How Accountants Can Help You in Your Personal Life

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Accounting & Your Personal Life

Though accounting may seem like it’s exclusively for accountants, the reality is that accounting can be useful for many different types of people. Accounting can even be helpful in your personal life. According to reputable data, roughly 4 out of 10 Americans live paycheck to paycheck. This means that there is a sizable percentage of the population which struggles with financial literacy and can benefit from some knowledge of accounting principles.

Learning even the most basic of principles can help you not only manage your money more efficiently but can also help you see when you are spending money the wrong way.

Cultural Shifting

When many of us were growing up, it was a common practice to carry a checkbook and balance it as you spent money. In today’s society, people are writing checks less and less frequently and are now commonly having to balance checkbooks on the go. That is, people are balancing checkbooks on the go in cases where they even have checkbooks at all; it’s quite commonplace these days for people to manage their finances without a physical checkbook at all.

Electronic Banking

Many people now use alternative methods such as online bill payments, automatic monthly withdrawal, and debit cards for purchases and for cash withdrawals. Electronic banking has made it harder to keep your eyes on your finances, and this makes an accountant even more important.

Counting the Ways

Curious to know what other ways an accountant can help you personally? Here are a few:

  • When you’re about to start a new job
  • After you Get Married
  • After You Have a Baby
  • Right Before Tax Time

In what other ways do you think it’s valuable to have an accountant? Leave your comments below.

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  • Huddleston Tax Accountants / Huddleston Tax CPAs – Redmond, WA
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    8201 164th Ave NE Suite 200 / Redmond WA 98052

    Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching,
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    We serve Tukwila, Auburn, Federal Way. We have a few meeting locations. If you are looking for a Redmond CPA firm, get in touch with us! Call to meet John C. Huddleston, J.D., LL.M., CPA, Lance Hulbert, CPA, Grace Lee-Choi, CPA, Jennifer Zhou, CPA, or Jessica Chisholm, CPA. Member WSCPA.