Do you want financial freedom? If you're like me, you want a secure financial future, one in which you don't worry about paying the bills, you donate to your favorite causes, and easily pay for things, such as vacations, houses, cars or whatever it is you want. But what if financial freedom is the very thing that can destroy your finances?
As with most things tax-related, choosing whether to file jointly or separately as a married couple is a highly individual and complex decision. That's why we consulted two certified public accountants to find out how common it is for a married couple to file separately, what it means for your taxes and in which situations it may apply.
Helping your grandkids navigate the road to their financial future is one of the greatest gifts you can give. Make it a fun and natural component of your time together. Keep a journal and take photos of your journey, having the kids add notes along the way. They're going to treasure it when they're older and keep the tradition of financial education with their own children.
When it comes to our relationships, money is not the issue many people believe it is. Money, that little green piece of paper in your wallet, in and of itself, is powerless. It's actually what the money represents to two different individuals that can be problematic, as well as their communication or lack thereof around the topic.