. In addition, you’ll get to create as many “Envelopes” or sub accounts as you want so you can save for payroll, taxes, and other business needs.

17. Oxygen

San-Francisco based Oxygen focuses on two accounts: the free thinker account for individuals and the pioneer account for business users. Even though it doesn’t charge fees, like monthly fees, ACH fees, and overdraft fees, you will have to pay an annual fee that can go up to a few hundred dollars.

While most neobanks don’t allow for cash deposits, Oxygen does. As long as you have an Oxygen bank account, you can make deposits at GreenDot locations, which are usually located inside popular retailers, like Walmart, Walgreens, and CVS. If you don’t mind paying an annual fee and like the convenience of being able to deposit cash, Oxygen is worth exploring.

18. Bella

Bella is a fairly new player in the neobanking space. Its partner bank is nbkc bank, which allows it to provide banking services. With Bella’s checking account rewards program, you can receive a random percentage of cash back on randomly selected purchases.

The cash back amount may be anywhere from 5% to 200%. Like most neobanks, Bella doesn’t charge monthly fees, ATM fees, and overdraft fees. You can also opt for a no-fee savings account. Bella accounts are FDIC insured for up to $5,000,000.

19. Lili

Lilli services small business owners and believes that managing two accounts is a hassle. That’s why this neobank offers a single account you can use for both your business and personal transactions.

Come tax time, Lili will eliminate financial stress and let you automatically save a certain percentage of your income into a “tax bucket.” Plus, it produces quarterly and yearly reports instantly, reducing your tax prep costs. While the Lili Standard account is free, Lili Pro will run you a couple dollars per month.

If you upgrade to Lili Pro, you’ll get cashback rewards on all your debit purchases and 1% interest on your savings accounts. Lili could be a solid pick if you’re a freelancer or solopreneur hoping to simplify your finances.

20. Monzo

Monzo is a UK-based neobank that just opened up to the U.S. market in late 2022. All accounts are insured by the FDIC for up to $250,000. Plus fee-free withdrawals are available at more than 38,000 ATMs.

Furthermore, Monzo is similar to Aspiration as it strives to protect the planet. Additionally, this neobank offers budgeting tools that can help you meet various savings goals.

What is a neobank?

Often called challenger banks, neobanks have recently entered the financial services industry and challenged banking norms. Most neobanks are financial technology or fintech companies that offer the same banking services you may find at traditional banks, like Bank of America or PNC.

But they promote innovation and act like digital only banks or online banks as they don’t have any physical branches and operate via apps. Most of these apps are user-friendly and loaded with a variety of handy features, such as early deposit and savings tools to simplify the banking experience. They are specifically designed to give you greater control of how you manage and spend your money.

Also since neobanks don’t have any physical branches, their overhead costs and customer acquisition costs are low and enable them to offer more affordable banking products and services. Many neobanks let you choose from a number of free and paid premium subscription services.

Are neobanks safe?

Since neobanks are fairly new and different from many traditional banks, you might wonder whether they’re safe. Fortunately, most of them are very safe because they operate within a regulated market.

These financial institutions typically work with U.S. banks to offer FDIC-insured accounts, which protect your money from potential bank failures and the losses that come with them. To help determine if a neobank is safe, check out their ratings and reviews on reputable websites like the Better Business Bureau (BBB).

Neobanks vs. Traditional Banks

To further explain neobanks and their modern spin on traditional banking, let’s take a closer look at how they differ from traditional banks.

Neobanks

Neobanks operate without physical branches. To take advantage of their offerings, you’ll likely need to download an app and provide some personal information.

While you can expect fewer banking and credit products than you’d find at traditional banks, you’ll reap the benefits of lower fees and extras that improve the overall banking experience.

Some neobanks have decided to expand their lineup of products and services to create more of a one-stop-shop you’d get from a traditional bank. Since most neobanks don’t earn money from lending, like incumbent banks, their business model depends on interchange fees or transaction fees, which usually come from debit cards. They might also charge for premium accounts and extra features.

Traditional Banks

Traditional banks often have brick-and-mortar locations across the country or in a specific geographic region or area. But many of them also have digital banking divisions in which you can perform banking services online.

Most banks focus on strong customer relationships and earning interest through loans as well as account fees from banking, lending, and investing. They typically target customers who appreciate customer engagement and a traditional in-person banking experience.

See also: Best Alternatives to Traditional Banks

Pros & Cons of Neobanks

Just like all types of financial institutions, neobanks have benefits and drawbacks you should consider, including:

Pros

  • Lower fees: Compared to traditional banks, neobanks offer lower fees. That’s because they don’t have the high overhead costs associated with the upkeep of physical branches.
  • Higher rates: Neobanks often pride themselves on higher interest rates on their checking and savings accounts. This can make it easier and faster for you to save money.
  • Convenience: Perhaps the greatest benefit of neobanks is the convenience they bring. You can perform a variety of banking tasks, like depositing checks or making payments from your smartphone device, round-the-clock.
  • Easy access: You can manage your banking 24/7 without ever having to leave your home and visit a local branch. All you have to do is download an app from the app store.
  • Simple setup: It’s usually fast and easy to open an account with neobanks. Many of them will approve you, regardless of your credit score or credit history.
  • Focused services: While most neobanks don’t offer all the services you might find at traditional banks, the few services they do provide focus on service quality and are typically loaded with perks and benefits. For example, you can get a no fee checking account with cash back rewards.

Cons

  • No bank charters: Neobanks don’t have bank charters. Instead, they often partner with traditional banks to insure their products. Before you move forward with a neobank, ensure they partner with a Federal Deposit Insurance Corp or FDIC-insured bank and offer their own FDIC insurance.
  • Customer service restrictions: Since neobanks operate on app instead of through physical branches, customer service can be a downside. You may have to turn to chatbots or social media for basic banking questions and support. If you notice fraud in your account, it may be more difficult to resolve the issue.
  • Fewer services: Traditional banks usually pride themselves on a long list of services, including loans, wealth management, and brokerage services. Neobanks, however, tend to limit their offerings to checking accounts and savings accounts.
  • Unproven track record: Neobanks are still in the startup phase as many made their debut within the last few years. This means that they may fail and force you to look elsewhere for your banking needs.
  • Require knowledge of technology: While most neobank apps are intuitive and designed for the average person to use with ease, they may still be inconvenient for some people. If you don’t consider yourself tech literate, a neobank might not make sense.

Bottom Line

There’s no denying that neobanks have revolutionized the banking industry and financial industry. If your primary goal is convenience and you prefer mobile or online banking, a neobank can be a great alternative to a traditional bank or legacy bank. Just make sure you explore all your options and read the fine print before you choose one.

Source: crediful.com

Posted in: Credit 101 Tagged: 2, 2016, 2017, 2021, 2022, 2023, About, ACH, Acorns, acquisition, actual, affordable, All, Alternatives, android, annual savings, app, Appreciate, Apps, Asian, ATM, average, balance, Bank, bank account, bank accounts, bank of america, Banking, banks, basic, before, Benefits, best, bills, bonuses, borrowing, brick, brokerage, bucket, Budget, Budgeting, budgeting tools, build, build credit, builder, Built, business, car, Car Insurance, cash back, Cash Back Rewards, Checking Account, Checking Accounts, Chime, choice, city, Commercial, Community Bank, companies, company, cons, Consumers, contactless, Convenience, country, couple, Credit, Credit Bureaus, credit card, credit cards, credit check, credit history, credit score, cryptocurrencies, cryptocurrency, currency, currency exchange, Customer Engagement, customer service, Debit Card, debit cards, Debt, deposit, deposit insurance, Deposits, Digital, Direct Deposit, earn interest, Earn money, earning, engagement, ETFs, experience, FDIC, FDIC insurance, FDIC insured, Features, Fees, Finance, finances, Financial Services, Financial stress, Financial Wize, FinancialWize, financing, Fintech, fraud, Free, friendly, funds, future, get started, goal, goals, good, great, green, GreenDot, health, health savings accounts, history, home, in, Income, industry, Insurance, interest, interest rate, interest rates, internet, internet access, Invest, Investing, investment, investment portfolio, iOS, Learn, legacy, lending, Lifestyle, list, loan, Loans, Local, low, LOWER, maintenance, Make, making, manage, market, Media, mobile, Mobile App, Mobile Check Deposit, model, modern, money, Money Management, More, Mortgages, most popular, Move, needs, neobank, neobanking, new, new york, new york city, no fee, offer, offers, Online Banking, Opening an Account, or, organize, Other, overdraft, overdraft fees, pay bills, paycheck, payments, Personal, personal information, place, plans, plants, Popular, portfolio, premium, prep, products, pros, protect, quality, questions, random, rate, Rates, ratings, Refinance, Relationships, Research, restaurants, retirement, retirement account, retirement accounts, Review, Reviews, rewards, right, safe, save, Save Money, Saving, saving money, savings, Savings Account, Savings Accounts, Savings Goals, search, second, secured credit card, shortage, simple, single, Small Business, social, Social Media, sofi, space, Spending, startup, stocks, stress, student, student debt, student loan, student loan debt, subscription services, target, tax, tax time, taxes, Tech, Technology, time, tools, trading, traditional, traditional banks, Transaction, transaction fees, under, unique, upgrade, upgrades, upkeep, visa, walgreens, walmart, wealth, wealth management, Websites, will, work

