Having a disabled child can be very expensive. For this reason, Social security is available to children under 18. If your child is disabled, he or she may qualify for social security disability payments. There are many requirements to qualifying. First the child must have a mental or physical disability that seriously limits his or […]
With the most expensive colleges in the United States costing $60,000 plus per year, the total investment to send a child off to get a higher education can easily top $300,000. Given this is the same price as a nice well equipped home in many areas people are becoming more interested in the return on […]
Many people look to buy stocks that pay dividends because they think this will provide income in retirement. The author Dr. Kim a respected economist argues that dividends are not the way to get income from stocks. In examples he shows that selling stocks is preferable to income through dividends. Dividends are taxed at a […]
There seem to be fees everywhere and for everything we do, whether hidden or openly declared, they can add up to a significant amount over the course of a year. There are six places to really watch out for them: credit cards, debit cards, investments, bank accounts, memberships and subscriptions, and traveling. Being aware of […]
Extraneous spending is often the result of a person’s emotional state of mind. Therefore, having an awareness of what emotional triggers cause an individual to spend can be an important initial factor in working toward better money management. These triggers can range from seemingly good experiences to less than positive moments. As such, they include […]
Money problems are not just for the middle aged and the middle class. Millennials are experiencing money problems like never before. Between their desire to keep up with the ‘Jone’s’ to astronomical student loan debt, millennials are drowning in money woes. Between joblessness, underemployment, and rising prices and more it is much harder to get […]
When you pay your taxes, make sure to include the amount of interest you paid on your student loans last year. That amount is deductible — you can save up to $625 depending on your tax bracket. You need to save money while paying off your student loans. Contribute to your 401(k) the minimum amount […]
Health Savings Accounts are a good way to set money aside and are typically offered to those with a high-deductible health insurance policy. The contributions made are deductible just like payments made into a 401(k) however withdrawals are tax free. According to HSACenter.com some other great benefits include using the account to meet your deductible; […]
Money and where it goes presents a never-ending challenge for some of us. We relate to stories about debt, read savings tips, and cut coupons. Many of us don’t have the cash on hand to cover even modest unexpected expenses. Begin tackling that never-ending challenge with the 30-day money challenge. One way to get a […]
There are ads on TV and in print that claim you can file your taxes free with their company. If you go to those online services, you will find their federal form is free and all other forms or software is expensive and can be confusing to prepare. The IRS has 90,000 volunteers who prepare […]
