Living Within a Budget
Before you make a purchase, you should check your budget, not your checkbook balance.
Before you make a purchase, you should check your budget, not your checkbook balance.
For most, saving for retirement is a critical step to secure your financial future. One of the easiest ways to save is by using an IRA, because you only need earned income to qualify. For information regarding the income limits and deductibility of contributions for Traditional and Roth IRAs, read this Investment Whys.
If you have children from a previous marriage, you will want to clearly outline what they are to inherit in your Will as your current spouse could cut them off after your death.
A college education will be one of the most expensive purchases a family will make, so it is best to start saving early to an account specifically designated for education funds.
If you want a new vehicle, you will have to decide if you want to lease the auto or take out a loan to finance the purchase.
As a taxpayer, you are obligated to keep records to substantiate your deductions and tax basis.