Apache is functioning normally

May 23, 2023 by Brett Tams

Americans donate billions of dollars each year to nonprofits — both at home and abroad. That money is essential to helping those nonprofits carry out their missions.

But how do you know that money will be used the way you want?

If you’re donating money to a charity, take a minute to make sure you know where your money is going first.

3 Things to Consider Before Donating Money to a Charity

If you have the money to make donations — or even if you don’t, but feel strongly about a certain cause — it’s important to evaluate the charity first.

Are donation dollars helping support a worthy cause — or supporting high administrative costs?

You want to get the most out of your donation dollars. Here are some tips to help.

1. Make Sure You’re Donating to a Legitimate Organization

It never hurts to check out the charity’s profile on a watchdog site such as Charity Watch or Charity Navigator.

You can search the organization and find its address, mission statement, tax filing status and total expenses vs. total contributions.

Charity Watch will also tell you how much it cost the charity to raise $100, which can be a sign of the organization’s efficiency (or lack thereof).

Charity Watch gives organizations a letter grade, like A, B or C. Charity Navigator rates organizations on a scale of one to four.

2. Know Where Your Money Is Actually Going

You don’t want your hard-earned money to go into someone else’s pockets — unless that’s who you donated it to.

The number that can help you understand where your money is going is called the program efficiency or expense ratio.

Higher efficiency ratios are a good thing. They illustrate a charity’s productivity in providing services in line with its mission.

A general rule of thumb: The most efficient organizations spend at least 75% of their budgets on programs and services, with the rest going toward administration and fundraising costs.

Finding the spending ratio is super simple. Go to Charity Watch and search for an organization. You’ll see a “program expense ratio” that reflects the total expenses a charity spent on programs relative to overhead.

3. Take Note of the Group’s Nonprofit Status for Your Taxes

When you make a donation, check to see if it’s tax deductible. This is important to some donors because donation dollars can be deducted from taxable income. That means it won’t be taxed.

To determine the status of your monetary contribution, look for the charity’s tax status.

You can find an organization’s tax status on Charity Watch or Charity Navigator. Or simply go to the organization’s website, the IRS or GuideStar.

The two most common tax statuses for charities are 501(c)(3) and 501(c)(4).

A 501(c)(4) donation is generally not tax deductible, while donations to 501(c)(3)s are.

As a result, if you’re trying to get a tax break, look for a 501(c)(3) organization before you make your donation.

The IRS has a great resource about charitable donation deductions for those looking to save money at tax time. Read up!

But remember: You can only claim charitable donations if you itemize your taxes. And most Americans don’t itemize.

According to The Tax Foundation, about 87% of Americans took the standard deduction in 2019 instead.

For the 2022 tax year, the standard deduction is $12,950 for an individual, $25,900 for married couples and $19,400 for heads of household.

That means your deductible expenses — including your charitable donations — will need to equal more than $12,950 (or $25,900, if you’re married and filing jointly) to be able to take advantage of a charity tax benefit.

For many of us, that will not be the case.

Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder. Carson Kohler is a former staff writer.

<!–

–>
<!–

–>

Ready to stop worrying about money?

Get the Penny Hoarder Daily

Privacy Policy

Source: thepennyhoarder.com

Posted in: Money Basics Tagged: 2, 2017, 2022, About, Administration, at home, before, budgets, charitable donations, charity, company, contributions, cost, couples, Deductible, deductions, donations, efficient, expense, Expense Ratio, expenses, filing jointly, Finance, Financial Wize, FinancialWize, foundation, Freebies, Fundraising, General, good, great, home, household, Income, irs, job, Make, married, Media, money, More, or, organization, penny, Personal, personal finance, Planning, productivity, programs, Raise, Rates, ready, save, Save Money, search, simple, Spending, standard deduction, stories, tax, tax deductible, tax filing, tax filing status, tax time, taxable, taxable income, taxes, time, tips, unique, will

Apache is functioning normally

May 6, 2023 by Brett Tams

Financing your truck can ease the financial burden of getting on the road as an owner-operator. And the good news is that semi-truck financing can be easier to secure than other business loans if you’re a new business or have bad credit.

Unfortunately, getting a loan for your truck doesn’t erase all upfront costs. Expect to make a down payment, use your truck as collateral and pay fees for the loan, such as an origination fee.

Pros of semi-truck financing

Not only does financing your semi truck lower your upfront costs, but it also provides many other advantages to get your business off the ground. Let’s dig into all the benefits of getting a semi-truck loan.

Fast funding

Semi-truck financing is a straightforward type of loan. You can easily show the lender what you’re using the loan for and the contracts you have to provide income for payments. You’ll also use the truck as collateral, giving the lender a secure reason to approve the loan.

Semi-truck loans can get approved in as little as a few days. But the exact time to get funding depends on the lender, the type of loan and characteristics about your truck.

Tax benefits

You can deduct ordinary and necessary expenses for your semi truck come tax time if you’re a self-employed driver. You won’t be able to use the standard mileage deduction for business vehicles, though, so you’ll need to calculate your exact vehicle expenses.

Those can include:

  • Depreciation
  • Fuel and oil
  • Insurance
  • Leasing costs
  • Log books
  • Lumper fees
  • Maintenance and repairs
  • Registration
  • Tires
  • Tolls and parking fees
  • Truck washing

If you’re employed by a trucking company, your company will pay for these vehicle expenses. However, employees can still deduct travel expenses when away from home, such as lodging, meals and laundry costs.

To deduct travel expenses, you have to meet both requirements:

  1. Be traveling away from home for a period that’s longer than a normal workday
  2. Must stop and sleep to keep up with work demands

No matter what expenses you’re claiming, keep tidy receipts and records to back up what you claim on your taxes.

Tax benefits for financed semi trucks

When you finance a semi truck, you can deduct your annual interest payments on your taxes. You can make this deduction each year for the entire life of the loan.

The IRS also considers your financed vehicle a business asset, which means that you can claim depreciation even though you don’t fully own the truck.

What is Section 179 of the IRS Tax Code?

When you claim depreciation for commercial equipment, you typically depreciate part of the equipment’s value over its usable life. However, Section 179 allows you to deduct part or all of your equipment’s cost during the first year that you place it in service. You don’t have to take the full Section 179 deduction. If you don’t, you can depreciate the rest of your semi truck’s value on your taxes over the life of the truck.

This deduction encourages small businesses to invest in commercial equipment that will grow their business since they can write off the entire cost. Beginning in 2023, businesses can claim a maximum deduction of $1.16 million, according to the IRS. If the total value of your property goes over $2.89 million, you have to reduce the tax deduction by the excess amount.

For example, if you buy a fleet of trucks worth $3,050,000, you exceed the $2,890,000 limit by $60,000. Your total tax deduction for depreciation would be $1,160,000 – $60,000 = $1,100,000 (or $1.1 million).

So unless you buy a fleet of semi trucks, you can deduct the full cost of your owned or financed truck on your taxes.

Bankrate tip

You can only deduct depreciation up to your business’s taxable income for the year. But you can carry over any remaining Section 179 deductions for upcoming tax years.

