o matter how good (or bad) you may be at managing money, if you’re carrying a lot of personal debt, those bills can erode the value of your hard-earned income or savings. For most people, having a mountain of credit card debt and high-interest loans not only puts a dent in the monthly budget, it […]
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Q: You’ve previously said that getting student loans discharged in bankruptcy court is nearly impossible. I owe over $100,000 in student loans and have been in deferment for like 6 or 7 years. Is it true that if you don’t make any payments they get discharged after 7 years? I am very overwhelmed, stressed and
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The Earned Income Credit (EIC), also known as the Earned Income Tax Credit (EITC), is designed to help you keep more of your hard earned money. It is a refundable tax credit, meaning you could qualify for a refund even if you did not have any income tax withheld from your paychecks. This article explains who is eligible
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Many folks trying to reduce their credit card debt turn to credit card balance transfer offers to achieve their goal. But while such transfers can be effective when used judiciously, they do have potential pitfalls. Before you accept any new credit card deal, consider these 10 issues. THE GOOD You could save money The major benefit of a
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Q: I just read your interview in USA Today. How did you manage to pay off $100,000 in credit card debt in only three years? I owe close to $35,000 and feel stressed and overwhelmed. I’d appreciate any advice you can give me. Thanks!
How I Paid Off My Credit Card Debt Read More »
My husband, Earl, and I love to establish annual goals together as the New Year approaches. Some people call this process “making New Year’s resolutions.” We call it goal setting. Whatever the case, this yearly ritual helps keep us focused, it strengthens our marriage and goal setting often even saves us money. For all these
10 Financial New Year’s Resolutions Based on What I Learned the Past Year Read More »
Are you spending like the rich this holiday season – even if you’re not a millionaire? Many Americans are indeed engaged in over-the-top spending. But there’s one big difference between those from average-income households and individuals from truly wealthy families: the average consumer trying to “live large” is paying for those extravagant holiday purchases with
Spending Habits of The Rich and Not So Rich Read More »
What is the 1040EZ? The 1040EZ form (aka the EZ form) is the simplest and shortest form you can use to file your federal income taxes. Each year over 20 million people file this form, around 1 in every 6.5 federal tax returns filed. This article explains who can use it, the information required to fill
Tax Form 1040EZ Explained Read More »
The holiday season always puts me in a festive, giving mood – mainly because it reminds me of the importance of the importance of faith, family and friendship. In the spirit of the holidays, I’m going to be giving a $100 gift card to one lucky reader of AskTheMoneyCoach.com. This gift card comes compliments of
Win a $100 Gift Card Via The Money Coach & #WishForOthers Contest Read More »
When you’re shopping for a new car, conventional wisdom holds that it’s cheaper at year-end to buy the outgoing model year of a vehicle you want rather than the new incoming model year. The thinking is that dealers are more willing to negotiate in the months of November and December in order to move existing
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If you’re like the average American, you’re going to drop a nice chunk of change this holiday season while shopping for gifts, decorations, and other holiday-related items. In fact, the National Retail Federation says the average person celebrating Christmas, Kwanzaa and/or Hanukkah will spend $804.42 in 2014, up almost 5% from 2013 spending levels.
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As we head into the holidays, there is still time to convert your small business into an S Corporation which save you thousands of dollars in self-employment taxes. Who is a good candidate for this tax planning move? A business owner with over $30,000 in net income who is not already an S Corp.
Self Employed: How an S Corporation Can Save You Money Read More »
I get a lot of questions on AskTheMoneyCoach.com from people who want to improve their credit scores or fix issues with their credit reports. This doesn’t surprise me, since your credit can determine everything from your ability to rent an apartment to your auto insurance rates to whether you get hired for a job. If
The Truth About Your Credit Scores and Credit Reports Read More »
Saving money should be high on your list of goals, no matter what your current financial standing. Most people haven’t saved enough cash for a whole host of things – retirement, their emergency fund, paying for college, not to mention their own personal goals, such as buying a house or starting a business. To save
10 Tools You Should Be Using to Save Money Read More »
Whether you’re married or thinking about saying “I do,” one truth is worth remembering: your spouse is not a fixer-upper. At Christ Church in Montclair, New Jersey, Dr. David Ireland, pastor and organizational leadership expert, has long delivered biblically-rooted, practical guidance for healthy relationships. With more than 30 years of marriage to Pastor Marlinda Ireland
Your Spouse Is Not a Fixer-Upper: Marriage Wisdom from Dr. David Ireland Read More »
