Brand New Look for My 15-Year Old Car And How I Save Money On This

As part of our frugal ways, my wife and I share only one car and we were able to do so by deciding to move closer to where I work. This way, neither one of us has to take the public transportation. I have taken care of the “mechanical” aspects of my car by following […]

Donate or Sell Broken Car?

What happens if the cost of repair is more than the cost of the car? Would you give it up or have it fixed? This was the dilemma that my friend was facing. One of the car that he drives needed some repair but it turned out that it would cost him a lot of […]

The Pair of Shoes That Made My Wife’s Day!

The months of July, August and September are probably the busiest months for us when it comes to our social life. These are the months that most of our friends, godchildren, and relatives are celebrating their birthdays. As part of our frugal shopping ways, we always try to shop for gifts during the holiday sale […]

My Employer Has Restored the 401k Matching Contribution

A few months ago, my company has been looking to cut cost in order to balance their budget. I guessed, I can say that to most companies during the economic downturn. The company does not have any plans of laying off people and we are also in a hiring freeze except for the critically needed […]

Need A Down Payment For Your House? Your City or County May Have Free Money For You

Most bank are requiring you to put in a down payment when buying a home. Gone are those days where you can get zero down payment or borrow second mortgages as your down payment if you are obtaining conventional mortgages. Nowadays, it’s either you saved up for it, borrow from your retirement funds (401k, IRA, […]

My Sister Just Bought A Newly Built Home: The Good and The Bad

My sister just bought the newly built home three weeks ago. I know that she always wanted to buy a new one so she has flexibility when making customization on the house. So this past weekend, my nieces and nephew stayed in our apartment so that my sister and her husband have some breathing room as […]

Early Withdrawal From IRA (Traditional): 9 Ways To Avoid the 10% Penalty

A distribution is considered an early distribution if it is made before you reach the age of 59 1/2 years. When you make an early withdrawal from IRA (Traditional), the funds will be included in your gross income and you will have to pay taxes on that. Please note that all distributions are subject to […]

9 Quick Facts About The Traditional IRA Contributions

In general, contributions to a traditional IRA can be deducted from your taxable gross income, thus, helping you save money on taxes. However, if you are covered by retirement plan at work, the tax deductions may be reduced or phased out depending on how much your gross income is for the year. While most people […]

3 Big Reasons Why You Should Save For Your Retirement

People have various reasons on why they prolong saving for retirement and majority can be attributed to the 3 poor savings habit. As an example, a lot of young people take retirement for granted easily because it is really hard to think what you’re going to do 20 or 30 years from now. They would […]

Business Plan: Why You Need One For Your Home Based Business

If you are just starting a home-based business, one of the questions that you may be asking yourself is “Do I really need a business plan?”  It’s just a home-based business and not a big conglomerate with huge revenues and a large customer base. Well, the answer is a BIG YES!! A business plan should […]

Home Business Start-up: Tax Payment Issues

As a business owner, you also need to be aware of the types of taxes that you have to pay. You do not have to pay all the taxes discussed in this article because the other taxes varies depending on how you operate your business such as whether you are selling products, hiring employees, or […]

Home Business Start-Up: Business Accounts, Insurance and Financing

After you’ve decided on the type of entity that you’ll operate for your business and filed the necessary business documents such as business licenses and permits, the next step would be working on more administrative part of your business. When operating a business, there are a few more administrative task that you have to complete. […]