Review Category : Your Smart Money Moves Top Tens

The Mom’s Summer Guide To Saving Money

Ice cream, ice cream, we all scream for ice cream. For moms across America, summertime can be both a blessing and curse at the same time. While it’s exciting not to worry about packing lunches and dragging the kids to the bus stop, it is also a time when you might feel like you constantly have to entertain your children. This may mean a lot more discretionary income will go out the door than you have coming in each month. We put together our smart money moves guide for 10 moves moms can make over the summer to manage your family finances. 1. Have a budget – Whether you use a spreadsheet, 50/30/20 rule or www.youneedabudget.com, it is important to set expectation for everyone around how much cash flow you have for fun and entertainment. 2. AAA membership – There are lots of great discounts especially hotels, rental cars, & amusement parks. So when you are planning your family vacation ...

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10 Weird Ways To Make Money From Home

You are several months into 2016 and might be thinking to yourself, “How can I make a few extra bucks in my spare time at home?”.  This may be to pay off some debt, save some more money towards your goals, or even set up a rainy day fund.   Here are ten weird ways to make money from home.  We got a few of these from our friends over at www.pennyhoarder.com. Give Your Opinion to Make $100+/Month (or Watch Videos) Most of you know surveys aren’t our favorite way to make extra money, but we make an exception when we’re just vegging out on the couch. We figure as long as we’re just watching TV, there’s no reason we can’t click a few buttons at the same time. Ipsos Panel (www.i-say.com) (www.inboxdollars.com)  is one of the only legitimate paid survey companies out there (they’re rated an A+ with the Better Business Bureau). You might recognize the name from the news, because they conduct a lot of the presidential polling. I’ve ...

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Five Financial Moves To Make On Your Birthday

Our birthdays are usually a day of reflection and celebration all at the same time.  It’s often the one day of the year we measure ourselves against our goals, take stock of where we are in life, and think about what may be coming in the near term horizon for our future.   You’ll often compare how you look versus your friends on places like Facebook and think about where you are in life when it comes to your money and savings.  Here are my five smart money moves tips you should be considering on each and every birthday. Insurance– When it comes to life insurance, every year you get older there is more of a chance that you will die.  Thus, the cost of life insurance will continually go up.   You may need to decide what kind of insurance to buy whether it be a 10, 20, or 30 year term insurance or maybe this is the year you should ...

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I will be getting my first 1099 . . . Now What?

You recently lost your job or your job lost youJ and now you have decided to take some freelance consulting job to pick up some spare cash.   You fill out a W-9 in order to get paid, and a few weeks later a check comes in the mail made out to you.  You are really excited because no taxes have been taken out and you feel flush with cash.   At some point next year, you’ll get your first 1099, but what should you be doing here in 2014 to make sure your ducks are in a row come tax filing time? The reality is that most of you who earned your first 1099 will likely file Schedule C (sole proprietor) with your first year of income.   Some of you may set up an LLC, but are still uncertain what you can deduct or how exactly incomes taxes will be paid.  Here are some your smart money moves tips for you. ...

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My ATM Receipt is My Check Register

If you make 50k, 100k, or 500k, you might still be living paycheck to paycheck.  With more and more people using their ATM receipt as their check register and not reading their bills before clicking yes from online bill pay, this problem continues to grow in American.  What’s neat about oXYGen Financial is that we believe each family is the ‘CEO’ of their family finances and should treat it as a business. No family has an infinite amount of revenue, so what is the smartest way to run the family profit or (lossL) statement to maximize cash flow to reach your financial goals? Thus, we like the language of spending plan for the profit and loss versus budget. Make sure you calculate your family revenue- include not just salary, but if you are going to earn overtime, bonus, raise, commissions, stock options, etc. Build a strategy to minimize income taxes.  Of course, the more you are able to keep the ...

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Five Cheap Things To Do With Your Kids This Summer

If your children aren’t off at camps or their job is only part time, a few weeks into summer they might just be driving you up the wall.   If that’s the case, then you become the full time Julie The Cruise Director at your home.   Here are your smart money moves on five cheap things to do with your kids this summer that won’t put a dent in your wallet. Go For A Bike Ride In Your City- Most cities and suburbs today have carved out some type of greenway or beltline like trail as witnessed in my hometown of Atlanta.   It could be for a walk or a bike, but taking in one of these trails while bringing along a little picnic can really make a fun day. Go See A Matinee- Prices for movies (especially 3-D and IMAX) have soared through the roof for kids.  Don’t wait until the nighttime or the weekends to see a new release ...

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Six Things You Should Buy At The Dollar Store

Dollar Stores. Dollars Stores. It seems that dollar stores and discount stores are popping up at strip malls all over the place in suburbs across America.   People often wonder are these stores just full of junk and odd lot products, or is there an opportunity to really get a bargain discount when you enter dollar mania.   Here are my six smart money moves tips on what to buy when you go to the dollar store. Wrapping Paper- Is there really such a thing as top quality wrapping paper?   I suppose some people like the fancy patterns and glitter, but doesn’t it all end up in the garbage?   You can stock up and get great buys on wrapping paper at the dollar store. Picture Frames- Why spend $25 at Crate and Barrel or Pottery Barn for a plain frame that most people are going to view from a distance.   You can literally spend pennies on frames at the dollar especially on the smaller ...

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7 Things To Do When You Win The Big One

Do you think you will ever have to worry about money again if you win the lottery? Sorry to break it to you, but you will. There are many stories of winners being their own worst enemy by quickly squandering the fortune.   Let’s look at what Your Smart Money Moves should be when you win the big one. Before the ticket blows out of your hand while you are waiting for a bus, the first step should be to sign the back of the ticket.  A lottery ticket is a bearer instrument, so whoever signs the ticket and presents a photo ID can claim the prize. Remain anonymous. It’s amazing how many people come out of the woodwork when they know you have money.   You’ll get the charities, the long lost friends,  CPAs, lawyers and financial planners all vying for your business or looking for a piece of the pie.  Unfortunately there are only a handful of states that do ...

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Five Ways To Make Your Car Last Longer

In August of last year, car prices had achieved a record high of over $31,000 in 2013 (source: www.usatoday.com), and it has become more important than ever that you protect the life of your automobile.   Automobiles today can easily last for more than 250,000 miles with using some of these Your Smart Money Moves tips.  My latest used car purchase is already at 130,000 miles and I intend to take it over the 200,000 mile marker.   Here are five ideas on how to make your car last longer. Follow the maintenance book- It always pays to be penny wise and not pound foolish.  There is a reason the dealership gives you a laid out schedule with a coupon book for servicing your car.  If you follow that guide to a tee, the cost of maintaining your car will be a lot less expensive than having to shell out a bunch of cash for a new one. Keep your tires full- ...

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5 Amazing Technology Gifts For Mother’s Day

Mother’s Day is less than a week away and word on the street is that spending is up this year.    The National Retail Federation estimated that consumers will spend 20.7 billion dollars on Mom this year in 2014.  If you are counting that is an average of $168.94 per consumer which is an 11% increase from 2013. Moms work hard and they are entitled to a show of appreciation on their special day. Most consumers will acknowledge that appreciation with a greeting card (81.3%), though it appears her loved ones will also look for special gifts. Two-thirds (66.6%) of those celebrating will buy mom her favorite flowers, spending a total of $2.3 billion, and 33.5 percent will look for spring sweaters and blouses, spending a total of $1.7 billion on apparel and accessory items. Mom’s loved ones will also buy books and CDs ($480 million), housewares or gardening tools ($812 million), personal experience gifts like a day at the spa ...

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