April is right around the corner. And with it, tax day. Here’s a heads up on the tax changes for 2019.
“Even though the tax reform bill—formally known as the “Tax Cuts and Jobs Act”—was introduced a full year ago, it didn’t apply to the taxes you filed last year… Now that tax season is officially here, it’s time to figure out what all those new tax updates mean for you. ” (Dave Ramsey. “Your 2019 Taxes: What You Need to Know About the Tax Reform Bill.” https://www.daveramsey.com/blog/tax-reform-bill)
Fixed mortgage rates sank to a 10-month low this month.
“According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.41 percent with an average 0.4 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.46 percent a week ago and 4.32 percent a year ago. The 30-year fixed rate hasn’t been this low since early April.”
“The 15-year fixed-rate average fell to 3.84 percent with an average 0.4 point. It was 3.89 percent a week ago and 3.77 percent a year ago. The five-year adjustable-rate average drifted down to 3.91 percent with an average 0.3 point. It was 3.96 percent a week ago and 3.57 percent a year ago.” (Washingtonpost.com. “Mortgage rates tumble to 10-month low.” 7 February 2019.)
You might not have thought about these ways of saving substantial amounts of money. Here’s Forbes’ 5 suggestions:
Don’t be penny-wise, pound-foolish. As in, don’t just scrimp and save and avoid those daily cups of Starbucks — and splurge a large chunk of your income on a larger, more-expensive apartment than you really need.
Donate your plasma for money.
Become a referee of your favorite sport.
Use sites and apps that help you save or earn back money.
Save money on necessary items (Forbes listed contacts, but you can save money on all different necessary items).