How to Avoid The Underpayment Penalty

By |April 9th, 2012|Categories: Blog, Personal Finance Tips|Tags: , |

If you haven't done your taxes yet, you have exactly one week to get them done if you want to file on time. I already filed my taxes back in February and got my refund in March, so I'm going to be stress-free for the next week (at least as far as 2011 taxes are concerned). But I'm already looking

A Tax Refund is an Interest Free Loan to Uncle Sam

By |March 7th, 2012|Categories: Blog, Personal Finance Tips|Tags: , , , |

Some people love their tax returns. They feel like they are getting a bunch of free money from the government. Unfortunately it's not free money; it's your money! And if you're getting a big tax return, that means you've been missing out on your money for as much as 16 months. This is especially harmful for people who are living

Write Off Your Charitable Donations. You Earned It.

By |January 31st, 2012|Categories: Blog, Personal Finance Tips|Tags: , , , |

Last week there was a very heated discussion on Punch Debt's site about whether or not it is "right" to take a tax deduction on charitable giving. Being someone who is always willing to insert myself into a heated debate, I'm happy to share my two or three cents here. Not only is it absolutely "right" to write off charitable

Herman Cain Hates Frugal Savers

By |November 10th, 2011|Categories: Blog, Economics / Politics|Tags: , , |

Herman Cain hates savvy personal finance savers. I'm actually really surprised that I haven't seen anyone point out this fact earlier. I was going to write this article weeks ago, but then just assumed someone else would jump on it. Unfortunately that hasn't happened and I can't ignore it any longer. Republican presidential candidate Herman Cain wants to punish people

A Crappy Economy is Great for Paying Down Debt

By |September 27th, 2011|Categories: Blog, Personal Finance Tips|Tags: , , , |

If there's one thing a terrible economy is good for, it's paying down debt. Despite having a net worth of over $20,000, I still have tens of thousands of dollars in student loan debt. Most people don't understand why I would choose to keep student loans when I have the ability to pay them off, but it's really simple. When

Increase your Income up to 11% Instantly by Moving

By |August 30th, 2011|Categories: Blog, Personal Finance Tips|Tags: |

What would you say if I could instantly get you an 11% raise on your income? Well if you are a high earner in Hawaii or Oregon, then I propose you move to Texas and your 11% state tax rate will be reduced to 0%. I've said it before and I'll say it again; every dollar you pay in taxes