My Money

January 2011


How to Get the Most Out of Your Roth IRA

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The way this economy is going, no one feels confident managing investments. At least most of us have figured out whether we should have a traditional IRA or a Roth. If you chose a Roth, then you figure today’s tax rate is lower than the one you’ll pay in your golden years when you’ve reached ...

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personal finance

8 Things You Can’t Do With Cash

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For many of us, using some form of plastic has become so common that using cash seems almost inconvenient. Where a credit card at one time was a luxury and writing a check was the everyday alternative to cash, today plastic is far more common a payment method than either cash or checks. According ...

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personal finance

Get the Most Out of Prescription Transfers

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The chance to earn $40 to $60 in gift cards was a tempting offer from Target. By transferring or establishing prescriptions, it was possible to earn a $10 gift card for each order. It's not the only retailer to make such an enticing offer: Prescription transfer programs are increasingly popular,

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personal finance

Save Money with Social Buying Sites

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You can save a lot of money by taking advantage of the deals offered by social buying sites such as Groupon, LivingSocial, and SocialBuy. These sites have become extremely popular in the last year because of the great deals they offer. Using these deals can allow you to try things you wouldn't ...

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personal finance

4 Alternatives to Big Bank Checking Accounts

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Big banks have been in the news lately, and the news hasn't been good. From increased credit and debit card fees, to the reported death of free checking, large financial institutions have been struggling to respond to new regulations that have cut into their profits. As a result, many are reporting ...

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personal finance

The New Rules for Student Credit Cards

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The CARD Act of 2009 unleashed a whole slew of new limitations on the financial services industry, including capping many of their standard penalty fees, capping the interest rates they are allowed to charge on balances, and even outright forbidding certain types of fees.

Many of these new rules ...

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personal finance

6 Ways to Keep Your Financial Resolutions

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Quickly after toasting the New Year, our annual resolutions become toast. Good intentions become buried under the daily pressures of life and bad habits.

“Most people think that their financial problems revolve around not earning enough money to make ends meet,” said Louis Scatigna, author of The ...

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personal finance

How to Find the Best Late-Winter Deals

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The holidays might be over, but shoppers are still searching for the best deals in the aftermath of a furious shopping season. As stores restock inventory, many of them will have markdown sales to clear the store of surplus stock from the holiday season.

Markdowns do not necessarily mean the best ...

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personal finance

Get Tax Credit for Your Retirement Savings

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Tax time is coming soon. The IRS starts accepting e-file Friday January 14th and employers are in the process of getting W-2s out. Many people pay more taxes than they need to because they fail to take all the credits that are available to them. One of the most commonly overlooked credits it the ...

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personal finance

3 Ways to Shop Smarter with Your Smartphone

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It seems we’re all on the go more these days. Grocery shopping seems to take longer than ever, and errands aren’t always planned. If scouring sale flyers and organizing an ever-growing stack of plastic reward and gift cards are no longer in your schedule, you might try shopping with your ...

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personal finance

10 Commonly Forgotten Tax Deductions

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It doesn't really matter whether you start doing your taxes in January or April 14th, it just isn't the type of activity that most people get excited about. Finding and organizing all the receipts, mileage, and other forms is difficult enough. Add in the impossible task of learning the tax code and ...

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personal finance

3 Ways to Maximize Your Tax Savings

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Now that 2011 is here, there is a good news for millions of workers in the United States—more money in their paychecks. Thanks to the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, there has been a 2 percent decrease in Social Security withholding taxes. The ...

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personal finance

7 Ways to Start Your Own Clothing Bank

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Save money by starting your own clothing bank. Stock your lending circle with business suits, school uniforms, baby clothes and other second-hand garments from friends, neighbors and relatives. A no-fee clothing swap is a great way to recycle clothing, share costs and update your wardrobe with free ...

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personal finance

5 Resolutions for Your Home for 2011

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Right now, a lot of us are racking our brains to come up with some good New Year's resolutions. After all, after the ball dropped on 2010, we got a clean slate. And we want to make the best of it. If you're having a hard time thinking of ways you'd like to improve yourself  in the coming year, why ...

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personal finance