Expenses

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Finances For Couples II

Finances For Couples II: One approach to managing finances as a couple is to combine all your income and then pay each other an equal allowance.I've written in the past about one method which you can use to handle your finances as a couple. Of course, there are other ways to handle the money side of your relationship and depending on your personal situation a different method might work for you. Today I'll be looking at an alternative approach which you may want to consider.  ... read more of this story»

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The Problem With Debt Consolidation Loans

Debt Consolidation Loans: Although debt consolidation loans can be a good way to package your debt for repayment, unless you get your spending under control, it can also lead to a much bigger overall debt. So be careful!If you are struggling with lots of debt from a variety of credit cards or other consumer loans, combining that debt into one large consolidated loan can help you to get things under control. However, if you aren't careful, you can get yourself into an even worse situation than when you started.  ... read more of this story»

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Business Use Of Home Tax Deductions

We're right in the middle of tax season and what better time to talk about how to reduce your tax burden by operating a business out of your home? By using a portion of your home to run your business, you can start claiming a portion of your household expenses as business expenses. There are a few things you need to be aware of but in general it isn't that difficult to save a decent chunk at tax time.  ... read more of this story»

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How About Partial Retirement?

Does your retirement feel like it is miles away? Have you crunched some numbers and found that you'll have to work thirty more years before you've saved enough to be able to quit your job? Maybe you need to bring the finish line a bit closer. Maybe you need to consider Partial Retirement ...  ... read more of this story»

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Can You Afford It? Here's How To Find Out ...

Have you ever been looking into making a large purchase, such as a house or a car, and asked yourself: Can I really afford this? If you haven't been tracking your expenses closely, this can be a difficult question to answer. Even if you don't have a solid grasp on your cash flow, there is one way that you can figure out just how tight you'll be after making the purchase. It works and, in the end, it'll even save you money!  ... read more of this story»

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So Long Cable Bill!

After months of knowing it needed doing, I've finally cancelled our cable TV and cable internet services in favour of cheaper alternatives. As I mentioned in an earlier post, we have already switched to VoIP for our phone service. All told, we've managed to reduce our total communications bill (phone, TV & internet) from over $140 per month down to just over $60. The extra cash is starting to accumulate!  ... read more of this story»

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Being Frugal Without Depriving Yourself

If you've ever heard someone argue against the benefits of being frugal then you've heard the "I-don't-want-to-deprive-myself" argument. It's always the first one to come up. However much we might disagree, there is an element of truth to the deprivation criticism. A lot of times, being frugal means passing up something you'd like to have but don't really need.

Today I'll show you a couple of places where you can exercise your frugal muscle without coming anywhere close to depriving yourself.  ... read more of this story»

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Standing An Expense On Its Head

A great trick that I frequently use to get my frugal juices flowing is to look at my expenses in a different light. I've written before about seeing unnecessary expenses as potential income. Recently, however, I've come up with an even better perspective shifting trick that really hammers home the power of saving ... especially on those recurring monthly expenses. Let's see how we can get our savings to pay us dividends!  ... read more of this story»

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Finances For Couples

Finances For Couples: By taking the time to plan how you will handle your finances as a couple, you'll avoid one of the most common sources of tension in a relationship.If you've ever been in a relationship where money became an issue, you know how important it is to be open and honest about finances with your significant other. When my wife and I first moved in together she suggested we start things off on the right foot by establishing a fair and open method for dealing with our mutual expenses. Looking back, I think this was one of the best things we've done together as a couple and is one of the (many!) reasons we're so happy together. Today I'll show you how we handle our joint finances and I'll tell you why I think it works so well for us.  ... read more of this story»

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5 Reasons To Manage Your Money

The Value of Money Management: By tracking where each dollar you earn comes from and where it goes you'll be setting yourself up for financial success.One of the best ways to get yourself headed down the path to financial freedom is by getting a grip on your personal finances. I'm talking about knowing where your money comes from and knowing where it goes - in detail. Without this important information, you'll likely end up working a lot harder and a lot longer than you need to. Today I'm going to give you five good reasons why you should be managing your money and not just "going with the flow."  ... read more of this story»

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