January 28, 2013

Figuring Your Taxes Without All of Your Tax Forms

Every year around this time, I receive messages from readers who are anxious to file file their tax returns. This is especially true if they’re due a refund. And who can blame them? If you’re owed money by the government, you should try to get it back as quickly as possible. A common question is whether or not you can file your return if you haven’t received all of your tax forms. […]

My Five Tenets of Financial Independence

“Financial independence” is a term that I often use on The Simple Dollar to describe my primary long-term goal when it comes to my finances. The catch with a phrase like “financial independence” is that it can have such drastically different meanings to different people.For example, some people consider themselves financially independent if they’re able to cover all their monthly bills. […]

Good Debt vs. Bad Debt

The accumulation of debt is can be a necessary evil for personal finances. The majority of us don’t have enough cash on hand to pay for a child’s education or a house. However, a majority of people often let debt grow to dangerous levels. […]

When Do You Pay Taxes on a Roth IRA Withdrawal?

The general feeling on the Roth IRA is that the money grows tax free. When you are ready to withdraw the money, you do so without paying taxes. While this is true in a number of cases, the reality is far less cut and dry. […]

Paying Off Mortgage Progress January 2013

My wife an I are working hard to achieve our goal of paying off our mortgage early. As of February 2013, my wife and I will have lived in our new home for 3 years. We have a conventional, fixed-rate, 15-year mortgage.  We recently reduced the interest rate on our mortgage. Our goal is to pay it off our mortgage in less than ten total years. As of February 1, 2013, we will have made 35 regular, mon […]

Reader Mailbag: Ice Storm

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Finding my 401(k) 2. Giving to church or charity? 3. Mortgage schedule 4. Leftover standby 5. To mortgage or not? 6. Frugal solitaire activities 7. Monthly service contracts 8. Making your own clothes 9. […]

SteveDH December 2012 Net Worth

Naked With Cash is the year-long series on Consumerism Commentary where seven readers’ households share their financial progress on a monthly basis. I’ve partnered with financial planners who will offer some guidance along the way. Read this introduction to learn more about the series. SteveDH is retired, and he and his wife have two grown kids. […]

What To Do If Your W-2 or 1099 Is Stolen

We all know that tax fraud and identity theft are big time issues these days. So it must make thieves smile when they know that W-2s, 1099s, and all sorts of juicy identity laden information is being circulated through the massive insecure United States Postal Service system. […]

What 20-Somethings Can Do About Credit Card Debt

You've probably seen the recent headlines that say young adults are going to be carrying credit card debt to their graves. This reaction is due to a study at Ohio State University that showed that people born between 1980 and 1984 have, on average, $5,689 more debt than their parents had when they were the same age. […]

30 Free Ways to Cheer Yourself Up

Having a genuinely sunny disposition isn't my default mode. For much of my adult life, I have had an overly analytic bent and a tendency to consider worst-case scenarios, which may have engendered thoughtfulness and responsibility but not lively exuberance.  I have had to learn and practice optimism, lightheartedness, and, well, cheerfulness. […]

Best Money Tips: Parenting Products to Buy Used

Welcome to Wise Bread's Best Money Tips Roundup! Today we found some awesome articles on parenting products to buy used, making a small space seem bigger, and the cheapest 2013 car models to insure. Top 5 Articles Parenting Products to Buy Used (and What to Skip) — It is ok to buy changing tables or other baby furniture (with the exception of cribs) used. […]

Party philosophy: When to spend big on fiestas

I grew up in a family not given to extravagance with regard to birthdays. Not that we could have been extravagant if we would have wanted to. With five children close together in age, a dad who’d pursued ministry as a career (and not one of those relatively lucrative evangelical TV ministries, either), and a mother at home with us, money was tight. […]

Freelancing: A Beginner’s Guide to Doing It Right

Depending on the field you’re in, freelancing can be a great way to make extra money or transition into a full-time flexible career. But doing it right takes some planning and strategy. If you’re considering freelancing as a way to supplement or replace your current income, here are the basics on how to get started. […]

Reader Profile: SM

The following is the latest post in my "Reader Profiles" series. Each post in this series details the financial situation and challenges of an FMF reader. […]