Spread out the cost of a large purchase

Semi trucks are an integral part of your work as a trucker, but shouldering the entire cost at once may not be feasible or may strain your finances. You can shell out anywhere from $70,000 to $200,000 for a truck, depending on the model and whether it’s new or used.

Financing your semi truck costs more than buying outright since you have interest and fees. But spreading the cost out over three to five years makes payments manageable, and you can pay for the truck as you generate income with it. In other words, let the semi truck pay for itself.

Accessible to startups and bad-credit borrowers

You’ll typically finance a semi truck through an equipment loan, which is a secured loan. Secured loans are less risky to the lender because they can recoup the loan by seizing the asset you used as collateral. Because you can use your high-value semi truck to secure the loan, you could get semi-truck financing even as a new business or with poor credit.

Leasing options

Leasing your truck is ideal if you don’t qualify for a loan or you don’t want to chance defaulting on a loan if your contracts go sideways. Some leasing companies don’t require a down payment and most offer vehicle maintenance packages, helping you get on the road for a predictable monthly payment.

You could also get matched with a much newer truck than you could afford with a loan. Plus, you can opt to buy your truck at the end of your lease. But you might pay more in fees by the end than you would if you financed a truck.

Cons of semi-truck financing

The main downsides to semi-truck financing are the variety of costs that you’ll bear over the life of the loan. Take a look at what costs you’ll be expected to pay.

High purchase costs

Even though you’re paying for it over time, a semi truck is going to cost you tens of thousands of dollars no matter what type of financing you choose.

For example, if you finance a $100,000 truck for seven years at 6 percent interest, you’re looking to pay around $1,461 per month — and that’s with a prime interest rate. Over the life of the loan, you’ll pay an additional $22,712 above the cost of the vehicle. Get an idea of your monthly repayments ahead of time before you apply for a loan.

High interest and loan fees

Most lenders offer their prime interest rates as low as 6 percent if you have a credit score in the upper 600s or higher. But if you have bad credit or you’re a first-time owner-operator, you might see interest rates between 30 and 100 percent.

Let’s put that high interest in perspective. If you finance a $100,000 semi truck for seven years at 30 percent interest, you’ll end up paying around $2,860 in monthly repayments. The total interest for the entire loan would come to $140,181.

Not to mention you have the regular business loan fees to watch for. Depending on the lender, you may pay an origination fee anywhere from 0.5 to 8 percent of the loan amount. You may also pay fees to apply for the loan, get the truck appraised and check your credit.

Requires down payment

You’ll most likely need to put 10 to 20 percent down when getting a loan for your semi truck. The down payment lowers the risk of financing for the lender, which can be helpful if you have subprime credit. But it means you need a hefty sum on hand before you can get your truck.

Requires time in business

Many lenders require that you have a history of truck driving before they’ll finance a semi truck for you. For example, banks may want to see one to two years in the industry, while online lenders may allow as little as a six-month driving history. This requirement makes it difficult for new drivers to become an owner-operator.

Where to find semi-truck financing

There’s no shortage of lenders who offer equipment financing for truckers, although you should compare top lenders and the types of loans they offer to get the best features. We curated a list of lenders to get you started.

Banks

Physical banks offer some of the lowest interest rates, but you may need a credit score around 660 or higher to qualify. Check out what these banks have to offer.

Lender Loan type Best features
Bank of America Equipment loan
  • Loan terms up to 5 years
  • Starting interest rates of 6.50%
PNC Bank Small business vehicle finance loan
  • Loan amounts from $10,000 to $250,000
  • Terms range from 2 to 6 years
TAB Bank Equipment loan
  • Online application
  • Same-day credit approvals
  • Works well for owner-operators or fleets
  • Specializes in semi-truck loans

Online lenders

Online lenders tend to approve loans more quickly than traditional banks and may offer features like early payoff discounts or a flexible payment schedule. See what features you get with these online lenders.

Lender Loan type Best features
National Funding Equipment loan or lease
  • Fast funding
  • Loan interest rates start at 4.99% (simple)
  • Loan terms range from 2 to 6 years
  • Lowest price guarantee for leases
Triton Capital Equipment loan
  • Funding in 1 to 2 business days
  • Interest rates from 5.99% to 24.99%
  • Terms ranging from 12 to 60 months
  • Flexible payments, including annual or seasonal options
SMB Compass Equipment loan
  • Loan amounts up to $5 million
  • Interest rates start at 5.99%
  • Funding in as little as 24 to 48 hours

Direct lenders

These direct lenders specialize in truck financing or equipment loans and work to approve loans quickly. Check out the loans and features they offer.

Lender Loan type Best features
CAG Truck Capital Semi-truck and engine overhaul financing
  • Same-day approvals
  • Specializes in the trucking industry
  • Works with bad credit borrowers
  • Interest rates start at 10.00%
Balboa Capital Equipment loan
  • Loan amounts up to $500,000
  • Same-day funding
  • Terms up to 60 months
Truck Lenders USA Box truck financing
  • 24-hour approvals
  • Finances box trucks in classes 3 to 6
  • Works well for owner-operators or fleets

Bottom line

Financing a semi truck helps you cover the cost of an expensive assetwithout depleting your financial resources before you even get on the road. Yet any business loan will set you back in interest and fees versus buying the truck outright, especially if you apply with poor credit.

Your best bet is to shop around with different lenders to see what types of loans and interest rates you qualify for. If you’re in good financial standing, try a traditional bank for the lowest rates. Otherwise, you might want to work with an online lender or a direct lender that specializes in the trucking industry.

Frequently asked questions

  • Most lenders will finance a semi truck up to five years. Some lenders offer terms as long as seven years, while a few will customize the repayment terms based on your financial situation.

  • If you finance your semi truck through a traditional bank, you’ll need a credit score of 660 or higher. Online lenders typically set their minimum credit scores in the low 600s.If you have poor credit, you can find online or direct lenders that offer loans for bad credit borrowers. You may also be able to get approved with bad credit by offering a higher down payment or extra collateral to back the loan.
  • You’re most likely to get semi-truck financing without a down payment if you go with a leasing company like National Funding or Ryder. Most leases give you the option to buy the truck at the end, so ownership is still possible.If you want to finance without a down payment, you’ll need to find a lender willing to work with you. Having a relationship with the lender will give you a better chance of getting approved. They may also require excellent credit and strong finances to repay the loan, and expect to pay a higher interest rate than you would if you put money down.

Source: bankrate.com

Posted in: Savings Account Tagged: 2, 2023, About, All, asset, bad credit, Bank, bank of america, banks, before, Benefits, blue, Books, borrowers, business, business loan, business loans, Buy, Buying, chance, color, Commercial, company, Compass, cons, contracts, cost, Credit, credit score, credit scores, data, deductions, Discounts, down payment, Drivers, driving, expenses, expensive, Features, Fees, Finance, finances, Financial Wize, FinancialWize, financing, Giving, good, Grow, helpful, history, home, hours, id, Income, industry, Insurance, interest, interest rate, interest rates, Invest, irs, laundry, lease, Leases, leasing, lenders, Life, list, loan, loan interest, Loans, low, LOWER, Main, maintenance, Make, md, model, money, More, new, News, offer, Oil, online lenders, or, Origination, origination fee, Other, ownership, payments, percent, place, poor, price, property, pros, Pros and Cons, Purchase, questions, rate, Rates, Repairs, repayment, risk, seasonal, self-employed, shortage, simple, sleep, Small Business, startups, tax, tax benefits, tax deduction, tax time, taxable, taxable income, taxes, time, title, traditional, Travel, value, vehicles, versus, washing, will, work

Apache is functioning normally

May 4, 2023 by Brett Tams

By Peter Anderson 7 Comments – The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited January 11, 2012.

Last week I talked about a new Lending Club video training course that was just launched by Peter Renton of Social Lending Network. The course goes in depth about how to make wise investing decisions when using Lending Club, and how you can optimize your holdings to get the best possible returns.

If you follow his advice to the T, I’m pretty sure that you’ll be seeing some good positive returns in your account.   If you do in fact make interest and fees in your account, one thing you’ll need to think about is how you’ll be paying taxes on that interest income when it comes to tax time. Remember, you DO have to pay taxes on those earnings!

