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Showing posts with the label Financial Planning

Beginner Investment Strategies for WAHMS

 Although it may not be regularly discussed in Forbes magazine or on the news, some of the most powerful business people are not just stockbrokers or CEOs of Fortune 500 companies. No, some of them are right in our midst daily. They're called WAHM, which stands for Work At Home Moms. What makes them powerful is that they are the core of what keeps many families together. And just like other people who tirelessly serve at their jobs, these women should also have a financial plan in place, including investment strategies that they can implement to help to secure their future — perhaps investing in one or many of the top 500 largest stocks. If you are a "WAHM" or if you know one, feel free to pass these five tips for beginning investors along. Beginner Investment Strategies for WAHMS Have solidified goals. We all have heard it said before: " Those who fail to plan, plan to fail ." It's not good enough to just "want to do some investing." There also...

Teaching Your Child Financial Responsibility with Tykoon

The  Tykoon  website and/or app is helping my children learn about money and responsibility. It's an important lesson and one so many people missed out on considering the average American’s amount of debt is $10,000 ( Money Talks News ).  Tykoon is a fun way to teach about money and goes beyond How Much Allowance Money Should I Give My Child . The user simply logs in to the website and sets up an account. From there, you add any or all of your children and set up an allowance for them, or set up how your child's earnings will be allocated. Like the book Three Cups , Tykoon helps teach children about saving, giving, and spending, and the user determines the percentage of earning to go to each of those three categories. My kiddos loved the wish-list area where they were able to goal-set for more significant items or drop hints about what they wanted to earn. It stirred some great conversation. My eight-year-old wanted concert tickets to see Katy Perry, who is only...

Top 5 Tax Prep Tips for Work-at-Home Moms

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 Nobody really enjoys filing taxes . Even certified public accountants probably find the process tedious at times. But when you're working from home, it can be an extra chore to get your taxes done simply because you are responsible for tracking all of your business accounts in addition to your personal finances (since some of these duties would normally fall to an employer to complete). However, if you don't want to find yourself in a mad dash to get it all done at the last-minute, there are plenty of tips and tricks that will help you to prep. Here are just a few to try so that both your personal and professional filings go a little more smoothly this year. Tax Prep Tips for Work-at-Home Moms Get organized. This is a good idea for any business endeavor, but it's absolutely imperative to the work-at-home mom that is juggling the many demands of children and a job (or several), often at the same time. When it comes to organizing taxes, you'll need to implement a filin...