February 2012

You may have heard financial advisers advertise their top Barron’s rating on the radio, but have you wondered what it means? If so read this great article from another blog…

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Week #4 of Dave Ramsey’s Financial Peace University: Dumping Debt was a great motivating lesson. Since that class I have received numerous questions about Federal student loans. Therefore I put together the following brief about Federal Student Loans various repayment options to foster your additional research and consulting with your advisors. Please keep in mind, this […]

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Simon Peter was a fisherman. I imagine he was like a lot of us. We get up everyday and go to work and hope for a good day at work. In our minds some of us may aspire to be really successful at what we are doing, be given more responsibility and make more money. […]

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The Internal Revenue Service recently issued its annual “Dirty Dozen” ranking of tax scams to remind taxpayers to use caution during tax season Identity Theft. The IRS is seeing more identity thieves using legitimate taxpayer’s identity and personal information to file a tax return to claim a fraudulent refund. If you receive an IRS notice […]

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There is an email circulating that claims Medicare Part B premiums will increase 247% in 2014 to $247 from the present rate of $99.90. According to the AARP website and others, this is a myth that has been circulating since 2010. A little background: Medicare is federal health insurance for those age 65 and older (and others […]

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You may have received a chain email about a new real estate sales tax of 3.8% in the President’s health care bill. Is this true, you may be wondering?  Kind of, the tax is on unearned income, and is part of the ObamaCare to help generate revenues for the Medicare Trust Fund, but it only applies to a limited number of people.  Starting […]

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Stay-at-home moms face a myriad of challenges; not the least of them is managing family finances on only one income. This is just a short list of issues. Self education regarding family finances is crucial for homemakers because of reduced income, lack of retirement accounts, increased need for self-discipline (possibly more time to shop), and […]

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It is hard to believe that we have completed 3 classes already starting 2/2/2012 and there are only 10 to go. One question I often get after lesson #3 “Cash Flow Planning” is regarding cash flow planning from folks who are self-employed or have some self employment income. Read the post below for more information. Budget Workshop: […]

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Today’s post comes from Mary Hunt of Debt Proof Living, and author of 7 Money Rules for Life Dear Mary, I am reading your book, “Debt-Proof Living,” and have begun tracking my expenses. I have a home-based business. Should I include business expenses or just personal expenses in the tracking? Lucy, Vermont Dear Lucy,You should […]

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Financial pressure ever get you down?  Sometimes it feels like we take one step forward and three back.  We makes great strides to set up a budget, have several good weeks of following it by never exceeding our spending limits, put money in savings, make extra-payments on loans. Then wham: car repair hits us, then […]

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The following are good articles from this past week from other Christian Personal Finance blogs that I follow: Value of Early Career Investment from Free Money Finance What is a Good Credit Score? from Bible Money Matters 5 Ways to Save Money on Pets from Christian Personal Finance Making Money with Your Hobby from Personal […]

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Excellent article at Smart Money about these 5 Little-Known Tax Deductions is worth checking out: Medicare Insurance and Long-Term Care Premiums Medical Expenses Paid by Someone Else Real Estate Taxes Paid by Someone Else Home Mortgage Points Paid by Someone Else Fees to Charge Taxes to Your Credit Card

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The 2nd of 9 Dave Ramsey Financial Peace University Classes is Relating With Money. I love this class, because it helps couples understand their differences and work together. This is probably one of the reasons why about 75% of married couples that attend the class report this has helped improve their marriage.  Just understanding that we approach money with unique styles, non-judgmentally, is […]

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Jesus taught us how to pray in the Lord’s prayer in the 11th  chapter of Luke and the 6th chapter of Matthew. The prayer can function for us in our private devotional life in several ways: pray it exactly as it is, as an outline for talking to God, and a focus of meditation. I […]

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A few days ago there was another report of slight improvement in employment, for three months it has decreased from 8.9% to 8.3% lowest in about 3 years. This is a short-term calculation, and doesn’t take into consideration all of those not working or those working part-time and desire full-time employment.  5% is normal, anything north […]

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The following are good articles from this past week from other Christian Personal Finance blogs that I follow: Worst Money Advice Ever from Free Money Finance Cutting The Cord and Getting Your TV On The Cheap (Without Using The Big Bad Cable And Satellite Companies) from Bible Money Matters Life Lessons From 6 famous Failures […]

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The Great Recession that started in 2007 has thrown millions of families into financial disarray.  I have been looking for a timely book to recommend to people to provide the tools, motivation, learning, change and inspiration people need.  The wait is over. Mary Hunt, one of the top 3 greatest personal finance writers of our […]

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In 1989 and 1991 we had our two babies at a cost of $10 each. We made a $10 co-pay at the first pre-natal visit, and all expenses including birth up through the baby’s 3-month checkups were covered by that first co-pay. Few people, perhaps other than Senators, receive health care today at such a […]

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These days everyone wants to spend less money. With increasing costs to healthcare and gasoline, grocery costs seem to be of the things to be increasing faster than inflation, and represent a large percentage of people’s budgets. Monthly expenses are either fixed like rent/mortgage, car payments and utilities, while other areas are variable such as groceries and […]

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The 1st of 9 Dave Ramsey Financial Peace University classes is Super Saving. This is an excellent class to start with and begin to set the goal to accomplish  Baby Step number one; saving $1,000 in an emergency fund. The emergency fund will provide the safety net, or insurance, when something happens in life like a car repair […]

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