Nothing is as certain as death and taxes. While no one has control over the former, there are ways to impact the latter. Read on for several areas where careful planning can lower your tax liability, either now or in the future. Retirement Account Contributions Contributions to a tax-deferred retirement account, like a traditional 401(k), […]
As the New Year approaches, it’s a time for new beginnings and setting goals. For many, financial well-being is at the top of their resolutions list. Whether you’re looking to save more, reduce debt, or just get your finances in order, Deseret First Credit Union is here to help. Here are four effective ways to […]
The sooner you teach your children the basics about budgeting, the better, and the 3 jar money system is a great way to get started. Kids and Money To learn how to manage money in the 3 jar system, kids need some money to manage. How they get that money can vary. Some children earn […]
Whether you’re teaching finances to your kids, your grandkids, or those of a loved one, it’s absolutely essential to teach children how to manage the money they have and invest for the future. Spending An understanding of spending, including the ability to budget for and track it, is perhaps the most essential money skill you […]
Life insurance isn’t something people like to talk about. After all, planning the financial impact of your death isn’t an easy thing to do—but it’s essential. Insurance Basics When you purchase a life insurance policy, you’re agreeing to pay a regular premium, or fee, often on a monthly or quarterly basis. In return, the insurance […]
A renter’s insurance policy can help protect your personal property and yourself from liability for accidents that happen in your living space. Things Do Go Wrong Why do you need insurance if you rent? A landlord’s insurance policy covers the building. If a leaky roof floods your living room, you won’t have to pay for […]
