Set Up Budgets

    How do I Set Up a Family Household Budget?

    How do I Set Up a Family Household Budget?

    Setting up a family household budget can help you control where your money goes. Budgets don't have to be a drag on your lifestyle, and when used properly, they can actually ...

    How do I Set up a Monthly Budget Plan?

    How do I Set up a Monthly Budget Plan?

    Setting up your monthly budget can be an exercise in futility unless you get in the appropriate mindset. Rather than considering budgeting a punitive measure, you need to create a ...

    How Do I Set up a Monthly Household Budget?

    How Do I Set up a Monthly Household Budget?

    Keeping track of your expenses is a good way stay within a budget and to make sure you have money left over each month to spend on the fun stuff. To stay on budget, constantly ...

    Setting Up a Budget Plan

    Setting Up a Budget Plan

    Setting up a budget plan for your home is an important task when it comes to staying out of debt, getting out of debt, saving and not overspending. If you already had a budget set ...

    More Set Up Budgets Picks

    Setting Up a Budget Spreadsheet

    You want to keep track of your monthly spending, savings, and earnings, but don't feel terribly inclined to invest in budgeting software or use a web-based, free program. One of ...

    Setting Up a Home Budget

    Setting up a home budget is the process of determining where and how you want or need your money to go each month. Budgets can be designed to work weekly, but most ongoing bills ...

    How to Set Up a Monthly Budget

    As you start your new married life, you'll need to create a budget to guide your spending. Now that you're a duo, you should focus on being a bit more accountable for ...

    How to Set Up a Personal Home Budget Plan

    If you want to keep more money in your pocket and meet your financial obligations regularly, you should create some type of a personal home budget plan. A budget plan helps you ...

    How Do I Set Up a Family Budget?

    Setting up a family budget is something all families should consider. Sticking to a budget allows you to plan for the future with assurance funds will be there when you need them, ...

    How to Set Up a One-Income Family Budget

    Nearly 80 percent of married couples rely on two incomes, according to the New York-based Families and Work Institute in 2010. So whether you're raising a one-income family by ...

    How to Budget Without Fighting

    Almost any financial planner will tell you how important it is for couples to lay out and follow a household budget. What they don't tell is you how to actually plan one together ...

    What Does It Mean When a Loan Matures?

    Maturity is generally considered a good thing. It improves wine and cheese, and a tomato fully matured on the vine is one of life's great pleasures. Maturity is also something to ...

    Can I Manage My Own SEP Plan?

    If you've decided to fight the man and start your own business, you don't have to forgo the generous contribution limits of an employer-sponsored retirement plan used to reduce ...

    How to Set Up an Escrow Account for the Construction of a New Home

    If your American dream involves building your own home, the process will be a little different from simply buying an existing home. Setting up an escrow account will be one of the ...

    Frugal Secrets

    Tight wad, penny pincher, cheapskate and money grubber all refer to a person who gets the most from their money. While you might never consider going to the extremes of reusing ...

    Family Trusts & Taxes

    A family trust is a legal entity created to hold assets of a family, such as a business or an estate. Those with an interest in the asset, called settlers, designate a trustee to ...

    How to Get Help With Household Bookkeeping

    When you're young and single, keeping track of your money is pretty simple. If you have enough left for gas and lattes until payday, it's all good. Once you start setting up a ...

    How to Use Forex Bounce Strategy

    Forex ("FOReign EXchange") traders speculate on the rise and fall of currency pairs: two major currencies, such as the U.S. dollar and euro, that rise and fall with the ...

    How to Set Up a Retirement Fund

    Many people look forward to retirement as a reward for decades of hard work. It’s also gives you time -- finally -- to do the things you really want to do. But without a ...

    How Can I Refi My Jumbo Loan?

    A jumbo loan is a mortgage loan that is larger than the conventional mortgage loan, and this amount varies county to county. In most counties, a loan is considered a jumbo loan if ...

    How to Set Up a Trust for a House Mortgage

    A trust is a way to leave a house and other assets to your heirs without the lengthy and expensive probate process of settling an estate. Trusts are set up under state laws, so ...

    Does Commission Show Up on W-2s?

    Whether you earn straight commission on your job or are paid a salary plus commission, the tax form your commission payments appear on is not determined by the type of earnings ...

