Yep. It’s time for this kind of post. Tax time is here! Don’t roll your eyes; this could be the time that the IRS pays you for your gas – literally. Filing for taxes can be a real pain point for individuals who are working a full-time schedule and have dependents. However, as interns, we should take it seriously as well consider the many benefits of receiving a nice tax refund.
Tip #1- [...]
Many of you interns may not have heard of the Q&A site, Quora. Quora is a great site where you can hone your skills and practice giving advice in the field in which you are passionate. I regularly answer questions under the “personal finance” and “investing” topics.
A few days ago I came across one of the most basic and eye-opening questions I have ever seen. It stated: [...]
Should interns (and college students) use credit cards? There are some items that interns could utilize credit cards to purchase. On the other hand, there are many more items that should not be purchased utilizing credit cards. If credit cards are used, they should be used as a tool to build credit while purchasing “common” items and not for large or unnecessary purchases.
Both interns [...]
I have been asked time and time again by college students and interns alike, “How can I invest with so little, but still make a profit?” What most young people overlook is the option of using small-cap stocks to begin their investment portfolio. Some of these stocks have great management, financials, and great products or services (all of which are highly desirable when investing).
I have been working with one of my co-workers on drilling his budget down to the most efficient use of his income, as well as expenses. His problem is that he wants to learn how to budget for his expenses and not his income. Meaning, most people create a budget by allocating their income to different aspects of their lives. But few know that by budgeting from the other side, focusing on whittling down [...]
Image by jiolasa via Flickr
Ever wonder why budgeting is so difficult for you as an intern? Or why a part-time income is so hard to take into account while budgeting? Recently, friends who worked unpaid and stipend-based internships asked how to budget on such an irregular income. As a response to their concerns, I devised a way to budget that has yet to be used anywhere else. What this budgeting [...]