Money Management Articles
Don't fight over finances!
When couples argue, what are they most likely to fight about? You might
not be surprised to learn that, according to a Harris Interactive survey
on behalf of the American Institute of CPAs, money is the top reason
for a marital spat, one that causes disagreements far more frequently
than other critical issues.
Resolving financial concerns for stepfamilies
Roughly 1,300 new stepfamilies are created every day, according to the
Stepfamily Foundation. And, 41 percent of all Americans have at least
one step relative, based on Pew Research Center findings.
5 financial mistakes to avoid this year
Are you satisfied with the financial decisions you made in 2014? If
you're not so sure, this is a good time to resolve to make some changes
Are you ready for Black Friday, Cyber Monday and new credit cards with chips?
If you are like many holiday shoppers, Black Friday and Cyber Monday
may be when you buy your gifts. According to the National Retail
Federation, U.S. Black Friday retail sales for 2013 totaled $57 billion,
down from $59 billion in 2012. For 2013, this averaged to $407 per
person in spending.
How to guard against child identity theft
Your child begins to receive offers for pre-approved credit cards. It
sounds annoying, but nothing to be worried about, right? In fact, it
could be one of the warning signs that your family is the victim of
child identity theft. Nearly 3 percent of U.S. households with children
under 18 -- or one in 40 households -- has been struck by child identity
theft, according to the Identity Theft Assistance Center.
Year-end tax planning for 2014
Where has the time gone? We are approaching the final months of 2014,
but, before you start thinking about holiday shopping, consider year-end
tax planning and preparation. With proper tax planning, you can
maximize your potential tax savings and minimize your tax liability.
Know what’s at stake before taking student loans
With student loan defaults at historic highs, students and their parents
need to understand the ramifications of defaulting on a student loan.
The Minnesota Society of CPAs (MNCPA) cautions parents to think
carefully about co-signing for a student loan and to be sure they
understand what it could mean to their own financial future.
Your midyear financial tune up
Did you start the beginning of the year by making smart resolutions to
get your finances in order? Now that the year is half over, it's a good
time to check in and see how you're doing.
Make a rewarding credit card choice
You're ready to sign up for a new credit card that seems to
promise a host of appealing rewards. But, are you really sure of what
the card has to offer or how it compares with other options?
Five ways to set yourself up for a secure retirement
Approximately 10,000 baby boomers will turn 65 every day until around
2030. If you're part of that group, or if you're planning ahead for a
comfortable retirement, the Minnesota Society of Certified Public
Accountants (MNCPA) offers this advice for securing your financial
Do's and don'ts for paying your tax bill
About three-quarters of individual taxpayers received refunds last year,
according to Internal Revenue Service statistics. However, many people
find that they do owe taxes when April 15 comes around. If you fall into
that group, the Minnesota Society of CPAs (MNCPA) offers these
recommendations on the best way to settle your bill.
Five steps to achieving your financial goals
What do you want to do now, or next year, or five or 10 years down the
road? This is the time of year when people step back and consider where
they stand and how close they are to achieving long-held goals. No
matter what your objectives, there's no doubt that a sound financial
plan will put you in a better position to achieve them, according to the
Minnesota Society of CPAs.
Taxpayer identity theft on the rise: Know how to protect yourself
Taxpayer identify theft continues to increase in the U.S. In 2012, there
were 1.8 million incidents of identity theft and fraudulent tax
refunds, creating a $5 billion problem, according to the U.S. Treasury
Inspector General for Tax Administration. In the first half of 2013, the
number of tax-related identity thefts had already surpassed the 2012
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