Articles by Lance Cothern

Lance is a licensed Certified Public Accountant (CPA) in the state of Virginia and he covers money management, budgeting, financial products, and more. He is also the founder of Money Manifesto, a personal finance blog, where he writes about his family's relationship with money. Education: B.B.A. in Accounting from James Madison University.

Income Investing Guide: How to Invest for Steady Cash Flow Learn about income investing, which is a strategy to bring in cash flow from investments. Find out what types of assets can help you generate income. Checking Accounts vs. Savings Accounts: What's the Difference? Photo of Lance Cothern Lance Cothern Checking Accounts vs. Savings Accounts: What's the Difference? Opening a bank account gives you more power to manage your money... Power of Compounding: How It Helps Your Savings and Investments Photo of Lance Cothern Lance Cothern Power of Compounding: How It Helps Your Savings and Investments It may seem impossible to save or invest enough money to become a... IRS $600 Rule on Reporting Payments from Third-Party Apps Find out how you may be affected by the IRS rule on reporting payments from third-party services and what you'll have to do during the tax filing season. Business Prepaid Debit Cards: How They Work Learn how business prepaid debit cards can work to help you manage business finances and allow business owners to provide spending power to employees. How to Set Up Power of Attorney for Bank Accounts Photo of Lance Cothern Lance Cothern How to Set Up Power of Attorney for Bank Accounts Life doesn’t always go as expected. At some point in your life, you may become... Health Insurance Options for Retirees Under Age 65 Photo of Lance Cothern Lance Cothern Health Insurance Options for Retirees Under Age 65 Retiring before you turn 65 can be a great accomplishment. If you’ve retired early... Got a Raise? Why Your Paycheck May Be Less Than You Expected When you received a raise and realize that your paycheck didn't increase by much, learn how to find out why your gross pay was lower than expected. What to Know When Investing via Peer to Peer Lending Thinking about investing in loans through peer-to-peer (P2P) lending platforms? Find out everything you need to know before you include them in your portfolio. How to Use Schwab Index Funds to Build Simple, Diversified Investment Portfolios Photo of Lance Cothern Lance Cothern How to Use Schwab Index Funds to Build Simple, Diversified Investment Portfolios Building an investment portfolio may not be the easiest financial task. There...