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Search resuls for: "Pamela Capalad"


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The first step to finding a good accountant is to ask the people close to you who they recommend. Think about your own priorities and remember the essentials that any good accountant should have. Finding a "good" accountant can feel like a moving target, but it doesn't have to be. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On TurboTax's website Learn more On Tax Slayer's website Learn more On H&R Block's website1. A good accountant is a good communicator as much as they are a number-cruncher.
Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). Welcome to Personal Finance Insider, a biweekly newsletter that connects you with the stories, strategies, and tips you need to be better with money. Financial planner Alex Alba told Insider it's important to pad your emergency fund, especially if you're worried about layoffs. Financial planner Pamela Capalad recommends a high-yield savings account for this purpose. High-yield savings are offered by major banks, and many accounts are currently paying 3% or more.
I recommend building a "family savings fund" for relatives so you always know what you can offer. How the 'family savings fund' worksThe family savings fund is a simple but powerful tool that allows you to give to family members, set personal boundaries, and make space for your family values. Then, open a separate savings account (feel free to even label it "family savings fund") and set up regular transfers into this account. Having a family savings fund set up means you can plan for these unexpected emergencies. The family savings fund has given many of my first-generation clients (including my family!)
Also: Put your money in a high-yield savings account — you can earn around 3% interest right now. We just experienced the longest bull market in economic history, with the stock market increasing in value for 11 years straight. Consolidate your debt into fixed interest rate loansIf any of your debt has variable interest rates, consider moving that debt into a loan that has a fixed interest rate so your interest rate won't change. For instance, if you have credit card debt, chances are the interest rates have gone up. When you move your money into high-yield savings, consider also increasing your savings amount by 10%.
Most people who have credit card debt throw all their cash and windfalls at the debt. One of the biggest insights I've learned working with Brunch & Budget clients is that the best way to pay down debt is to save. What usually happens when you try to pay off credit card debtGetting into debt can happen in a flash. At some point, you hit your credit card screw-it number and just start charging everything to the card. For instance, if you've been putting $250 per month away in savings, put $125 towards savings and $125 towards the credit card debt.
Personal finance pros Pamela Capalad and Kelly Lannan joined Insider's Master your Money virtual event. They broke down why renting isn't necessarily a waste of money, and why buying isn't for everyone. But the idea that renting a home is inferior to buying one isn't necessarily an accepted truth — it's an opinion, and one that not everyone shares. Buying isn't for everyone, even if you can afford it"It's never throwing away money to put a roof over your head, period," Capalad said. While buying a home is a financial transaction, money is only part of the decision.
In an upcoming virtual event on Tuesday, June 22 at noon ET , personal finance professionals will discuss millennial homeownership. , personal finance professionals will discuss millennial homeownership. The event is part of the Master Your Money series, delivering money advice, ideas, and inspiration to millennials. To help millennials take control of their money, Insider presents "A Guide to Millennial Homeownership," a free, live virtual event that's part of our Master Your Money series, presented by Fidelity. This free, live virtual event will take place on Tuesday, June 22 at noon ET.
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