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Money Saving Tips

Tips that save you money!

Money Saving Tips

How to Apply for Social Security Disability Benefits

Posted In:  low income assistance

Social Security disability benefits protect those with disabilities and injured workers. 

Social Security Disability (SSD) is a federal government program created to protect those with disabilities from financial disaster. As of May 2013, the SSA had 8,877,000 open claims for disability benefits, paying out an average monthly benefit of $1,129.51. In itself, disability will not keep most workers from financial disaster, but along with food stamps, state programs and other financial help, it’s an important part of the social safety net.Read the rest...

Don't Get Taken By Prepaid Phone Cards

The most vulnerable are those who can least afford to get taken.

Everyone has used prepaid phone cards at least once in their lifetimes. While they aren't used as often today, those who can’t afford a cell phone or calling plan may be stuck with prepaid phone cards as the only option. These folks can least afford to overpay for phone charges, but because they use phone cards more often, they are more likely to suffer from high prices, fraudulent fees and more.Read the rest...

Earning a College Degree Based on Life Experience

Posted In:  other

life experience degreeTesting out of courses to earn a life experience degree isn't all that easy.

Many colleges are using a new marketing tool to gain interest in adults looking to further their education. Through ads on TV and mailings, people are receiving offers of earning a degree based on life experiences. The process is simple: just call the phone number, give your credit card number and the “institution” will handle everything else. While there are ways to earn some college credit for life experience, most of these ads are scams.Read the rest...

Rolling over Your 401(k) - What to do and Mistakes to Avoid

Posted In:  retirement  taxes

Avoid tax problems and lost opportunities by doing it right.

Retirement accounts, especially 401(k) investment accounts, can be tricky to understand. Many people in the United States enroll themselves in a 401(k) retirement account to save for the golden years after a lifetime of work. If you're leaving your current job and starting work with a new employer that offers 401(k) retirement options, you need to know how to roll over your current account into a new account, and what mistakes could potentially cost you a lot of money.Read the rest...

Step By Step Guide for Finding College Scholarships and Grants

Posted In:  other

Don’t be overwhelmed… It’s easier than you think!

Paying for college can be scary and nerve-wracking; you want to get a solid education, yet you are concerned about the finances to pay for it. Fortunately, scholarships exist for this purpose and, unlike loans, you do not have to worry about paying them back. Read through the steps outlined here and discuss these details with your school’s guidance counselor, especially if your parents have not been through the process themselves. It’s always best to have an expert on your side!Read the rest...

Tax Implications for Buying a Home through a Gift of Equity

Posted In:  mortgage

Know the tax implications and why you should always look before  you leap!

My husband and I have been renting a home for a bit more than we could afford for some time. Recently, my husband’s father bought the home from the owner and we are paying him half as much rent, just to cover the mortgage payments, taxes, insurance, etc. The plan is that now, with an affordable rent payment, we can save a down payment and buy the house for ourselves. The other option is to buy the house via a gift of equity. How does that work? Here goes:Read the rest...

Kids' Allowance Goes High Tech

Posted In:  family

allowance, kids, appsUse technology to make managing your kids' allowance easier.

Keeping track of allowance when you have even one child is a chore in itself. Doing it with several whining, begging, pleading brats is impossible. I’m not saying your kids are brats. I’m just saying kids tend to whine, cajole and manipulate parents at every turn. It’s a part of growing up and learning the rules. But teaching kids how money works in the real world, traditionally done by offering an allowance, is really, really hard with all those pesky distractions. Lucky for us, smart phones make it easier.Read the rest...

Recovering Economy, Back Sliding Savers – Don’t Be One of Them!

Posted In:  debt reduction

savings and debtAs the economy recovers, Americans seem to be letting down their financial guard.

The past few months have shown positive financial trends in America. Employment rates have begun a slow, steady climb. Many of the unemployed started their own businesses to earn a steady income instead of waiting around for a job to open up. On a whole, the value of homes has increased. Properties are now moving, pushing interest rates up. Sales have improved for most retail sectors, and the real estate market is beginning to show signs of life again. And there, my friend, lies the danger…Read the rest...

Reducing Waste to Save Money - Do's and Don'ts

Posted In:  other

reducing wasteReducing waste is key to saving money, but there's a right and a wrong way to do it.

Since covering ways to save money on trash removal, I’ve learned a few more tips and tricks. It turns out there are ways to save money that may seem like a good idea on the surface, but turn out to be a bad idea. The most important lesson I learned is that reducing waste in the first place saves you the most money. But there is a right and wrong way to go about it. Here are the dos and don’ts:Read the rest...

Don’t Rent Tires, Buy Used Safely

Posted In:  automotive

High prices are driving more motorists to financially risky tire renting. 

So, you’re tires are going bald, running on the steel belts under the rubber, and you don’t have $600 - $1,000 for a new set. What do you do? Many people are turning to a wallet-sucking abomination called tire renting. Stuck between a rock and a hard place, people pay up to four times the cost of a new set of tires because they see no alternative. Worse, if they can’t pay, the rental company comes to repossess the tires! Don’t get yourself stuck in this trap. There is a better way.Read the rest...