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Michelle Singletary’s money milestones for every age

 “As The Washington Post’s longtime personal finance columnist, I’ve received hundreds of your questions, and I’ve compiled the most frequent ones in this guide. There’s advice for every decade of your financial life, from 20-somethings just starting out to retirees enjoying the fruits of their smart planning to advice that applies at any decade. Each…

Understanding Tax Brackets: Interactive Income Tax Visualization and Calculator

 Understanding Tax Brackets: Interactive Income Tax Visualization and Calculator This cool website helps one understand how their federal income tax is calculated across the graduated tax brackets. https://engaging-data.com/tax-brackets/ Simply select your tax year, filing status, regular earned income and capital gains income and the site will show you a visual of how your income is…

FAFSA Deadlines and Higher Pell Grants

Watch a short video that explains the Free Application for Federal Student Aid (FAFSA) and how to apply for federal aid at: https://www.bestcolleges.com/blog/college-fafsa-deadlines/. “Each year, the FAFSA helps millions of students get aid for college. Learn when FAFSA deadlines are and what changes to expect for 2023-24 and beyond,” by Tyler Epps. “The 2023-24 FAFSA…

Financial Life Hacks For High Schoolers and Young Adults

Finances may be a dull yet essential part of life, mastering you money opens pathways to achieveing your goals and to your future. Financial literacy is “having a basic understanding of your money, where it’s coming from, and where it’s being spent.”Read on to learn more. “Whether you are living paycheck to paycheck or looking…

Database of State Incentives for Renewables and Efficiency

The recently passed Inflation Reduction Act offers numerous tax incentives for improving the energy efficiency of buildings and rebates on electric vehicles. This website: https://www.dsireusa.org/ has links to the opportunities in each state or you can search by zipcode. Many of the incentives are for businesses as well as consumers. One example of a nation-wide…

Last Chance to Buy I-Bonds Paying 9.62%

I-Bond rates change each May 1 and November 1, based on inflation during the prior 6 months. While the media are saturated with news about how bad inflation is, the reality is that rates on new I-bonds purchased November 1, 2021 – April 30, 2023 will decline to about 6%. So you have just a…

Considering Studying Abroad?

50 facts and statistics about the most popular countries to study abroad https://moneytransfers.com/study-abroad-facts-and-stats/ in 2022 If you or your child is considering study abroad, this publication provides a great overview of the reasons for study abroad and a variety of statistics. Check out https://moneytransfers.com/study-abroad-facts-and-stats/ “It’s often said that your university years are some of the…

Avoid Predatory Lending

How to Avoid Predatory Lending: A Practical Guide for Financial Consumers Knowing what’s a good deal and what’s not with personal loans is challenging. Predatory lending takes advantage of this by offering tempting deals that wind up being too good to be true. So it’s essential to know what to look for to avoid becoming…

Don’t Move to Another State Just to Reduce Your Taxes

 “We know lots of friends who are considering moving from a high-tax state, such as New York, to a state with low or no state income taxes. They think they will end up with more money, although they are torn because they may also be moving away from family and friends just to escape state…