article thumbnail

Christmas Savings Club | October 2019

Family Balance Sheet

Welcome to the 2019 Christmas Savings Club. On the 25th of every month from January to November in 2019, I will hold a virtual meeting on the blog to give updates on our progress, motivate one another, and help all of us save for a cash Christmas. My monthly goal is $100. My monthly goal is $100.

2019 100
article thumbnail

Christmas Savings Club | August September 2019

Family Balance Sheet

Welcome to the 2019 Christmas Savings Club. On the 25th of every month from January to November in 2019, I will hold a virtual meeting on the blog to give updates on our progress, motivate one another, and help all of us save for a cash Christmas. My monthly goal is $100. My monthly goal is $100.

2019 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Net Worth Defined: What Is My Net Worth?

Savings Corner

Find your net worth by using our net worth calculator. Tax Filing Webinar — Jan. 17 File your taxes with confidence: Grab your limited spot to join the Tax Nerds in this one-hour session about tax filing and tax planning strategies. Net worth defined Net worth is assets minus liabilities.

article thumbnail

7 Ways to Spring Clean Your Finances

Family Balance Sheet

Did you use the S.M.A.R.T. T – time-based, tangible, In 2019, we paid off six figures of non-mortgage debts. It took us many years so I broke the payoff goal into smaller chunks. It took us many years so I broke the payoff goal into smaller chunks. Take some time to review your yearly financial goals. M – measurable.

Finance 130
article thumbnail

The Best And Worst States To Retire In 2023, Ranked

Savings Corner

Iowa lands near the middle of the pack tax-wise. 23 for property taxes and No. 22 for state and local sales tax. Iowa also doesn’t tax Social Security benefits , and Iowans age 55 and older are exempt from paying state taxes on retirement income for tax year 2023. The state ranks No. 31 for cost of living.

Iowa 52
article thumbnail

2023-2024 Tax Brackets and Federal Income Tax Rates

Savings Corner

There are seven federal income tax rates in 2023 and 2024: 10%, 12%, 22%, 24%, 32%, 35% and 37%. federal tax rates will remain the same until 2025 as a result of the Tax Cuts and Jobs Act of 2017, but the income thresholds that inform the tax brackets are generally adjusted each year to reflect the rate of inflation [0].

Taxes 52
article thumbnail

How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

What got us through financially? I am totally paraphrasing the year, but had it not been for the money in our emergency savings, we would most likely have used credit cards to survive. I still use my spreadsheet to this day! I decided to use Dave Ramsey’s 7 Baby Steps as a guide and I wrote our first Debt Freedom Plan.

Debt 130