TessMore Finance Blog

It’s many people’s least favorite time of year: tax season. Between frantically searching for your tax forms, organizing your receipts, figuring out how much it’ll cost you to file and trying to remember the most recent updates to the tax code, tax season can be stressful … to say the least. Thankfully, some smart software companies have made the process way easier — and, in some cases, even free. Even the tax pros themselves are getting on board. “I actually informally started my own tax practice using TurboTax to prepare people’s returns from my kitchen table,” said Ben Rugg, CPA. So you can rest assured your taxes are in good hands with online tax filing services — and save yourself a boatload of money and stress. The three best online tax programs with paid plans are undoubtedly TurboTax, H&R Block and TaxAct. Here’s a quick look at how they stack up. For detailed information about each, check out our reviews: H&R block review TurboTax review TaxAct review Not...

A Tesla Model 3 or perhaps even a Tesla Model Y is likely to be on your shortlist if you’re shopping for an electric vehicle. According to various sources, many people are fed up with the soaring gas prices. And with this thing in mind, the best option is to shift from a gasoline vehicle to an electric vehicle.  Though you’ll save money on fuel and maintenance over a gas car, one thing you have to keep in mind is that these cars are not going to be a cheap choice after all. In addition, to this, the cost of paying your Tesla over the years is gonna hit like a bullet train. On the contrary, if you choose to lease them, the monthly payment will be lower, and in this way, your budget will be affected less. The final cost will, however, be higher eventually if you lease. The Tesla Finance department offers to finance their customers, but it’s important to note that Tesla is not a lender. After selecting or customizing a model of a Tesla car, you can apply for financing through the Tes...

For most workers, retirement means an end to employer-sponsored health coverage. But your 65th birthday usually comes with a pretty sweet gift from the federal government: Medicare. But how does Medicare work, anyway? Whether you’re about to turn 65 or you’ve been enrolled in the program for years, now is a great time to brush up on the federal health insurance program, what it offers, what it costs and how to make changes to your Medicare coverage. 7 FAQs About Medicare and Open Enrollment Medicare is the largest health insurance program in the United States, covering more than 60 million Americans. It’s also one of the most confusing and complex programs. Contrary to popular belief, Medicare isn’t free and it doesn’t cover all your health care costs either. Here’s what you need to know to get the most out of your Medicare coverage. 1. What Is Medicare? Medicare is the federal government’s health program for people age 65 and older, as well as some younger people with disabil...

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . In 2022, there are more banks — or financial institutions that act like banks but technically aren’t  — than ever. Brick-and-mortar banks where you can go inside and say howdy to a teller are still plentiful, but the visitors inside are fewer and fewer every year. The digital sphere is now filled with online-only money management options that include actual banks, neobanks, fintech firms and investment platforms that offer banking services. The following roundup of bank reviews from The Penny Hoarder will help you decide which institution fits your savings, checking and even loan needs for 2022. We have studied and compared their fees, interest rates, customer service, app efficiency and other offerings that make them stand out. Brick-and-Mortar Banks The largest banks in America still have physical l...

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . In the span of two and a half years self-described “bad saver” Matt Wiley managed to save $4,300 without thinking about it. “It feels weird saying ‘I saved,’ because I really didn’t do anything,” he said. Despite being an editor at The Penny Hoarder at the time, Wiley admitted he’d never been good at putting money away. “I don’t have a good reason for why it has been difficult, other than I’ve never been good at forcing myself to put money aside to not touch.” In early 2015, Wiley heard about a money app called Digit from one of his wife’s friends, who was already using it to build savings. Since its early days as the automated savings app that turned Wiley into a bonafide saver, Digit has expanded a lot to cover more than just savings needs. How did Digit help this bad saver stash away more than $4,000...