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 and we normally go to outlet stores. Â Not only that stores … [Read more...] about The Pair of Shoes That Made My Wife’s Day!
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 staff. However, what they did was the company stopped the matching contribution to my … [Read more...] about My Employer Has Restored the 401k Matching Contribution
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, etc) or qualify for FHA loans, which offers zero to 3.5% down … [Read more...] about Need A Down Payment For Your House? Your City or County May Have Free Money For You
My sister just bought theÂ 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 they try to shop around looking for furniture for their new home. It's good … [Read more...] about My Sister Just Bought A Newly Built Home: The Good and The Bad
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 will agree that a Roth IRA is a better option, this may not be … [Read more...] about 9 Quick Facts About The Traditional IRA Contributions