Personal Finance and Accounts guidance:
7. Tax and Vat issues consideration:
7.1.Personal finance for Tax Saving_
Tax time is one of the most stressful times of the year for many people. But it doesn't have to be! If you get your personal finances and accounts in order now, you can save yourself a lot of stress (and money) come tax time. Here are the tips to get you started 1. Know your withholding status and make any necessary changes
2. Decide if you want an individual retirement account or not
3. Start saving money as soon as possible
4. Review insurance coverage regularly
5. Start doing some simple calculations that will help guide your financial decisions
6. Try to live within your means; use a budgeting tool like Mint if necessary
7. Know where all of your assets are; update this information regularly so that there are no surprises when it comes time to file taxes 8. Get rid of unused items around the house - donate them or sell them at a garage sale
9. Increase charitable contributions, especially those that provide tax deductions
10. Start paying attention to how much you spend on food
11. Set aside funds for upcoming expenses - pay bills ahead of time instead of waiting until they are due
12. Figure out what credit cards you have available and which ones to keep; cancel others if they're maxed out or causing too much stress
13. Learn about Roth IRAs and other investment opportunities; these could potentially provide significant benefits later on down the line