I’ve been thinking about this lately as I have made more with my account this year than in previous years. Figuring out how much you’ll need to pay in taxes on those earnings can be confusing. So today I thought I’d look at Lending Club and taxes.

Lending Club: Is It Taxable Income?

If you’re using Lending Club, the first question we need to ask is whether or not the interest income is taxable at all.  The easy answer is that yes, the income is in fact taxable.  Depending on when your loans in your account originated, you may be getting a 1099-INT or a 1099-OID to report it.  You may not be getting either of those forms – which is where this gets confusing.  We’ll go into which loan types and origination dates have which reporting forms in a moment.

To get started, however, you’re going to need a few things from your Lending Club account’s statements page.

  • Your monthly account statements
  • Your yearly account statements
  • Your tax statements

Lending Club Taxes

Lending Club Taxes

How Will Interest Income Be Reported For Lending Club?

Depending on when your loans originated you could be receiving either a 1099-INT or a 1099-OID.

  • If you’ve been investing for a while and your loan(s) originated prior to October 14, 2008, you will receive a 1099-INT if the total interest you earned in 2010 for all these loans was greater than $10.
  • If your loans originated after October 14, 2008 you will receive a 1099-OID (Original Issue Discount) to report interest income received on notes where the total interest on that note is in excess of $10.

Here’s where things can get confusing. If you have diversified your holdings across a variety of $25 loans like I have within your Lending Club account, you may not receive either a 1099-INT or 1099-OID at all as you may not have reached the $10 threshold on interest earned on that particular loan.  That, however, doesn’t mean that you shouldn’t be reporting that interest income.  Just that you won’t be getting a 1099 to give you a quick and easy number to report doesn’t mean the IRS won’t come after you if the unreported income comes to light.

How To Report Interest Income From 1099-OID

If you do in fact receive a 1099-OID, you’ll need to report that income on your taxes.

You can report it on Schedule B, Line 1. Want more details about reporting that income, you can find specific details in publication 1212. Page 6 has a section called “how to report”.

Once you get the 1099-OID you’ll want to reconcile the numbers on that form with your year end statement mentioned above to make sure they match.  If they don’t  (and they probably won’t if you invest in individual $25 loans like I do) you’ll need to add on any additional earnings to Schedule B that weren’t reported when you do your taxes.

How To Tabulate Net Earnings

So how do you tabulate your net earnings from your Lending Club account?  You need to take the total of your interest income (reported and non-reported) plus income from fees,  minus losses from charged off loans and minus the servicing fees.

  • Taxable earnings = Interest income + late fees – defaults or charge offs – servicing fees.

To figure out your taxable earnings you’ll just need your year end statement  to get the interest income, late fees and defaults.

The servicing fees, however, aren’t included on the year end statement. For that you’ll need to go to each of your monthly account statements (page 2) and get the servicing fees from there.  It would be nice if they reported that on the year end statement as well, but they currently don’t.

If you had charge-offs (which I don’t), I’ve read elsewhere that you can claim the capital loss on Schedule D by reporting it as a bad personal debt.  As with anything – verify this information for yourself before completing your taxes.

Haven’t Opened A Lending Club Account Yet? Do It Here.

Have you reported interest income on a Lending Club loan before? Tell us your experience in the comments.

Related Posts

Source: biblemoneymatters.com

Posted in: Investing, Money Basics, Taxes Tagged: 1099, 1099-INT, 2, About, advice, All, ask, author, before, bible, Buy, cost, data, Debt, decisions, earnings, entry, experience, Fees, Financial Wize, FinancialWize, get started, good, great, How To, id, Income, interest, Invest, Investing, irs, Learn, lending, Links, loan, Loans, Make, Make Money, meta, money, Money Matters, More, new, or, Original, Origination, Personal, pretty, returns, Servicing, social, tax, tax time, taxable, taxable income, taxes, time, title, Video, will

Apache is functioning normally

May 4, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

Maybe you just graduated college, or you scored your first “grown-up” job, and now you’re looking for a car that suits your transportation needs. Whatever your situation is, there are a lot of factors to think about before purchasing your first car — the most important one being your budget. Be sure to consider these five things to help you decide whether you can fit the cost of a car into your new monthly budget.

1. Your income

The most important factor that affects your bottom line when it comes to purchasing your first car is your monthly income — especially if you’re buying a brand-new ride. Car payments can be pretty hefty, and if you’re not sure about what you can foot out of pocket each month, it can spell trouble down the line.

It’s a good idea to pay as large a down payment as you can comfortably afford so that you can score lower monthly payments. Experts recommend a down payment of at least 20 percent of the vehicle’s total cost.

Before you head to the dealership, think hard about how much you can realistically budget for your car payment each month, in addition to how much you can set aside for routine maintenance and repairs. Even if you’re buying an older, inexpensive car without a monthly payment, it’s still imperative to have some savings in case issues crop up.

2. Your credit score

If you’re new to this whole “being an adult” thing, you might not have much credit. But establishing a solid credit score is crucial to your car budget, since it directly affects your interest rates when financing your first vehicle. Scoring a good interest rate can save you hundreds — if not thousands — of dollars.

If you don’t have any credit, or you have a credit score that needs some improvement, be wary of dealership salespeople who may try to talk you into a longer financing term. You’ll end up paying significantly more interest over the course of the term, which can negatively impact your future finances.

3. Your financing options

If you’re not purchasing your first car outright, you’ll have to finance it in some way. It might seem strange to shop for loans before you go car shopping, but it’ll give you a better idea of what kind of interest rate and loan amount you can expect once the time comes to secure a financing option.

Compare rates from your bank or credit union to other lenders to see who offers the best option for you. If possible, it’s smart to get pre-approved for financing before you walk into the dealership — that way, you know the cards are stacked in your favor.

If you have little or no credit, you may find that it’s best to wait on your car purchase until you’ve improved your score so that you can get a better interest rate. You’ll be able to better afford your vehicle in the long-term.

4. Your research

While researching cars that you’d like to take a look at and test drive, it’s wise to focus on practicality versus the latest sports car. In other words, prioritize what you absolutely need out of a vehicle rather than what you want. This keeps your car payments lower and helps reduce other ownership costs, such as routine maintenance, repairs and fuel expenses.

Look for vehicles that have a solid track record of safety, reliability and inexpensive maintenance. Reference trustworthy sources, such as Edmunds.com, Kelley Blue Book, J.D. Power and Consumer Reports, to find honest reviews and helpful information.

Make sure you also compare prices across multiple dealerships for each vehicle you’ve got your eye on to ensure you get the most bang for your buck.

5. Insurance rates

Once you’ve narrowed down a list of vehicles to shop around for, call around or go online to compare car insurance quotes for each one. It’s key to incorporate your monthly insurance cost into your budget. Not only is liability insurance required in the vast majority of states, but most lenders also require that you carry comprehensive and collision coverages (a.k.a. “full coverage”) for the life of the loan.

To get the most accurate auto insurance quotes, there are a few pieces of information you should have handy:

  • Year, make and model of each vehicle you’re getting quotes for
  • Your social security number, which allows insurers to pull your credit-based insurance score
  • Your driving record and insurance history (if you have one)
  • Your coverage and deductible needs, plus any optional coverages you’d like to carry
  • Purpose of the purchase — whether you’ll be using the car for business, commuting or pleasure
  • Safety and security features on each vehicle, which can score you discounts
  • Vehicle identification numbers (VINs), if possible
  • Address where you’ll be garaging the car (usually your home address)

Though this may seem like a lot to consider when deciding how to include your new car purchase in your monthly budget, it’s best to think about these things ahead of time. You’ll be sound in your purchasing decision and sound with your finances — a win-win!

Haden Kirkpatrick is the director of marketing strategy and innovation at Esurance, where he is responsible for all initiatives related to product and service innovation. He manages the annual planning processes for the marketing and service business units. Haden is an innovator who is constantly thinking about how IoT, blockchain and machine learning will impact the insurance industry. He is also a mobile guru, aspiring yogi and mixed martial artist.