    Can You Renovate a Bathroom for $3,000?

    Depending on your definition of “renovate,” you can easily upgrade a bathroom for $3,000. Your improvements will largely be cosmetic and include changes to tile, ...

    Reverse Budgeting

    Budgeting requires making specific financial choices. A budget is a financial game plan that you make with your spouse to maximize your mutual financial resources. Your budget ...

    How to Sell My Home to an Investor

    Real estate investors typically look for good deals that can make them money. This might work in your favor, depending on your situation. Whether you already have an offer to ...

    Are Escrow Disclosures Required When Escrow Is Set Up After Closing?

    When you obtain a mortgage, your lender may require you to open an escrow account. Escrow accounts hold money that your lender uses to make your property tax and home insurance ...

    What Are Aggregate Loans?

    Most college graduates have to deal with the reality of paying back their student loans. The good part about student loan programs is that they provide people who might not be ...

    How to Handle Cash Shortages

    When you experience a cash shortage, you find yourself limited in many respects. You quickly learn the difference between essentials and luxuries. While a cash shortage may not ...

    Requirements for Escrow Refunds

    Escrow is a simple idea that gets complicated in the execution. You put money into an escrow account each month to save it to pay real estate tax and home insurance bills when ...

    Things to Put Into a Trust Account

    Creating a trust as part of your estate planning has several benefits. For one thing, assets in a trust account might not have to go through the probate process. For another, a ...

    How to Set Up a Brokerage Account

    When you are ready to move from just stashing money into a savings account or certificates of deposit to actively investing in stocks, bonds and other securities, you’ll ...

    How to Handle Recurring Payments

    When you’ve got bills that hit each month, always on the same date and always the same amount, these are recurring payments. These predictable payments can make it easy to ...

    If a Foreclosed Property Has Been Sitting Empty for a While, Will the Bank Take Less for It?

    A foreclosed property may sit for months, or even over a year, if the lender can't find a buyer. While many considerations factor into a foreclosed property's sale price, the ...

    Can a Foreclosed House Be Bought Back After Being Sold?

    Even after your lender forecloses and sells your house, it may not be lost forever. Some states, such as Arizona, Connecticut and Iowa, give you a "right of redemption" ...

    Financial Planning Questions for the First Client Meeting

    Many young investors don't know what to expect when booking that first meeting with a new financial planner. The first thing you should know is that a good financial planner ...

    How Do I Look Up How Much I Owe to the Department of Revenue?

    Many states now allow individuals to access personal account information online. These programs typically include a review of accrued balances and offer payment options. Your ...

    How to Put in an Invitation That You Want Cash

    Asking for cash instead of traditional gifts in an invitation is tricky. Even though cash is what you truly want, your invitees may be annoyed if you pose your wishes as a blunt ...

    Are Distributions From Trusts Taxable?

    Trusts are legal entities that contain assets designed to benefit a set group of people or institutions. Some assets are distributed to the trust's beneficiaries on an occasional ...

    How to Get A-1 Credit

    Credit agencies such as Standard & Poor's, Moody's and Fitch use ratings to indicate the financial health of the companies they analyze. An "A-1" rating is an ...

    The Average Cost of Table Settings at a Wedding

    Creating the perfect place setting for your wedding typically entails a delicate balance of getting the style right and finding the right price. Knowing the average cost of ...

    Cheap 21st-Birthday Activities

    Celebrating a 21st birthday is a milestone birthday in anyone's life and also the legal age to consume alcoholic beverages, but this doesn't mean the night has to be spent ...

    The Pros and Cons of a Family Limited Partnership

    A family limited partnership (FLP) offers a way for multiple generations of people within families with significant wealth to save money on income, gift and estate taxes. It has ...

    Real Estate Asking Price Vs. Offer Price

    A real estate asking price is the list price that a seller sets when putting his home up for sale. The offer price is what the buyer indicates he is willing to pay when submitting ...

    Understanding Lockbox Itemization

    Lockboxes make business easier for companies and organizations that receive lots of payments in the mail. The organization delegates a third party, usually a bank, to take over ...

    How to Make Financial Budgeting Fun

    It's your money and you can spend it any way you like, but if you want have a good time and still make your monthly rent payment, you need a budget. Whether you are on your own or ...

