Minneapolis, MN – During a time when confidence in America’s banks is lower than it has been since the financial crisis of 2008, and just as Financial Literacy Month kicks off, a Minnesota-based non-profit corporation, Penny Forward Inc, has launched their first online course for 2023, “Budgeting And Banking Basics: A Guide To Basic Money…
We love it when our members share resources that are helpful to them. This week, Penny Forward member Julie Kline writes in by email with this investing resource… Email “Hi Chris and Moe, I came across this YouTube video and I think it is one of the more thorough beginner guides to investing I’ve…
In our January 8th, 2023, members only group chat, I demonstrated the process for ordering a Braille credit report from the automated telephone system at 1 (877) 332-8228. Large print and audio versions of your credit reports are also available using this system. It took about five days, including Saturday and Sunday, to receive the…
ABLE accounts are tax-advantaged savings accounts for people with disabilities. The money saved in ABLE accounts can be spent on qualified disability expenses. Most importantly, having an ABLE account won’t affect the account holder’s eligibility for federal programs such as Medicaid and Supplemental Security Income. ABLE accounts can be used in a variety of ways.…
IRS Tax Tip 2023-05, January 12, 2023 In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. Read on www.irs.gov/newsroom/tax-tips-for-gig-economy-entrepreneurs-and-workers
Tax Tip 2023-04, January 11, 2023 Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes. Anyone who paid too little tax in 2022 needs to make a fourth quarter payment on or before January 17 to avoid an unexpected potential tax bill or penalty when they file in…
How one brain chemical influences our financial behavior When it comes to shopping, are you out of control? If so, you’re not alone. This week we talked about how a brain chemical called Dopamine is involved in the feelings of pleasure you experience when you shop. we worked together to come up with strategies you…
How one brain chemical influences our financial behavior When it comes to shopping, are you out of control? If so, you’re not alone. This week we’ll be talking about how a brain chemical called Dopamine is involved in the feelings of pleasure you experience when you shop. We’ll work together to come up with strategies…
When do you know you’ve saved enough? Whether you’re planning for retirement or saving for your first home, it’s easy to focus on what you want or need rather than what you have. This week, while much of the United States is taking time off for the Thanksgiving holiday, we took a step back and…
When do you know you’ve saved enough? Whether you’re planning for retirement or saving for your first home, it’s easy to focus on what you want or need rather than what you have. This week, while much of the United States is taking time off for the Thanksgiving holiday, we’re taking a step back to…