Save more, spend smarter, and make your money go further

  • Previous Post
    What the Finance: It’s Tax Time

  • Next Post
    How to Use Grains for Hearty, Healthy & Cheap Meals

Haden Kirkpatrick

Browse Related Articles

Source: mint.intuit.com

Posted in: Financial Planning, Investing Tagged: 2, 2022, About, All, Archive, author, Auto, auto insurance, Bank, before, blockchain, Blog, blue, book, Budget, business, Buying, car, Car Insurance, car shopping, cars, cheap meals, College, color, commuting, cost, Credit, credit score, credit union, data, decision, Deductible, Discounts, down payment, driving, expenses, experts, Features, Finance, finances, Financial Planning, Financial Wize, FinancialWize, financing, future, good, graduated, healthy, helpful, history, home, How To, id, impact, improvement, Income, industry, Insurance, interest, interest rate, interest rates, IoT, iso, job, layout, lenders, liability, Life, list, loan, Loans, LOWER, maintenance, Make, Marketing, meta, Mint, mint.com, mobile, model, money, monthly budget, More, needs, new, offers, or, Other, ownership, payments, percent, Planning, pretty, Prices, Purchase, Quotes, rate, Rates, Repairs, Research, Reviews, routine, safety, save, savings, security, shopping, smart, social, social security, Sports, states, Style, tax, tax time, time, title, Transportation, vehicles, versus, white, will

Apache is functioning normally

April 30, 2023 by Brett Tams

By Peter Anderson 4 Comments – The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited February 9, 2012.

We’re in the midst of tough economic times and a lot of people are finding themselves in situations where they need to come up with money quickly in order to pay for one debt or another.  Whether it’s IRS tax debt or needing to replace a broken water heater, there are times when people find themselves with a large bill with no emergency fund to pay it.  So what do you do in a situation like that?  For many people the answer is to take out a 401(k) loan.  Up to 3/4 of company 401(k) plans have a provision available to do a 401(k) loan, and up to 30% of people with one of those plans have taken advantage of that and taken out a 401(k) loan.

Taking out a 401(k) loan can be a legitimate road to take if you’re dealing with a serious financial situation like IRS debt or a foreclosure. You should also be aware, however,  that there are risks to taking out a 401(k) loan.

Pros and Cons of 401k Loans

Pros and Cons of 401k Loans

How 401(k) Loans Work

Before we get too far into talking about the pros and cons of the 401(k) loan, let’s look at how they typically work.  Different plans may have different rules and regulations surrounding 401(k) loans, but typically they’re pretty similar.

  • Minimum withdrawals: Most plans will have a minimum amount that you can take out when doing a 401(k) loan, typically anywhere from $500-1000.  They do that in part to try and discourage people from taking out small amounts from time to time to pay for smaller bills, to discourage people from short-circuiting their investment gains.
  • Maximum loan amounts: Typically you’re allowed to borrow up to 50% of your vested balance in your 401(k) account, but no more than $50,000.   Also keep in mind that quite often you won’t be able to borrow from your vested company matching funds, but only personally deposited and vested funds.
  • Payment terms:  Usually 401(k) loans have a 5 year payment term, and the interest rates are usually set at prime rate plus 1%.    If you’re taking out the loan to buy a home, longer terms may be available.
  • Fees to process your loan:  Many plans will charge a fee just to process your loan – a fee anywhere from $50-100.

When taking out a 401(k) loan be sure to know what the provisions and stipulations of doing one are with your company’s 401(k).  Depending on what the fees are, maximum or minimums may be, you may not want to go down that road.

Pros Of Doing A 401(k) Loan

I’m not a huge proponent of doing a 401(k) loan just because I think it short-circuits the gains you could see in your retirement account, and it carries some significant risks.  That being said, there are some situations where I might consider doing one.

For example, if you’re in a situation where you’ve got a large IRS debt that you need to pay, I think a 401(k) loan might be preferable to getting in trouble with the IRS.  You don’t want to go to prison. Or if you’re in danger of going into foreclosure, or losing a vehicle to repossession, you may want to consider it.   Just know the risks.

Here are some reasons why a 401(k) loan can be a good thing.

  • Very little paperwork needed:  Typically a 401(k) loan requires very little paperwork and can be done regardless of if you have an actual need.  In many cases it’s as easy as making a phone call or clicking a few links in your online account.  The only time you may need additional paperwork is if you’re using it for a home loan.
  • Paying yourself interest:  When you get a loan from your bank or a credit card you’re going to be paying interest to them on the loan proceeds.  With a 401(k) loan you’re paying yourself interest.  Sounds like a good deal right?
  • Easy repayment:  Quite often a 401k loan repayment comes directly out of your paycheck.  That makes paying your loan back easy – it comes directly out of your paycheck so you never see the money and feel the pinch of losing it.

While I don’t typically suggest a 401(k) loan, it can be an option if you’re in a pinch and you have to pay off a pressing debt right away.  There are some positives of doing one, but you also have to be aware of the significant risks – which we’ll look at next.

Cons Of Doing A 401(k) Loan

There are some considerable risks to be aware of when doing a 401(k) loan.  If you’re not careful they could come back to haunt you.

  • Fees, fees, fees:  If you’re not careful you could be losing quite a bit of money to fees. There can be loan origination fees, and in some cases annual maintenance fee.  So for example, if you take out a $1000 loan, and then have a $75 origination fee and $25 maintenance fee on a 5 year loan, you would end up paying $200in fees – or 20%.  That’s a steep price to pay.  Be careful to know what fees your plan charges.
  • Defaults, penalties and taxes:  If you go into default on your loan for one reason or another it will mean that the money will be taxed at your normal rate, and you’ll be charged a 10% early withdrawal penalty.  That could mean a huge tax payment when it comes to tax time, something most folks may not be prepared for, especially if the money is already spent.
  • Money taxed twice:    When you repay your 401(k) loan, you’re using post-tax money to repay it.  But since the money is then going back into a pre-tax account, it will then be taxed again when a distribution is taken in retirement.  Double taxation!
  • Moving jobs or being fired means loan comes due: If you end up deciding to move to a new job, or if you get let go from your current job, the 401(k) loan will automatically come due in full – although usually there is a grace period of 60-90 days.  If you can’t pay in that time you’ll be subject to a 10% penalty and your normal tax rate just like a normal default. That can mean upwards of 35-40% in taxes and penalties.  So when tax time comes, you may have a big tax bill at a time when you can least afford it!
  • Lost retirement gains:  When you take money out of your 401(k) you’re taking away from any gains that your retirement funds may have made during the interim.  The cost can be especially great if you take the money out at the bottom of the market and it isn’t returned to the account until later when the market is higher.  You lose out on any gains your money may have made.

So as you can see there are a ton of cons associated with taking out a 401(k) loan.  There are risks associated with the fees charged, penalties if you default or lose your job and can’t pay in full, and the lost opportunity cost of not realizing investment gains.  Those are some pretty serious things to consider.

Try Considering Other Options First

My suggestion when it comes to taking out a 401(k) loan is to avoid it if you can and try other options first.  What are some other options?

Try saving up an emergency fund in advance so that when you have a need for a large chunk of cash you’ve already got it saved and ready to go.  That’s what I’ve done with our 12 month emergency fund – so that when big bills come due, like my recent $5000 tax bill, it wasn’t a problem because we’d planned ahead.

Another option is to open and use a Roth IRA account for your retirement savings instead.  When you use a Roth, you can withdraw your Roth IRA contributions at any time without any tax penalties, so you can avoid those risks of the 401(k) loan.   You’ll still be having the risk of losing out on investment gains, but at least you won’t be paying taxes or penalties.

If and when you decide to go down the road of a 401(k) loan, however, make sure that you’re doing your homework.  Go run the numbers using a 401(k) loan calculator and see just what interest rates you’re actually paying.   That may help you to decide if it’s actually a good deal.

Have you ever taken out a 401(k) loan?  If so, how did it turn out, did you pay it all back, or did you face paying taxes and penalties? Tell us your 401k loan experience in the comments.

