Average Joe’s Money Blog
-Our resident bloggers, AverageJoe and OG, writes what informative and interesting posts at least three days a week.
Monday through Thursday - They bring financial planning news, strategies and tips.
On Fridays Joe shares his choice for the Blog Post of the Week!, where he crowns a blog writer as the winner in his soon-to-be-esteemed competition.
Unless you left with an accounting degree, filing your first tax return after college can be a little deceiving. A couple government checks in the mail this summer might feel like a consolation prize for a dues-paying job, and you deserve to be king for a day, right? Hold on a minute. We have a few ways you 20-somethings can make the best use of your tax refund. Perhaps the Most Underrated: Start Saving If you get your refund deposited directly in your bank account, it’ll just “show up” one day, like someone just dropped a...read more
Some news today for our UK readers. Will this spill over into the USA? Hopefully! A recent survey by the Federation of Small Businesses (FSB) is welcome news to the UK economy which in part is dependent upon the success of that sector. The regular quarterly survey showed that 60% of respondents expected growth in their business in the coming months, a clear sign that they believe the recession has been left behind. The result is consistent with the conclusion from the previous six surveys. While the South East was inevitably the most...read more
The Sarbanes-Oxley Act of 2002 was passed to stop corporate malfeasance and accounting scandals at Enron, Tyco and other large companies that cost investors billions and many Americans their pensions. In 2014, a study by the University of Kansas School of Business found that only 728 financial restatements were filed with the Securities and Exchange Commission (SEC) in 2012. That’s down from 1,784 restatements filed in 2006. The study also found the highest proportion of egregious errors were filed by small and medium-sized companies as...read more
Here’s the million dollar question: where do you put your money to make it grow toward riches? Gurus who want to keep you in the dark use labels for investing like “hard” and “difficult”….and it can be. However, on the most basic level, it also can be the easiest thing in the world. You just need to start. But why don’t people start? Most people I worked with were worried they be wasting their money on horrible investments. They were frozen and couldn’t choose the right path. I can see their...read more
Humans by nature have a competitive drive that compels them to succeed. Great athletes are committed to their training because they want to be the best, and anything less than a championship isn’t enough. If you’re not an athlete, this urge to prove yourself often manifests itself in the car you drive or the house you live in. But to properly manage your money, you need the dedication of a pro athlete to train your mind and create winning habits. But if you’re the financial equivalent of a couch potato, you can’t expect to become an IRONMAN...read more
What if there were a way to put less time into your business but earn more money? Entrepreneurs tend to believe everything can be solved by spending more time and money on the job. But if simply investing more time and money would put you on the road to success, you would already be there, wouldn’t you? Entrepreneurs always have the drive. What they sometimes lack, though, is the right tools. Efficiency experts know we often exert too much effort to accomplish a task. Organization is central to the flow of information and...read more
Whether you’re looking to change careers, enhance your skills, or simply follow a passion, there are a number of options to choose from in terms of online courses.The accountancy field is growing in popularity in today’s job market and is ideal if you like or prefer to work with numbers, although the coursework is demanding. There are many online accounting degrees offered by respected and reputable programs, but one of the biggest challenges you will face is finding a program suitable for you. Below are four things you should...read more
Let’s turn our attention to business owners before the weekend! Looking for ways to make your business surge? When I was an advisor, small business owners would ask me to help them attack their problems. Often I’d find people lacking in these three areas. Clean Up Your Dashboard Not only can you run your business from one single platform….you’ll save time and avoid aggravation. Here’s the analogy: you’re headed on a road trip. Do you have five dashboards or just one? Whether you’re a business person...read more
According to the Economic Policy Institute, the average family budget for a two-parent and two-child family runs $48,166 in Marshall County, Mississippi, to $94,676 in New York City. Meanwhile, costs like childcare in Washington D.C. for just one child run $1,318. The institute found even in solid economic conditions, low-wage jobs would not cover basic family needs. Annual wages for a full-time minimum wage worker run $15,080 which makes it difficult, if not impossible, to live in even an inexpensive area. While you may not be able to...read more
Nearly everyone has seen a sci-fi or futuristic movie that shows a dystopian future where television has gone out of control, featuring thousands of channels with nothing worth watching. Unfortunately, that future seems more realistic every day, and with the continuously rising prices of cable and satellite television, many people are choosing to cut the cord and switch to other alternatives. The FCC recently completed a study showing the average basic cable bill is over $64 per month before taxes and surcharges, and that doesn’t include any...read more