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DON'T BLOW YOUR TAX MONEY! MONEY MOVES TO MAKE NOW BEFORE IT'S ALL GONE Mar 31, 2019

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I have been getting questions lately on what people should do with their tax money, so I wanted to compile a list of some of my favorite tax money moves:

PAY OFF DEBT
OMG!  This is my personal favorite way to use my tax money because that is currently where I am in my money journey....

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EPS Mar 27, 2019

Definition

EPS stands for earnings per share.  This is how much of the company's profit they are sharing with stockholders on a per share basis.


Why It's Important

EPS holds a lot of weight when investors are evaluating stocks.  I think an example will better illustrate why:

Let's say we...

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EBITDA Mar 20, 2019

Definition

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. 


Why It's Important

This is one measure you can use to determine a firm's financial performance.  What does this have to do with personal finance?  Well, if you are evaluating investments you...

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TAX DEDUCTIONS Mar 13, 2019

Definition

A tax deduction lowers a taxpayer's tax liability by reducing the amount of taxable income.



Why It's Important

You have probably heard a lot about tax deductions and tax credits during tax season, so I wanted to debunk what they are.  I covered tax credits so now it's all about...

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TAX CREDIT Mar 06, 2019

Definition

A tax credit is an amount of money that taxpayers can subtract from what they owe the government


Why It's Important

You have probably heard a lot about tax deductions and tax credits during tax season, so I wanted to debunk what they are.  I will cover deductions next week.  Tax...

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DEBT CONSOLIDATION Feb 27, 2019

Definition

Debt consolidation is when you take several debts and get a loan to pay them off, therefore, providing you with one monthly payment instead of multiple payments


Why It's Important

I will probably do an article soon on debt consolidation and credit card balance transfers since they kind of...

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BANKRUPTCY Feb 20, 2019

Definition

Bankruptcy is a legal preceding that involves a person (or business) that is unable to repay their outstanding debts

Why It's Important

Declaring bankruptcy gives the filer a chance at regaining financial traction after a hard fall.  Depending on the type filed, some or all of the...

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HOW I SAVED MORE THAN $1000 LAST YEAR AT THE GROCERY STORE saving saving money Feb 08, 2019

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OK, so I felt like this was a timely post in light of the government shutdown and the possibility of families not receiving food assistance in the coming months.  If you aren't aware of all the changes, you can read about it here.  I want to keep this post focused on how families...

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INCOME TAX Feb 06, 2019

Definition

Income tax is a tax that the government imposes on both individuals and businesses.  These funds go to support our government infrastructure. 

Why It's Important

Because it's tax season, I thought it would be appropriate to discuss income taxes.  You probably get them taken...

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NET WORTH investing wednesday word of the week Jan 30, 2019


Net worth is calculated by subtracting your liabilities from your assets.  If your liabilities are more than your assets, you have a negative net worth.  If your assets are more than your liabilities, you have a positive net worth.

Why It's Important

We have finally reached the last piece...

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5 RIDE SHARING STRATEGIES I USED TO EARN MONEY Jan 16, 2019

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I am always trying to find ways to pay off my debt faster!  One of my favorite ways is to participate in the gig economy, particularly ride sharing (driving for Uber & Lyft).  Now, I try to drive every other weekend when I don't have my kids.  Last year, I made about $2,500...

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LIABILITIES investing wednesday word of the week Jan 16, 2019

Definition

Liabilities are anything that you owe (debt). They can be divided into Current and Non Current Liabilities, depending on how soon you have to return that debt.

Why It's Important

It is important to know what liabilities are on your personal balance sheet because it allows you to make sure...

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