personal finance

What You Should Know About Virtual Accounting

Your accountant doesn’t have to be physically present for your business to benefit from their expertise. Modern technology makes virtual accounting an excellent alternative. It analyzes your accounts remotely and updates them appropriately. Virtual accounting also works if there’s a significant distance between your preferred accountant and your business premises. Some individuals and companies choose […]

Written by prositesfinancial • Dec 4 • 3 minute read

What is Financial Health?

Financial health refers to the overall state of your monetary affairs. It’s your ability to manage earnings, expenses, debts, wealth, and fiscal shocks. There are various ways to create financial health, including savings, retirement plans, and planning how you spend your income. If you can comfortably handle unexpected financial emergencies as well as short- and […]

Written by prositesfinancial • Nov 24 • 3 minute read

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

How Does Unemployment Impact Taxes?

Unemployment benefits are a financial resource for people who lose their jobs. However, the IRS and some state authorities consider unemployment benefits taxable income. It is best to pay your unemployment taxes to avoid problems with tax authorities. When it comes to your unemployment and taxes, you may have lots of questions. Keep reading to […]

Written by prositesfinancial • Mar 29 • 2 minute read

4 Tips to Maximize Your Tax Refund

It’s hard to get excited at the prospect of preparing your tax returns, but the possibility of a tax refund, whether big or small, can make it worthwhile. You can maximize your tax refund by making the most of every possible tax break. Getting your money back is all about being smart about how you […]

Written by prositesfinancial • Mar 22 • 3 minute read

How to Protect Your Financial Identity

Identity theft, data breaches, and fraud affect millions of people in the United States each year. Financial identity thieves seek to obtain and use your financial data to steal your money or commit fraud. They can use your personal data to apply for loans or credit cards in your name, rack up purchases, raid your […]

Written by prositesfinancial • Mar 15 • 3 minute read

Why You Shouldn’t Wait to File Your Taxes

After the IRS extended the tax deadline in 2022 to May 17, some people may not be in a hurry to file their taxes, hoping that the deadline for tax filing will also be extended again in the year 2023. However, taxpayers won’t have quite as much time to file in 2023, as the deadline […]

Written by prositesfinancial • Mar 8 • 3 minute read

What Charitable Donations Are Tax-Deductible?

Donating to charity is a truly rewarding and fulfilling endeavor. The IRS offers tax deductions for contributions made to charity during a given tax year. Businesses and individuals can declare their donations on their annual federal tax returns to lower their taxable income. However, to claim these tax deductions, you need the correct paperwork to […]

Written by prositesfinancial • Feb 22 • 3 minute read