Posted on September 12, 2007
Filed Under Saving, Tips | Leave a Comment
Saving money these days is becoming harder and harder. As of July 2007, the average savings rate in the United States was NEGATIVE 0.6(!!!) In order to help you avoid being a part of this horrible statistic I have compiled a list of tips and techniques that you can use to boost your savings. These tips have been gathered from the various books, websites, articles, and personal experiences that I have encountered on my journey through life. Don’t be surprised if you have seen some of them before.
The list is arranged by category and it is constantly being updated. If you have a tip that you would like added leave it in the comments!
Continue reading Ways to Save Money
Posted on August 9, 2007
Filed Under Business, Finance, Insurance | Leave a Comment
COBRA
COBRA stands for Consolidated Omnibus Budget Reconciliation Act. But what does that mean?
Simply put, COBRA says that if you have employer-provided health care and lose your job (you’re fired, you quit, etc…) your employer must continue to offer you health care for 18 months (in most cases. Some cases have gone as long as 36 months.)
Continue reading Insurance - What is COBRA?
Posted on July 15, 2007
Filed Under Retirement, Saving, Taxes | Leave a Comment
If you have thought about starting to save for your retirement then this is little incentive may give you an even better reason. If you contribute to a retirement account and meet certain restrictions, then the saver’s tax credit may allow you to reduce the amount of taxes that you owe by up to $1000!!
What is the saver’s tax credit?
Depending on certain restrictions such as age and income, the saver’s tax credit could save you 10% to 50% of the eligble contributions that you make to your retirement plan.
Continue reading Saver’s Tax Credit
