If you have read much here at my site, you know I am a Christian and I believe in the 10-10-80 rule of investing. Simply put, it means you give 10% to God first, then 10% to savings (investing, retirement, etc) then you live on the remaining 80%. See my post about it to learn [...]
Did you know that if you had a real estate foreclosure in 2007, you may not have to pay taxes on any of the forgiven debt? This is new for the 2007 tax year. You see , usually when a house is foreclosed, the bank may not sell the house for enough to pay off [...]
Do you know what that means? It makes a difference when you are investing in mutual funds because anytime the funds managers sell some stock inside the fund, you may have a taxable dividend. This is especially important in non-retirement accounts. That is why you need to pay attention to something called [...]
I was reading something the other day that made me stop and think. It was some really good information and I hadn’t thought about it for a while. It’s kind of like when you smell something that you really hadn’t smelled in a long time, and it brings back a memory. I remembered a crucial [...]
Who gets the money and how much? That’s really what everybody wants to know, right? Well I have tried to “crack the code” on this stimulus rebate money and here are the facts as I understand them. I have to admit, the IRS has gotten a little better in explaining things, but still after pouring [...]
So it is Valentine’s Day, and you may think you should “buy” something for your sweetheart. (And maybe you should have). But maybe the best gift wouldn’t necessarily be something you paid a lot of money for? From a man’s perspective, or at least , this man’s perspective, you can do this without spending a [...]
I am not as experienced as many in using Wordpress, but I have seen 2 critical upgrades in the last month or so. It just seems to be a pain to do the upgrade so I found an easier way for the last one. I am not sure if this is the [...]
Have you heard of the FSA?
A Flexible Spending Account (FSA) is a tax-reducing program offered by many employers that allows you to pay for eligible out-of-pocket health care and dependent care expenses with pre-tax dollars. Since you are using pre-tax dollars to pay for certain health care and dependent care expenses, you get an immediate [...]
Get Turbo Tax at Amazon.com. You can get much cheaper than at the store!
If you have purchased a home in 2007, you may qualify for a new tax deduction. Many borrowers are required to purchase private mortgage insurance, or PMI, when they get a loan This insurance is required by the lender to [...]
That is a question that comes around most anytime. It is a very predictable question, and an important question to your personal finance. If you have a mortgage and interest rates are falling, should you refinance? How about when interest rates are rising and you know yours is higher than the current rate? How about [...]