There are four main types of deposit accounts offered by banks that you can use to save money for your financial goals. Depending on your needs, one or more of the accounts may be an ideal way for you to save your money whether you have specific financial goals or just want to build a … Read more Deposit Accounts: Different Types of Bank Accounts
With so many different types of insurance policies available to consumers today, it is often difficult to determine which are necessary and which are a waste of money. As a general rule, insurance is the type of protection you purchase with the hopes of never having to use it. No one wants to be in … Read more The Basics of Short Term Disability Insurance
One of the benefits of buying a home is that you can deduct the mortgage interest you are paying on your loan. Since the inception of the income tax in 1913, the mortgage tax deduction is still one of the most popular deductions for homeowners. Generally, all mortgage interest can be deducted from your federal … Read more Home Mortgage Interest Deduction: How It Works and the Big Myth
A qualified distribution is a withdrawal from a retirement account that does not result in an early withdrawal penalty. For retirement accounts that are generally withdrawn on a tax-free basis if the withdrawals are made when the account owner is the appropriate age or for certain exceptions, than a qualified distribution from that retirement account … Read more What are Qualified Distributions?
It can be tempting to chalk up all your entertainment expenses as business expenditures but you must resist the temptation or face the music from the IRS. Small business expenses do have rules and if you break them, you could find yourself in tax trouble. Entertainment expenses including those for meals out are sometimes the … Read more 5 Guidelines for Deducting Entertainment Expenses from Your Small Business
There are many families these days living on tight budgets and in many cases, even the income they are earning each week is still not enough to make ends meet let alone do much of anything else. Living on a limited budget is not impossible but it does involve sacrifice and creativity. How to Make … Read more 10 Tips for Surviving on a Limited Budget
Anyone watching the latest trend in reality television probably has drooled a little bit after learning people are saving hundreds of dollars on their grocery/shopping bills by clipping a few (thousand) coupons. Some of us might even be envious and consider taking up the couponing lifestyle themselves. Who wouldn’t want to get cartloads of groceries … Read more Extreme Couponing: 6 Reasons It Will Not Work for You
In reaction to the financial crisis, the Federal Government instituted changes within the financial industry. Banks have reacted to this and passed along some of the expenses associated with the new regulations, even things like maintenance fees to simply have a bank account. Many bank customers are unsure of where to turn when dissatisfied with … Read more Why Haven’t You Ditched Your Bank for a Credit Union?
While many people relocate for the purpose of pursuing a new job, relocation can be an alternative for just about anyone who is looking for a lifestyle change, a decrease in living expenses, or who plan to move to be closer to family and friends. Whatever the reason you are considering a relocation, there are … Read more 8 Relocation Costs to Consider Before Moving
Like buying a home, selling one could be one of the biggest decision in your life. It is important to understand all the rules and factors to consider when selling your home, because knowing what to do and doing them right could save you thousands of dollars. When the time comes to sell your home … Read more Capital Gains Tax Rules on the Sale of Your Home