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Dave Ramsey’s How to Drive Free and Retire Rich

Dave Ramsey's How to Drive Free and Retire Rich 1

I recently came across the How to Drive Free and Retire Rich on Dave Ramsey’s site. It basically said the normal way of thinking about car ownership is all wrong, and there is a better way to go about this. Dave Ramsey proposes that you save your money first, invest, and use the proceed to … Read more Dave Ramsey’s How to Drive Free and Retire Rich

40+ Ways to Save Money, Lower Your Bills, and Cut Expenses

40+ Ways to Save Money, Lower Your Bills, and Cut Expenses 6

One of the quickest ways to improve your finances is to reduce your expenses and find more ways to save money. This article is a compilation of various money saving ideas curated into one big list. The idea behind this list is that you can go down the list and pick out ideas and apply … Read more 40+ Ways to Save Money, Lower Your Bills, and Cut Expenses

A Dollar Saved is Better Than a Dollar Earned

“A penny saved is a penny earned” is a famous phrase often attributed to Benjamin Franklin. However, Ben never said these exact words (at least according to the Franklin Institute, and if he did, he would be wrong! A┬ápenny saved is much better than a penny earned.┬áThis is one reason why being frugal is such … Read more A Dollar Saved is Better Than a Dollar Earned

How to Improve Your Cash Flow

How to Improve Your Cash Flow 15

I believe that cash flow is one of the most powerful concepts in personal finance. People have a general feel about their personal finance — e.g., whether they are comfortable or are struggling. Unfortunately, not too many people truly understand cash flow and how important it is to your finances. When you understand the concept … Read more How to Improve Your Cash Flow

Your Paycheck: Tax Withholdings and Payroll Deductions Explained

Your Paycheck: Tax Withholdings and Payroll Deductions Explained 27

When you first start a job, it’s exciting. You agree on a salary, and you are thrilled that you will soon be getting paid. If your salary is $40,000 a year and you are paid every two weeks, you might be expecting $1,538.46 each check (i.e., your salary divided by 26 pay periods). Unfortunately, this … Read more Your Paycheck: Tax Withholdings and Payroll Deductions Explained

How Do Marginal Tax Rate and Effective Tax Rate Work

In this article, I will explain a few basic tax concepts related to our Federal income tax system that includes Tax Brackets, Marginal Tax Rate, and Effective Tax Rate. In the United States, we have a progressive tax system where people who earn more money generally pay more. Tax Brackets There are seven Federal tax … Read more How Do Marginal Tax Rate and Effective Tax Rate Work

2019 IRS Tax Tables: Federal Income Tax Brackets and Rates

The following article contains information about the federal income tax rates for 2019. You’ll use these tax tables to help you calculate your 2019 taxes in early 2020. Federal Income Tax Rates (2019) The table below gives you the marginal tax brackets for single, married couples filing jointly, and head of household. Marginal Tax Rate … Read more 2019 IRS Tax Tables: Federal Income Tax Brackets and Rates

12 Expenses You Could Negotiate for a Better Deal

12 Expenses You Could Negotiate for a Better Deal 36

In many cultures around the world negotiation is a part of every day life. No one pays the listed price for an item; you haggle until an agreement is reached. In American society this is practically unheard of. We tend to see the price tag, determine if we can afford it, and swipe the credit … Read more 12 Expenses You Could Negotiate for a Better Deal