46 results found for Creating an Income and Expense Tracking Document.

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Finding the Best Way to Pay

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Finding the Best Way to Pay

The companies you owe money to are very helpful when it's time to pay them; most provide a number of ways to give them money, whether by mail, phone, their Web site, your bank's Web site, or in person, and most will take various forms of money as well: paper check, one-time or recurring automatic transfer from checking, credit card, money order, cash, chickens. (Chickens are the least common.)

With such a dazzling array of fabulous ways to separate yourself from your funds, how can you choose which is best?

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Calculating Your Personal Profits and Losses

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Calculating Your Personal Profits and Losses

Let's get this chapter off to a strong start by looking at you as not just one person but as a serious, complex financial operation. As such, you need to periodically assess your financial health. The standard measurement of financial health for a business is the profit and loss statement (P&L). This is a simple calculation of how much money the company made, minus expenses, which shows what the net profit or loss was for a given time period (for example, one fiscal year).
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Finance: Letting Your Computer Do the Work

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Finance: Letting Your Computer Do the Work

Remember that happy moment back in school when you were finally allowed to use a calculator? Until then, you had to show your work, performing all of your calculations with paper and pencil. Eventually, after years of doing it all by hand, you earned the privilege of punching it all into a calculator and letting the machine do the grunt work.

That day has arrived once again. Now that you know how to balance your checkbook by hand, you've earned the right to let your computer do it for you.

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Challenges and Opportunities for the Self-Employed

Challenges and Opportunities for the Self-Employed

When starting your own business, you can expect some challenges along with the rewards. Working for someone as an employee generally includes benefits, and your employer is responsible for the taxes on your salary. When you're working for yourself, however, you must plan for your own benefits, such as health care and retirement, and take care of paying the applicable taxes. These can be quite a drain on your income.

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Government Funding for Adoption

Government Funding for Adoption

Federal and some state governments now offer a number of benefits or reimbursements for some adoption costs. Federal laws also require employers that provide health insurance to give the same insurance to newly-adopted children.

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Updated: March 2, 2022

What Does the New Child Tax Credit in 2022 Mean and How to Claim It

2022 Tax Credit

The new, expanded Child Tax Credit (CTC) of 2021 was part of President Joe Biden's American Rescue Plan. This tax break was one of the measures aimed at helping struggling families during the pandemic.

The expansion increased the tax credit for child dependents by almost double. In addition, families could opt to receive up to half of the payment amount in advance, in six monthly payments of up to $300 per qualifying child.

Planning Your Wedding Budget

Planning Your Wedding Budget

Once you decide to get married, you can kiss your free time good-bye. There's just so much to do. You need to make the official announcement, pick a date, and start making wedding plans. You've got to arrange for time off from work for your honeymoon, think about where you'll live, and pick out your wedding dress and tux.

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Budgeting for Baby

Budgeting for Baby

You may have heard people say that if you waited to have a baby until you could afford it, you'd never have children at all. While there is truth to this statement, there is also something to be said for being fiscally responsible in planning for your children. A new baby doesn't have to break the bank. The first step to success is knowing what expenses to expect.

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Changes in Your Marital Status

Divorce

Changes in Your Marital Status

A change in marital status can result in big changes to your financial situation. While middle age used to be a relatively calm period of life, many people today experience all kinds of life changes while in their 40s and 50s.

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Legal and Parenting Implications of Separation

Legal and Parenting Implications of Separation

It's important to understand the legal implications of separation, including the difference between an informal break and a legally binding agreement. Remember that separation laws vary by state. In some jurisdictions, for instance, all assets and debts acquired after the date of the agreement are excluded from consideration as marital property. Without a legal agreement, you are considered married in every sense of the word—and held liable for every cent your partner spends.

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Do You Need a Budget?

Why budgets are good

Do You Need a Budget?

Despite what most people think, “budget” is not a dirty word. Granted, it's not as great a word as “vacation” or “windfall,” but there are much worse things in life than living with a budget. A budget is a schedule of income and expenses, usually broken into monthly intervals and typically covering a one-year period.

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Filing Systems for Genealogy

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Filing Systems for Genealogy

Using binders for your pedigree charts and family sheets is a start, although you will accumulate considerable additional paper. You want a simple system, easily expanded as your search progresses. Create a set of file folders. Use either standard 8½" X 11", or legal-size 8½" X 14" folders. Legal size may seem the most desirable, since many document photocopies will be legal size. However, legal-size filing cabinets are wider than standard size.

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Finding an Adoption Agency

Locating and scoping out agencies

Finding an Adoption Agency

How do you locate a reputable and competent adoption agency? Many people merely pick up the Yellow Pages and start dialing every number listed under “Adoption.” Not a good idea. The agency with the splashiest advertisement isn't necessarily the best one. (Although it might be.) Forget about making your agency choice solely by choosing the agency with the nicest website or the cutest photos of babies on the Internet.

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Welcome to the Sandwich Generation

Welcome to the Sandwich Generation

If you're like many baby boomers, you've got two or three kids of your own. And depending on how old you were when they were born, they may be anywhere from toddlers to adults living on their own. We know 50-somethings who are just now making the rounds of elementary school concerts and parent-teacher conferences, and other 50-somethings who are happily playing with their grandkids.

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Backing Up Financial Data on Your Computer

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Backing Up Financial Data on Your Computer

Exercise. Flossing. Cleaning the gutters. Backing up computer files. All things we know we should do, but often don't.

I can't help you with the first three. (Actually, I could motivate you with gum-disease horror stories courtesy of my friend the dental hygienist, but I won't.) However, backing up computer files becomes especially important when you're tracking your entire financial life electronically, so let's give it a shot.

Why don't we do it?

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Creating Storage and Archive Areas for Your Homeschool

Creating Storage and Archive Areas for Your Homeschool

From the textbooks you include in your curricula to supporting resources such as videotapes and DVDs to completed projects and homeschool documentation, you will need to handle lots of "stuff" related to your homeschool. When designing your homeschool area, you need to include lots of storage room.

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Common Adoption Scams

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Common Adoption Scams

What kinds of bad things do scammers do to people who want to adopt? You want specifics? Okay. I warn you about major scams to avoid in the following sections.

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Setting Up a Trust Fund

Setting Up a Trust Fund

Money ABCs

A trust is a legal type of ownership in which property is held by a fiduciary, called a trustee, for the benefit of someone else, called a beneficiary. The trustee runs things; the beneficiary gets things from the trust. The person who gives the money to the trust is called a grantor or settler.

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Genealogy: Researching Estates

Genealogy: Researching Estates

Genie Jargon

To reach the age of majority is to become of legal age. This usually was 21 for a male, and 18 or 16 for a female, but the age differed from state to state and in different time periods.

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