Category Archives: News - Page 2

Update and Articles

Busy busy busy! Finals are right around the corner and I tell ya it’s gonna be hectic. I know I’ve been a little idle here with my posts this past week but I hope to get these finals out the way as soon as possible so that I could dedicate more time into the site. Meanwhile, here are some finance articles that caught my eye, check these out.

  • Money for Military wrote an article titled, Military Taxes Refund. He makes a very good point, why should we let the government keep our hard earned money and let them invest in it, while we could be using that for our own purposes and own investments. Although huge refunds always results in huge smiles, we need to realize…that’s our own money. Key point: try to pay just enough taxes to come out even!
  • PfAdvice explains why she Decided Not to Buy a House. Owning a home is definitely something that is looked upon as a great life accomplishment and a goal for many. However, buying a home is a great way to go but is not for everyone and in some cases, renting more secure and a safe play. “I also might miss out on losing a ton of money by buying at the peak of a market that so many people think is about to crash (or already in the process of crashing, or at least leveling out”
  • Digerati Life posted an article today called 5 Money and Currency Facts your History Teacher Never Told You. Fact #5: Do you know how the dollar sign ($) got invented?”Most people think the symbol for the US dollar is derived from the initials U and S superimposed on each other. Well this is false. It’s from the Spanish dollar sign. The US decided in 1782 that its basic unit of currency would be the Spanish dollar or peso. Its symbol was even then written as $, which was supposedly an ancient Phoenician sign indicating strength and sovereignty.” Fun facts are always welcome, thanks Digerati :)

Have a great week, keep up the reading!

Carnivals around the corner

This week sure has been a busy one. I’m glad that it’s finally Friday-time to relax and recap our week. Here are some highlights for this weeks carnivals. Enjoy!

Carnival of Credit Card edition #9 hosted at CreditCardLowdown.

  1. Grad Money Matters posted a piece called Stop Blaming Your Credit Card.
  2. Wealth Building Lesson shows us How to Improve Your Credit Score by 100 Points.
  3. 3DebtConsolidation writes on the Importance of Your Credit Rating & FICO Score.

Carnival of Personal Finance #95 hosted by Accumulating Money.

  1. Cents You Ask tells us What You Can Buy With 23Cents
  2. Advanced Personal Finance on Financial Records- What to Keep, What to Toss.
  3. The Real Returns with Connecting Bottoms of S&P500

Carnival of Taxes #16 hosted by Don’t Mess With Taxes.

  1. PfAdvice posted an article called When Should You Opt For A Professional Tax Preparer.
  2. Getting Green asks, Tired of Being Taxed to Death?
  3. FiveCentNickel on Roth IRA Income Limits for 2007

The Festival of Frugality #69 hosted by Digerati Life.

  1. The Frugalist shows us 27 Fun Ways to Destroy your Credit Cards.
  2. Frugal Upstate wrote a piece called Throwing a Birthday Party Fit For a Princess On a Budget.
  3. Stop the Ride shows us how to make Homemade Dishwasher Detergent

Carnival of Debt Reduction edition #82 hosted by NCN.

  1. Verve Coaching on Getting Out of Debt(Part 1)
  2. MoneySmartLife brings us Should you Use your Emergency Fund to Pay off your Credit Card Debt?
  3. Picture of Wealth writes When you Don’t See Eye to Eye on Finances.

Well that about sums it up. There were so many great articles this week from each of the carnival so if you have the time, please go visit them.

Also, don’t forget the Carnival of Money Stories #9 is coming up this Monday on the 16th over at FireFinance. If you have not submitted your money story yet, you can do that here. Have a great weekend!

I’m back and I’m still in debt

Wow that was a nice spring break. Boy did that week go by super fast. Speaking of which, this whole year is going by super fast. I can’t believe that it’s almost April! Where did this last 4 months go? Well anyways, I know I haven’t been posting for a while but I should be able to get back on track now that midterms are over and I have more time :)

Good news: Today I finally got my taxes done!  And boy was I disappointed(still good news).

So here’s the verdict. Last year I made about 25k with two jobs and paid a little over 5k in taxes.  Five thousand US dollars! I was thinking, “man…I’m gonna have a really nice refund this year, I can finally take my girlfriend out to a nice dinner”. I was wrong. It came down to me OWING the state 104 dollars and getting a refund of 600 dollars from federal. The bright side is I get something back, but I was expecting that something to be more like 2k or something. I mean I paid 5k so 2k sounds reasonable right? Overall, after subtracting the 100 bucks for the state balance, I’ll be getting about 500 or so. Better then nothing eh?

Bad news: I’m still in debt. And doesn’t looks like I’m gonna be debt free within the next month :(

With all the recent bills tackled onto my credit card, looks like I’m back where I was in February. My credit card is back up to a little over five thousand dollars again. Here’s the lineup for what’s been slowing me down:

  • Six months of auto insurance
  • Last 3 months of cell phone bills
  • Membership fees
  • Grocery/gas
  • Car maintenance

So all that has put me back up to a total of $5,404.22. I do have some incoming cash so I think I can knock it back down to about 3-4k. My goal is to get this whole thing paid off before summer starts. I would love to start my summer off being debt free.

I want to remind everyone that the last day to file your taxes are April 17th so if you haven’t done so get them done!

Moneywalks will take the rest of the week off

Sorry guys, but due to the amount of work I will have to put in this week for school I will not be able to post for the rest of the week.

But in the meantime, check out this cool article I found on msn money, America’s Top 50′s Salaires. A lot of interesting jobs on the list.