Personal Finance Planning

A new dad is looking up ways to plan for his family's future.

What is Personal Finance?

Personal finance is the management of an individual's financial decisions and activities. It covers a range of topics including budgeting, saving, investing, and retirement planning.  It is important to understand personal finance to achieve financial goals and create a secure financial future.

Financial Terms Glossary

Financial terms are specialized vocabulary used in the field of finance to describe concepts, instruments, and practices. They play a crucial role in enhancing understanding and communication within the financial industry.

Take Control of Your Finances With Our Financial Planning Checklist

Financial planning is essential for creating a solid financial foundation. Understanding the details of your financial life can increase your peace of mind and offer a greater sense of security. Our financial checklist is intended to provide general information to help you review your finances. It is not necessarily ordered by priority or in a specific order.

A Guide to Personal Finance Basics

To build a sound financial future, managing money effectively is crucial. However, personal finance can be daunting due to its complexity. Nonetheless, gaining knowledge about finances can aid in money management and long-term success, and it's never too late to start learning. Here's a beginner's guide to personal finance 101.

How to Prepare for Tax Season 2023

This year's tax filing deadline is April 18, 2023. If you earned income in 2022, you'll need to file a federal tax return and a state tax return. The list below can help you understand how to prepare for tax season and assemble everything you need to file on time.

Which Life Stage Are You Preparing for Financially?

Financial planning is essential for all life stages, but different life stages require different preparations. It is important to identify which stage one is in and plan finances accordingly to ensure financial stability and security. No matter where it leads you or how you get there, these financial factors may be able to help you begin your journey.

Considerations to Help You Prepare for a Recession

Economic recessions are unpredictable and can happen at any time, so it's crucial to be ready for them. Making better choices regarding how to construct or strengthen your financial plans can be accomplished by becoming familiar with the fundamentals of what to anticipate during an economic downturn.

Types of Payroll Deductions & Withholdings

Payroll deductions and withholdings refer to the amounts subtracted from an employee's paycheck. There are several types of payroll deductions, such as federal and state income taxes, social security taxes, and retirement contributions. Deductions affect take-home pay, so it is important to understand them.

The Importance of Reviewing Your Finances Regularly

Are you a regular reviewer of your personal finances? Scheduling regular check-ins at regular intervals so you can better understand where you are and what needs to be done to get where you want to be. Being proactive and taking action will help you maximize your budget.

Understanding the Role of Tax Deductions

Tax deductions are an important part of the tax system, allowing taxpayers to subtract certain expenses or contributions from their taxable income.  It is important to understand the role of tax deductions in order to take advantage of them and ensure that they are paying the correct amount of taxes.

A Financial Checklist for Single-Parent Finances

One in four children under 18 in the US live in single-parent households, emphasizing the importance of discussing single-parent finances. Single parents' budgets may be tighter than couples, and financial decisions can become more complex if divorced from the child's other parent, but a financial checklist can help create a solid foundation for the future.

How to Plan Your Finances for 2023

The beginning of a new year is a good time to think about personal finance and where you want to be in 12 months. With recent financial changes, it's important to implement personal financial planning strategies for a better 2023, and there are seven strategies to consider.

Considering Personal Finance for Women

Although money is gender-neutral, women face distinctive financial challenges and opportunities. With more women being single for longer, becoming breadwinners, and playing a vital role in financial decision-making, it is crucial for women to understand personal finance, be proactive in earning, and save for their children's education and retirement.

Guide to Personal Finance in Your 20s

Your 20s is a period of adventure and decision-making, which can include starting college, new jobs, and big life decisions. It is a good time to develop good financial habits by setting up a budget or saving for retirement to prepare for the future.

8 Considerations For Year-End Tax Planning

Frequent changes in tax laws and personal finances require annual planning, particularly at the end of each year, to prepare for year-end tax planning and identify potential tax breaks for the following year. Although tax laws change annually, many year-end tax planning tips remain the same, and a checklist and eight strategies can help individuals ensure they are in good financial shape.

5 Financial New Year's Resolutions and Ways to Check Your Progress

To check in on your financial resolutions, reassess your goals and track your progress. Utilize technology, create a reward system, and hold yourself accountable to increase your chances of achieving your financial objectives.

Save, Invest, Grow Your Wealth!

Save, Invest, Grow Your Wealth!

Take control of your financial future by budgeting, saving, and investing wisely.

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Information provided is general and educational in nature, and all products or services discussed may not be provided by Western & Southern Financial Group or its member companies (“the Company”). The information is not intended to be, and should not be construed as, legal or tax advice. The Company does not provide legal or tax advice. Laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of this information. Federal and state laws and regulations are complex and are subject to change. The Company makes no warranties with regard to the information or results obtained by its use. The Company disclaims any liability arising out of your use of, or reliance on, the information. Consult an attorney or tax advisor regarding your specific legal or tax situation.