Top Budgeting Apps in 2021

It all starts with good budgeting: a strong budget is at the core of personal finance and helps keep our cash flows in check. But while calculating budgets seems simple in theory, it can be tedious in practice—especially when factoring in income, everyday expenses, mortgage payments, investments, and more. This is where a good budgeting app comes in handy. Need … Read More

Intentional or Impulsive: What Kind of Spender Are You?

We’ve all experienced it. A trip to the grocery store that ends with a quick chocolate bar in the basket, a sudden craving for Friday night takeout and you order delivery, or even some retail therapy after a long week. We make these purchases all the time, so what’s the difference between an impulsive purchase and an intentional one? It … Read More

IRS Scams to Watch Out For

Have you recently received an IRS call giving a “final notice” about a lawsuit? Unfortunately, throughout 2020, the number of tax-related scams increased by 75% alone—a staggering amount only accelerated by the Economic Impact Payments (EIPs) launch. While some of these scams are avoidable, not all of them are obvious. To help you with that, we’ve compiled a list of … Read More

How to Teach Your Kids Financial Responsibility

For children, parents are often their first teachers and role models in life, primarily through observation. For example, five-year-old Annie watching her parents take off their shoes before entering the house teaches her to follow in their footsteps—pun intended—and do the same herself. Financial responsibility is no different. Although personal finance is often a skill we pick up later in … Read More

How to Pay Taxes As a Freelancer

Whenever tax season rolls around, it’s easy to feel overwhelmed by all the forms you have to fill out. Navigating taxes can be confusing enough for the average person and even more so for freelancers who file their taxes quarterly.  That’s where we can help.  Are you a sole proprietor, a limited liability company, or a corporation? Our first question … Read More

To Rent or Purchase a House?

A common misconception is that renting means your “throwing money away” while homeownership “builds wealth.” When deciding between renting or purchasing a home, there are many different factors to consider: your personal finances, the real estate market in your area, whether you’re planning on relocating in the near future, and more. All of these help determine which option works best … Read More

How to Pay Off Your Credit Card Debt

We all know that paying your credit bills is important, but balancing this with other monthly expenses can be easier said than done. For that reason, we have a quick guide on how you can best pay off your credit card debt—one payment at a time. How Credit Debt Works To understand how credit debt works, it’s important to understand … Read More

5 Credit Mistakes to Avoid

We all know a good credit score is important. When your credit score is good, it’s easier to access loans and mortgages, and you don’t have to sweat when a new employer or landlord runs a credit check to assess you as a potential employee or tenant. When your credit score is bad, well, all those things become a bit … Read More

The Laffer Curve Explained: How the Ideal Tax Rate is Determined

You’ll sometimes hear on the news “the tax rates are at an all-new high,” but what does that really mean in the grand scheme of things? How do governments determine a tax rate and how do they figure out whether to increase or decrease the tax rate? The answer is “The Laffer Curve.” How the Laffer Curve Works An idea … Read More

5 Mistakes People Make When Choosing a Financial Advisor

When dealing with your finances, it may be tempting to choose a financial advisor and get started with the process right away. However, it is important to keep in mind that you need to choose someone who is aligned with your financial goals and can help with your specific needs. Bad incentives, conflict of interests and not having the right … Read More