Author: DKSCPA

Six Simple Ways to Financially Plan for Parenthood and Budget for a Baby

Springtime has arrived, and this season is usually associated with birth–of animals, of flowers, of a rejuvenation of spirit. Though human beings don’t tend to follow seasonal trends of giving birth, with newness on the brain, it is a great time to discuss the way your finances will change when a new addition joins your family and, in short, how to budget for a baby. When you have a baby, life doesn’t only change in terms of not sleeping and trying to find time to shower. Finances change and, therefore, so must your budgeting plan. Between one-time large purchases...

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Top Reasons Why You Should Hire a Financial Planner

When you have any amount of money, you have three main choices of what to do with it. You can save it, you can spend it, or you can invest it. You may think you have the situation under control: you spend what you need to spend and you put the rest away. Or maybe you rarely have enough left over to put away. Maybe you feel it’s important to invest and you end up putting your extra income each month toward an investment. These are all potentially valid approaches to money, but each person’s (and family’s and business’s)...

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How Do the Stimulus Checks Help the Economy?

The Covid-19 pandemic has affected many people and businesses financially, as well as other ways. Many find themselves out of work or furloughed. Many still have jobs but are dealing with long absences due to quarantines and being sick with Covid themselves. Some have had to quit their jobs in order to homeschool their children. Additionally, tourism is down and many businesses have closed, meaning the economy has definitely taken a hit this past year. With another round of stimulus checks in discussion, you may be wondering how these checks help the economy and what is the most helpful...

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How To Achieve Financial Health in the New Year [2021]

The new year is upon us, which means many people are thinking about how they can act healthier in the next 12 months, including financial health. Whether you want to spend less money in 2021 or you want to earn more or invest better, we can help you make smart decisions about how to handle your money so that you can get the most out of it. No matter what your income is, there are ways to spend and save strategically so that you can better afford your life and plan for the future. Here are a few tips...

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Is The October Effect Real or a Myth? (Or Both?)

October is a month where people like to be frightened–setting up decorations, planning pranks, and getting ready for the spookiest day of the year, Halloween. It seems like wherever you turn in October, scary is the name of the game, and the finance world is not spared. In finance, the month of October is approached with wariness due to something known as the October Effect. The October Effect is a phenomenon that purports that stock market crashes have mostly happened during this month, and therefore, it is a risky month in which to make investments. Is this actually true,...

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