Let’s face it, nobody likes paying taxes. That’s why at tax time, many American taxpayers often obsess about ways to lower the amount they might owe or maximize their tax refund. In fact, many frequently pose a very popular and specific question: “Can I write that off?” Continue reading
When it comes to managing your personal finances, there are many things to consider. Decisions you make today not only impact your current lifestyle, but can also have broad-ranging effects on your life down the line. Wherever you are in life, it’s always a good idea to periodically take stock of where you are with respect to your money. If you’re struggling to get your finances back under control, or if you’re just looking for some good advice, here are nine suggestions to help you lead a healthy financial life, today and tomorrow. Continue reading
It’s an annual passage and a sure sign that spring is approaching. It’s not longer days or warmer temperatures. It’s tax season and the all-important tax return filing deadline in mid April. And before you can even begin to think about the size of your return or the amount you owe, you’ve got to start by answering a simple question:
Who will file your taxes?
Will you do it yourself? Or hire someone to do it for you? There are some good arguments for both sides:
Doing It Yourself
The good news is that with the advent of technology, there are now a lot of helpful programs on the market to simplify tax filing and handle the calculations for you. For example, in their Super Bowl ad, Turbo Tax® demonstrated just how easy it is to answer tax questions and filing.
With the April 15 income tax filing deadline nearing, Community Bank is launching a new blog series called Tax Talk Tuesdays. Each Tuesday on our blog (now through April 15), we’ll tackle a different tax-related topic. From the basics of income tax to advice on charitable giving, our Tax Talk Tuesdays series will provide you with helpful tips and strategies to make the most of your money throughout the year.
A credit card can be a convenient staple of your financial life and these days, there are countless options available. Credit card advertisements are nearly impossible to avoid; you’re likely constantly bombarded by offers of frequent flyer miles, attractive APYs and loyalty points programs. All of this advertising can make deciding on a card a daunting task. But the truth is, choosing the right credit card and knowing how to use it wisely is important and can have a large impact on your finances. Continue reading
The time has come once again for New Year’s resolutions! While some tend to scoff at the idea, the beginning of a new calendar year gives us an opportunity to take a look at our habits and consider how we might live better, happier or more fulfilling lives. Continue reading
After many months of hard work and development, the app is out of the bag: we’re mobile!
Community Bank of the Chesapeake is proud to announce the launch of our new Mobile Banking app —designed to help you have access to your finances at your fingertips, 24-7. Available for both the iPhone and Android, the app makes it possible for you to bank wherever and whenever is convenient.
When you download the free app from your app store, here are some of the features you’ll be able to take advantage of:
Whether you sang along or changed the channel, chances are that for at least a few seconds, you were thinking about your credit score.
You’ve probably heard radio advertisements promising, “Easy credit with immediate approval!” Or maybe you’ve come across online ads declaring, “The money you need is just a click away,” while visiting your favorite websites. These enticing offers, known as cash advances or payday loans, can be far more complex and problematic than you might think.
When’s the last time you wrote a check? If you’re like most people, checks are a thing of the past and you’re using either a credit card, a debit card or a prepaid card for the majority of your purchases, online or in person. But, if you use these cash-substitute cards interchangeably, you could be inviting problems.
The safest bet is to know which card to use in different situations. Here are some helpful hints.
Use a debit card
• For convenience
It is a lot safer than carrying a lot of cash and quicker than writing checks. It’s great for smaller, everyday purchases. But, be sure you don’t spend more than you have in your account, or overdraft fees could end up costing you big time.