    Pros & Cons of Borrowing Against Your 401(k)

    Sometimes in life you really need some extra cash. If don't have an emergency fund, borrowing against your 401(k) plan is one option to get the money you need. Payments are ...

    How to Set Up Pre-Tax IRA Deposits

    A traditional individual retirement account, or IRA, lets you make tax-deductible contributions. This means you can deduct the amount you contribute each year from your income ...

    How to Set Up a Simple Trust

    Trusts are typically set up to provide for the transfer of assets to a beneficiary after a person dies. A trust can also be used to provide for your needs and the management of ...

    What Is a Pell Grant Intended to Be Used to Pay?

    The Pell grant is a federally funded program designed to help students pay for college. Students must apply by filling out the Free Application for Federal Student Aid, or FAFSA, ...

    Responsibilities of the Homeowners Association President

    As of 2011, more than 62 million Americans live in communities that are overseen by homeowners associations. These associations collect fees from homeowners and enforce ...

    The Types of Trust Funds for a Minor

    Many parents are concerned about how they will pay for their children’s college expenses. With an eye to the future, parents can set up trust funds for their children, or ...

    What Is a Derivative Contract?

    For couples looking to expand their investment portfolio, derivatives are a way to hedge your bets on a specific type of asset’s future. As a contract between two or more ...

    How to Have a Garage Count as Living Space for an Appraisal

    A home appraisal must follow certain rules in terms of what does and doesn't count as living space. Normally, a garage would not be considered living space, but what if a ...

    How to Transfer Money Via ACH or EFT

    Mysterious financial acronyms like ACH or EFT can seem inscrutable until you realize many of us are already well acquainted with them. EFT stands for electronic funds transfer, ...

    Penalties for Not Having Health Insurance in Massachusetts

    In 2006, the Massachusetts legislature passed the Health Care Reform Act, requiring almost all of its citizens to obtain minimum levels of health insurance or face penalties. The ...

    Wealth Planning Strategies

    It's can be a difficult choice: spend the money now or save it for later. That designer pair of shoes has your name on it, and hubby wants the latest-and-greatest, cutting-edge, ...

    What Is the Purpose of Setting Up Trusts?

    Trusts aren't just for millionaires and movie stars. They are used by people of all ages and lifestyles. A trust is managed by a trustee for named beneficiaries. You can be the ...

    The Pros & Cons of Setting Up Escrow Accounts

    Escrow accounts allow homeowners to pay taxes and insurance in smaller amounts each month instead of facing a massive bill once or twice a year. Setting up an escrow account also ...

    FHA Condominium Certification

    Amid a wave of recession-related foreclosures on condominiums, the Federal Housing Administration adopted regulations to slash those taxpayer-funded losses. The FHA stipulated ...

    Does Unemployment Show Up on Background Checks for Employment?

    Employers use criminal background checks, personal and professional references and credit report checks to determine whether or not to hire an applicant. These sources give ...

    Does a Lawyer Have to Set Up a Trust Account for a Minor Beneficiary?

    Because a minor cannot legally control his property, including his own money, parents or relatives can establish a trust account that holds funds for the minor's benefit. While ...

    How to Set Up a Family Trust Fund

    Trust funds act as an independent entity that holds your assets, including property, cash, stocks and bonds. When you die, the designated trustee allocates the assets to your ...

    Advantages of an Irrevocable Trust

    If you transfer title to your house or other assets to a revocable living trust, you can always change your mind and take them back. With an irrevocable trust, you're stuck: It's ...

    What Happens When a Trust No Longer Has Assets?

    Putting your assets into a living trust doesn't mean they'll stay there forever. If you want the trust to distribute your possessions after you die, emptying out the assets is ...

    Large Sum of Money vs. Payments

    If you win the lottery, are the beneficiary of a trust or settle a large lawsuit or insurance claim, you may be faced with the choice to take your reward as a single large sum of ...

    How Do I Change a Trust That I Have Already Set Up?

    Setting up a trust, whether to benefit loved ones or a charity, is a way to not only provide for the beneficiaries but to keep your assets out of probate when you pass away. It ...

    Things to Purchase Before Moving Into a New Home

    Moving into a new home is a whirlwind of activity. Searching, inspecting, signing papers, packing boxes and remembering where everything is boggles the mind and keeps you ...

