Don’t Rely Solely on a Single Income Until You've Checked for Unclaimed Assets and Taxes

Kelly Cooke
Published Mar 12, 2025

Don’t Rely Solely on a Single Income Until You've Checked for Unclaimed Assets and Taxes

Unclaimed assets are more common than you might think.

They can include forgotten bank accounts, uncashed paychecks, unredeemed stocks, bonds, and even insurance payouts.

Many people are unaware that they are entitled to such assets, often leaving them unclaimed for years.

These overlooked resources could significantly supplement your income and ease the pressure of relying solely on one paycheck.

 

Unclaimed Tax Refunds: A Windfall Waiting to be Reclaimed

Similarly, unclaimed tax refunds represent a substantial pool of money waiting to be reclaimed.

Each year, millions of dollars in tax refunds go unclaimed simply because individuals fail to file their tax returns.

These unclaimed refunds can result from various factors, such as changes in income, overlooked deductions, or simply neglecting to file.

By taking the time to review your tax situation, you may uncover a windfall that can alleviate financial strain and provide breathing room for your family budget.

 

Assess Your Debt-to-Income Ratio

So, when should you consider exploring these alternative sources of income?

While there's no one-size-fits-all answer, a good rule of thumb is to assess your debt-to-income ratio.

Financial experts often recommend keeping your debt-to-income ratio below a certain threshold to maintain healthy finances.

As a guideline, aim for a debt-to-income ratio of 36% or lower. This means that your total monthly debt payments should not exceed 36% of your gross monthly income.

 

Take Action: Explore Unclaimed Assets and Tax Refunds

Before committing to supporting your family on a single income, ensure that your debt level aligns with this recommended ratio.

If your debt surpasses this threshold, it's crucial to explore additional avenues for financial support.

This is where unclaimed assets and tax refunds can play a pivotal role in bridging the gap and providing much-needed relief.

 

Easy Steps to Claim Unclaimed Assets and Tax Refunds

Fortunately, claiming unclaimed assets and tax refunds is easier than you might imagine.

Various online resources, including state treasury websites and the Internal Revenue Service (IRS), offer tools to help you search for and claim any unclaimed funds owed to you.

By investing some time and effort into this process, you could uncover valuable resources that significantly improve your financial outlook.

 

Conclusion: Secure Your Financial Well-being

In conclusion, while supporting your family on a single income can be challenging, it's essential to explore all available options before resigning yourself to financial strain.

By checking for unclaimed assets and tax refunds, you may discover a hidden source of income that can alleviate debt and provide much-needed stability for your family's future. 

Take the initiative today to secure your financial well-being tomorrow.

Must Reads:

Related Articles

Is the Government Holding Money for You? Check These June 2025 Payouts...

Every year, billions of dollars in benefits go unclaimed—not because people don’t qualify, but because they don’t know they do. June 2025 is no exception, with multiple government-b...

Louisiana to Distribute Over $34 Million in Unclaimed Property Checks on May 30, 2025...

The Louisiana Department of Treasury is set to mail approximately 143,000 unclaimed property checks totaling over $34 million on Friday, May 30, 2025. This initiative follows a data ma...

Find Unclaimed Property in Michigan: Free, Easy Search for Residents...

If you’ve ever forgotten about an old security deposit, uncashed refund check, or inheritance, the state of Michigan might still be holding your money. Thanks to an update to the Michigan Unclaim...

South Carolina State Treasurer Launches “Palmetto Payback” to Distribute Over $600K in Unclaimed Funds...

More than 3,800 South Carolina residents may receive unexpected checks this month as part of a new effort by the State Treasurer’s Office to return unclaimed pr...

Inflation Relief Rebate 2025: How to Get Your $400 Stimulus Check...

With inflation continuing to push prices higher and household budgets tighter, the state of New York is taking direct action to ease the burden. Governor Kathy Hochul has confirmed that the long-awaited N...

Pensacola and Colorado Residents Reclaim Millions in Unclaimed Property as Inflation Soars...

In the middle of inflation-driven financial stress, rising grocery bills, and growing rent prices, a surprising form of economic relief has landed for thousands of Americans—so...