What Is Your Money Mindset?

So many people have a mindset about money that is negative. They either don’t make enough of it or believe too many people are trying to take it. This thinking probably started a long time ago when they were children. In some households children were taught it was “impolite” to talk about money. In other [...]

Easy Ways to Lower Your Cost of Living

There have been many articles and books written about ways to lead a stress-free life, and a good many of those publications suggest lowering your cost of living as a good start. For average or even high earners, lowering your cost of living is an immediate way to get more money. Also, by lowering our [...]

How a Summer Job Can Teach Your Teen the Value of Money

The teen years are an important time to teach your children about the value of money. Between the teen years and adulthood the time goes by very fast. Lessons learned as a teen can go a long way in helping young adults to avoid pitfalls when it comes to managing money. One of the best [...]

Teaching Your Kids about Basic Economic Principles?

We all want the best for our children. Some of the most important life lessons we can give our kids are lessons about money. Financial gurus agree that in order to develop a sense of financial responsibility in children they should be taught to understand how our economy works at the most basic level. A [...]

Last Will versus Living Trust – An Explanation of the Difference

Preparing for our demise is on the top ten list of things we don’t want to discuss or think about. And yet, if you’re leaving people you love behind, it’s incredibly important to plan ahead. Taking the step to prepare a will or living trust is one of the most responsible and loving things you [...]

IRS Tax Penalties – An Explanation

The IRS doesn’t very much like it if you don’t pay your taxes on time. They’re not so understanding either if you’re unable to pay what you owe. To help deter people from paying taxes late (or not paying them at all), and to help cover their administrative costs, the IRS charges penalties and fees. [...]

SSI – Supplement Security Income – What Does It Do and How Does It Work?

What is supplement security income, and who qualifies for it? Basically it is money paid out each month by the government to people who meet certain criteria. Some call it a “welfare program” because it’s essentially free money. It differs from social security in that the people receiving it haven’t had to pay anything into [...]

The Disadvantages of Making Minimum Payments

When you’re living paycheck to paycheck, it can be tough to pay more on your credit card debt than the minimum payment. However, the numbers show that even if you can only afford to pay a few dollars more each month, you will drastically reduce your debt. Paying only the minimum means you’ll pay more [...]

PLUS Loans: An Explanation

Parents often want to help their children pay for college, but saving up the money isn’t always easy. When you’re just scraping by, it can be difficult to set aside money for future education needs. Some parents hope that their children will qualify for scholarships and financial aid that will get them through, but that [...]

Back Taxes – Essential Tips on How to File Late Income Tax Returns

If you owe taxes and have neglected to file a tax return it’s important to file a late income tax return. Let’s take a look at some of the rules, regulations and tips for filing back taxes. If you’ve yet to file, the sooner you can file, the better off you’ll be. You have two [...]

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