Short-Term vs. Long-Term Loans: Which Is Right for You?
When it comes to borrowing money, not all loans are created equal. Some are designed to cover immediate expenses, while others help you make major purchases or long-term investments. The difference often comes down to one simple factor: time.Understanding how loans work can help you make smarter financial decisions, whether you’re running a business or... Read MoreHow to Plan for Tax Changes After Having a Baby
Welcoming a new baby changes almost everything: your schedule, your spending, and even your taxes. Becoming a parent not only adds joy and responsibility to your life, but it also brings new opportunities to save money through valuable tax credits and deductions.Understanding how having a child affects your tax situation can help you plan ahead,... Read MoreHow to Stop Living Paycheck to Paycheck
If you often find yourself counting the days until your next paycheck, you are not alone. Many people live in that constant tension of just getting by. The good news is that you can change it.Escaping the paycheck-to-paycheck cycle is not about suddenly earning twice as much money. It starts with a shift in how... Read More
What Is a Credit Freeze and When Should You Use One? | AMG
Identity theft and data breaches are more common than ever, leaving many people wondering how they can protect their financial information. One of the strongest tools available is something called a credit freeze. But what exactly does that mean, and when should you consider using one? Let’s break it down.What is a Credit Freeze?A credit freeze... Read More
How to Prepare for Retirement, No Matter Your Age| AMG
Retirement can feel like a far-off goal when you’re young, and even a little intimidating as you get closer to it. But the truth is, no matter your age, there are steps you can take today that will set you up for a more comfortable and secure future. Whether you’re just starting your career, raising a... Read More
Tax Tips for Newlyweds: What You Need to Know
Getting married is an exciting milestone. Along with merging households and planning your future together, there’s another big task to tackle - filing taxes as newlyweds. While it may not sound romantic, understanding how marriage affects your taxes can help you avoid surprises and set the stage for a smooth financial journey.Let’s explore what you need... Read More
How to Handle Taxes if You Own Rental Property
Owning rental property can be a smart wealth-building tool, but it also comes with important tax responsibilities. The rules for reporting rental property on your taxes are very different from your personal return, and many property owners find themselves overwhelmed by what they can (and can’t) deduct, how to report losses, and how to handle capital... Read More
Understanding Your Loan Amortization Schedule
What It Is, Why It Matters, and How It Helps You Plan AheadWhen you take out a loan, it’s easy to focus on just one number - your monthly payment. But there’s more going on behind the scenes. Every payment you make has a split purpose: part goes toward paying off the loan itself (the... Read More
What Happens If I Get Audited by the IRS?
A Step-by-Step Breakdown to Help You Stay Calm and PreparedNobody wants to hear the word audit. But if the IRS reaches out to you for a closer look at your tax return, it doesn’t mean you’ve done something wrong—and it definitely doesn’t mean you’re in trouble. Audits happen for all kinds of reasons, and in... Read More