    What Percentage of a Wedding Budget Goes to the Venue?

    The average cost of a wedding in 2011 in the United States was a whopping $26,501, according to a study by "Brides" magazine. The cost of the reception venue makes up ...

    How to Budget When Married

    One of the main things that married couples fight about is money and how to handle the household finances. Creating a budget together can help both of you discuss financial goals ...

    How to Keep Track of Income Tax Items

    Organized records help ensure your taxes are accurate and you receive the maximum deductions owed when preparing your annual taxes. Make a checklist each year and list all the ...

    Definition of PPO Health Insurance

    If you are a part of an employer group's health plan, it is likely a preferred provider organization, or PPO. As of 2012, 69 percent of people covered by health insurance in the ...

    How to Add to a 401(k)

    A 401(k) is a retirement plan that may be offered by your employer. A 401(k) carries many benefits, including the tax deferral of contributions and earnings. Since many employers ...

    How to Find an Affordable Dentist When You Have No Insurance

    Smiles aren't cheap -- people find that out quickly when they don't have dental insurance. According to a 2011 survey funded by Brighter.com, 50 percent of Americans are without ...

    How to Set Up a Trust Fund for Your Child

    Infants, toddlers and even teenagers can have trouble managing money. If you worry that dying early would leave your child too rich for his own good, a trust fund is one way to ...

    What Is a Back Up Real Estate Contract?

    Every home seller's dream -- and every homebuyer’s nightmare -- is for the home to have multiple offers. Although only one buyer can purchase the house, the seller can use ...

    How to Make a Family Trust

    If you or a family member has assets that you want to keep in the family and you’d like to avoid death taxes and claims against the estate, a family trust can be the ideal ...

    How to Set up a Discretionary Trust Deed

    Discretionary trusts give trustees, or those in charge of administering the trust, the power to decide how much of the trust's income and principal they pay to beneficiaries. ...

    Credit Union vs. Bank

    Unless you plan to stash your money under the mattress or in a piggy bank, a credit union or bank is the viable option. You'll find both have checking accounts, savings accounts, ...

    The Disadvantages of a Living Trust

    A living trust is a legal document drawn up to detail how the grantor's assets are to be distributed after death. In contrast to a will where the court seizes control of the ...

    Parent's Tax Debt at Death

    The death of a parent is a tough time for anyone, but the IRS isn't required to express sympathy for bereaved families who are also dealing with tax issues. A tax liability ...

    How to Set Up an Escrow Account for Property Tax & Insurance

    An escrow account holds your prepayment of property taxes and insurance premiums until the date they are due. Most banks require homebuyers to set up an escrow account when they ...

    How Do I Set Up an Irrevocable Trust?

    One of the benefits of creating an irrevocable trust is asset protection. You may designate one or more beneficiaries to receive the assets of the trust other than yourself. By ...

    Does My Wife Have to Be With Me to Close Our Joint Account?

    A joint bank account is a big commitment, even for a married couple. A joint account gives both spouses equal access to the money. Without proper communication and planning, ...

    Do You Need to Have a 403B Plan to Open a Roth 403B Plan?

    The 403(b) is a retirement plan for workers at nonprofit organizations like hospitals and schools. These plans offer a number of tax benefits to help workers save for retirement. ...

    How to Set Up a Watch List for Stocks

    When you think you know what stocks you want, you may be anxious to purchase immediately. But even if you’ve done research, it may not be time to buy yet. An online watch ...

    How to Set Up End-of-Day Stock Price Alerts

    If you have invested in and own stock investments for the long term, there is no need to stay glued to your online brokerage account to watch your stock prices throughout the day. ...

    Actual vs. Target Price in Stocks

    When you invest in stocks, it’s always smart to do some research. One of the things you’ll run across in that research is something called the “target ...

    How to Get Health Insurance Without a Job

    Bad things can happen at the worst of times, like major medical expenses when you have no job or employer-sponsored health insurance to help with the cost. To protect yourself and ...

    How the Authorized Shares Are Determined

    When a corporation is born, it comes into the world accompanied by paperwork. When the corporate founders file articles of incorporation with their state government, the articles ...

    Can You Deduct 401(k) Contributions From Your Adjusted Gross Income?

