DKSCPA, Author at DeSantis, Kiefer, Shall & Sarcone, LLP

Tips on Teaching Your Children to Manage Money

Posted by DKSCPA | Sep 30, 2022 | Money Management, Planning, Saving |

September has come at last, which means kids are back in school and routines are back in place. However, learning doesn’t stop when your kids get home. The time you spend with your children can be valuable teaching moments for life skills like managing money. The more you share with your children about the value of money and how to use it, the more financially responsible they will be when they get older. There are many age-appropriate ways to instill the value of money management to your children, and we’ll share some of our favorites here! Read on for...

How to Understand Your Mortgage Payments

Posted by DKSCPA | Aug 30, 2022 | Real Estate |

Have you bought a home recently? Congratulations! Buying a home is a huge milestone–both as a life event and as a sign of financial stability. Likely, if you’ve bought a home, you’ve also taken out a mortgage with the bank. Your mortgage is the kind of loan you used to borrow money to purchase your home. For the next several years–usually 30 years, but sometimes shorter, you will be paying back your mortgage in installments. However, your mortgage payments don’t just involve the exact amount you borrowed from the bank. Wrapped up in your monthly payments will be interest...

Are We In a Recession? And Other Important Questions

Posted by DKSCPA | Jul 30, 2022 | Economy, Planning, Unemployment |

With prices going up in basically every industry, store shelves looking emptier than usual, and interest rates rising, you might be wondering – are we in a recession? Or are we about to enter one? The question is a complicated one, because there are many variables at play, including the natural ebb and flow of the economy. Recessions are natural and normal, and not necessarily something to be feared. Rather, finances need to be managed–as they always do–perhaps more carefully. So, let’s examine whether we are or are not in a recession–and what to do about it. What Is...

Surviving Inflation: How to Afford Life When Everything is Expensive

Posted by DKSCPA | Jun 30, 2022 | Planning, Saving |

Inflation has been a hot topic these days. From staff shortages to products and supplies on major backorder, it’s been difficult for companies to keep up with consumer demand, causing prices to rise. Surviving inflation may seem insurmountable. If you feel like you can no longer afford life’s simple pleasures the way you used to, you’re not alone. We have put together this list of strategies in order to help you make smart financial decisions during this difficult and expensive time. Tips on Surviving Inflation 1. Stay Out of Debt Now is the time to cut back, but you...

Top 5 Tips To Save Money This Summer

Posted by DKSCPA | May 30, 2022 | Planning, Saving |

Summer is almost here, and you may find yourself dreaming of taking a vacation or going on several day trips and summertime adventures. While summer can be a relaxing time in many areas, including finances (after all, tax season is over and you won’t have to worry about it again for several more months), it’s also a great time to take stock of your financial health and think about how you can both have fun and save money this summer. 1. Take Advantage of Free Activities Over the summer, many towns and cities, such as NYC, offer free entertainment...

Author: DKSCPA

Tips on Teaching Your Children to Manage Money

How to Understand Your Mortgage Payments

Are We In a Recession? And Other Important Questions

Surviving Inflation: How to Afford Life When Everything is Expensive

Top 5 Tips To Save Money This Summer