GUEST BLOGGER: KATHY RIGGS, USU EXTENSION PROFESSOR
When was the last time you evaluated your finances? Are you making ends meet? Are you able to make your housing and utility payments each month and on time? Are you adding to a savings account regularly?
Hopefully you are able to answer “yes” to each of those questions. However, many of us are able to pay off regular debts yet struggle to save for that “rainy day” or even retirement. Here are three suggestions for giving your savings account a bit of a push from America Saves.
GUEST BLOGGER: KATHY RIGGS
Tax Freedom Day is the first day of each year that Americans work for themselves—meaning, up unto that point, every dollar earned up to that date pays for federal, state, and municipal government taxes. According to the US Tax Foundation, the date for 2019 is April 16th. This is 105 days into the year or about 30% of the year.
If learning that 30% of your year working to pay government authorized taxes isn’t enough of a jolt, when compared to how much the average American spends on Housing, Clothing, and Food combined, we spend more on taxes each year than on these vital items.
(US Tax Foundation)
Here's another way to visualize it:
Blog editor and Accredited Financial Counselor sharing real-life money smarts that can help you stay on track with financial goals while still enjoying life!
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