Category: Master Your Money - Page 5
The Home Office Tax Deduction in 2021
I’ve worked remotely my entire career. It’s amazing. I get to pet my dog all day, work in sweatpants, do errands in the middle of the day, and avoid heinous commutes. Also, I get to cash in on the home office tax deduction every year. Since I have a home office, I can use the home office deduction ...
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16 Tips to Find a Cheap Car Rental
Renting a car is usually expensive, finding a great deal gets confusing. We're going to help you find a cheap car rental with some of our tried and tested tips. The last time I rented a car, one of the car rental companies tried to charge me $1,800 for 4 days. While another company only charged me $700 for ...
Child Tax Credits for 2020
Kids are expensive. According to the most recent numbers from the USDA, it costs the average family between $12,350 and $13,900 every year to raise a child through age 17. That includes the cost of housing, childcare, education, transportation, health care, and clothing, and more. In total, that’s over $222,000. The kicker? That doesn’t include ...
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Best Performing Stocks of The Past 12 Months
The US stock market had a fantastic year, returning almost 33% in 2019. I always find it helpful to review my portfolio at the start of a year and compare it against the S&P 500’s returns to get an idea of how I am doing. I also like to look at the best performing stocks of the ...
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Financial Planning Guide For 2020
The key to living a rich life is taking control of your money. That's why we created this Financial Planning Guide, to help you take one of the most important steps to growing your wealth. You don’t have to have a six-figure income or own a business to build wealth. All you need to do is have smart money-saving ...
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The Complete Guide to Vanguard Index Funds
Index funds are like cheating. And the Vanguard Index Funds are the best around. You get more while paying less. Your money grows faster than doing it yourself or using professional managers. The fees are also crazy low, so low that you won’t even notice them. Better performance at a lower price. It’s one of the situations where ...
How To Buy a House in 2020
Buying a house is one of the biggest financial decisions most people ever make. So it’s no surprise that there are a LOT of misconceptions around it. A few common ones: Renting is throwing money away because you don’t own a house!Houses are a good investment because they build equity.You need to buy a house (and ...
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How Child Care Tax Credits Work
Anyone who has to pay for daycare for a child knows that the cost of quality child care can be crazy. After your mortgage, it could be your biggest bill of the month. It’s not uncommon to spend more than 15% of your income on care. To put that in perspective, the U.S. government defines “affordable care” as ...
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Where and How to Sell Your Stuff Online
Need to make a quick $1,000? This guide on how to sell your stuff online has you covered. It’s possible by selling stuff laying around your house. A few months ago, I sold a rowing machine for $700 and used the money to help pay for a trip to Italy. Not only did I get the extra cash, ...
How to Apply for a Credit Card
When I was younger, I applied for a first credit card. Notice I didn’t say I applied for a first right credit card. I didn’t know any better. I just accepted the first credit card for which I successfully applied. It happened to be a Wells Fargo card because there was a Wells Fargo branch in my local ...
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