Financial planning is about managing your income and expenses in a well-organized manner. Although it may sound complicated, it is extremely easy. It is important to remain consistent and stay focused on your long-term objectives in order to achieve your financial goals. Follow the tips listed below to streamline the process of financial planning for yourself: Have a plan : Start with a plan so that you know where you are heading and where you want to reach. Unless you know your objective, it will be difficult for you to take the right saving and investment steps at the right time. Start early : Although most first-time earners have a tendency to spend their initial years enjoying life and spending their hard-earned income on various things, starting to save early is crucial. The sooner you start, the more time will you get to achieve your long-term goals. It is important to understand how compound interest will positively affect your investment. So, if you start saving at around 25 instead of 35, you will obviously have more money when you retire. Consider tax reliefs : When you make investment decisions, keep the available tax relief in mind. It will help you make the most of your contribution while reducing the amount you pay as tax.

LendingClub is a leading peer-to-peer lending portal and is a good place for both investors and borrowers. The company started in 2007, and since then, it has built a reputation of being a trusted medium to connect verified investors to borrowers in need. LendingClub loans and their purpose LendingClub offers personal loans to borrowers who may need it for different purposes. It works on the same principle as a standard loan wherein you may borrow money and pay back with interest at a fixed monthly rate. There are plenty of reasons for you get a personal loan. Some reasons for which you may get any of the following loans from LendingClub are as follows: Credit card refinances Credit card dues may get very difficult to pay off if you are not financially disciplined. If the due date for payment is over and you are not able to arrange for a medium to pay off the loans, then LendingClub comes to your rescue. Home improvement project A home improvement or a repair may leave a dent in your pocket. You may not always have ready expenses to manage a big home improvement project, but with a loan from LendingClub, you surely may fulfill your dream of living in a house that you have always wanted!

A gas card is one of the best options to help you save on your expenses when you have to use fuel frequently. When you apply for a gas card, you can choose from any of the following gas cards. These personal fuel cards come with great features and perks. Read on to know the features and the rewards offered by the 10 best gas credit cards. Ink Business Cash℠ credit card Ink Business Cash℠ credit card is one of the best options to consider and is one of the 10 best gas credit cards. It has no annual fee, and you get 2% cashback on all the purchases at gas stations. The best advantage is that you can redeem the amount until your account is open. Costco Anywhere Visa® Card by Citi To get the best gas rewards with a credit card, you can apply for a card from this partnership between Costco and Citibank. It comes with zero annual fees if you have a Costco membership, and you can avail around 4% cashback on eligible gas stations, as well as at the Costco outlets. This rate is valid for the first $7,000 spent on gas and, thereafter, it reduces to 1%.

As the name suggests, an inheritance tax is basically an amount the state government orders a person to pay who is entitled to gain money or property from the estate of a person who has passed away and left it to them. This is not to be confused with the Federal estate tax since that is paid out of the assets of the deceased person and not the beneficiary. Normally, the threshold for an estate tax is $1 million, and as a result, very few are required to pay it. When it comes to inheritance taxes, New Jersey, Nebraska, Pennsylvania, Maryland, Kentucky, and Iowa are the only six states that implement it. Besides, people living in these states have the safest option of naming the property after their spouse who is alive, to be relieved of the tax. However, state laws are always subject to changes; thus, checking with the official law agency goes a long way in avoiding complications. The tax rates may vary from 1% to 20%, depending on the property’s value and the amount of cash a person stands to inherit. However, inheritance taxes usually feature one or more beneficiaries who are appointed by the executor of the estate because the assets are so big that they need to be divided up.

With the introduction of the Tax Cuts and Jobs Act in December 2017, passed by the Congress and signed by President Trump, the process of paying income tax is expected to be simplified from this year. If you have hired someone to take care of your taxes, their job is also expected to get easier with this act. However, if you are doing your taxes on your own, you must get help with regard to which income tax software is ideal for you. Picking the right income tax software is important, as a lot depends on how simplified the process is made for you by the software. You can also look up free tax software online, but they might not be packed with the same features. Read along to find the list of top income tax software (in no particular order). TurboTax Deluxe 2018 The reasons why this software is rated among the top income tax software are its plain-language help resources, a flawless user experience, and a thorough explanation of the tax forms and schedules. TaxAct Online Plus 2018 This software is home to a supreme user interface, navigation, and efficient help tools. Another added advantage is the low cost for federal E-filing, which is one of the best among most tax preparation services.

With the tax season approaching, it is time to assess your income, deductions, and exemptions for filing your federal taxes. With the new tax bill overhauling the entire existing income tax brackets and deductions, it can be quite confusing for some to understand how to calculate their taxes. This is when online tax calculators can be helpful in simplifying the tax calculation process. Here are 3 commonly used tax calculators that have incorporated the new tax brackets, tax rates, and deductions. TaxCaster This free tax calculator makes it convenient to calculate your federal taxes. It has been updated with the new tax laws. This tool gives an estimation of federal income taxes and provides accurate information regarding how much a person would get back or how much they might owe the state. TaxCaster is an online tax calculator that is available as an app for Android and iOS phones. The app is available in the App Store and in the Google Play Store as well. [prf_ads_between_content] NerdWallet’s Federal Tax Calculator This is one of the simplest online tax calculators . The interface is very easy to use; the form has helpful prompts on the side that makes it simple to give the most accurate information regarding your income, credits, and deductions.

