Understanding the 50/30/20 Budget Rule: Budget 30% for wants.
Your wants refer to the things that you desire to have but they are not essential for your survival. They are distinct from the things...
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Sharon Dudley
- May 2
- 1 min
"Understanding the 50/30/20 Budget Rule: Budget 50% for necessities
Your essentials typically encompass your fundamental living costs and should make up 50% of your after-tax income. These are the...
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Sharon Dudley
- Apr 25
- 1 min
"Is the 50/30/20 Budget Rule Still Effective in Today's Economy?"
What you should takeaway from a 50/30/20 budget... If you’re looking to gain better control and confidence with your finances, the...
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Sharon Dudley
- May 1, 2023
- 1 min
TAX SEASON IS OVER!!
Now that you survived another tax season, let's make sure that all of your personal finances and records are up to date. You don’t need a...
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Sharon Dudley
- Jan 10, 2023
- 1 min
INCOME VS. WEALTH
Income is the amount of money you receive on a regular basis, while wealth is the length of time you can maintain your current lifestyle...
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Sharon Dudley
- Jan 3, 2023
- 2 min
Tax Credits and Deductions Changes
Understanding tax credits and deductions can be confusing, but they can also be a great way to save money on your taxes. It’s important...
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Sharon Dudley
- Apr 1, 2022
- 1 min
Financial Literacy Month
Financial Literacy Month is a celebration and a challenge. Now that Tax Season is almost over, it's a chance to reflect on the state of...
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Sharon Dudley
- Dec 16, 2021
- 1 min
Health Insurance Premiums
Congress also increased health insurance premium subsidies in March, making coverage more affordable for millions of Americans. While the...
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Sharon Dudley
- Dec 2, 2021
- 1 min
Expanded Child Tax Credit
The American Rescue Plan boosted the child tax credit to $3,000 for families with kids 17 and under for 2021, with an extra $600 for...
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Sharon Dudley
- Dec 2, 2021
- 1 min
Charitable Deductions
Taxpayers eyeing a year-end charitable donation may take advantage of a special write-off for cash gifts in 2021, even if they don’t...
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Sharon Dudley
- Jun 14, 2021
- 1 min
TAX SEASON IS OVER
Now that you survived the first tax season since the Covid-19 Pandemic, let's start making updates to your personal finances and records....
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Sharon Dudley
- Feb 20, 2020
- 2 min
FINANCIAL HISTORY MOMENTS: SELMA BURKE
She is responsible for the sculpture of Franklin Delano Roosevelt that was minted on the American dime.
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Sharon Dudley
- Feb 14, 2020
- 2 min
FINANCIAL HISTORY MOMENTS: MAGGIE LENA WALKER
Walker was the first African American woman to charter a bank in the United States
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Sharon Dudley
- Feb 12, 2020
- 1 min
Money-Smart Teenagers
Teenagers should understand the benefit of setting up a budget that documents how much money is coming in and out.
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