Taxes, investments, loans, housing market and so much more…we can actually tell you that various aspects of personal finance have changed a lot this year. Anyone, looking forward to stay right on track as far as their finances are concerned – should duly acquaint themselves with the latest trends in finance that will eventually end up impacting their personal finance planning as well.

So, do read on in order to unravel the biggest personal finance trends this year.

Taxes: Understanding the “Real” Benefits  

Donald Trump in his Presidential bid had said that he would seek to simplify Federal taxes. The new tax bill, it has been opined will not really go on to benefit the majority of Americans out there – especially if you’re considering the taxes calculated throughout the year. That’s primarily because tax breaks are largely subject to individual situation. In fact, the whole concept of doubling the standard deduction is only appealing if you are yet to realize that your personal exemptions are totally gone. Even if you have a child, the bigger child tax credit will not really remove the value of personal exemptions (worth $4,000) that you will no longer receive. You can only understand that the impact will be more intense with a bigger family in question.

The Rise of Green Money

That’s perhaps the most heartening trend that we can possibly talk about here. Talk about the paperless online loans or for that matter the green bonds – we can only imagine that we are staring at a more enduring future of green money. While online loans have been a phenomenon for quite some time now – there aren’t many who are aware of what green stocks and green credit cards are. Let us tell you that they work in similar ways whereby the companies (whose credit cards you are using or stocks you’re investing in) end up giving a part of their earnings to fund green projects.

In the coming days, sustainable finance is clearly the way to go!

Home prices are likely to be steadier

What we mean to say is that they are likely to become moderate. These assumptions have surfaced even as the rates of interest continue to spike. The rate of interest has been on a steady increase quite simply because of the fact that the inventory is a bit tight amidst rising demand. In the near future, however, it has been estimated that the inventory will become a bit more flexible thereby resulting in plummeting prices.

If you’re planning to invest in a home, then do make sure that you are keeping a close watch on the regional trends. Some areas might as well continue to witness a surge in demand. So, if you’re ready to reside in the suburbs, you can expect to shell out lower costs. For financial experts, however, this is definitely a good time to pocket a good deal. Be in regular contact with people working in the housing market.

These are the most dominant financial trends to have emerged in recent years.