Tips for Personal Finance

Monitoring income and expenses is a tedious process that requires patience and foresight. While it may be dull to balance your checkbook and ensure bills are being paid, the security provided from managing your money is priceless. By employing a few simple techniques you can make the process both easy and enjoyable. When I first…

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Five Best Steps in Personal Finance

Everyone want to be ensured of their future especially in the aspect of finance. Money and liquidity is very important to live a decent and normal life today. Personal finance allows anyone to experience a good life in the present and at the same time prepares the future in terms of financial planning. Personal finance…

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What Tax Deductions Can You Rightfully Claim?

Tax time and comprehending our deductions can be an overwhelming task for some, especially non-accountants and non-tax attorneys. We are torn between taking the standard deductions or itemizing them. Let us tackle item per item the definition of each, examples of deductions, requirements, and advantages of claiming them. When the water gets unclear, you can…

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What is Credit?

Credit is the provision of resources (such as granting a loan) by one party to another party where that second party does not reimburse the first party immediately, thereby generating a debt, and instead arranges either to repay or return those resources (or material(s) of equal value) at a later date. The first party is…

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Taxes – Why Do We Pay Taxes

Each person pays taxes in one type or another- generally income tax and sales taxes. There are several services accessible to society that could not be managed well under any other organization. The federal government uses your tax dollars to provide you Social Security, health care, national defense and social services such as food stamps…

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Taxes – What Are They, and How Can They Help Society?

This English word comes from Latin Taxo, “I estimate”. Taxing consists in imposing a financial charge upon someone. Not paying is usually punishable by law. They can be classified in direct taxes (a fee imposed directly on a person and collected by a higher authority) or indirect taxes (imposed on goods or services and ultimately…

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Which Credit Card Do I Need?

In order to determine which credit card you need, you must first decide what you intend to use it for. Then decide what credit card features best serve those purposes. Of course, your payment history ultimately determines which credit cards you can apply for. Use these categories as a guide. Good/excellent payment history and zero…

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Know A Tax Cheat? Get Paid To Tell The IRS

According to the IRS, taxpayers underpay their taxes by some $300 billion. If you know someone that is contributing to that deficit, the IRS may be willing to pay you up to $10 million for the information you provide. The bigger the cheating you report, the more you’re likely to receive. The most important thing…

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Negative Credit Score

In this failing economy, more and more people are being forced to rely on credit cards to survive. However, maxing out your credit cards is one of the many ways you can end up with a negative credit score. Having a negative credit score can make it difficult to do anything, from buying a home…

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Gurus of Personal Finance

Some personal finance experts are popular all over the world because of their principles, concepts and ideas. They have shared their expertise on money management and saving techniques through their books and lectures. These authors have helped people live financially comfortable life by providing easy to follow techniques. We will have a glimpse of some…

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Debts in a California Divorce

My spouse ran up huge credit card debts during the marriage. In dividing assets and debts in the settlement agreement who should be responsible for these debts? In California, Family Code section 910 provides that the community is liable for all debts incurred during the marriage and prior to separation. It doesn’t matter whether the…

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