Digital banking has grown in popularity since the first mobile banking app was launched in 2011. Since then, online banking has grown to include fully mobile banks alongside brick and mortar ones with digital banking apps. In 2018, approximately 61% of Americans used digital banking, which is expected to grow to 65.3% by 2022. As the trend grows it’s important to know what to look for when choosing a digital bank.
As spring approaches, it’s normal to think about refreshing your wardrobe, cleaning out your home and getting ready for the summer season. Why not set aside some time for spring cleaning your finances?
When did you first learn about money, and what were those lessons like? Your memories might include your first piggy bank or an allowance, conversations about saving and spending with your parents, or observing the adults in your life making their own financial decisions.
Setting your hours and making money on your terms are some of the highlights of being a freelancer. But the benefits of being your own boss come with added pressures and responsibilities. Tracking expenses, managing invoices, measuring profitability, and preparing for tax season are just a few of the accounting concerns that freelancers need to master. Following these boilerplate accounting tips for freelancers can help you better manage your income in a rapidly growing gig economy.
While most people assume it costs money to file your taxes, you don’t have to pay to file. You may find it easier if you do. There are several ways to file your taxes for free. However, taxes are complicated, and the more complex your return is, the harder it will be to find a free method that meets your needs.
Hiring a tax preparer is a great way to make sure your taxes are accurate. Or is it? According to recent surveys by NerdWallet and Go Banking Rate, a third of Americans hire someone to do their taxes. However, more than two-thirds admit to not asking for the preparer’s credentials or if they will be represented in the event of an audit.
Most people dread tax season because filling out tax forms is a hassle. Also, if you make a mistake on your taxes, there are serious consequences. The only thing worse than doing taxes is having your taxes audited for errors. But as scary as taxes may seem, for most people, they are relatively straightforward. Take our quiz to see if you should DIY your taxes!
The IRS begins accepting tax returns the second week of February, which means it’s time to get started on your taxes! Every year more tax prep software options promise to help you save money and time. Does the software make completing your taxes easier? Are paid versions worth it?
There are plenty of books, radio programs, podcasts and TV shows that offer advice on how to achieve “financial freedom.” It sounds nice in theory, but it’s a difficult term to define. One person might imagine financial freedom as living a lavish, millionaire lifestyle, while another may consider not living paycheck-to-paycheck to be enough. If there isn’t a textbook definition for this term, why is it important, and how can you get there?
Look around your house; how long does it take you to spot something you bought on an impulse? For most of us, it doesn’t take more than a few seconds. Impulse buys are any type of unplanned purchase, and it’s more common than you think.