Welcome to Money Care’s Blog
Your Charitable Donations are Tax Deductible
American taxpayers who take the standard deduction can deduct a modest amount for charitable contributions on their 2021 tax returns. The ability for many taxpayers to take deductions disappeared with the Tax Cuts and Jobs Act (TCJA) of 2018. The TCJA roughly doubled...
Credit Card Myths You Shouldn’t Believe (and What to Do Instead)
It's hard to know where to turn for the best, most realistic advice when it comes to credit cards. You may be getting mixed messages from friends and family about Credit Card Myths You Shouldn't Believe (and What to Do Instead), which only makes it more confusing....
Medicare Advantage: Make Certain It’s the Right Plan For You
With the start of Medicare’s Open Enrollment this month, expect a flood of TV commercials for Medicare Advantage Plans. The ads have one aim: to convince you to sign up. But when it comes to Medicare Advantage: Make Certain It’s the Right Plan For You. The commercials...
Bank by App with a FinTech
There is a new type of bank intown and it is accessible only via an app. These low or no-fee digital banks are run by fintech companies. What is a Fintech? Fintech is short for “financial technology.” Fintech describes new technology that automates and improves the...
The Psychology of Money: Why People Behave the Way They Do with Their Money
Success with money doesn’t depend on “hard skills.” It’s more than plugging numbers into a formula and implementing the results. Humans don’t function that way. In his book, The Psychology of Money, Morgan Housel explains that succeeding with personal finances,...
When Hiring a Private Caregiver Follow the Rules
When you or a loved one needs help with personal care, you may want to hire someone privately to help. Once you agree on a wage, it’s tempting to simply write that person a check or send a Venmo payment. STOP! When Hiring a Private Caregiver Follow the Rules. Before...
How I Helped My Daughter Build a Credit Score
“Mom, I need a credit check,” my daughter Gabriella told me a few weeks ago. Gabriella, a college student, is subletting an apartment for the summer. Her landlord required a credit history check. It seemed to me a good time to share How I Helped My Daughter Build a...
Beyond the Bills…How a DMM Can Help You
Daily money managers are much more than bill payers. True, the core of many daily money managers’ work often involves paying bills on time, reconciling accounts, organizing financial paperwork, and gathering tax documents. Yet many daily money managers (DMMs) provide...
Align Your Resources With What Matters Most
The COVID-19 pandemic has given us an opportunity to discover what matters most. This past year we have experienced a changed world. While unwelcome, inconvenient, and frustrating, this collective experience has a silver lining: it provided an opportunity to determine...
Guiding Your Senior Loved Ones Toward a Move to Assisted Living
This guest blog, Guiding Your Senior Loved Ones Toward a Move to Assisted Living, was written by Lydia Chan owner of the Alzheimer’s Caregiver website. When it comes to senior living, it can be argued that assisted living is the best choice. It is the best of both...
