As our two oldest boys are 13 now, it seems like a great time to really help them figure out the world of money. Since we have 5 children, at all different ages, teaching them about money can get tricky because they are all at different stages. That being said, we are working diligently to teach our kids about the value of a dollar. Read on if you want to hear more about our most recent adventure with kids and phones! Read more
If you’re a homeowner and you’re in need of a large lump sum of credit, you largely have two options – remortgage your property or take out a personal loan. There are advantages and disadvantages to both options. So, before making a decision on what’s right for you, it helps to know the difference between the two.
You often hear the importance of having a good credit score and why you should take steps to improve your rating, but what are the dangers of bad credit? Having bad credit is not an ideal situation, but unfortunately it is all too common a problem. This can have a serious impact on many different areas of your life, but there are always solutions available and it is important to remember that you can improve your score. Read more
By now, you should realize that we like to do things frugally around here. And we pretty much have to in order to make our blended family of 7 work, and not kill our finances. That being said, we have multiple budget strategies that we use, and that includes when we want to take the whole family on vacation. Take a look at how our family summer vacation strategy worked out so that we only spent a total of $393.93 for 4 days! Read more
There are loans one take and does not pay in installment. Payday loans, borrowing from loan sharks, etc. are pretty dangerous as they need to be paid at once.
If you read my last post, then you will remember that my two children and I were getting ready to head out on our annual birthday summer trip. I always try to make the trip a ton of fun, but also on the more frugal side. So here is the big question: Was I able to keep our vacation frugal? And did I do it cheaper than last year?
Should you buy or should you lease? Ask 100 people, and you’ll likely find a split vote. There are some people who would never lease or never buy, and they’ll have plenty of so-called facts to back up their decision. In reality, one isn’t better than the other—it just depends on what works for you. Most people are more familiar with buying or financing a car rather than leasing a car, but that doesn’t mean ownership is the “best” route.
Every summer, since I have gotten divorced, I have taken my two children on a summer vacation. We always try to go the last week of June, because it happens to be in between all 3 of our birthdays. Therefore, we call it our Summer Birthday trip. This may sound extravagant, but I have always done it on the cheap, since I didn’t have much money for years.
A DBA (Doing Business As) is a company that does business under a different name, for example Coca Cola & Coca Cola Bottling Company. DBA is also called a fictitious name or trade name and is a required registration process for business owners that wish to do business as any other name that differs from their legal name. To become a DBA a business must apply. DBA application filing is a process overseen by DBA laws and local government form state to state, and protects the public from nefarious businesses owners.
An essential step in managing your money is paying your taxes. Even if you are diligent with your tax payments, you may be involved in a tax controversy. A tax controversy is any matter disputed by the IRS. A mistake on your tax return can trigger a civil action or a criminal charge such as fraud. If the IRS contacts you, review the notice to determine how to respond.