5 Easy Ways to Build Your Emergency Fund

Posted by Don on April 5, 2016

One of the least glamorous parts of being smart with your finances is to build your emergency fund. We’ve talked before about the importance of having an emergency fund so I am not going to go over that again. But getting your emergency fund up to the amount you need it to be does take […]

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New Chase Freedom Unlimited with $150 Sign Up Bonus

Posted by Madison on April 1, 2016

Chase just rolled out a new card called the Chase Freedom Unlimited card… not to be confused with the Chase Freedom card! It features unlimited cash back at 1.5% without any quarterly rotating categories. The sign up bonus for the new card is $150. It’s our Free Money Friday offer! How to Get Your $150 […]

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Best of My Dollar Plan: March

Posted by Madison on March 30, 2016

This month our most popular finance tips were determining whether or not you can afford something, emergencies that aren’t really emergencies, reversing your Roth IRA conversion, a bonus worth over $1,000 and the last chance to pick up Starwood’s highest sign up bonus today. If you missed the most popular finance tips this month, here’s […]

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2nd quarter cash back is here! It’s time to organize, activate and put your cards into a regular rotation. In addition, since we still have the opportunity to double our Discover it Cashback to 10% the Discover card again remains at the top of the quarterly rotation list! Reevaluate Quarterly Cash Rewards It’s our quarterly […]

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The American Express Blue Cash Preferred card just increased their sign up bonus to $250. In addition, they rolled out an additional offer for 10% cash back on wireless. If you maximize the offer it’s worth $450! The Blue Cash Preferred Card from American Express is the card that gives 6% cash back on groceries […]

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Do You Have to Pay Income Tax on Social Security?

Posted by Madison on March 17, 2016

Do you have to pay income tax on social security? How will it impact the taxes on your other income from interest and dividends? Whether or not your social security benefits are taxable depends on your total income and filing status. In addition, it changes from year to year, so while your social security benefits […]

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How to Figure Out Whether Or Not You Can Afford It

Posted by Don on March 15, 2016

When you are shopping for a new item, a car, an appliance or even a house, if I were to ask you if you could afford the item, how would you answer? I’m not asking for you to tell me yes or no, you can or cannot afford it. Rather I want to know why […]

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Citi Prestige Sign Up Bonus Worth Over $1,000

Posted by Madison on March 11, 2016

We just circled back on our $4,500 Credit Card Application Spree to pick up our 8th day Citi card. (Citi’s rules state that you can’t apply for two cards on the same day, you need to wait 8 days to apply for the second card). We got a Citi Prestige card… a card I never […]

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Should You Reverse Your Roth IRA Conversion?

Posted by Jill on March 10, 2016

When you file your tax forms, you report contributions to an IRA or Roth IRA. You also report completed conversions (and corresponding tax liability) from one type of account to another. Finally, you can use your tax forms to reverse your Roth IRA conversion by recharacterizing your Roth IRA back to a Traditional IRA. Income […]

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How Much is the Penalty for No Health Insurance?

Posted by Madison on March 8, 2016

Obamacare, or the Affordable Care Act is now in the third year of providing health insurance. However, it’s only the second year of reconciling the health care requirements and the health insurance premium tax credit on your tax return. The fee, or insurance penalty tax, for going without health insurance increases each year. Here’s how […]

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