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AICPA Highlights 6 Recent Personal Finance Trends
Submitted by Silverleaf Wealth Management on March 9th, 2020The American Institute of CPA’s (AICPA) recently published a list of personal finance trends that we should all be concerned about. These trends highlight the fact that almost 63 percent of Americans today are unable to pass a basic financial literacy test.
Here are the troubling trends, as well as some tips on how to avoid them:
When Filing for a Tax Extension Makes Sense
Submitted by Silverleaf Wealth Management on March 6th, 2020The annual meeting is rescheduled to sometime later this quarter and the family reunion is sometime next summer, but like certain holidays and your birthday you know you can always count on a few specific dates. It’s reassuring. One such day is Tax Day, AKA April 15. Yet, unlike a birthday this looming deadline tends to sneak up on you in the least enjoyable way.
Saving for Your Child's School
Submitted by Silverleaf Wealth Management on February 27th, 2020For young families, the immediate cost of raising a child can be testing financially. Just when you thought you were in the clear from student loan repayments and your never-ending car lease, a hungry mouth appears with countless sleepless nights and a hefty price tag attached. But diapers, baby formula, and stuffed toys aren’t the only financial burdens parents should worry about.
New Home Financing Checklist
Submitted by Silverleaf Wealth Management on February 19th, 2020While owning a home is the quintessential American dream, not everyone is able to purchase a home when they desire. If you’re fresh out of school with a boat load of student debt, it’s probably best to wait until you’ve been working for at least a year before you start looking to buy.
6 Tips for a Cheap Valentine’s Date
Submitted by Silverleaf Wealth Management on February 12th, 2020Roses are red, violets are blue, Valentine’s Day can be cheap, hooray for you!
Right after New Year’s the red, pink, and white move in to the shopping aisles to serve as a perpetual reminder that Valentine’s Day is coming.
6 Easy Organization Tips to Take Time off of Taxes
Submitted by Silverleaf Wealth Management on February 6th, 2020As the saying goes there are two things that are inevitable: death and taxes. And, out of those two sure things, you can only really plan for your taxes. It should be no surprise when tax season surely and steadily rolls around again, yet every year there are plenty of individuals who file for a tax extension (in 2014 there were approximately 12 million Americans who did so).
Video: 3 Money Management Principles for Children
Submitted by Silverleaf Wealth Management on January 29th, 2020*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties.
Tax Planning Basics
Submitted by Silverleaf Wealth Management on January 23rd, 2020For years it was assumed that tax planning was reserved for the wealthy. While wealthy individuals will see the most benefit from tax planning, with big changes looming for the 2018 tax year, even middle-income earners can reap the benefits of tax planning.
Why Financial Literacy is Important
Submitted by Silverleaf Wealth Management on January 15th, 2020Being financially literate in today’s economic climate is more important than ever. Understanding finances can help you make better money management decisions, budget your money properly, adequately save for college, and be financially prepared for retirement. While it may sound daunting, financial literacy starts with a budget.