Financial Resources

Defining Taxable and Nontaxable Income

Professional Tax Service Defines Taxable and Nontaxable Income
by Holly Petherbridge
We can help taxpayers understand the difference between taxable and nontaxable income. In general, most types of income are included in the taxable category. When filing your taxes with or without the help of a professional tax service, you will want to make sure you report exactly what the IRS defines as taxable income. The following is a list of items which the IRS states are NOT taxable. *Child support payments - If you receive child support payments, you are not required to report it as income. The person sending the support has already paid taxes on it. *Gifts, bequests and inheritances are not

Will Student Loans Lower My Credit Score?

By Amy Jhn Because of the rising cost of tuition, more and more students are forced to apply for student loans to pay for tuition fees and other school necessities. Getting loans while they're still getting their degrees teaches students the value of credit and the value of hard work. Other students stay away from loans because they usually say, "Taking on a student loan will be negative for my credit report." Or "Taking on a student loan will affect my credit score." Loans can be a nightmare for many students especially if they don't do proper research before applying. Loans having a negative effect on your credit are one of those credit myths that affect the

Dollar Cost Averaging – Great Technique for Stocks

Dollar Cost Averaging - Great Technique for Stocks

By
Investopedia defines dollar cost averaging as: The technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low, and fewer shares are bought when prices are high. Why It Works for Stocks This is a great idea. This concept alone has allowed average Americans to become participants in the American dream of accumulated wealth. By investing a little at a time consistently and constantly, trillions of dollars have become concentrated in the 401(k)s and

4 Quick Ways To Fix Your Credit Score

4 Quick Ways To Fix Your Credit Score
By  When you need to take out a loan, the lending company will surely check your credit score. If you score below 760, you can kiss your loan goodbye. You need to have a good credit score to be able to get loans at better rates. Therefore, if you know your credit score does not measure up and yet you need a loan to take care of your bills, you should start doing some repairs fast. Here are some of the quick ways you can repair your credit: Get a credit card If you do not already have one,

Five Smart Credit Card Fraud Prevention Strategies

Five Smart Credit Card Fraud Prevention Strategies

By 
Protect yourself with techniques for credit card fraud prevention. There's certainly been a rise in credit card fraud cases nowadays, but this should not become a hindrance for consumers in terms of proactively protecting their financial life. Falling prey to card crooks can be inevitable, but it is important to know how to deal with such a situation effectively. Bear in mind that as you continue to use your credit cards for cashless transactions, your risk of becoming a victim increases as well.
  Here are some useful credit card fraud prevention techniques for you. Keep your credit card safe Always maintain the safety

Home Renovation Loans for Repair and Maintenance

Home Renovation Loans for Repair and Maintenance

By 
Keeping your home neat and clean is an everyday thing that you should do. On a regular basis, like monthly, you could check the different parts of your home like the water system, electricity, heating and cooling. It is important to keep these running smoothly and maintain them properly rather than not have it checked and have to replace major things. You might have to do some home renovations. Repairs in your home can be expensive. However, they are worth it. There are some things that need to be fixed immediately and you cannot put off. There are others that you can save for.

If you intend to sell your home in the near future then getting these