Student Loan Planner Top 10 Tips to Make 2025 Your Wealthiest Year Yet
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Jan 14, 2025 Looking to boost your finances in 2025? Discover top strategies for growing your wealth, from smart investments to essential insurance tips. Get insights on tracking spending to uncover financial truths and understand cost basis to avoid tax pitfalls. Learn how to balance gratitude with preparation in tough times. Plus, explore the intersection of mental health and money, emphasizing well-being while managing finances. This discussion is packed with practical advice to simplify your financial life and enhance future prosperity.
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Track Spending
- Track spending and income in an app like Monarch Money or YNAB.
- This helps catch errors, understand finances, and manage subscriptions.
Catering Triple Charge
- Travis Hornsby used Monarch Money to prove he was triple-charged for catering.
- The app revealed three charges, leading to a refund and an extra meal.
Tax Optimization
- Analyze your 1040 to understand deductions and identify potential tax optimizations.
- Consider itemizing, QBI deductions, and tax-advantaged investments.