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Tax Reform – What it Means for Employees

For the Mommas

With the late December tax reform bill, many employees are wondering how this will impact them in 2018. Most provisions that affect individuals and businesses take effect January 1, 2018, meaning your 2018 paychecks should see more take-home pay as soon as tax charts are updated by the IRS. Image credits.

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2019 Christmas Savings Club

Family Balance Sheet

How did you do with your Christmas spending in 2018? Did you use cash or put your purchases on a credit card? But if those gifts were paid with a credit card that doesn’t get paid off as soon as the bill arrives, any savings from store sales, coupons, and/or rebates might be negated from the interest accrued.

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2023-2024 Tax Brackets and Federal Income Tax Rates

Savings Corner

Register for a NerdWallet account to gain access to a tax product powered by Column Tax for a flat rate of $50 in 2024, credit score tracking, personalized recommendations, timely alerts, and more. The total bill would be about $6,300 — about 13% of your taxable income, even though you’re in the 22% bracket. Take a look back.

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Christmas Savings Club | August September 2019

Family Balance Sheet

This should cover my tentative 2019 Christmas budget that I based on what we spent in 2018. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names.

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Our Family Finances Update: January 2021

Family Balance Sheet

Yep, I found a $20 bill last year on the beach! This money will go towards paying the actual medical bills from the injury. Credit cards are a tricky subject and we pay off the balance every month, so I will write more about this soon. Found Money in January: $1681. I started donating plasma in January!!!

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Christmas Savings Club | October 2019

Family Balance Sheet

This should cover my tentative 2019 Christmas budget that I based on what we spent in 2018. In March, I added $70 in $1 bills that I had been setting aside for the past year. Last year, a friend of mine on Facebook shared that she saves $1 bills that have Federal Reserve letters that match the first letter of her kids’ names.

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Family Office Manager

Family Balance Sheet

After 20 years, I switched from Quicken software to You Need a Budget (YNAB) software in 2018 for our household. Pay our bills in a timely manner. Most are now set up on automatic billing which almost makes this a non-issue, but early on when I mailed actual checks, paying bills on time was a top priority.

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