The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. August is "money month" at MONECO Advisors, where we will be highlighting everything related to adding money into your wallet - including savings strategies, budgeting, cash flow, debt management and more!
In this issue:
- How Much Income Do You Need to Live - State By State (4 min read)
- What You Need To Know About The Child Tax Credit (3 min read)
- Why You Should Start Your 2021 Holiday Shopping Now (3 min read)
- BONUS - Upcoming Webinar: Responsible Investing!
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How Much Income Do You Need To Live - State By State
Often one determines where they will settle down and start their careers based on where potential employment will be. Today, with many remote work options, you may have more flexibility. Below is a living wage calculator that will allow you to see what level of income you will need to make across the country to cover basic living expenses including food, housing, health insurance and personal expenses.
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What You Need To Know About The Child Tax Credit
Recently you may have received a deposit or a check from the government that was the increase in the allowable child tax credit, as part of the American Rescue Plan Act, that was passed in March. Unlike the previous potential stimulus checks you may have also received, this payment is a bit more confusing. Is it free money or will I have to owe it back come tax time next year? With a lot of questions being asked by our clients, we thought providing the following information would help clear things up. As always, if you have any questions, do not hesitate to reach out to the office.
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Why You Should Start Your 2021 Holiday Shopping Now
"Yes" and we are not kidding. Supply chain issues are still plaquing economies around the world, as a result of factory shutdowns, overwhelmed ports and shipping shortages brought on by Covid. Many analysts say that could bring even more challenges when it comes to holiday shopping this year. Therefore it may make sense to get ahead of the curve to avoid not having that special gift for that special someone or child.
Click here to read the full article
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Webinar: Aligning Your Financial Goals With Your Values
Do you have to sacrifice returns to make a positive impact on the environment? Join us for an exclusive informative discussion on why responsible investing matters, the trends in it, the steps you can be taking to align your personal values with your investments and how we can help. Afternoon and evening event time slots available.
