September 15, 2015
If you did any road trips over the summer—or you commute to work—you’ve likely noticed that filling up your vehicle doesn’t necessarily empty your wallet anymore. Thanks to lower gas prices, the average American is on track to save approximately $750 on gas this year.
While it’s not life-changing, $750 can make a difference to your personal finances if you use it wisely. Here are some smart ideas for taking the money you save on gas for the remainder of this year (or as long as gas prices continue to stay low) and revving-up your financial situation.
It’s unlikely that gas prices will remain low forever, so instead of frittering away the money you’re saving on fuel now, make a conscious effort to use it to accelerate your personal financial goals with one of the tips above.
It’s graduation season, and for many parents that means it’s almost time to start shelling out for college tuition. For those well-prepared parents with established 529 plans in place, the time has come to tap into that money pool. Of course, when it comes to tax-advantaged savings, trust that the IRS is keeping close watch, so it’s important to avoid making any rookie mistakes. It’s also important to keep saving as you move forward.
Having a remote workforce can be challenging, especially if you are trying to build a positive, collaborative work environment. So, how do you create a sense of comradery when you have staff in remote locations? These tips can help:
If you are expecting a refund this year, you may be tempted to splurge on something not-so-practical. Before you do, take some time to think about ways to use your refund to bolster your financial health. We’ve put together a few ideas for you to consider: