How Loan Pre-Approval Works and Why It Matters
Let’s face it: borrowing money can be intimidating. Whether you’re planning to consolidate debt or handle an unexpected emergency, the borrowing process can feel like a maze. Getting pre-approved is a smart first step. Here’s everything you need to know about how loan pre-approval works and why it’s important.What Is Loan Pre-Approval?Loan pre-approval is an initial... Read More
What Is Credit Utilization, and Why Does It Matter?
When it comes to managing your finances, understanding credit utilization is a game-changer. It plays a big role in your credit score and can even impact your chances of getting approved for loans or credit cards.But what exactly does credit utilization mean, and why should you care? In this post, we’ll break it down and... Read More
9 Ways to Avoid Common Budgeting Pitfalls
Creating a budget is one of the best things you can do for your financial health. It helps you track your spending, save for your goals, and avoid unnecessary debt. However, many people fall into common budgeting traps that can make the process less effective - or even discouraging. Whether you're just starting to budget or looking... Read More
How to Create a Debt Repayment Plan That Works
If you’re anything like most Americans, you’re probably carrying some debt, if not drowning in it. Whether it's from student loans, credit cards, or medical bills, debt can feel like a heavy burden. The good news is you don’t have to navigate this financial challenge alone. AMG Finance is here to help with financial advice... Read More
What is Taxable Income? Surprising Sources You May Need to Report
Taxable income is the portion of your income that the Internal Revenue Service (IRS) can tax. It includes not only the wages you earn from your primary employment but also other sources of income that may surprise you. Understanding what counts as taxable income is essential to avoid unexpected tax liabilities, penalties, interest, and audits.What is... Read More
10 Red Flags That Can Trigger an IRS Audit
According to a 2023 report published by the Congressional Research Service, less than 1% of Americans are subjected to an audit by the Internal Revenue Service (IRS) each year. In fact, if you earn less than $1 million, the chance you’ll be audited is less than 5 out of 1000. How can you ensure you’re not... Read More
Tips for Managing Student Loan Debt on a Low Income
A college degree isn’t cheap. And unless you’ve got a rich uncle or parents who planned WAY ahead, you may find yourself in student loan debt after graduation. Understanding what you’re up against can help you tackle your student loan debt wisely … even on a low income.Know What Type of Student Loan You HavePrivate... Read More
How to Compare Personal Loan Offers to Get the Best Deal
Personal loans can be a valuable tool in reaching your financial goals. But what should you be looking for when shopping for personal loans? Most banks and credit unions will have loan options with different rates and terms that can vary widely between lenders. Here are the details to consider when comparing personal loans between lenders. Types of... Read More
7 Tips for Choosing a Tax Preparer
When it comes to choosing a tax preparer, you have several options at your disposal. You can find anything from large tax prep chains to individual tax preparers - but how do you choose which is right for you? Whoever you choose will have access to almost all of your personal details, such as your bank... Read More
