Were you less than satisfied with your financial situation at the end of 2014? If so, making tax-smart decisions in 2015 could provide a helpful course correction. Here are some suggestions to get you started on the right path.
- Get structured. That out-of-control feeling from last year might be due to a lack of organization. Set up a simple filing system to arrange your tax papers and records. Once you’re organized, review your monthly expenses and establish a budget you can live with. Online tools can help make that job much easier.
Next, take your planning a step further and create an emergency fund. Consider setting aside six months of living expenses in an account you can tap easily. [Read more…]