Budgeting Tools For Managing A Property Management Business
Getting into property management can be a complicated business. But you can make the work a lot easier with the right tools, says financial expert Sean Stein Smith, CPA, member of the AICPA’s National CPA Financial Literacy Commission and CGMA of Bergenfield, New Jersey.
How to Have a Big Wedding for a Small Price
It’s easy to get wrapped up in the excitement of planning a wedding. But budgeting in advance is key for truly enjoying your big day, and it helps you avoid the stress of a large bill after the festivities are over. Use these tips for the wedding of your dreams — you might even save some money along the way.
How Much Should You Spend on Rent?
For decades, the general rule has been that you should not spend more than 30 percent of your income on housing. Yet, with increasing expenses and slow growth in wages, this number has become less realistic for a growing number of Americans. Whether you can keep your rent below the 30 percent threshold or not, here are some important numbers to keep in mind when working on your monthly budget.
How To Create A Budget For Your Teenage Kids
By the time they’re teenagers, most kids begin tugging hard at their parental leashes that hold them to childhood. They want to be treated as adults, but in many cases lack the fundamental life skills that will enable them to function as adults — skills like budgeting. You can make a budget for them, of course, but financial blogger Dave Ramsey suggests that taking a purely instructional approach may backfire. Instead, let your teenager take as much control as possible while offering a little — or a lot — of guidance.
How To Save Money When You're in Debt
Tackling your debts might require some courage, but it’s an essential step to boosting your financial health and setting the stage for a successful future. And while it can feel a little tempting to throw every extra cent into wiping out debt, it’s important to save money, too. Here’s how to balance these two financial heavyweights and succeed at both.
6 Smart Ways to Spend Your Tax Refund
In 2018, the Internal Revenue Service (IRS) reportedly issued 112 million tax refunds, with a grand total of $324 billion returned to taxpayers. If you received one of those refunds, it might have been the financial highlight of the year — more money in a lump sum than you could ever expect to receive from another source. Did you spend the money wisely? This year, get rid of that devil on your shoulder with these six smart ways to put your tax refund to better use.
Who Does the President's Personal Finances?
Despite being the leader of the free world, the president still has to pay personal bills, and many of them have opted not to pass off that responsibility to a financial professional. However, great diplomacy doesn’t necessarily mean great financial aptitude. In fact, not all presidents have been good at managing their money.
How Could a Changing Economy Affect Your Savings?
Changes in the American economy not only affect jobs and wages, they often have a direct impact on your savings. And there’s no more likely time for economic change than at the beginning of a new presidential administration. While no one can predict the effects the Trump administration will have on the American economy, it’s vital that you understand how changes in interest rates and inflation can affect your savings. That way, you’ll know how to prepare yourself for the future.
How a Budgeting App Can Change Your Rental Property Business
The benefits of an app for managing your rental business are numerous,” says Stein Smith, “but primarily focus on the increased transparency that comes from being able to track payments and expenses by location as they occur in real time.
How to Rebuild Your Savings Account After a Large Expense
Savings accounts are important for getting you through the tough times — like being laid off from your job, or dealing with an unexpected medical expense. But they also come in handy during the good times — for example, taking that dream vacation, or putting a down payment on a car or home. Life is full of events that rely on your savings, but when you have easy-to-use tools like , starting over is easier than you’d think.