Many people seem to think that ignoring their financial problems will make them go away, but that doesn’t really work. The following article will show you many great tips for budgeting and being financially responsible. Take control of your personal finances right now!

It is important that you file your federal income taxes in a timely manner. If you are getting a refund, file early to receive your money quickly. If you owe the IRS money, file as close to April 15th as possible.

Once the statute of limitations passes for certain kinds of debt, collection agencies and creditors cannot legally threaten to sue you for old debts. The statutes vary by state, usually ranging from 3-10 years. Find out when your debts will become obsolete and refuse to pay back anyone who is trying to get money for an expired debt.

Holding a garage or yard sale can help one clear out some old items, as well as earning some extra cash. You can also include the whole neighborhood in the sale by offering to add their items on commission. Using creativity, the possibilities are endless when it comes to garage sales.

Free Checking

There are plenty of free checking accounts, go for that option. Local banks, credit unions, and online banks are all likely to have free checking offers.

Some people spend $20 to $30 each week in lottery drawings hoping to ‘win it big.’ Instead, invest that same amount of money in a savings account. This would guarantee an increase of money over time, as opposed to throwing money away.

Each individual should know the value of their possessions. It will help a person decide whether it is better to throw something out, or attempt to sell it when they decide to get rid of something. Selling a valuable antique sofa, for instance, is a much better financial decision than tossing it in the dumpster or giving it away out of ignorance.

Doing a little research online can help you find several websites that provide coupons that aren’t available through newspapers or magazines. Taking advantage of opportunities like online coupons is a good habit to have for those wanting to maintain the best personal finances they can.

You can better handle your situation if you apply the tips from this article that most pertain to your own financial situation. You can gradually improve your financial standing and reduce the negative mental overhead that is brought on by debt.

There are tremendous opportunities for small businesses and social entrepreneurs to support their communities through community foundations, donor advised funds and other means of giving back. Find the neighborhoods in
Hartford, Connecticut where you can make the most impact on improving your community.