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Showing posts from May, 2009

Uncle Sam Pays You to Save

If you are new to personal finance and retirement savings, then you might not know about the incredible tax savings that you can experience using auto deduction into your 401k, 403b, and IRA accounts at work. I started out deducting $25 a paycheck 18 years ago and couldn't imagine how I would be able to live without that extra $25 every two weeks. Fastforward 18 years and I managed to get by quite well! I own my own car, have more clothes and shoes than I know what to do with, go out to dinner with friends, and have a retirement porfolio - invested mostly in cash and bonds - that is worth $100,000+. And this year I bit the bullet and began putting away the full $20,000 a year. How? Being thrifty, living below my means and most importantly, saving on taxes. The new 2009 tax tables are available on the website and here at a this personal finance blogger site No Credit Needed As a single Mom, head of household, making $73,000 per year, my taxes are figured like this If Taxabl

Keep Your Money - Use Flow to Make it Fun

Goal setting for building your savings cushion can be almost as much fun as quitting your job with a million in the bank. I did say almost. But, managing your money to fund your fabulous life can be a game that consumes your attention so fully that you forget the mundane boring details of life. It's called Flow and it can apply to your personal budgets, household management, savings plans, you name it. Michael Csikszentmihalyi (pronounced chick-sent-me-high) writes about the psychology of Flow in his book "Psychology of Optimal Experience. " It's that moment when time stands still and you forget to check your watch, you don't notice the temperature, you don't care if you are hungry, you are completely immersed in life. Athletes know about flow, it's the sweet spot on the tennis racket and the pure meditation on the golf course when you hit a perfect shot. Flow comes when we have goals -- goals that are attainable. They help you concentate and crowd out pet

Money Tips That Work in Real Life

I'm not the most organized person in the world. Maybe you aren't either? The idea of charting every move I make on a daily to-do list, of watching every penny I spend or make on a chart, oh goodness, it's making me crazy, my head is spinning, jeez here comes the alien anxiety monster! But some folks really dig this, and are excellent at it. A lot of people it seems. Because they are all writing Money Blogs. Top Personal Finance Blogs is a list of over 100 blogs about money, saving, couponing , investing, the philosophy of money, how to be cheap and still chic, definitions of frugal, I am exhausted reading them. And they all have Great Tips! Really. Smart people with wonderful advice. But I can't put all of these tips into place in my life and still stay sane. Not with this personality. I'm sure there are others out there who feel the same way. And that's okay! Just because we shrug ourshoulders at the conversation about .25 off Bertolli sauce doesn't mean