Why Small Business Owners Should Have an Emergency Fund

The best thing about running a small business is that you aren’t limited to receiving a certain amount of income each month. You can have a phenomenally successful month if you get even one more new account, a repeat business deal, or find a new income stream. The downside is that some months can be slow. (Keep reading →)

State of My Finances and The Benefits of Credit Cards

There are a lot of strategies for reducing debt. My goal, which I hope to achieve in the next 6 months, is to have paid off all my credit card outstanding balances. Once that is paid off, I will start working on paying off my small mortgage of undergrad and grad student loans. (Keep reading →)

Citibank and Privacy

Did you know that credit cards can randomly change your plan because their marketing department decides you’re a good candidate for their new card?

Well, apparently, it’s true. I went online Friday to make an online payment to my account and received an error message saying I’d have to call a number. So I called, hoping that it was just a technical glitch… (Keep reading →)

Time To Buy A Shredder (And For Cheap!)

After reading how tearing up credit card applications is not enough, I was motivated to go buy a cross-cut paper shredder. (Cross cut means the paper ends up as confetti rather than strips.) So today I headed into Staples to find my new machine. (Keep reading →)

Top 5 Missed Tax Deductions

To counterbalance my last post on audits, here are CNN Money’s top 5 missed tax deductions. (Keep reading →)

Think You Can't Be Audited? Consider This…

I’m not speaking from personal experience here, but a nifty article over at the Motley Fool reminds us that the IRS has been cracking down on delinquents.

Here are their top 5 audit myths or ‘I won’t get audited because (insert common audit myth here).’ (Keep reading →)

SEPs: Retirement Planning for Small Business Owners

As a small business owner, I’ve been mulling over retirement options for the last year or two. Until last week, I was simply gathering information and trying to figure out just what options would be best. (Keep reading →)

Amazon will offer Fidelity Financial Services on Site

According to Reuters, Fidelity will sponsor a financial services store on Amazon.

That apparently means they’ll be offering their 380+ funds and other financial services to Amazon customers - and in particular, those lucrative baby boomers headed for retirement. (Keep reading →)

One Fourth of Eligible TaxPayers Miss Education Related Tax Breaks

According to Marketwatch, there are at least 10 different tax breaks related to education. Yet one-fourth of elibible taxpayers neglect to take the credits.

The article states that the money lost is a relatively small amount ($169 on average). Still, tuition and fees deductions can take off as much as $4000 in taxable income. (Keep reading →)

Debit Cards Freeze Up Funds In Your Bank Account

According to MSN Money, if you fill up your gas tank and pay with your debit card, the bank may freeze up to $75 in your account for up to 72 hours.

Because only PIN-based transactions are processed immediately, transactions where you don’t enter you PIN are batch processed sometime later. (Keep reading →)

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