Stopping Spending Waste

Spending waste almost sounds like the beginning of a joke. However, almost all of us are guilty of spending money we shouldn’t spend. Hence, stopping spending waste is the real deal. In financial speak, waste is spending money on things you may not actually need or worse, on items you could care less about. This happens because people do not pay attention to their shopping habits. Read More…


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How to Save Money

To slide into this very good habit all it takes is a process called commitment. Once you commit to saving money, you will begin to develop and adopt what some people term as an efficient savings system. You’ll know you have learned how to save money efficiently, the growing will show in your net worth. Think practically. Read More…


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Learn About Investing and Finance

Investing and finance may sound like a world unto its own, but it can be mastered with relative ease. All one has to follow are 5 general principles. I say that based on my past experience as a stock broker, real estate broker and mortgage banker.
I am not bragging about my experience I’m saying these principles apply to all investing and finance arenas. All you need is the discipline to put them in place and then follow them. Go Home…


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Checking Account Basics

Checking accounts can be opened at any number of financial institutions. If you have a checking account, you already know you can deposit money with them and withdraw it at a later date. This feature makes them extremely valuable as it allows us not to have all of our cash with us everywhere we go. Read More…


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Tax Tips Today

Tax tips come in a variety of shapes, sizes and value. It seems every guru who can spell tax has tips for sale. However, the best tax tips may be in front of your eyes as you prepare your return. In fact, read this and become a little more savvy next tax time around. Read More…


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Credit Reports Explained

Credit reports may look different but they are alike. That may sound like a contradiction of terms but it isn’t. All credit reports regardless of the agency issuing them contain the same information. Hence, they are all alike. Read More…


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Start Budgeting Your Money Better

Everyone has heard the word budget. Unfortunately not everyone knows what a budget is or its intended purpose. Read More…


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2009 Federal Income Tax Deductions

If you are one of those generous people who donated to help Haiti, you can deduct the 2010 Haitian Relief Donations on your 2009 Return.

According to the IRS, you can claim 2009 deductions for Haiti relief donations made between Jan. 12 and Feb. 28, 2010. The IRS defines cash donations as those that include contributions made via check, money order, credit card, charge card, debit card, phone or text message. This is pretty much their standard definition.

If your donation(s) were under $250, you need either a bank record such as a cancelled check or credit-card statement or a receipt from the charity to prove your generosity. If your donation(s) were $250 or more, you must have a receipt from the charity.

Some people donated using their phone or by a text message. The IRS says a service provider bill showing the name of the charity, the donation date, and the amount is sufficient proof. In order to deduct these charitable contributions, you must itemize your taxes. For more information to help save your money at tax time check out Tax Tips and Tax Reduction Tips today.


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Avoid a Low Credit Score

Avoid low credit scores at all costs. Poor credit scores cost you money. That is more than just a half-hearted statement. It is pure fact. Since most of us use credit to buy homes and automobiles for example, we sometimes forget we use credit for other purposes. Read More…


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Non-deductible Deductions

Many taxpayers confuse spousal and child support with alimony. Of the three, only alimony is deductible. It is considered income to the recipient and an expense to the payer. All of us wish we could deduct spousal and child support expenses. We’d probably never owe a dime in taxes if that was the case. Read More…


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