Not all parents are able to go out and work at a brick and mortar job. Many are stay-at-home moms and dads that need to be around during the day to take care of their children. This can leave many feeling financially frustrated. There are ways, however, that stay-at-home parents can make extra money, giving them the financial freedom that they need.
Parents with children who love sports are always trying to save money on sports equipment. Saving money is always a good thing for parents wanting available cash to go further. Those in charge of children’s and teen’s sports teams also need to save money on sports equipment to get teams well equipped on small budgets. After all the fees are collected from parents and the fundraisers have collected what additional money they could, equipment must be purchased at the best prices possible.
The team at Captain Cash has seen families go from saving a couple hundred dollars a year to saving thousands and more. There was no huge pay raise, no lottery win, and no momentous changes to anyone involved. It requires a few small adjustments, compounded over the year, to make a new financial effort feasible. Consider buying more used items to shave off in every area, and create a budget that makes just enough sacrifices without going overboard.
For many people, Social Security payments for retirement will equate to a significant part of their income. While this income may only measure up to about a quarter of an individuals wages before retirement, it can be a very important aspect of a comfortable financial retirement. However, the best way to maximize Social Security benefits is to wait until the age of 70 to file for these benefits. This is typically when the amount of the benefit will max out. It is, however, important to determine how a person can bridge the retirement financial gap, and wait as late as possible to file for Social Security benefits. Here are a few things to keep in mind.
Americans are slowly coming out of “crisis mode” as the economy improves, but some people are still dealing with unemployment. Thankfully, the US government isn’t as cruel as some may have been led to believe, where unemployment is concerned. Below are seven Captain Cash approved ways to save on taxes while unemployed.
The death of a loved one is a difficult time to endure as your head and heart are never prepared for the loss. In addition to the grief of missing a deceased loved one is being responsible for the financial arrangements as well as funeral provisions for the deceased. Although talking to a loved one about this subject may seem morbid, planning ahead can minimize family strain as you prepare to settle the numerous matters than need to be sorted. Pick a day to sit down with your loved one and figure out what they want and how they want it structured. Be open with them when you are discussing the matter as there are a number of things to discuss financially.
It does not take much to save for retirement. The concepts of compound interest, the amount of options in the financial industry, and the application of great financial habits can make the difference between a $100,000 savings account and $10 million. When should saving for retirement begin? Yesterday. On a more realistic manner, it should begin by building habits and establishing smart debt maintenance.