Over Consuming Usually Leads to Financial Failure

Over Consuming Usually Leads to Financial Failure

If you Eat up all your Cash Flow by over-consuming, you will not move forward with Finances.

 

Let’s discuss a major problem that is taking residence everywhere in the US. Over consuming in general is a problem for millions of people and these people actually think that no real issue exists with the behavor. When you take money, primarily income and you use all of it by spending it on consumables, you fail to use it towards imperative financial goals.Thus you might be headed down the wrong path because over consuming usually leads to Financial Failure.

The little squirrel in the picture is actually showing you an example of what happens in today’s modern day spendthrift society, we earn, we spend, and then we spend some more. If all your income is headed towards, living expenses, food, transportation, stuff, services, utilities, gifts, and more things something is fundamentally off. As you are a very astute person to see, that several important categories are missing to complete the big picture in a simple budget, and they are Saving, investing, and Donating. The trick is never ever remove saving or investing from an efficiently established personal finance budget.

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Don’t Forget to Take Advantage of These Tax Deductions

 

Don’t Forget to Take Advantage of These Tax Deductions

Don’t Forget to Take Advantage of These Tax Deductions

When it comes time to file your taxes, you may forget about some of the tax deductions that you can take. In fact, there are many different deductions that you may qualify for and many people do not even know they qualify for some. If you visit a CPA or tax preparer, you will find that the person guides you and helps you claim all deductions you can. But, if you file your taxes yourself, you may be leaving a lot of money on the table. A new study conducted by Harris Polls showed that Millennials fear taxes. But taxes don’t have to be so bad.

Below, we will go over some tax deductions that you need to keep in mind and of course, claim them if you can.

  1. Lifetime Learning Credit

The lifetime learning credit is one that is often overlooked, but it can offer students an opportunity to earn some money back. Students who qualify to claim this credit will need to make less than $60,000, if they are single and less than $120,000, if they are married. You can claim up to $2,000 in education expenses, which includes things such as books, laptops, and any other products or supplies you purchased to be used at school.

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Always Aim to Be As Efficient As Possible

Always Aim to Be As Efficient As Possible

Always Aim to Be As Efficient As Possible

Hey guys do you wake up in the morning and think I will be wasteful today. I hope not and if your like me you will always aim to be as efficient as possible. Like a brand new Prius car eking out the last ounce of gas to get you every last efficient mile during a road trip. Think of your action and movements in life as if your a Prius car, and become an efficiency machine.

Lets dissect the real meaning of efficiency courtesy of good ol’ wikipedia :

Efficiency is the (often measurable) ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result. In a more general sense, it is the ability to do things well, successfully, and without waste.

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8 Creative Ways to Save Dollars

8 Creative Ways to Save Dollars

8 Creative Ways to Save Dollars

Hello friends today is another money saving opportunity to help you reach your savings goals. We can achieve so much financially if we focus and stop placing limitations on our ability to save more. I have a few pieces of financial information to make you rethink the normal way to save money. The 8 creative ways to save dollars was established especially for you, to conquer any money goals you need to complete in 2016.

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Car Dealer Shenanigans

Car Dealer Shenanigans

Did you ever get taken advantage of by a Car Dealership?

OK we all know how most car dealerships try to scheme and frankly steal as much as possible from customers. Some do it with no shame, while others have no qualms in specific financial dealings with customers. I recently thought back to some of the interactions I’ve had with car dealerships and put together this interesting post. The point is to help people be more informed over how Car Dealer Shenanigans can eventually damage your future cash flow by persuading you to take on more than your wallet can chew.   Continue reading

What is your Personal Finance Attitude?

What is your Personal Finance Attitude?

What is your Personal Finance Attitude?

Many times I sit and think about how attitude can be a deciding factor in how life turns out. If your attitude is steered towards a particular view point, it can either be a winning or losing battle for you. So knowing what is the right attitude to have towards money can once again be the answer your looking for. What is your Personal Finance Attitude? If you ask this of yourself from time to time it will trigger something within you to find where you stand.

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Why I’m not Buying Sneakers In 2016

Why I'm not Buying Sneakers In 2016

Why I’m not Buying Sneakers In 2016

As many of you know I am a sneaker fanatic. But I am coming to a realization that I need to reign in my expenses and I already have sufficient kicks to last me a decade. So in this new year I will not buy sneakers for 12 months. All year long I will not buy any sneakers for personal use. If I can find a good deal that I can later sell for a profit then I might buy something to resell. But I will only consider any sneaker purchase if and only if it makes business sense. (To buy and flip only) