Great news! Nursing moms are getting a new tax break from the IRS for breast pumps and other supplies. The same proposal was rejected last year because the IRS didnt think breastfeeding had enough benefits to be considered medical care. But, the American Academy of Pediatrics and other breastfeeding advocates fought for the proposal, citing the many long-lasting health benefits of breast milk. The IRS has changed their tune and will now allow mothers to count the cost of breast pumps and other supplies as a medical deduction.
10 Tips To Manage Your Household Budget
Taking care of a family is hard enough, but managing the finances can seem next to impossible. Not only do you want to give them everything you can, but you also want to do it all without breaking the bank. Here are 10 ways to create and manage a budget that you can stick to…
5 Ways to Invest Money in the Bank
Banks may seem all-powerful, but without individuals and companies providing the funds, banks cannot operate. Whether you choose to invest in a simple savings account or in stock purchases made through your bank, investing in your bank can help the business and your own personal financial savings.
6 Money Saving Tips for New Moms
Having your first child is exciting – and there’s a lot to look forward to. However, expectant moms know that it’s a time filled with lots of anxieties and unknowns. As far as parenting and caring for a newborn baby, you aren’t really quite sure what to expect the first time around. From a very practical…
Five BIG Money Mistakes Women Make in Divorce
More than half of all divorced women fear they will end up a “bag lady.” Even high net-worth women are concerned they’ll run out of money and won’t be able to support themselves or their families. I get it: I’ve been there. Living through my own divorce — and advising the numerous women with whom…
Seven Steps to Save More at the Grocery Store
We all like saving money, especially at the grocery store, and coupons are a great way to get discounts. But when you first start out in the coupon world, it can seem a little overwhelming.
6 Ways to Save Money on Activities for Your Kids
Raising kids takes a lot of time, patience, love, and- of course- money. It’s difficult enough to keep your child entertained but especially frustrating when you’re trying your best to stick to a family budget. Whether you’re looking to cut costs on activities your children are already in, or looking for affordable plans for the…
6 Things You Should Never Say To Your Financial Advisor
Are you looking to get your financial house in order? Market volatility is real, and it’s projected to get worse before it gets better. Retirement planning, reviewing your investing strategy, and setting up an emergency fund can be a lot easier with a pro. In our Millennial Study, we found that the majority of those we…
How To Teach Kids About Money
It should be easy to teach our kids about money. We have it, they need it. The leverage is clearly on our side -- which is not always the case with parents and kids. But teaching children to respect money with out granting it too much power remains one of the more contentious, emotional, and…
Cash or Credit: Does Your Spouse Question Your Charges?
Hun, whats this charge on the debit card for $35.66? Oh, um, not sure, where from? ABC United something or other. Oh, I made a donation to a charity Okay, what about this charge for $2.99… Fruit – what the heck is Fruit Ninja? Oh, um, I bought an iPhone game for the boys? Really? Yea, they like to play it. A lot.