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THIS DAY IN HISTORY
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July 3, 1996:
Merging of Railroads. On this day in 1996, railroad giants Union Pacific and Southern Pacific merged after a year of legal and political problems. Many voiced concerns over this merger, especially shipping merchants and consumers who feared this would curtail competition making transportation costs higher.
FINANCIAL HUMBLENESS CHANGED THEIR LIVES!
We do a deep dive into how our clients served were helped with their financial goals. Read More.
VIEW OUR PRIOR NEWSLETTERS
XNE Financial Blog
Do you enjoy reading the financial news in our monthly newsletters? Would you like to receive weekly financial news, tips and more? If yes, check out our new XNE blog to get the latest on economic trends and money updates that matter to you!
COME FOLLOW, LIKE AND CONNECT WITH US
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COMING SOON...
XNE @ Home
It is our pleasure to reintroduce XNE Financial Advising's most rewarding referral program - XNE at Home. Through XNE at Home Referrals program, XNE brings the wisdom, advice and instruction on how to turn your financial house around directly to you, your family and your closets friends, all in the comfort of your home.
The Road to Financial Freedom
Traveling Workshops
XNE Financial presents The Road to Financial Freedom (TRFF). TRFF is a traveling workshop owned, prepared and executed by XNE Financial advisors. We provide one, two and three day workshops to entities looking to educate and train stakeholders on the importance of creating and maintaining a financially fit life. This is a great opportunity to invest in the people who are at the foundation of the success of your organization.
We Wan to Hear From You!
Client Satisfaction Survey
XNE will be launching it's first client satisfaction survey to give our clients an opportunity to let us know how we can better serve you!
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| Could You Survive a Pay Cut? 
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Did You Know?
For the 17th consecutive month, we're listed in the
Top 100 Personal Finance Experts to follow on Twitter! If you're on twitter and want to follow the conversation, just follow us.
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| COULD YOU SURVIVE A PAY CUT?
Let's just be honest, let's just be real, no one wants to think about money in a negative fashion or having less of it but could you survive a pay cut if it happened next payday? If your direct deposit from payroll was 5 or 10 percent shorter than the norm, how would you cope? We ask this question because each time someone takes a new job it could be a lateral move from an income perspective or a pay cut forced onto the individual but we all seem to find a way to make it work on the first few paychecks (pay increase or decrease, we make it work). New pay, new benefits, new travel arrangements, we make it work so we can throw out the excuse about having enough money.
Theoretically speaking, as of June 2015, there's 59% of the population or approximately 149 million people in the United States surviving a pay cut. This is due to taxes and benefits, your gross pay is X and your net pay is Y, case in point:
Gross Paycheck $2,100.00
Deductions:
> Federal Income Tax $194.00
> Medicare $28.13
> Social Security $120.28
> State Withholding $58.20
> Health Insurance $120.00
> Dental Insurance $10.00
> 401K/403B Retirement $105.00
Net Paycheck $1,458.20 (69% of gross paycheck)
In the example above, the individual is living off a 31% pay cut (100 percent minus 69 percent). If they've become accustom to such net paycheck for a while now, what's another 5% cut worth from the gross: New Net Paycheck $1,353.20 a difference of $105 per pay.
Challenge yourself to live off of 5% less than you current gross for one month then push it up to 7.5% two months thereafter! To find the percentage of pay you take home, just divide the net paycheck amount into the gross amount. Budget as if the direct deposit or paycheck is 5% less based on gross (take your gross paycheck amount and multiply it by 0.05, take that amount and immediately place into a savings account).
Feel free to add you're thoughts and comments OR ask any questions via our
Facebook Page
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YEAR-AROUND TAX PREPARATION
2014 TAX SEASON has ended and retail tax preparation companies around the country have closed for the rest of they year but not us...we'll be here year-round and ready to serve at an email or call's notice! See below our fees by clicking on the Tax Flyer for individuals and businesses which remains lower than the National Average of $246, H&R Block $178 and LibertyTax of $198 by clicking on the Tax Flyer. Our Tax Preparation Flyer If you have any personal tax questions feel free to contact us or visit our updated tax preparation page Tax Preparation Overview to get started today! We're an IRS Registered Tax Return Preparer and Annual Filing Season Program Participant so contact us today! |
ABOUT US
XNE FINANCIAL ADVISING, LLC is a private corporation that focuses on core financial management for individuals and small businesses. An independent, fee-base firm incorporated in the state of Virginia that provides services to individuals and businesses on financial and business management matters with concentration of clients inside the tri-state area of the District of Columbia, (DC, MD, and VA) with a growing concentration in other states.
Since 2011, XNE Financial Advising has assisted more than 330 individuals and small businesses with financial and tax analysis. The company continues to add and enhance services that supports clients in various occupations. In October 2014, the company reached a new tax preparation record by processing more than THREE quarters of a MILLION dollars in Federal and State refunds for clients.
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