If you are a homeowner with a monthly mortgage payment looking to build your savings, it might be time for you to consider mortgage refinancing. Mortgage refinancing allows you to renegotiate your interest rates, helping you save big on repayments. Additionally, there are multiple reasons to opt for a mortgage refinance. Read on to know more.  Low monthly mortgage payment Lower money out of the pocket is certainly a valid reason to refinance mortgages. If you want to pay lower monthly payments instead of paying up the loan sooner, this might be your chance to make the change. Check with other lenders and strike a deal that works for you. On the flip side, people who want to switch to shorter loan periods can also make the move. Fixed interest rate A smart move if you want to avoid increasing floating interest rates. There is no certainty whether or not the future prices will rise gradually or exponentially. If you want to make sure that you do not end up being a victim of rising rates, you can switch to a fixed interest rate plan by refinancing your current mortgage. Of course, you are going to have to figure out which one would end up costing you the extra few bucks.

Students who’ve chosen to walk the path of medical, law, military or teaching, keep reading to know about the options available for student loan forgiveness. For those who aspire to serve the country Students who plan on becoming a member of the armed forces, you’re automatically eligible for student loan forgiveness. All kinds of military jobs like Navy doctors, veterans, Air Force, etc. offer student loan forgiveness programs. Military College Loan Repayment Program (CLRP), The National Defence Student Loan Discharge, Public Service Loan Forgiveness Program are a few options you can consider to explore. For those who love to defend Students aren’t well informed about the options out there for law students on loan forgiveness. One thing we know for sure is all direct federal loans and guaranteed loans are eligible for student loan forgiveness. However, private loans aren’t forgivable. The program you should be looking at is Department of Justice Attorney Student Loan Repayment Program (ASLRP), Law School Loan Forgiveness Programs and State-Specific Loan Repayment Programs. For those who want to save lives Medical school can get very expensive and will always be high in demand. With high tuition fees comes the heavy burden of student loans. Knowing there are a good number of student loan forgiveness programs to explore, your dreams are achievable.

4 Common Types of Injury Cases The term “personal injury” refers to any kind of emotional, psychological, or physical harm or distress caused to an individual by another person. They can seek redressal for these, and injury lawyers help them in this endeavor. These are the common injury cases that injury lawyers deal with: Motor Vehicle Collisions (MVC) Accident cases make up for a majority of personal injury cases in the country. These involve the collision of an automobile with another or a pedestrian. It is difficult to determine the legal liability of MVC cases, which is why people hire personal injury lawyers specializing in auto accident cases. The case depends on a number of factors like police records, common law violations of the provincial driving coded, and so on. Only injury lawyers can define one’s liabilities carefully and negotiate a favorable settlement. Medical malpractice This critical situation arises when a doctor or any other health care professional fails to deliver skilled care and ends up injuring the patient. As medical malpractice cases are complex, they require lawyers familiar with these laws. For instance, some lawyers specialize in cases where the victim’s newborn baby suffers from a birth injury like bone fractures or infant brain damage.

The coverage loopholes left by your health insurance plan are filled in by supplemental insurance. Many different types of supplemental insurance plans are available to support health issues. Supplementary insurance can be bought either directly from the supplement insurance company or from an agent. No matter what, supplemental insurance which is a collection of mini insurance plans that are sprinkled over your regular health insurance is a boon to the healthcare coverage of your family. You can always research about supplemental insurance companies Medicare provider and also compare Medicare supplemental insurance plans. The various types of supplemental insurance are as follows: Critical illness insurance: As the name suggests, this type of insurance provides coverage for cancer, organ transplants, strokes, heart attacks, kidney failure and more. Accident insurance: In case you are injured in an accident, then the accident insurance pays you lump-sum cash. Hospital insurance: This is a worthy investment as even a night stay in the hospital can work up to a bill of $4000. Fixed Indemnity insurance: This type of insurances covers you’re out of the pocket expenses with cash benefits paid directly to you. Disability insurance: If you become too sick to continue working then the Disability insurance helps retain some of your income.

Cryptocurrencies are the next big thing that everyone wants to invest in it. It is a form of digital payment that can be exchanged to buy goods and services. There are many types of cryptos worldwide. All of them are digital and only exist within the infrastructure of your computer. If you are in the Philippines and looking to invest money, it would be helpful first to understand the local market scenario. The Philippines is probably the world’s fastest adopter of cryptocurrencies, with 40% of the population currently holding some form of this digital currency. Many holders are young people, some of whom have won tokens by playing virtual games. Since three-quarters of the Filipino population does not have a bank account, cryptocurrencies and blockchain technologies are bridging this gap. In 2019, Union Bank became the first Filipino institution to launch its cryptocurrency exchange, PHX. PHX’s value is pegged to the Filipino peso and is guaranteed to be at parity, making it an ideal storage mode.  Bitcoin (BTC) Bitcoin was created in 2009 by a pseudonymous creator, Satoshi Nakamoto. It is a trendy choice, as it triggered the launch of numerous cryptocurrencies collectively called altcoins. An advantage of dealing with Bitcoin is that it offers lower transaction fees than traditional online mechanisms.