Why Large Tax Refunds Are Not As Great As They Seem

Tax season can be nerve wracking and tedious for some. Those without a company withholding income taxes throughout the year need to make quarterly tax payments to the IRS, while others who haven’t planned well may not have prepared for the tax burden come April.

But for approximately 70% of U.S. taxpayers, a refund check is on its way shortly after filing taxes. And according to the Motley Fool, the average tax refund is nearly $3,000.

Great, right? Well, not if you are paying down debt or investing.

Many people do not realize it, […]

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2017-04-18T07:33:32+00:00 April 18, 2017 6:30 am|Categories: Debt, Investing|Tags: , , , |0 Comments

4 Ways Dave Ramsey’s Baby Steps Miss the Mark

Since you’re reading a blog about personal finance, there’s a good chance you have heard of Dave Ramsey and maybe even follow some of his financial advice. Much of it is very helpful, simple advice that working adults managing their own finances should know.

If you are not familiar with Dave Ramsey, he hosts a syndicated radio show on personal finance and is the author of several books, including The Total Money Makeover.  The show instills his Christian beliefs and a very very anti-debt message.  In fact, he is so anti-debt that some of his advice misses several basic financial perks that leave individuals better […]

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How We Paid Off Over $50K in Student Loans A Decade Early

Ok fellow Millennials.  Let’s talk student loan debt.  I can sense the cringing already.  But hey, you clicked on this article voluntarily…so you must be somewhat okay talking about it.

First let’s throw out some common talking points — some objective and others more subjective.  Student loan debt is crushing young people in the U.S. to the tune of $1.3 TRILLION and about 70% of students graduating with a bachelor’s degree carry some form of student loan debt.  According to Forbes, the average graduate from the class of 2016 has over $37,000 of student loan debt.  These are crisis level figures, especially when […]

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2017-04-25T16:12:56+00:00 March 1, 2017 7:30 am|Categories: Debt, Featured|Tags: , , |0 Comments