Finances are the number one cause of stress for Americans. People are worried about providing for their families, putting food on the table and paying the bills. The burden of paying taxes only adds to this stress.
Luckily, there are lots of ways we can overcome these burdens to live freer of financial stress. We can budget more wisely. We can research more when making large purchases. We can forgo small purchases we don’t necessarily need. Along with these proactive methods, the new tax code is also helping hardworking Americans out.
The Tax Cuts and Jobs Act, which was signed into law late last year, has retired the old tax code. Under the new law, eight out of 10 Americans will pay less in taxes. Many families can expect to see hundreds more dollars in their pockets over the next year. That is a huge lift for those living paycheck to paycheck. You can use a tax calculator to get a better idea of how much more money you may see in each paycheck!
Along with larger paychecks, many companies are creating job opportunities, awarding bonuses, raising wages and increasing benefits.
Starting this year, you will have more of your own money to use how you see fit. Move your life towards more financial freedom and take advantage of these savings! Use the extra funds to invest, save, put toward retirement or pay off debt. Take this opportunity to secure your future and effectively use your money.