How to Deal with Setbacks When Climbing Out of Debt

Debt Chart February

Confession: I dreaded writing this post today. It’s just a little depressing. See, at the end of February, Ben became unemployed. It was a decision we didn’t take lightly, and we do feel like we made the right choice. (I won’t go into all the reasons. Suffice it to say that we had sufficient reasons […]

Published or Updated: March 15, 2014

9 Tax Changes in 2014 You Don’t Want to Miss

2014 Tax Changes for Individuals

Every year, the IRS updates tax codes to reflect changes in the cost of living. Recently, the IRS announced tax law changes for 2014. Many of these relatively minor changes could affect you in the coming tax year. Remember, these 2014 tax changes affect the tax year 2014, so you won’t see these changes reflected […]

Published or Updated: March 17, 2014

2 Education Related Tax Changes You Don’t Want to Miss in 2014

Education related tax changes 2014

Each year when the IRS releases tax law changes, everything from the basic tax brackets to retirement account limits change. And these changes affect many credits and deductions, including education-related tax credits, such as the Hope Scholarship and American Opportunity Tax Credit. In 2014, some of these credits are going up, so you can claim […]

Published or Updated: March 6, 2014

How to Find the Best Prepaid Calling Cards

Cell Phone

Google the term “prepaid calling cards,” and you’ll be hit with a dizzying array of options. But when it comes to calling cards, more options may not necessarily be better. In fact, sorting through all those calling cards can be a huge headache, to say the least – especially since many of these cards come […]

Published or Updated: February 20, 2014

6 Tax Changes for Parents in 2014; I’ll be Using No. 3 to Save a Bundle

Taxes

Every year, the IRS updates tax laws to account for inflation, and this year is no different. In 2014, parents, in particular, will find several tax-related changes that may affect their credits and deductions on their 2014 taxes. Remember, changes to tax law for 2014 won’t affect you until you file your 2014 taxes in […]

Published or Updated: February 18, 2014

The Only Guide to Self-Employed Retirement Options You’ll Ever Need

IRA Recharacterization

As a self-employed individual or freelancer, you’re in a unique position when it comes to saving for retirement. You won’t get the benefit of an employer-matching 401(k), not if self-employment is your full-time gig, but you do have access to a variety of tax-advantaged retirement accounts. And you may be able to sock away more into […]

Published or Updated: April 1, 2014

Our 2014 Debt Journey: Getting the Snowball Rolling

Debt Snowball Method

If you’re joining me (and my family) for our journey towards debt freedom in 2014, here’s our update: The Update It’s pretty depressing, actually. Our total debt has actually gone up slightly, rather than going down. Here are the reasons: New Credit Card Charges: I had to make a couple of essential business purchases on a […]

Published or Updated: February 6, 2014

A Review of TurboTax Home and Business

TurboTax Refund Guarantee

As a freelancer, taxes are more complicated for me than your average Joe. But as a writer – with very few business expenses – my taxes aren’t complicated enough that I feel the need to hire a tax preparer. Instead, I just use TurboTax Home and Business. Other than my first year of freelancing, when […]

Published or Updated: February 2, 2014

Follow Me on My Journey Toward Debt Freedom in 2014

Confession: My husband, Ben, and I have been trying to get out of debt for five years now. The truth, though, is that we could have been debt free long ago, if we’d been really serious about it. Instead, we’ve just been playing around with our debt snowball. We’re not the worst money managers in […]

Published or Updated: January 3, 2014