The word “savings” initiates a wide range of responses from individuals. Some might think of savings as a passport or roadmap to their future or being more prepared for life’s hiccups. Youth may hear the word savings and wonder what that really means for them; while others may think about savings and feel anxiety or […]
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Colorado VITA (Volunteer Income Tax Assistance)
2023 federal income tax deadline is April 18, 2023 Do you want to prepare your own income taxes this year? You can prepare your own Federal and State income taxes online for FREE, using your computer at home. MyFreeTaxes is an excellent Internal Revenue Service (IRS)-certified remote, Volunteer Income Tax Assistance (VITA)-approved website that’s run […]
Paying Down Debt is Saving
It seems counter-intuitive that paying down debt is indeed saving. We tend to think that if we are not directly putting money into a savings or retirement account, we haven’t gained anything. Reports from Ramsey Solutions using data from the Federal Bank Statistics and U.S. Census Bureau indicates that the average credit card debt per […]
Saving for Major Money Milestones
A money milestone is sometimes called a long-term goal or age related financial goal. They are targets to achieve by a certain age or stage in life. For instance, buying a home in your 30s or saving a certain amount of money by your 40s. These milestones can guide you to your goals and ensure […]