Abby HayesAbby Hayes is a freelance copywriter and blogger who writes on everything from personal finance to health and wellness. She spends her spare time bargain hunting and meal planning for her family of three.

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

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

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

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

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

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

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

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)?

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

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

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