Solutions to Make Better Decisions with Your Taxes and Money

Archives for July 2014

How Unemployment Affects Your Taxes

If you lose your job or otherwise become unemployed, one of the first things you should do is determine how your new financial situation affects your income taxes. Tweet this Take note of these areas that may change.

How Tax Brackets Work: Examples and Myth Busting

Updated for Tax Year 2015 What tax bracket are you in, and what does that really mean? Your tax bracket, roughly speaking, is the tax rate you pay on your highest dollar of taxable income. Your tax bracket is not the tax rate you pay on all of your income after adjustments, deductions and exemptions.

7 Personal Spending Pitfalls and How to Avoid Them

When it comes to controlling spending, sometimes everything seems to be working against us. There are so many ways to spend money – and so many reasons it’s difficult not to. It’s possible to take control of your spending, however. Many people have done it. Take a look at these personal spending pitfalls and how […]

Is Cancelled Debt Taxable?

If a credit card company or other creditor cancels your debt, that’s really good news, right? Such cancellation of debt usually happens when the creditor gives up on collecting the debt, or when the statute of limitations on collecting the debt runs out. Cancellation of debt is not all positive news, however. Aside from the […]

6 Offbeat Ways to Retire Early

If you really, really want to retire early, here are some ways to do it. In an ideal world, we’d all save money year after year until we had enough stashed away to maintain us in the style to which we have become accustomed. Then we’d retire, secure in the knowledge that we’re set for […]

Should College Savings Be in My Child’s Name?

Should you save for your kids’ college education in your own accounts, or put college savings in each child’s name? Getting started saving for college can seem daunting. You have to decide how to save, how much to save, and how to invest. You may choose a tax-deferred plan or any other investment. Before you […]

11 Simple Gardening Tips That Will Save You Money

Food prices at the grocery store are higher than ever. If you’ve looked at the price of tomatoes and thought you could grow food for less money in your garden, you’re probably right. If you want to grow a garden that saves a significant amount of money, however, you have to plan ahead. Going into […]

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