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Before We Launch: Inflation, Flood Insurance Deadlines, and Your Money Questions
Description
Gas is up almost 30% from last year, my flood insurance deadline is closer than I thought, and my paycheck isn't doing what I assumed. This is a preview before our daily live show later today at 11:30 AM Eastern.
I'm Ralph Estep Jr., a licensed public accountant with 30 years in the business, and I'm joined by my cohost Juliet Chuang. Starting today, we're live every weekday at 11:30 AM Eastern talking about money without the shame.
Takeaways:
- Inflation affects different expenses differently; gas and groceries may hit harder than the reported average.
- If you're in a flood zone, make sure to check your flood insurance before the deadline hits.
- Understanding your credit report is crucial; errors can cost you, so check it regularly.
- If you're self-employed, set aside 25-30% of your income for taxes to avoid surprises later.
- Car insurance premiums can drop, but if yours hasn’t, it's time to shop around and save some cash.
- Be proactive with your finances; start a separate account for tax savings to simplify your money management.
You can also watch this on YouTube: https://youtu.be/9OzcGs_cNXo
Watch us live today at 11:30 AM Eastern: becomingfinanciallyconfident.com/live
Got a money question? Send it to me: becomingfinanciallyconfident.com
Links referenced in this episode:
- becomingfinanciallyconfident.com
- becomingfinanciallyconfident.com/live
- becomingfinanciallyconfident.com/wallet
- fema.gov
- floodsmart.gov
- lawdepot.com
Companies mentioned in this episode:
- FEMA
- TransUnion
- WalletHub
- Law Depot
- Valero