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Why TurboTax Is Best for First-Time Filers
Feb 12

Why TurboTax Is Best for First-Time Filers

Tax software programs are designed to make filing your taxes on your own less complicated. MyBankTracker looks at the benefits of using TurboTax if you’re preparing a return for the first time. You can use TurboTax’s online version or mobile version. They’ve discontinued their tablet app, but it doesn’t matter since the mobile app lets you

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Buy a House Now or You’ll be Kicking Yourself Later
Feb 10

Buy a House Now or You’ll be Kicking Yourself Later

You’ve spent years building up your savings, but don’t own a home yet? If you aren’t in the market to buy a home now, you should reconsider. Here are reasons why you’re missing out if you don’t get in on buying a home now. Reason #1: Deals like these won’t last long. Those words are

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The 4 Biggest Expenses That Are Keeping Millennials Broke

The 4 Biggest Expenses That Are Keeping Millennials Broke

Folks who grew up in the Depression Era are labeled as “The Greatest Generation” but for millennials who are struggling to make it in a post-recession economy, the Brokest Generation might be more appropriate. Approximately 1 in 5 adults aged 18 to 34 are living at or below the poverty level, according to the Census

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How to Compare IRA Accounts vs. IRA CDs
Feb 09

How to Compare IRA Accounts vs. IRA CDs

Putting all of your retirement eggs in one basket is never a good idea, since you’re basically submitting all your assets to the whims of the market. If you’ve got all your cash tied up in one or two investments, you could see your entire savings wiped out if one of them ends up losing a

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Avoid Debt When Paying For Study Abroad
Feb 07

Avoid Debt When Paying For Study Abroad

Studying abroad can be a life changer but it’s not one that comes cheap. Depending on where you end up, the total bill can add up to anywhere from $5,000 to $30,000 which isn’t exactly small potatoes. While you can’t put a price tag on the kinds of experiences that go along with living and

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How to Invest $100 a Month Wisely
Feb 06

How to Invest $100 a Month Wisely

Investing is one of those things that a lot of people say they want to do but they never actually get around to. Fears about how volatile the market is hold some of them back while others are stuck with the mindset that it’s something you need a lot of money to do. The truth

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When to Make a Lump Sum Mortgage Payment
Feb 05

When to Make a Lump Sum Mortgage Payment

We’ve heard from a reader who’d like some investment advice — specifically, on whether he should use a recent inheritance of $30,000 to pay down his mortgage loan. This person has a 15-year mortgage with a balance of $200,000, at a 5 fixed interest rate. If you also have a lump sum of cash to

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Sneaky Tax Scams In 2015 Targeting Millennials

Sneaky Tax Scams In 2015 Targeting Millennials

Taxes are confusing for everyone, especially young professionals who don’t have much experience filing. Unfortunately, there are people out there who prey on this confusion with a number of tax scams. You really need to be careful because if you fall for a scam, criminals can take your money, steal your identity, or even get

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Will Moving Help Pay Off Student Loans?
Feb 04

Will Moving Help Pay Off Student Loans?

It’s no secret how big the $1 trillion student loan problem has gotten in the U.S. and with tuition prices continuing to spike, a slowdown in borrowing doesn’t seem likely any time soon. Clawing your way out from under those monthly student loan payments is no easy task, especially for 20-somethings who are up against

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4 Rules for Paying Off Debt With Cash Savings

4 Rules for Paying Off Debt With Cash Savings

Being in debt can put a serious strain on your finances and your state of mind, especially if you’re having trouble making a dent in what you owe. The best way to avoid the debt blues is to avoid borrowing altogether, but if your cash is limited, parting with it isn’t always the right choice.

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