What you do with your money can directly impact your quality of life. Those who don’t have enough money for their basic needs may spend their lives constantly needing help from others. Those who have a lot of money can spend their time taking trips and generally enjoying themselves. Most of us are going to fall somewhere in the middle. However, we all need good advice when it comes to our money. What sites can give us the financial advice that we need?
Financial Advice on your Bank’s Website
If you belong to a bank or a credit union, you should visit their website for more financial advice. Most bank websites have interactive tools, articles and other tips to help you manage your money in an efficient and responsible manner.
You will be able to calculate how much you would be able to afford for a mortgage using a mortgage calculator. If you wanted to get a personal loan, you could see how much your monthly payment would be depending on the amount of money you borrow as well as the interest rate attached to it.
If your bank has a mobile app, you will be able to access your banking information online. Some banks allow you to deposit checks just by taking a picture with your phone. While this doesn’t fall under the realm of advice, it certainly helps you get your money into the bank before you are able to lose it.
Blogs And Articles Written By CPA’s Are Great Sources Of Information
As most people know, reading a blog doesn’t mean that you are learning anything useful. The only way that you are going to gain anything useful from a blog is by reading posts written by those who have experience in the financial field.
Reading a post written by a CPA, a tax lawyer or any other financial professional can be a great source of information as to what you might want to do with your money. These experts will give you all kinds of tips and advice as to how to manage your money in a way that will allow it to grow and flourish.
The best news is that any financial advice that an expert gives out has to be fully vetted. If an accountant gives you advice that is misleading or untrue, that person could lose his job. Therefore, you know that whatever you are reading is certainly the real deal.
Government Websites Give You Great Information Regarding Taxes And Educational Costs
If you have a child who is going to college soon, you may want to check out a state or federal government website to look into ways that you can pay for school. There are many scholarships, grants and student loans available.
Those who have a young child may want to read about 529 programs, savings bonds and other tax-free investments that can be made to help start a college fund for a young child. Saving for college when a child is young makes it a lot easier to keep up with the rising price of tuition.
Anyone who needs information about how to save money on their taxes should go to the IRS website immediately. The information that you will find there can help you save money on your taxes without doing anything illegal. The last thing that you want to do is pay too much to the government. That is money that could be invested in other ways.
Reputable Magazines Will Have Websites Related To Money
Sites like Forbes, CNN Money and other financial websites will provide you with unique perspectives when it comes to your money. Not only will you learn how to invest your money, but you will also learn how daily activities can impact your financial future.
For example, you may not think anything about taking out a student loan or a credit card. However, you should know that taking out a student loan means that you have to repay that money no matter what. Credit cards can be even worse for college students. This is because these cards come with high balances and high interest rates.
When you put the two together, you see how bad of a debt situation that a young person could get into. Reading these articles will make you think about things in a different way. Most people probably didn’t realize how a high credit card balance could make your debt situation even worse if you are saddled with another debt that has a high outstanding balance.
You should strive to get the best possible advice when it comes to your money. Without money, you are going to struggle to live a life that you will enjoy. Therefore, you should get as much information as you can from as many different sources as possible. This will allow you to consider ways to grow your money that work for you and your unique life situation.