For some professions, tipping is more than just a few extra dollars to show your appreciation. It's a critical source of compensation for the worker and could mean the difference between having enough or barely getting by. According to a study by Yale, approximately 4 million American workers rely on tips for income (about 2.5%... Continue Reading →

On July 4th, the One Big Beautiful Bill (OBBB) was officially signed into law by President Trump. According to an analysis by the Congressional Budget Office (CBO), it will add an estimated $3.3 trillion to the national debt over the next 10 years. The finalized version of this legislation was 870 pages long and covered... Continue Reading →

Tax season is officially open for business! As of January 27th, the IRS will now begin accepting and processing individual returns.  Though you can probably think of more exciting things to do with your time than navigating Form 1040, there could be some potential financial benefit. According to some tax experts, many Americans leave as... Continue Reading →

Have you ever forgotten to pay a bill or hesitated to move some money into your savings account?  One of the hardest things about money is the act of managing it. On the surface, tasks like writing a check or periodically making some investments may seem pretty routine. But they can easily get lost in... Continue Reading →

From selling things online to making deliveries, side hustles are becoming an increasingly common way for people to earn some extra cash. However, if you earned more than $400 last year, the IRS will have their hand out waiting to get their cut via taxes. Most people don’t realize it, but because you essentially have... Continue Reading →

As they do each year, the IRS has once again announced the latest updates made to the contribution limits and rules across all retirement plans. Cost-of-living adjustments are fairly common and happen every one to two years due to inflation. This enables Americans to keep pace with the latest costs and how much they anticipate... Continue Reading →

Are you using a 529 savings plan to help fund your children’s future higher education expenses? According to the Education Data Initiative, only about 30 percent of households are currently utilizing these accounts. This relatively low participation rate may be due to a variety of reasons - one of them most likely being the fees... Continue Reading →

You've probably heard more than once how important it is to save your money in a 401(k)-retirement plan. Traditionally, doing this will slowly build long-term wealth as your contributions get invested and grow thanks to the compound interest effect. However, is a 401(k) always the best route to go? Could there be times when other... Continue Reading →

According to a survey by the Alliance for Lifetime Income (ALI), nearly half of American consumers between the ages of 45 and 75 feel they do not have enough retirement savings to last their lifetime. While this could be attributed to many different reasons, one of the most prevailing may be in their approach.  Retirement... Continue Reading →

One of the big challenges in creating a budget that’s actually useful is knowing how much detail to include. Some people believe you’ll need to write down every dollar you spend so that it’s as comprehensive as possible. However, this can quickly create a lot of random data, give you analysis fatigue, and make you... Continue Reading →