Wallet Magazine

A Trust Vs. A Will

More Privacy  – Wills are public documents that anyone can access. A trust, on the other hand, is a private document that’s accessible only to the trustee and their chosen designates. Preferable Tax Treatment  – Trust accounts have lower individual and estate taxes than wills. Control of Asset Distribution  – A trust allows you to pay out inheritances in smaller payments,…
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Curve Impulse Purchases!

Use a list: Lists aren’t just for groceries anymore. Whether you’re hitting the mall, doing a Target run or even shopping online, never shop without a detailed list. And stick to it! Use cash: Cards are great because of the easy tracking they provide, but if you tend to overspend on plastic, leave your cards at…
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Are You Preparing For Your Future?

Do you cut corners today for building a financially secure tomorrow? Yes; I sleep better at night knowing my future is protected. No; I’d rather enjoy myself today and cross the bridge of the future when I reach it. If you answered the above question with the second answer you may want to reconsider. Read our advice below to…
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Credit OR Debit?

“But, but… If you put it on a credit card, it doesn’t matter how much it costs!” 1.) Budgeting Credit cards allow you to buy now and pay later. Unfortunately, this can turn into a nightmare because of the obvious financial pitfalls in being able to purchase things you don’t have the money for now.…
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