Related Posts

Source: biblemoneymatters.com

Posted in: Investing, Money Basics, Retirement Tagged: 401k, About, actual, All, author, balance, Bank, before, bible, big, bills, Borrow, borrowing, Buy, buy a home, calculator, company, cons, contributions, cost, Credit, credit card, data, Debt, double, Emergency, Emergency Fund, entry, experience, Fees, Financial Wize, FinancialWize, foreclosure, fund, funds, Get Out of Debt, good, grace period, great, home, home loan, How To, id, interest, interest rates, Investing, investment, IRA, IRA contributions, irs, job, jobs, Learn, Links, loan, Loan origination, Loans, maintenance, Make, Make Money, making, market, meta, money, Money Matters, More, Move, Moving, new, new job, opportunity, opportunity cost, or, Origination, origination fee, Other, paycheck, plan, plans, pretty, price, pros, Pros and Cons, rate, Rates, ready, repayment, retirement, retirement account, retirement funds, retirement plan, retirement savings, right, risk, roth, Roth IRA, Saving, savings, short, tax, tax time, taxes, time, title, will, withdrawal, work

Apache is functioning normally

April 29, 2023 by Brett Tams

April 15th may be a few weeks away, but I’m guessing some of you have already filed your tax return. We, as a matter of fact, just finished our tax return last week. For the second year in a row, we are getting a small refund. (As an aside, we have a large nonrefundable tax credit that is taunting me. Our tax liability wasn’t high enough to use much of it, so there it sits…)

Whether you are getting a large or small refund this year, you are probably anxious to receive it — I know I am! Did you know you can check with the IRS to find out what the status of your federal tax refund is?

How? I am so glad you asked….

Simple, web-based IRS tool lets you check your federal tax refund’s status.

Considering the complicated tax code, I think it is amazing that this tool is called, quite simply,”Where’s my refund?” Anyway, you will need to provide your social security number, filing status, and exact — please note “exact” — refund amount in order for your request to be processed.

You can even use the official smartphone app of the IRS (IRS2Go) to check the status of your refund AND find free tax preparation assistance (if you qualify). You will need to provide the same information to check your refund status whether you use the app or the online tool. The app also provides various hotline numbers to call for various tax issues.

Don’t have a computer or a smartphone? You can also call the IRS to check the status. However, the IRS phone representatives can only research your refund status if 21 days have passed since you e-filed, or six weeks since you filed a paper return, or if their web-based tool directs you to call them. Plus, they might be a little busy around tax time.

Our tax refund will be direct-deposited, but even if you are getting a regular check, this method still works.

When can you start checking the status of your tax refund?

If you e-file, you can check after 24 hours. If you do a paper-based return, wait four weeks. The IRS states that the online tool is only updated once every 24 hours, so there is no need to check it more often. In general, you can expect your refund about 21 days after you e-file. As I mentioned above, if you haven’t received your refund within this time frame, it’s time to give the IRS a call.

If you’re using direct deposit, check with your bank regularly to confirm the refund has been deposited. The IRS will not notify you that the check has been deposited.

Want your money more quickly next year?

To receive your tax refund more quickly, the IRS recommends e-filing and direct deposit. Even if you choose to do a paper return, make sure your return is free of errors and has your correct mailing address, so the return can be processed — and the money deposited to your checking account! — as soon as possible.

Want a refund next year? Or not…

If you have always received a refund but want to see if you now have the discipline to save on your own, consider adjusting your W-4 so that less is withheld from your paycheck. (The IRS withholding calculator can help you calculate how much you should have withheld.) This will, in essence, spread your refund out over the course of a year. If you have the discipline to use this money wisely, you will have use of it much earlier than if you had waited for a refund.

On the other hand, if a tax refund is a method of forced saving you can appreciate, consider having more withheld from your paycheck.

As always, do what works for you. And may your check arrive soon!

[Editor’s note: An earlier version of this article appeared on March 10, 2010.]

Source: getrichslowly.org

Posted in: Mortgage Tips, Taxes Tagged: About, app, Appreciate, Bank, calculator, Checking Account, couple, Credit, data, deposit, Direct Deposit, e-filing, Financial Wize, FinancialWize, Free, General, hours, How To, id, irs, liability, Make, money, Money Hacks, More, or, Other, paycheck, Refund, Research, return, save, Saving, second, security, simple, social, social security, states, tax, tax credit, tax liability, tax refund, tax time, taxes, time, title, tools, W-4, will, young

Apache is functioning normally

April 27, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

If your finances are a constant source of stress and anxiety, you’re certainly not alone. In fact, 40 percent of American adults say they would have a tough time covering an unexpected expense of $400 or more, according to the Federal Reserve’s Report on the Economic Well-Being of U.S. Households in 2017. Furthermore, 1 in 10 adults says they struggled to pay their bills at least once in the past year due to varying income.

A sobering truth bomb? Reducing financial stress when you don’t make enough is nearly impossible, explains Emily Guy Birken, author of End Financial Stress Now. “Even the kind of frugality that will theoretically bring you some relief will often require an investment of time or finances—and lacking money and time is exactly why you’re feeling overwhelmed.” (Cue the #facepalm.)

But instead of indulging in a self-pity party, there are a handful of things you can do today, regardless of your circumstances. To reduce money-related stress, to start Guy Birken recommends building some slack into your budget, which is possible at any income. Here are five simple ways to reduce stress about your money situation:

Adjust Your Tax Withholding

Do you normally receive a large tax refund every April? The average refund in 2018 was $2,895, which works out to more than $200 per month. Adjust your withholding so that you’re taking more money home from every paycheck, suggests Guy Birken. “How much more comfortable would you be if you could count on an additional $200 each month?”

To adjust your withholding, request a new W-4 from your Human Resources department and determine the proper number of allowances you should claim using the IRS calculator. “Making this adjustment is perfectly legal and an excellent way to increase your monthly net without having to earn more money or cut your spending,” says Guy Birken. “But just remember there’s a trade-off: It also means you won’t get a big payday from Uncle Sam at tax time.”

Start a Surprise Fund

A surprise fund is money that you conveniently forgot you had. While not intended to be as robust as your emergency fund, a surprise fund can help smooth out any small hiccups you may face money-wise.

I’m a big fan of “set-it-and-forget” it methods. By setting your savings on autopilot, that’s less mental energy you need to spend on making everyday decisions. Plus, you’ll be making steady headway without having to lift a finger.

Over the years I’ve relied on “surprise” funds to cover a small unexpected expense, or if I’m having a particularly “spendy” month. It’s prevented me from putting more on my credit cards than I can reasonably afford. The easiest way to create a surprise fund is to kick-start a savings account, then auto-save every week. Even if you sock away $5 a week, that’s $260 you can tap into should the need arises (and it will). Up your weekly auto-save amount to $10 a week, and that’s $520. That could help cover your bills or pay for groceries during a particularly lean month.

Negotiate Your Bills

Easy wins in creating some slack in your finances include negotiating your bills, suggests Guy Birken. They’re considered easy because you technically only have to do it once. And because they’re recurring, that $20 you save every month on your cable bill comes out to $240 a year. “Internet, cable, cell phone, and auto insurance are service providers that are willing to adjust their pricing in order to keep customers,” says Guy Birken. “It costs them far more to land a customer than it does to keep a current one happy.”

Guy Birken recommends researching the lowest going rate for these services before you call. That way you know where you stand. And don’t be afraid to walk away if the provider isn’t willing to budge.

And while these are the easiest providers to negotiate with, don’t be afraid to ask for price breaks elsewhere—from your landlord to your healthcare provider,” says “Guy Birken.

Pro tip: You can also ask for discounts based on group affiliation. For instance, you may get a discount on your cell phone for being, say, a card-carrying AAA or AARP member or being affiliated with the military or a university. You may also be able to snag a slight discount if you sign up for auto pay, or opt for a different payment plan.

Cancel Unused Subscriptions

It can be easy to forget about the services we have signed up for, especially since so much is subscription-based these days, explains Guy Birken. Look through your credit card and bank statements and hunt for unnecessary services you’re still paying for and call to cancel.

Subscriptions you set on auto-pay are easy to overlook. One easy thing you can do is set subscriptions so they don’t auto-renewal. When you receive notification that your subscription is about to expire, that’ll give you a chance to gauge whether you need it or not.

Also look for services that you’re doubling up on. Do you really need a subscription to three different gaming platforms, or will only one do? Or let’s say you have a gym subscription and are also part of a local softball league. If you’re getting sufficient exercise by playing softball, you might be able to cancel your gym subscription.