    Using a 401(k) plan allows you to squirrel away money for retirement without having to pay taxes on it. Your money grow tax-free until you take it out of the account. ...

    How to Set Up a Gold IRA

    Instead of keeping stocks, bonds or other investments that are ultimately tied to paper currency in your individual retirement arrangement, you can put gold in it. The process, ...

    Can a Charitable Remainder Trust Be Set Up by a Will?

    One of the greatest advantages of estate planning is that they allow you to do almost anything you like with your property. There are enough tools for passing your property on ...

    Living Trust Funds & How They Work

    The term "trust fund" brings to mind babies born with silver spoons in their mouths, but they aren't just for the wealthy. You might be the beneficiary of a trust, or ...

    How to Rent an Apartment for Beginners

    Getting your first “couples” apartment is a huge step toward independence and young adult living. Gone are the days of roommate-shared bathrooms, food stolen from your ...

    How to Sell Call Options and How to Report Them

    Options are versatile. You can use them as a source of income, as speculative bets on prices and as a way to hedge other investments. Calls buyers have the right to buy a set ...

    What Is Phantom Equity?

    Phantom equity, commonly known as phantom stock, is a form of compensation through which a company promises that on a specified date it will make a cash payment based on the value ...

    Does an Inherited IRA Have to Be Set Up by End of Year Following the Year of Death?

    As the heir of an IRA, you face the choice of taking some or all of the money out and paying taxes, or leaving the money in an inherited IRA to grow as long as possible without ...

    What Is a Vested Account Balance?

    When your employer kicks in money to your 401(k) or other retirement plan at work, it's like getting free cash. But those contributions may not be fully vested at the time your ...

    How to Set Up an Investment Account for My Niece Who Is a Minor

    With few exceptions, such as United States savings bonds, minors are prohibited by law from owning securities in their own names, but you can still help young people save and ...

    How to Make Your Own Compost Tumbler

    Compost is a gardener's treasure, but producing a batch takes time. If you want to create compost more quickly, build a barrel-style tumbler. But, beware hyperbole that says a ...

    Green Laundry Cleaning

    In your battle against tough stains, there may be some unintended victims. Conventional laundry methods are relatively unfriendly to the environment, and may have adverse effects ...

    How Do I Reuse Hardwood Flooring?

    According to the U.S. Environmental Protection Agency, over 6 million tons of wood waste was created in 2003, accounting for the largest portion of the residential waste stream ...

    How to Recycle Housing Materials

    Recycling isn't limited to bottles and cans. In fact, as 2003, roughly 40 percent of construction and demolition materials were recycled in the United States, a number that could ...

    Recycling Kitchen Trash

    Preparing the average meal generates waste in many forms. Whether it's steel cans from soup or beans, glass jars from sauces, paper packaging from pasta or rice, and even ...

    Homemade Compost Bins Made Out of Trashcans

    Composting utilizes the natural breakdown process of organic materials into soil to produce a soil amendment rich in organic matter (see References 4). As a natural process, ...

    How Can Gray Water Be Conserved for Watering Ornamental Plants?

    On average, 30 percent of a household's total water consumption is used on landscaping, but this number can soar to 70 percent depending on regional and seasonal demands (See ...

    How Family Trusts Work

    A family trust keeps everything in order for distribution to family members and beneficiaries upon your death or if you become incapacitated. Family trusts, also known as living ...

    Trust Funds Explained

    If you have a family, you want to make sure they'll be taken care of should something happen to you. A will lets you dictate how your assets will be handled after your death, but ...

    Difference Between Private Pension & Keogh Plans

    Where you work can have a big impact on how you're able to save for retirement. If you work for a large company, you might be able to participate in an employer-sponsored private ...

    What Is the Difference Between a Land Trust Vs. a Family Trust?

    Available in certain states, a land trust shares many similarities with family trusts. Both are technically revocable living trusts, meaning that you set them up before you die ...

    Is a Family Trust Better Than a Living Trust?

    Family trusts and living trusts are like squares and rectangles. A living trust is a trust that you set up while you're still alive. It can be set up for any number of ...

    Who Should I Use as My Next of Kin if I'm Married?

    Your next of kin is the person who receives your assets if you die and who may be able to make medical decisions if you are unable to do so. The law sets a specific order of ...

