Free Financial Forms Readily Available For Those Who Need Them

In today’s bustling economy, individuals and businesses alike are making financial transactions every second. A financial form is a basic requirement for any transfer of funds or financial agreement. This can range anywhere from a hotel receipt that will later be used to prove business expenditures, to a complex branch of paperwork in order to move forward in a corporate merger. These financial documents allow companies to manage their finances in compliance with state and federal regulations. However, with all these connections going on, people may be wondering what forms they need and how much they need to pay for them. It should be known that there are free financial forms readily available on the Internet for those who need them.

There are reputable accounting service companies that make financial forms available for no cost online. These forms have a broad range of uses and cover a wide array of prospective clients. Companies that offer free finance forms also offer financial advising services to meet all of your company’s needs. You may find yourself needing further assistance with the documents, and an experienced accounting services firm can help you with these and other financial accounting issues. Using incorrect information on a financial form can lead to negative legal consequences because there are many measures in place to prevent wrongful acts such as fraud. If you are unsure about how to properly fill out the documents you download online, you may want to contact the business that provided the free financial forms. They will have a better understanding of the document(s) and will have a firm grasp of what your next step should be. Seeking out advice from an accounting service can help you manage your finances efficiently and effectively.

An organized financial system will benefit any individual or company. Financial forms help you document and monitor your expenses in a comprehensive way. Creating a solid paper trail will allow you to use your records wisely and plan out future spending and saving. Financial documents also improve the recoverability of your financial information. If you are using paper documents you can simply make copies of them and store them in a safe location. If you are keeping files on a computer you can also make sure they are organized and backed up in your system. Preserving your financial history may be the best way to plan out and achieve future monetary goals. It doesn’t matter what your financial situation is. You can make positive strides to move forward, but to do that you will need financial documentation.

Whether you are using paper or digital forms, there are free financial forms available online. Using these financial documents can help you project your expenses and will ultimately help you plan out the future of your business or personal finances.

The Eight Worst College Financial Aid Mistakes – Avoid Them

With college costs rising faster than inflation and financial aid shrinking, you can’t afford to make mistakes when it comes to sending your child(ren) to college. If you do… it will definitely cost thousands, even then of thousands of dollars per child. Now if you have an extra $5,000, $10,000 or $20,000 sitting around and don’t mind giving it to a college… then this article isn’t for you. For all others… Please read carefully!

Going to college can be a very complex and stressful time for many families. Especially with your first child that begins the process. While it may get easier with each child, if you make any of the following mistakes, it will cost you money.

If you are fortunate enough to be reading this while your oldest child is still in middle school or just entering high school, then you should have plenty of time to methodically make the most out of the college financial aid process. If your child is about ready to graduate or already in college, then you better get started right now and plan to spend some quality time making the adjustments necessary.

Eight Mistakes That will Cost You Plenty

Mistake 1: Not Starting Early Enough: The main reason families make costly mistakes during the financial aid process is that they wait until the last-minute and are rushed. If you start early and plan your steps on a timeline, you will be ready and prepared to take full advantage of the process.

Mistake 2: Not Paying Attention To Deadlines: Another big mistake is missing a financial aid deadline. If you don’t file the right forms with the right departments before the required deadline, you lose the opportunity to get the financial aid for that semester and generally cannot reapply until the following semester.

Mistake 3: Not Filing The FAFSA: The dreaded first-time FAFSA (Free Application for Federal Student Aid) isn’t as bad as most families believe it is, but if you never file it, you are guaranteed to be overlooked by the financial aid system. Most colleges require the FAFSA to be filed, even if you will not qualify for Federal aid, just so they can offer you any private scholarships, grants or endowment opportunities. So always file the FAFSA.

Mistake 4: Not Utilizing EFC Reduction Strategies: Every applicant that applies to college and requests financial aid will have an Estimated Family Contribution or EFC calculated based on the financial information that is provided. If you know how to use these EFC reduction strategies before you are required to file, you can lower your EFC and increase your financial aid dramatically.

Mistake 5: Student Loans: Many students and their families use the wrong types of students loans, don’t use them at all or fail to look into which student loans are custom-made for their situation. A vast amount of information on student loans is available and all you need to do is read it. It will compare the different types and then you should be able to decide which is best if loans are required.

Mistake 6: Paying For College With Retirement Money: Every year I hear and read about parents that are tapping their 401K or other retirement plans to help pay for their children’s college expenses. They either withdraw or borrow funds for education and neither method is a good idea for most families. Don’t sacrifice your retirement for your child’s education, because they probably will not be able to take care of you in retirement if you do.

Mistake 7: Not Appealing Your Offer: Appealing a financial aid offer from a college can be a great way to get additional aid, especially if you believe some mistakes or omissions were made when you initially filed. This is the time to clarify and correct any issues that you discover and request an adjustment if possible. It generally cannot hurt to ask for more and it gives your student the opportunity to make some great contacts inside the financial aid system.

Mistake 8: Not Asking For More… In Years 2 to 4: As a student continues through college, most never visit the financial aid office again after their freshman year. If you make regular visits each semester and inquire about additional aid, scholarships or grants, you may be pleasantly surprised by how much aid is available (and sometimes unclaimed), specifically for 2nd, 3rd and 4th year students.

Summary: This is a just a summary of the major mistakes that I hear about each and every year. Each of them is avoidable if you just take the time to do your research, get organized and plan your strategy. Obviously, the earlier you start, the better prepared you should be… so get started today and save a bundle.

How to Check Your Financial Accounts For Identity Theft

Most people have a wide variety of financial accounts that they use each and every week. They write checks, use credit cards, ATMs and online banking. Every transaction involves some degree of identity theft risk. The store clerk might spy on your visa information while she processes a purchase. A hacker might monitor your online activity using a Trojan. Or someone might create counterfeit checks that they pass around a town that you have never even been to.

Monitor Financial Information It is important to monitor your financial information on at least a monthly basis. You must report any problems to your financial institution within 60 days. Here are some quick tips about how to monitor your financial information efficiently.

1. First of all, you need to make sure that all of your financial statements have arrived in the mail. It is quite common for identity thieves to steal your bank or credit card statement from the mailbox. For maximum protection, you should look into using a private locked mailbox and use that address to receive your bills.

2. You should mark down on the calendar when your bill is set to arrive. For example, my bills arrive in and around the 15th of each month. If your bill does not arrive, it is important that you contact the financial institution because the statement might have been stolen.

3. If there is a charge that you think is suspicious on one of your financial statements it is important that you report this charge immediately. Usually you have 60 days of coverage. The longer that you wait the more difficult it is to prove your innocence.

4. After you have read your bank or credit card statements you should shred all information. You can purchase a shredder for home office use for less than $100 from Staples.

5. Financial records should be kept in a safe place in the house. Some people keep their financial records in a small household safe. I know of one example where an individual had their tax return on their desk and the cleaning lady saw the Social Security number and passed it along to an identity thief.