One of the best ways to assess where you stand financially is to calculate your net worth. When you add up all of your assets and subtract your debts, you can clearly see if you’re progressing towards your goals.
We never know what the future holds for us, so it’s always best to be prepared. Having an emergency fund put away is extremely important so you’re always prepared to deal with what life brings—good or bad.
Balancing your checkbook isn’t what it used to be. Direct deposit, ATM fees and surcharges, online payments, automatic transfers and debit charges make keeping your account in balance a real juggling act.
Talking about money issues under normal conditions can be stressful. Talking about them while a service member is deployed to a remote location can be more so. The best remedy is to communicate regularly about household finances.
Goal-setting is pretty simple. A goal is something that you are willing to work for. You can get what you want by planning AND following the plan. Setting achievable—and SMART—goals is your first step to success.
Filing your income taxes can be confusing enough, but special tax rules, exclusions, extensions and deployment can make tax season even more difficult for military members and their families. Fortunately, free tax assistance is available.
Taxpayers now have more ways to save the money they’re getting back in their tax refund. Form 8888 lets taxpayers instruct the IRS to directly deposit a refund into more than one bank account or buy Savings Bonds.