Financial Counseling Association of America (FCAA)’s Post

Although you want to avoid debt, borrowing money when cash flow is positive ensures that should you need it, you’ll have it – to invest in growth or weather the ups and downs of seasonality. Read more 👉 https://lttr.ai/AX6oG #Budgeting #CashFlow #FinancialHealth #TaxPreparationServices

What are five signs you may need debt relief before the holidays? @CBSNews interviewed FCAA President Martin Lynch to learn signs to watch for in this article: https://cbsn.ws/4i5NBqq #DebtRelief #DebtHelp #Budgeting #FCAACanHelp

This chart shows how the BC Government collects and spends your tax dollars. Debt matters. And this budget is further increasing it. We are currently spending $3.3bn a year on debt servicing costs. This is expected to rise to $5.7bn by 2027. How much is $3.3bn? It’s enough to build a new state of the art hospital every year, enough to cut PST to 4.7%, enough to boost social services spending by 36% or enough to eliminate both the fuel and property transfer tax (with change to spare). #bcbudget #abbotsford #abbotsfordsouth

How can you build a holiday budget that will cover buying for everyone on your list while keeping you out of debt? BBB recommends the following steps for calculating your seasonal budget and sticking to it.

How can you build a holiday budget that will cover buying for everyone on your list while keeping you out of debt? BBB recommends the following steps for calculating your seasonal budget and sticking to it.

“YOU” are your most important bill. We have to save/invest at least 10-20% of our income. If we never pay ourself first, then we will just repeat the same cycle of never having any money and not getting ahead. Yes, it’s easier said than done, but we have to make sacrifices and sometimes be creative in making it happen. #save #budget

💡 Tip Tuesday: Create a budget now for holiday spending to avoid debt in December. Let’s keep your finances in check! #HolidayBudget #SmartSpending #DebtFreeHolidays

WHAT IS THE 50 30 20 BUDGET RULES? The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

%US #BUDGET DEFICIT FOR FY 2024 RISES TO 1.8T. UP 8% FROM '23 🇺🇸 🏦 …..continued fiscal #imbalance ⚖️ could make it more difficult for #Congress to reach a spending #deal for fiscal year 2025 and to address the debt ceiling, which returns on January 2. #Lawmakers reached a deal last month to fund the #government until December 20, avoiding a #shutdown.

Struggling with tax debt? The IRS has guidelines for necessary living expenses to help you. Know what you’re entitled to for food, healthcare, housing, and more. #TaxTips