Research studies have shown that half of US bankruptcies were caused by Medical bills. The study estimates that medical bankruptcies affect about two million Americans annually. When most people think of bankruptcy they tend to think that it comes from acts of past irresponsible spending however it could happen to anyone. Bankruptcy is a federal court process that places you under the protection of the bankruptcy court while you attempt to...

The typical “American Dream” is owning your own home, however, if you’re not able to swing it financially, it could end up being your worst nightmare. Some questions, you might want to ask yourself : How much are you gonna save up for a down payment and closing costs? How do you know how high a mortgage you will qualify for? How much can you really afford based on your lifestyle? How much will you really save in...

Raise your hand if you think saving is a good idea? Now out of everyone who raised their hand, keep your hand up if you actually save. Here is where almost everyones hands go down. When you ask anyone to save a certain amount of their pay check, they will most likely agree that it is a great idea but they claim they can’t because they’re already pushing their limit within their budget. To save money from your current income...

We all know that gas is expensive and we also know most of the basic tips/tricks thats out there to save money on gas. Things like: Taking off slowly from stops Keeping your tires inflated at its recommend pressure Changing your air filters from time to time and driving at a consistent speed are all good tips but it wasn’t enough for me. I still wanted to know more. A while back a good friend of mine told me that premium gas gets...

Remember that you cannot deduct expenses that are for personal purposes, but you can deduct travel expenses that are the ordinary and necessary expenses of traveling away from home for your business or job.You may also deduct travel expenses, including meals and lodging, you had in looking for a new job in your present trade or business. You may not deduct these expenses if you had them while looking for work in a new trade or business or...

I have a friend who has been keeping his receipts for as long as I can remember. I guess you can say that he’s a receipt freak. He keeps them to enter into his money tracking system to keep track of his budget. This is all very understandable and some what commendable for being so organized but I asked him, “why not just use your debt card like I do and keep track of your spending that way”. He replied ” because I...