7 Profound Personal Finance Practices to Follow

File your own taxes: Taxes for most individuals are not too complicated. You may require an accountant to file your taxes only if you have a number of deductions to claim, rely on income from multiple sources, or have special tasks to accomplish, such as writing off a part of your office or home.

But most taxpayers will not have such requirements and they can file their own taxes with any user-friendly tax-prep software program. So instead of spending a substantial amount to use the services of a tax pro, consider filing your own taxes. It will only take you a few hours (or about 30 minutes), and you will master it if you do it once on your own.