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Tax Faq: Answers To Basic Questions About Taxes
* What is a W-2 form? The W-2 is a form that an employee receives from his or her employer once a year. It is also sent to the IRS at the end of every year. The total annual wages paid and the taxes that the employer withheld from each paycheck are shown on the W-2 form. Federal law states that the W-2 form must be mailed by January 31st of each year. It consists of six copies: Copy A Submi......
Online Savings Accounts – Top 10 Tips To Grow Your Money Faster
You might think that savings accounts don’t really help save much, even though their name suggests so. However, this is misleading. While they may not compare to other high yield options like mutual funds or stocks and shares, they can provide a safe, effective and risk free way of growing your money fast. Here are the top 10 tips to making high interest savings accounts work for you! ......
Tips To Maximizing Your College Budget
College fun cost money. Unfortunately for many, they miss out on the ‘fun’ because they have a tight college budget. There are simple steps students can take to avoid college debt while having a good time at school. If you follow a simple student budget, you will have more money available to afford the activities that make college an experience you’ll always remember. Wh......
Taxes Q&a: Understanding What Is And Is Not Taxable
* Is Social Security retirement income taxable? Social Security retirement benefits are taxable, although it depends on your total income and civil status. Federal law states that an individual must pay taxes if he/she has annual Social Security retirement income of more than $25,000. If he/she has a married status, they must pay such taxes if the income is more than $32,000. However, if the......
Holiday Shopping: Good For The Economy, But Bad For Your Credit Card Balance
Pretty soon holiday shoppers will be setting the alarms to hit the department stores at 5am. The predictions for this year’s holiday spending are already underway as retailers and consumers gear up for a holiday shopping bonanza. You may wonder, “Why bother with holiday shopping predictions? What does it all mean anyway?” Well, knowing the expected holiday shopping dent mea......
Say “bah, Humbug!” To Holiday Debt
Ah, the holiday season! Turkey and dressing, pumpkin pie, Santa hats, jingle bells, and lots and lots of eggnog make the season a delight. But all fun and reindeer games aside, you have to be careful to make sure you don’t wind up as poor as Tiny Tim! Americans can spend as much as $1,000 a year on gifts for family and friends. That is a big chunk of money that can hit you pretty hard ......
Advice On Saving Money
With the continuing rise of unemployment, soaring of prices of basic commodities, we tend ask ourselves on what are some tips of saving money. We browse the net, find experts to give the best way to save money, listen to television or radio program who are discussing tips of saving money. You are eager to hear advice on saving money. That is how we are eager to learn some things that could b......
Brits ‘addicted’ To Saving
Britons are increasingly looking to save money as they are evermore preparing for their financial future, new figures reveal. In research released in NS&I’s Quarterly Savings Survey, some 20 per cent of those who regularly put money away confess that they are saveaholics – as they are setting cash aside at every possible opportunity. Meanwhile, just over a third (35 per cent)......
A Royal Road To Frugal Living
Many excellent articles have been written offering useful, innovative tips on ways to save money. We’d like to take a different approach. Let’s look at what we call the “philosophy of frugal living.” Don’t confuse “frugal” with “stingy”. What’s the difference? If you’re being frugal, you make use of the coupon in your Ente......
No Saving Grace?
I think the Secretary of the Treasury should issue a warning that having children is hazardous to the health of parents’ finances. In self defense we should teach our children about saving money as soon as they’ve swallowed their first penny or had their first visit from the tooth fairy. My younger son was a fast learner. He started his own business at age seven. When his older ......