Interest rates are changing at a fast past in 2022. Let’s talk about what’s happening and what it means for you. Interest can affect so many parts of our financial lives – earning money, spending money, calculating what things really cost. But what is it? And why is it changing so much in 2022? SinceContinue reading “Interest – Savings Accounts, Credit Cards, Mortgages – What doesn’t it affect?!”
Author Archives: Money Funnies
Track Your Spending to Understand Your Money Habits
Take a deep dive on how you’ve been using yourown money by tracking your spending. More information and templates below! Many people don’t create budgets because they don’t know where to begin. But there is a practical, doable strategy for moving forward with financial planning – tracking your own spending. Financial stability is ultimately dependentContinue reading “Track Your Spending to Understand Your Money Habits”
Mastering The Bank
Let’s break down the main types of bank accounts, how banks protect you and other secrets of their world! Banks offer many services, but the one we all use most often are bank accounts. There are four main types of accounts to know about. The most common are checking and savings accounts. Then the areContinue reading “Mastering The Bank”
US Income Tax Brackets
Learn about the US income tax system and figure out how your taxes are calculated. Income taxes are based on how much money we earn at our job(s) and are usually taken out of our pay before we receive it. In other words, most income tax is collected directly from our employer, so it isContinue reading “US Income Tax Brackets”
Understand Payroll Taxes & Paycheck Deductions
Explore payroll taxes and other deductions that get taken out from your paycheck. It’s important to understand the details of our paychecks and paystubs – what are our paycheck deductions. Not just the gross amount we get paid, but the taxes and deductions that get taken out. Most Americans today get a pdf version ofContinue reading “Understand Payroll Taxes & Paycheck Deductions”
Recession 2022 Explained
Living in a Recession We are unfortunately living through a recession in 2022. In this post we will discuss what a recession is, how we know one is here and what you can do to protect yourself. The economy goes through different cycles and sometime enters a bad time, often called a recession. I personallyContinue reading “Recession 2022 Explained”
Figure Out How Inflation Works
The price of everything keeps going up! What is happening and can I do anything about it? Prices have been rising in 2022 at rates not seen in the US in nearly 40 years! Why are prices rising and what is this inflation people keep talking about? Let’s all help ourselves better understand what’s goingContinue reading “Figure Out How Inflation Works”
Breaking Down and Calculating Sales Tax
Understand the tax paid on items you buy and how to calculate what you’ll have to pay. We all pay sales tax nearly daily, yet many are confused about how it works. Sales tax is a percentage paid on top of the base cost of most goods and services. So if I buy a newContinue reading “Breaking Down and Calculating Sales Tax”
How to Avoid Bank Fees
The women discuss bank fees that people commonly run into, from overdraft fees to fees for getting your statement on paper. Bank accounts help with many of our logistical financial needs (like the details of moving money around). But most charge fees that can quickly add up. This is particularly annoying since many of theseContinue reading “How to Avoid Bank Fees”
Talk to Your Parents about Their Money Plans
8 Tips for Getting the Conversation Started Talking about money can be an uncomfortable, and even taboo, topic. But your parents’ financial situation isn’t a concept or a tradition they tried to instill in you. While most people don’t realize it, your parents’ finances don’t stop impacting you when you can fully support yourself. AfterContinue reading “Talk to Your Parents about Their Money Plans”