Check Your Bank Balance

Ever feel blindsided by how much you’ve been spending—or rather, how little you’ve been saving? Avoid costly overdraft fees and feeling cash-strapped by month’s end by checking your balance on the regular. It only takes a minute but could help keep you mindful of how much you have in the bank.

This is something I do every morning. You can either log on to your banking app or through a money management app. If you find yourself running dangerously low on funds, then you can be more diligent about your spending. For instance, if I’m having a particularly “top-heavy” month in terms of spending, I’ll tone it done for the second half.

As you can see, you don’t necessarily have to get a huge raise or side hustle like crazy to alleviate financial stress. By doing these small things, you can build that slack that adds a bit of buffer in your budget—and helps you breathe a little easier.

The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or view of Intuit Inc, Mint or any affiliated organization. This blog post does not constitute, and should not be considered a substitute for legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Save more, spend smarter, and make your money go further

  • Previous Post
    How to Set Yourself Up for Success During the Holidays

  • Next Post
    How to Reevaluate Your Emergency Fund Strategy

Jackie Lam

Jackie Lam is a personal finance writer. Her work has appeared in Investopedia, Magnify Money and The Bold Italic, and she’s been featured in Money, Kiplinger, Forbes and Woman’s Day. She runs heyfreelancer.com, a blog to help freelancers and artists with their money, and to balance their passion projects and careers. More from Jackie Lam

Browse Related Articles

Source: mint.intuit.com

Posted in: Financial Planning, Investing Tagged: 2, 2017, 2022, AARP, About, advice, app, Archive, artists, ask, author, Auto, auto insurance, average, balance, Bank, Banking, before, big, bills, Blog, bold, Budget, build, building, calculator, Careers, chance, color, Credit, credit card, credit cards, data, decisions, Discounts, Emergency, Emergency Fund, energy, exercise, expense, Featured, Federal Reserve, Fees, Finance, finances, Financial advice, Financial Literacy, Financial Planning, Financial stress, Financial Wize, FinancialWize, freelancers, Frugality, fund, funds, General, groceries, gym, habits, healthcare, Holidays, home, How To, human resources, id, Income, Insurance, internet, investment, irs, iso, Land, landlord, layout, Legal, Life, Local, low, Make, making, Media, member, meta, military, Mint, mint.com, mobile, money, Money Management, More, more money, negotiate, negotiating, new, Opinion, or, organization, overdraft, overdraft fees, party, paycheck, percent, Personal, personal finance, plan, Planning, price, projects, Raise, rate, Refund, running, save, Saving, savings, Savings Account, second, Side, Side Hustle, simple, slack, Spending, stress, Style, subscriptions, tax, tax refund, tax time, tax withholding, time, tips, title, W-4, white, will, woman, work

Apache is functioning normally

April 27, 2023 by Brett Tams

Tax season has just come to an end, but that doesn’t mean you shouldn’t be preparing for next year. In fact, if you organize yourself throughout the year, you will have less work to do next year, and you will be more likely to plan for credits and deductions that can help you reduce your tax liability. (Of course, before you make any tax moves, you should consult a tax professional who can help you determine what might be best for your situation.) If you are a freelancer, it is especially important that you consider your tax situation, and remain organized throughout the year. Here are some tax tips for freelancers to consider:

Separate Business from Personal

The first thing you have to do as a freelancer, whether you are a sole proprietor, or whether you set up some sort of a business (LLC or S-Corp.), is recognize the difference between business and personal. If you want to deduct something as a business expense on your taxes, you had better make sure that it is, in fact, a business expense.

If you are using it for something else part of the time, it is not a business expense. One of the few exceptions to this real is your Internet service, in which case you can estimate how much of the Internet time in your home is used for business activities and use that percentage to figure your business expense related to online use.

It is a good idea to open a separate account for business purposes. Some banks won’t let you open a business account unless you are a registered as a business organization. But, even if you are a sole proprietor, you can open a second personal account and use that for your business activities. Even if you use your freelancing as your income, it is a good idea to have your freelance earnings deposited first into the account you designate for business, and then move the money (by writing a check or some other transfer) into your personal account. Make business purchases for supplies, travel and other business expenses, using your business account, and do not make personal purchases using your business account.

Keeping all of this separate will show that you are conscientious, and if an IRS audit does happen, it will be easier to document your business expenses.

Use Financial Software

One of the best ways to get organized is to use financial software. Most financial software programs allow you to keep track of multiple accounts. You can use the financial software to track how you move money from your business account into your personal account, and you can use category tags to help you keep track of specific expenses, making your Schedule C form easier to fill out. Here are the most common expense categories that freelancers come across, as listed on Schedule C (which you use if you are a sole proprietorship — if you are an S-Corp. or LLC, you will use another form):

  • Advertising
  • Insurance (not health)
  • Legal and professional services
  • Supplies
  • Travel
  • Utilities
  • Repairs and maintenance
  • Other Expenses

There are other categories on Schedule C; look over them and set up the expense categories on your financial software to correspond with what’s on the tax forms. Note that health insurance premiums can be deducted above the line on the front of your Form 1040, if you are paying for individual insurance yourself. (If you are reporting a net profit of zero or a loss, you will have to itemize your health insurance premiums instead of using line 31.)

Keep Documentation in One Place

Have a specific file for business expenses. Keep receipts and other documentation in this file, keeping it all together, throughout the year. If you write reviews, and bought a movie ticket, make sure to keep the receipt, and then print out a copy of the review to show that you did use the experience as part of your freelance work. The same rules apply for conference attendance and related expenses. Make sure that you have something to back up the receipt.

Keeping your business expense documentation in one file makes it easy to retrieve it at tax time, and it will help you keep an eye out for proper deductions. When your tax return is filed, keep your documentation with your copy of your tax return. I like to put it all in one large manila envelope labeled with the tax year.

This is a guest post Miranda Marquit is a journalistically trained freelance writer and professional blogger working from home. She is a contributor for Mainstreet.com, Personal Dividends and several other sites. The opinions voiced in this material are for general information and are not intended to provide specific advice and/or recommendations for any individual.

*Please consult tax advisor for advice on specific situations.

Source: goodfinancialcents.com

Posted in: Mortgage Tips Tagged: 2, ad, Advertising, advice, advisor, All, banks, before, business, categories, credits, data, deductions, dividends, earnings, expense, expenses, experience, financial software, Financial Wize, FinancialWize, freelance, Freelance writer, freelancers, front, General, good, gpt, guest, guest post, health, Health Insurance, home, id, Income, Insurance, insurance premiums, internet, irs, Legal, liability, LLC, maintenance, Make, Make Money, making, money, More, Move, or, organization, organize, Other, Personal, place, plan, programs, Repairs, return, Review, Reviews, second, Sites, Software, sole proprietorship, tax, tax liability, tax season, tax time, Tax Tips, taxes, time, tips, Travel, utilities, Video, will, work, working, working from home

Apache is functioning normally

April 25, 2023 by Brett Tams

Save more, spend smarter, and make your money go further

For most of us, getting organized is a pipe dream. The random creams, pastes, and oils in your bathroom cabinet will probably never be color coordinated or arranged alphabetically. Your sock drawer will probably be a nest of tangled and mismatched cloth until the day you die. Your DVD collection… well, at least now you can use Netflix instead.

But whether you’re naturally tidy or a chaotic mess, there’s one area of your life that truly needs to be organized: your finances. You can get away with a messy garage or a cluttered basement, but working toward financial goals without a discernible structure is like trying to build a home without pouring a foundation.

If your finances are as disorderly as the rest of your life, here’s an argument for making a change – and how to actually do it.

Why You Should Organize Your Accounts

There are few things duller than making sure you know where your life insurance monthly statement is or how to access your 401k. But like exercise and a healthy diet, organizing your financial information is important even if it’s the last thing you want to do.

It’s crucial to have a firm sense of where you actually stand financially. Do you have a positive net worth or do you have more debt than you realized? Are you adequately insured? Did you update your beneficiaries when you had kids or got divorced?

Being aware of your financial health lets you plan for the future more accurately. You can’t adequately prepare for retirement if you don’t know the value of your assets or where they’re located because you won’t be able to set accurate and realistic goals. Knowing the total balance of your 401k and IRA can inform whether you’re on track or woefully behind.

