Tuesday March 11, 2014
It's tax time! Some taxpayers will get refunds and others will end up paying. No one wants to send money to the IRS, but it's the law - if you owe, you have to pay.
If you don't have the cash to pay your tax bill, you might think about paying by credit card. It's a viable option and one you might end up taking. But, before you put the bill on your credit card make sure you know the alternatives and understand the risks.
Read: Pros and Cons of Paying Taxes By Credit Card
If you're due a refund, spend it wisely. Smart Ways to Spend a Tax Refund has tips. Visit About Tax Planning for more information on completing and filing your income taxes.
Credit Card & Tax Articles:
Sunday March 9, 2014
Have you ever wondered what happens behind the scenes when you swipe your credit card? This picture slideshow will give you a look at how credit card transactions are approved, paid, and billed.
How Credit Card Transactions Work
Image © LaToya Irby
Saturday March 8, 2014
Tracking your expenses is an important step in creating a debt plan. It's a prerequisite to creating a budget and figuring out how much you can afford to put toward debt repayment.
The Expense Tracking Worksheet (color or black and white) has a place to record all the details about your daily spending. At the end of one month, add up your spending and decide whether it's where you'd like to be. For helpful tips on tracking your spending, read How to Use Expense Tracking to Pay Off Debt.
More Debt Management Worksheets
Image © Jupiterimages/Getty Images
Friday March 7, 2014
It's a given that certain businesses will check your credit report as part of the application process. Creditors and lenders, obviously, check your credit before approving your credit card or loan application. Insurance companies check your credit to help set your rates. Utility and cable providers check your credit too, to decide whether you should pay a security deposit.
Having good credit is becoming more important as more businesses rely on your credit report to decide whether to approve your applications and how much to charge you. Creditors, lenders, and other businesses check your credit to determine the likelihood that you're going to repay on time. You can prepare for a credit check by checking your own credit first, to be sure that the information is accurate and to clear up any errors before making your application.