Taxes, My Closet, and Reader Goal

Posted by Madison on November 14, 2007

What do taxes and my closet have to do with readers? They are all part of my goals before year end. Why not combine them into one goal? I’m going to match the number of readers in clothing donations!

Tax Deduction for Women

Posted by Madison on November 13, 2007

Finished your taxes and looking for more deductions for next year? Donate wedding attire to charity, Brides Against Breast Cancer, to receive tax deduction.

Our Net Worth Increases: October 2007

Posted by Madison on November 12, 2007

Year to date our net worth has increased 19.3% through Oct 31, 2007. Our goal for 2007 is a 21.6% increase. Currently, it looks as if we will surpass our goal before year end. The total percent increase since we began “our dollar plan” is 1058%.

Millionaires in the Making: Pros and Cons

Posted by Madison on November 11, 2007

CNN Money hosts a section on their website called Millionaires in the Making. Once or twice a month they highlight a family that is well on their way. (Or sometimes not so well.) The articles disclose salary, debt, savings, and budgets for the highlighted family. What makes people want to give out all this information? […]

Continue reading…

Car Not For Sale

Posted by Madison on November 9, 2007

Right now I’m driving a 2005 Mercedes Benz C230. I got it as a birthday present from my husband 2.5 years ago. I love it! And I want to keep it forever…. but there’s two things that bug me about it.

Investment in Vanguard ETF for Roth IRA

Posted by Madison on November 8, 2007

I received a phone call earlier this week. Here’s a summary of how the conversation went: Me: Hello. Caller: Do I need a Roth IRA or Traditional IRA? Me: Roth. Where are you opening it? Caller: Scottrade. Me: Do you know what to invest in? Caller: No. Me: We’ll worry about that later. Are you […]

Continue reading…

Our 529 plans: Accounts and Rationale

Posted by Madison on November 6, 2007

I recently covered how to open a 529 college savings plan. I revealed that we have multiple plans for our children. We currently have six accounts in five different states. Here’s a summary of which states we have an account at and why:

How to open a 529 college savings plan for your children

Posted by Madison on November 3, 2007

As a mom of small children who spends time with other parents of small children, I’m often asked how to open a college savings account. Below I’ve put together a step-by-step plan to open a 529 plan. I’ve tried to keep it simple, as I often find the reason for not doing anything is because […]

Continue reading…

Early Retirement: How much money will you need?

Posted by Madison on November 2, 2007

So you don’t want to work until 62, 65, or 67? Many people are interested in retiring early, but do not know where to start. It is much easier to get there once you know how much you will need.

Today the Dollar-a-day challenge originated from junk mail again. The mail that I used to throw away is fulfilling many challenges and is turning into a great source of new money. I received an offer from Bank of America to use one of our current credit cards to receive $15. You must spend $250 before […]

Continue reading…