There’s also a motivational component to this. By starting from a firm foundation and keeping close track of where your finances are headed, you’ll be able to measure your progress towards the goals you care about.

Think of it like a weightlifter. You might be able to get stronger by consistently lifting random weights, but you won’t be able to fully appreciate your success. By having an accurate sense of how much you lift every session, you’ll have an exact measurement of how much stronger you’re getting week to week.

If you can’t muster up the willpower to do it for your own sake, consider your family. People pass away every year without disclosing relevant financial information to their loved ones, leaving them in the dark about everything from retirement savings to insurance information. By organizing your accounts and passwords in a secure location, you can make the grieving process easier for your spouse, children or any remaining family who might inherit your estate.

Find and Maintain a System

There are multiple ways you can organize your financial accounts. You can use a pen-and-paper system, an Excel spreadsheet or an app like Mint. Apps sync to your financial accounts and keep them updated every time you log in. Some even send notifications if you’re running a low balance or if you were charged a late fee.

The benefit of using a spreadsheet is that you can customize it to fit your specific needs. It won’t be able to pull information automatically, so this works better for someone who doesn’t mind tinkering for a few hours every month.

A digital cloud like Google Drive or Dropbox is the best place to store your records since you can access it anywhere and they can’t be physically stolen or damaged. If you do keep records on the cloud, use a secure password and enable two-factor authentication, which means you’ll have to provide a unique code if the account is accessed.

There’s no right or wrong way to track and manage your financial accounts. The key is to pick a system that’s easy for you to use on a regular basis.

Keep a running list of every financial account you have, including:

  • Bank accounts
    • Checking and savings
  • Health Savings Accounts or Flex Spending Accounts
  • Credit cards
  • Retirement
    • 401ks, IRAs and brokerage accounts
  • Debt
    • Mortgage, student loans, auto loans, home equity loans or lines of credit, personal loans, medical debt and more
  • Insurance
    • Auto, health, disability and life insurance
  • Taxes
    • W2s, 1099s, and other tax-related forms

You should know the following information for each account:

  • Account number
  • Username
  • PIN
  • Total balance
  • Beneficiary

For debt-related accounts, write down the interest rate, monthly payment, the total balance remaining, loan provider, loan term and any other relevant details. If you can’t remember where to find all your accounts, check your credit report. It will list all credit-related accounts, even those that are closed.

Still feel like something’s missing? Check sites for unclaimed money that the federal or state government is holding in your name. These funds can come from a closed bank account, undeposited tax refund or a life insurance payout. Be sure to check both federal and state websites since it’s not clear where your money might be. I like to check these websites once a year just to make sure there’s nothing I’m forgetting.

If you’re married or have kids, repeat these steps for your spouse and children.

Don’t Forget Your Inbox

Now that everything is online, our inboxes have become a digital dumping ground for financial documents. Whether you use Gmail or Outlook, you can organize financially relevant emails by adding labels or assigning them to specific folders.

I’m self-employed, so I keep all records of business-related purchases so I can deduct them at tax time. I categorize all potential tax-deductible receipts in a “Taxes” label. When I’m updating my income and expenses spreadsheet, I refer back to the email label to see what I can deduct.

If you prefer to use paper records, keep them in clearly marked folders divided by account or year. Use a fireproof safe that you can easily grab in case of emergency, but keep it hidden where a burglar won’t be able to find it quickly.

Save more, spend smarter, and make your money go further

  • Previous Post
    Developing the Right New Year’s Financial Goals

  • Next Post
    First Home Down Payments: What’s the Magic Number?

Zina Kumok

Zina Kumok is a freelance writer specializing in personal finance. A former reporter, she has covered murder trials, the Final Four and everything in between. She has been featured in Lifehacker, DailyWorth and Time. Read about how she paid off $28,000 worth of student loans in three years at Conscious Coins. More from Zina Kumok

Browse Related Articles

Source: mint.intuit.com

Posted in: Financial Planning, Investing Tagged: 2022, 401k, About, All, app, Appreciate, Apps, assets, author, Auto, Auto Loans, balance, Bank, bank account, bank accounts, basement, bathroom, beneficiaries, beneficiary, Blog, brokerage, build, business, Children, clear, color, Credit, credit cards, Credit Report, data, Debt, Deductible, diet, Digital, Disability, Down payments, dream, Emergency, equity, estate, exercise, expenses, Family, Featured, Finance, finances, Financial Goals, Financial Literacy, Financial Planning, Financial Wize, FinancialWize, first home, foundation, freelance, Freelance writer, funds, future, garage, getting organized, goals, Google, government, health, health savings accounts, healthy, home, home equity, Home equity loans, hours, How To, id, Income, Insurance, interest, interest rate, IRA, IRAs, iso, kids, layout, Life, life insurance, life insurance payout, list, loan, Loans, low, Make, making, manage, married, measure, Medical, Medical debt, mess, messy, meta, Mint, mint.com, mobile, money, More, Mortgage, motivational, needs, net worth, netflix, new, new year, or, organize, organizing, Other, password, payments, Personal, personal finance, Personal Loans, place, plan, Planning, random, rate, Refund, retirement, retirement savings, right, running, safe, save, savings, Savings Accounts, secure password, self-employed, Sites, Spending, spouse, spreadsheet, student, Student Loans, Style, tax, tax refund, tax time, taxes, time, title, unique, update, value, Websites, white, will, working, wrong
1 2 … 18 Next »

Archives

  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • October 2020

Categories

  • Account Management
  • Airlines
  • Apartment Communities
  • Apartment Decorating
  • Apartment Hunting
  • Apartment Life
  • Apartment Safety
  • Auto
  • Auto Insurance
  • Auto Loans
  • Bank Accounts
  • Banking
  • Borrowing Money
  • Breaking News
  • Budgeting
  • Building Credit
  • Building Wealth
  • Business
  • Car Insurance
  • Car Loans
  • Careers
  • Cash Back
  • Celebrity Homes
  • Checking Account
  • Cleaning And Maintenance
  • College
  • Commercial Real Estate
  • Credit 101
  • Credit Card Guide
  • Credit Card News
  • Credit Cards
  • Credit Repair
  • Debt
  • DIY
  • Early Career
  • Education
  • Estate Planning
  • Extra Income
  • Family Finance
  • FHA Loans
  • Financial Advisor
  • Financial Clarity
  • Financial Freedom
  • Financial Planning
  • Financing A Home
  • Find An Apartment
  • Finishing Your Degree
  • First Time Home Buyers
  • Fix And Flip
  • Flood Insurance
  • Food Budgets
  • Frugal Living
  • Growing Wealth
  • Health Insurance
  • Home
  • Home Buying
  • Home Buying Tips
  • Home Decor
  • Home Design
  • Home Improvement
  • Home Loans
  • Home Loans Guide
  • Home Ownership
  • Home Repair
  • House Architecture
  • Identity Theft
  • Insurance
  • Investing
  • Investment Properties
  • Liefstyle
  • Life Hacks
  • Life Insurance
  • Loans
  • Luxury Homes
  • Making Money
  • Managing Debts
  • Market News
  • Minimalist LIfestyle
  • Money
  • Money Basics
  • Money Etiquette
  • Money Management
  • Money Tips
  • Mortgage
  • Mortgage News
  • Mortgage Rates
  • Mortgage Refinance
  • Mortgage Tips
  • Moving Guide
  • Paying Off Debts
  • Personal Finance
  • Personal Loans
  • Pets
  • Podcasts
  • Quick Cash
  • Real Estate
  • Real Estate News
  • Refinance
  • Renting
  • Retirement
  • Roommate Tips
  • Saving And Spending
  • Saving Energy
  • Savings Account
  • Side Gigs
  • Small Business
  • Spending Money Wisely
  • Starting A Business
  • Starting A Family
  • Student Finances
  • Student Loans
  • Taxes
  • Travel
  • Uncategorized
  • Unemployment
  • Unique Homes
  • VA Loans
  • Work From Home
hanovermortgages.com
Home | Contact | Site Map

Copyright © 2023 Hanover Mortgages.

Omega WordPress Theme by ThemeHall