All in Financial Education

The End of An Era: Goodbye Marriage Penalty

50 years. That’s how long it took to get rid of the “marriage penalty” in our federal tax system. What’s even worst is that some people never even knew it existed. The marriage penalty arose if two married individuals, both earning income, paid more in taxes if they file with under “married filing jointly” than if they filed taxes separately under the “single” tax status. How is this possible? It’s because the income tax brackets from single status did not rise in proportion to the marriage filing jointly tax bracket.

How to Use Venmo Securely

Venmo me tomorrow.

Based on certain sources, I am considered a millennial, although I'm at the end of the older spectrum. My sister on the other hand is at the opposite side of the spectrum so it's interesting to see her take on certain things: Venmo is one of them. I actually use Venmo and find value in it, but perhaps not to the extent that the younger generation does so I asked her to provide some best practices for using Venmo. Here are some tips on how to use Venmo safely and securely.

If you are not familiar, Venmo is a mobile payment service owned by Paypal. It allows a quick and easy way to transfer money via a mobile app or desktop.

Take a Personal Finance Class at Home: Watch David Bach and Become an Automatic Millionaire

Money helps you Be.

Money helps you Do.

Money helps you Have.

Alright, so I just finished binge watching David Bach's class Start Late, Finish Rich on CreativeLive. I believe this class if for everyone. That's a lot to say. I have been a David Bach fan since I've read his books, The Automatic Millionaire and Go Green, Live Rich, seeing him talk and visually explain all of the concepts from his books is amazing. This is a class I would recommend binge watching with your partner. Instead of watching the next Netflix show, watch this instead. Sit down, takes notes and take action.