Budgeting and saving

Using a 529 Plan To Save For College

A 529 plan is a savings plan that is used to save money for college which offers certain tax and financial aid benefits. 529 plans are quite versatile and they can be used for other things too, such as K-12 tuition bills. The Types of 529 Plans There are a couple of different types of […]

Written by prositesfinancial • Sep 3 • 4 minute read

Credit Card Negotiation Options and Risks

Credit card debt is one of the most pervasive financial issues faced by Americans, with the average credit card balance as of 2016 being $5,551. If paying off your credit card debt is proving to be a substantial challenge, or worse is making it difficult to pay critical household expenses such as groceries, rent, medical […]

Written by prositesfinancial • Apr 17 • 4 minute read

Why Dave Ramsey Might Just Be Right About Using Only Cash

The truth is, most of us just don’t have the self-discipline necessary to use credit cards responsibly. We live in an advertisement saturated consumer society that encourages us to spend, spend, spend at every possible opportunity, and everywhere we go. As a result, most Americans are up to their eyeballs in debt with the national […]

Written by prositesfinancial • Jan 7 • 4 minute read

Top 10 Easy Ways To Save Money Today

Many of us feel like we can never seem to make enough money to make ends meet. It might be drowning in credit card bills or trying to make a student loan payment, but there’s always a reason why we don’t have enough money. While it would be ideal to make more money at your […]

Written by prositesfinancial • Jan 7 • 4 minute read

Key Tips About Student Loan Debt

Overall, the need for student loan debt reform is clear. However, current economical conditions and increasing education costs don’t bode well for any significant changes in the near future. With the student loan debt now surpassing credit card and auto loan debt, it is more important than ever to take precautions and prepare as much […]

Written by prositesfinancial • Jan 7 • 4 minute read

How To Begin Building Your Credit

Starting you credit history is the perfect opportunity to begin good spending habits. With over 45 million Americans you are not alone in this pursuit, and there is a method to the madness. There is so much information out there it may be hard to decide where to begin, but after a little research you […]

Written by prositesfinancial • Jan 7 • 4 minute read

5 Tips on Claiming Charitable Donations on Your Taxes

Many people start to increase their charitable giving towards the end of the year. There are two reasons for this: the holidays tend to improve people’s generosity, and they want to get those tax deductions claimed before the end of the year. Charities also tend to accelerate their campaigns toward the end of the year […]

Written by prositesfinancial • Jul 2 • 4 minute read

Getting the Most From Your Health Savings Account

An HSA, or Health Savings Account, is a particular type of account used to handle medical expenses. It is typically paired with a high-deductible health plan and used to pay for medical expenses before reaching the deductible. The concept is similar to an IRA in that it is an officially recognized account by the IRS […]

Written by prositesfinancial • Jun 25 • 4 minute read

10 Tips for Getting the Most Out of QuickBooks®

QuickBooks is one of the most popular and powerful accounting software applications around. Tens of thousands of small business owners use it daily. It is known for its ease of use, relatively simple interface, strong security, and abundant accounting features. If you deal with business finance at all, you will probably use it at some […]

Written by prositesfinancial • Jun 19 • 4 minute read

6 Keys to Smart Dividend Stock Investing

If you are looking for a way to create reliable passive income in your portfolio, investing in dividend-paying stocks could be a great option. These stocks may have a higher degree of risk than stocks that do not pay dividends, but they also have the possibility of higher returns. While you don’t necessarily need a […]

Written by prositesfinancial • Jun 11 • 4 minute read

4 Things Seniors Need To Know About Taxes During Retirement

Living in retirement should be as stress-free as possible. Having ample retirement savings and social security income can help to set you up well for this. One thing that you will need to consider when planning for retirement is taxes. Will you need to pay income taxes on your income in retirement? That will depend […]

Written by prositesfinancial • Jun 4 • 3 minute read