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

3 Ways to Get the Most Bang for Your Buck When You Donate to Charity

Money Crush

This time of year, you might be thinking about donating some of your money or your time to charity. You’re certainly not alone. According to Charity Navigator, total charitable giving in 2012 was about $316.23 billion in the United States, with about $223 billion of that from individuals. Many people do their giving over the […]

Published or Updated: December 27, 2013

IRS Announces New Retirement Contribution and Income Limits for 2014

Exchange Rates

Each year, the IRS makes cost-of-living adjustments to all things tax-related. These adjustments affect everything from income tax brackets to retirement savings limits to tax deductions and credits. One of the most important cost-of-living adjustments is contribution and income limits for tax-advantaged retirement accounts, such as 401(k)s, IRAs and 403(b) plans. Cost-of-living adjustments are based […]

Published or Updated: December 23, 2013

What If You Over-Contribute to a 401(k)?

401k

We recently got this interesting question from a reader named Jeff: I know the IRS limit for 401k contributions is currently $17.5k / yr. What I want to know is what actually happens if I contribute more than that, say $20k? Do I get a stiff penalty?  Do I go to 401k jail?  Is this […]

Published or Updated: December 16, 2013

5 Steps for Giving a 529 Account this Christmas

Education

Looking for a gift for the kid who has everything? Skip the millionth set of Legos or pair of designer jeans, and give a gift that will truly last a lifetime: a college savings account. Not sure how to go about opening or contributing to a 529 account this Christmas? Take these steps to get […]

Published or Updated: December 20, 2013

68 Restaurants and Retailers Offering Free Gift Cards for Givers

cash gift cards

If gift cards are your favorite go-to holiday gift, you’re in luck. Many restaurants and retailers roll out a great offer this time of year–buy some amount in gift cards, and get a free gift card in return. You can use that free gift card as a bonus gift or keep it for yourself. If […]

Published or Updated: December 14, 2013

2014 Federal Income Tax Brackets by Filing Status

What If I Cannot Pay My Taxes?

Each year, the IRS revamps income taxes and other tax codes to adjust for inflation, and 2014 is no different. Recently, the IRS released federal income tax rate schedules, cost-of-living adjustments, and tax tables for 2014. Wondering what your income taxes might look like in 2014*? Here’s what you need to know. First, A Basic […]

Published or Updated: April 1, 2014

10 Ways to Avoid Identity Fraud This Holiday Shopping Season

ID Theft

Did you know that the holiday shopping season is prime time not only for shoppers but also for identity thieves? And why wouldn’t it be? Fraudsters and thieves aren’t stupid. They know that around the holidays, shoppers are out in droves – both in stores and online. They also know that during this hectic season, […]

Published or Updated: December 9, 2013

Review of the Barclaycard Upromise World MasterCard

college savings

If you’d rather save for your child’s college education than get cash back or other credit card rewards, the Barclaycard is an excellent option. Through the popular Upromise program, you can put this card’s hefty cash back rewards directly into a college savings account. What is Upromise? Upromise is a broad program that offers cash […]

Published or Updated: June 2, 2014