Do you gamble a lot? Have you been incurring losses? Find out if you can deduct your gambling losses and how to report it on your tax return.
Smoothing Out Market Fluctuations Using Dollar Cost Averaging
December 21, 2010 By
Most of us who have savings in our retirement plan are probably investing them in mutual funds. The stock market always fluctuates causing the mutual fund share prices to change periodically. Trying to time it so you can buy when it is low would be really hard for most investors. Please keep in mind that [...]
Four Months Blogging and The Yakezie Challenge Homestretch
December 16, 2010 By
Whew, I can’t believe that I’ve been blogging for four months already. I published my first article on August 16, 2010 and have posted around 70 articles including this one. I can say that it’s been fun but pretty hectic and very discouraging at times especially when I rarely have visitors let alone readers in [...]
7 Things I Usually Do Before I Travel Abroad
December 14, 2010 By
My wife’s family is in the Philippines and it’s been years since she celebrated Christmas and New Year’s with them. The last time that we traveled to the Philippines was two years ago and this was because her father passed away. We were able to spend only 10 days there due to her school and [...]
Our Frugal Ways: Move Closer to Work
December 10, 2010 By
We are a couple with no kids yet living frugally on a single income. My wife is currently not working in order to concentrate with school to finish her bachelor’s degree and she is on track to graduate next year. Hopefully, the economy and job market will look a lot better than this year. On [...]
Items You Can Deduct on Schedule A
December 8, 2010 By
Tax deductions are items that help you reduce your taxable income before your tax liability is calculated. There are two types of deductions namely: Above the line deductions – which we already discussed on our previous post. Below the line – (personal exemptions, standard deductions or itemized deductions) On this post we will be discussing [...]
Top Benefits of A Costco Membership
December 6, 2010 By
Most frugal people can say that shopping at membership warehouse stores such as Costco membership, Sam’s Club and BJ is one way to save on expenses. A lot of these stores offer a variety of item from produce, dairy, electronics, household, personal, clothing, etc. So for some shoppers, this can pretty much be a one-stop [...]
Loans From 401k: What You Should Know Before Borrowing
December 1, 2010 By
There comes a time that you may be in an emergency and you may need money immediately. Sometimes, you may have nowhere to go except tap into your retirement plans such as your 401k plan. You may be able to take a 401k loan or 401k hardship withdrawal. The difference between a loan and a [...]
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