15Feb 2017 by Women's Money No Comments
Don’t Drive into Debt

Don’t Drive into Debt

Budgeting, Debt, Goals / Taking Action, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Take Action
Now that tax, and tax return, season is upon us, maybe you’re thinking about purchasing a car. A tax return can make a solid down payment. Because cars are a depreciating investment, it is important to find a reliable car that fits your budget and won’t break down, causing extra bills and stress1. What do you need from a vehicle? Before you even start looking, you need to know what you’re looking for. It's easy to buy a vehicle for emotional reasons, but because it's a large expense, buying a practical car is a huge benefit to your financial well being. Do you haul trailers or equipment frequently? Are you a commuter? Do you have a family or have hopes to start one in the future? All of these questions will…
Read More
11Feb 2017 by Women's Money No Comments
Is the Mortgage Tax Deduction in Your Best Interest?

Is the Mortgage Tax Deduction in Your Best Interest?

Debt, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Saving & Investing, Take Action
So tax season is upon us, and if you’re paying on a mortgage, you probably feel pretty excited about the home mortgage tax deduction that comes with it. After all, everyone says that you should hold off on fully repaying your mortgage because the tax deduction saves you money. Unfortunately, that common sense advice isn’t really sensible at all, and may actually be costing you money. The home mortgage tax deduction is a type of itemized tax deduction that allows you to reduce your taxable income by the amount you paid in interest. This deduction combines with all other itemized tax deductions and if that total exceeds the standard deduction it will take its place. Now, you can claim up to two homes for this deduction, and the definition of…
Read More
26Nov 2016 by Women's Money No Comments
First Step to Overcoming Financial Stress

First Step to Overcoming Financial Stress

#WMWeek17, Credit, Debt, Goals / Taking Action, Miscellaneous, Money in Your 20s/30s/40s/50s/Retirement, Relationships & Money, Take Action
It’s easy to despair over your finances, whether it’s your debt load, learning poor spending habits left you broke, or simply realizing you don’t know squat about doing your taxes. And it’s okay to have a cry once in a while. Crying is a normal reaction to stress. But when tears and despair become the norm when you think about your finances, you’ve got a problem. The more you despair, the more you lose hope and feel powerless to make any meaningful changes. News flash: this is your life, and you’re the only one who can improve it. And the first step to creating change and hope is gratitude. Feel free to roll your eyes at me. I know this answer sounds somewhere between “too good to be true” and…
Read More
11Nov 2016 by Women's Money No Comments
Women Veterans – How to Overcome Financial Uncertainty

Women Veterans – How to Overcome Financial Uncertainty

#WMWeek17, Credit, Debt, Goals / Taking Action, Miscellaneous, Take Action, Veteran's Day
55% of veterans believe they are not well prepared for a financial emergency. 77% of service members have financial worries, and 57% worry especially about losing income and job security due to defense cuts. These statistics present a grim reality for America Veterans, regardless of gender. Approximately 11% of our veteran population is female, many of whom are mothers. If you are a female veteran feeling financial strapped and worried about your family, we at Women’s Money® salute and honor your service to our country and want to help you achieve financial security. Two-thirds of veterans report facing a health challenge resulting from their service. In recent disability claims of young veterans, 1/5 report Military Sexual Trauma (MST).  If MST is something you struggle with and is impacting your life,…
Read More