There was a day when personal banking required a trip to the bank, standing in often long lines, and making a transaction via a bank teller. Money was accessible only at a brick and mortar location. Any financial needs not taken care of by the end of the business day would have to wait until the next.
I’ll bet that a year ago, if you’d seen a penny on the sidewalk, you would have just stepped over and walked on but that now, you stop, pick it up and put it in your pocket. A banker once told me that you can always tell when times are getting harder by the amount of pennies being turned into the bank. So, how about a few tips to save a couple more pennies for that piggy bank?
This article explores the history of income tax from 1862 until now. I will talk about who the income tax was originally for, what the 16th amendment was about, and what the supreme court has stated about income tax. I will also put to rest the myth that our current tax is unconstitutional.
The first personal bankruptcy laws began in Great Britain more than four hundred and fifty years ago - of course, those statutes forced the bankrupt to infamous debtor’s prisons (could’ve been worse; the Roman Empire forced insolvent debtors to be slaves of their creditors). Throughout most of western civilization, inability to repay bills was considered the same as fraud and debtors were absolutely considered criminals - often sentenced to death. Things really didn’t start to change until the English economy began a period of expansion in the 1600’s.
Money mistakes made early in your marriage can compound over time into a full blown fiasco damaging your marriage for years. On the other hand, sharing your money blunders with open and ongoing communications will help you enjoy a more peaceful and happy marriage.