    Can You Use Your 401(k) Funds for Purchasing a Second Home Without Tax Penalties?

    In a traditional 401(k) retirement savings account, the IRS does not levy income tax on the contributions, but taxes withdrawals; in a Roth, the contributions are taxable, while ...

    Does a Husband Have to Have His Wife's Signature When Setting Up an IRA?

    An individual retirement account is all about you. Unless your wife is acting as your legal guardian because you are mentally incompetent, you don’t generally need her ...

    U.S. Bank Transfer Limits

    Banks and federal regulators are vigilant in the fight against money laundering. For this reason, the United States has laws to prevent individuals or businesses from making ...

    What Are the Benefits of Setting Up a Trust Agreement?

    The trust agreement is the most important part of setting up a trust because it contains instructions you, as the creator of the trust, want carried out. This legal document ...

    Rights of the Beneficiary of a Family Trust

    A family trust is a special type of revocable living trust in which all of the beneficiaries of the trust are family members. While beneficiaries typically enjoy significant ...

    Commonly Asked Questions for a 401(k) Fund

    The details of 401(k) plans can be confusing when you’re just starting to plot an eventual escape from the working world. You can go over the plan documents, question ...

    What Is an Electronic Filing System?

    Between emails, photos and documents, the amount of electronic media used today makes it possible to save and access almost everything electronically. It also means that many ...

    The Process for Withdrawing Funds From a Family Trust

    Your ability to withdraw funds from a family trust depends on the trust agreement and provisions. The creator of a family trust, also known as a revocable living trust, usually ...

    Should I Put My Personal Account Into My Family Trust?

    You can put just about anything in a family trust, including the kitchen sink, which is part of your home. Family trusts, also called revocable or living trusts, hold the property ...

    How Is Community Property Divided at Spouse's Death in Living Trust?

    In a community property state, spouses share and share alike. Half of what you make during the marriage belongs to your spouse, and half of what she makes belongs to you. There ...

    Joint Checking Account Rules for Secondary Signers

    If you are considering becoming a secondary signer on a joint account, you will need to follow certain rules. Typically, banks have general guidelines for authorized secondary ...

    How to Set Up an Escrow Account for a Security Deposit

    When you own a rental property, there are a number of legal requirements by which you must abide. Depending on your state, you will need to comply with laws and guidelines ...

    Can My Husband Set Up Direct Deposit With His Job Into My Bank Account?

    Typically, an employee sets up payroll direct deposit funds to go into his own checking or savings account. Married employees commonly have a joint account with a spouse where ...

    What Does a Draft Withdrawal Mean on a Bank Statement?

    Your monthly bank statement not only indicates the amounts of payments you have made, it also notes the form of payment. If you see "draft withdrawal" or a related term, ...

    Does a Living Trust Bypass Probate?

    Probate is the process by which your assets are handed out after you die. A will doesn't help you avoid probate, but it gives the probate process some guidance. While probate can ...

    How Soon After You're in Collections With the IRS Will They Garnish Your Wages?

    If you go into the Internal Revenue Service collections process for delinquent taxes, you will be notified and offered payment arrangements before the agency garnishes your wages. ...

    Homestead Rights & Living Trust

    Homestead rights protect debtors from the claims of unsecured creditors -- to a point. Forty-six states and the federal government specify a minimum value that debtors can keep. ...

    Can a Special-Needs Trust Be Set Up by a Non-Family Member?

    A special-needs trust is designed to allow a party to place assets in a trust to help care for a person with a disability. While a special-needs trust is typically set up by a ...

    Living Trust & Medicare

    Retirement might be a long way off, but the sooner you start planning for it, the better off you could be when you get there. One of the biggest expenses you could face in your ...

    Can a Trustee of a Living Trust Also Be a Beneficiary?

    A living trust is an estate-planning device that is more complex than simply making a will. Unlike a will, which is only effective upon your death, your living trust is effective ...

    Do 401(k) Withdrawals Affect Unemployment Benefits in Massachusetts?

    If you've lost your job in Massachusetts, the state provides an important safety net through its unemployment insurance program. You must qualify for the program by meeting ...

    Revocable Trust & Divorce

    No matter how carefully you plan your finances, divorce can turn them topsy-turvy. A living trust can help keep you on an even keel. By placing assets in a revocable living trust, ...