Summer offers kids a rare window to see goals take shape quickly. With just a few months, even small savings plans can turn into something meaningful. Here are a few simple ways to get started. Choose something that matters A savings goal works best when it truly matters. Pick a clear, specific goal they’re
Once Congress and the Executive Branch decided the tax code was for more than collecting money to fund the government, it opened the door to understanding how the rules impact parts of your situation. One of the most popular areas to understand are taxes and your children. Here are some things to consider. Start
Like a bundle of sticks, good business partners support each other and are less likely to crack under strain together than on their own. In fact, companies with multiple owners have a stronger chance of surviving their first five years than sole proprietorships, according to U.S. Small Business Administration data. Yet sole proprietorships are
Blizzards aren’t the only storms on the menu as we head into the winter season. Storms of all types often slip in small surprises, such as cancelled plans, brief power losses, or water issues that disrupt your day. These moments can reveal where daily habits and budgets feel a bit thin. Here are some ideas
Money has a way of testing balance. Lean too far toward penny-pinching and life feels tight and restricted. Tip the other way into carefree spending and it’s easy to lose financial footing. Here are some practical tips to help find a healthy balance. Two lenses for seeing money Most of us have a
As 2025 winds down, here are some ideas to help you prepare for filing your upcoming tax return: Informational returns. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TINs) for each of these vendors if you have not already done so. Form 1099-K planning. Consider labeling business and personal accounts
As a small business, once you decide to extend credit to a customer, you now have a financial stake in continuing that relationship even if you suspect there might be trouble brewing. Here are some ideas to help you manage this risk. Develop a rating system. Score each customer with a number. The number
When it comes to personal finance, guidance is often delivered in quick, confident soundbites: Open a high-yield savings account! Sign up for a rewards credit card! Buy your food in bulk to save money! On the surface, these suggestions sound like common sense. But managing your money is rarely this simple, as what
As a freelancer or contractor, at some point you may wish to incorporate and be taxed as an S corporation. Here’s a closer look at the process of becoming an S corporation and when switching might make sense for you. The main benefits of S corporations Self-employment tax savings. As a sole proprietor, you’re required to
A credit score is often treated like a financial grade. It’s the number people look at when you are applying for a loan, renting an apartment, or even getting a job. But while it’s important in certain situations, it doesn’t tell the full story of your financial health. In fact, it misses some of the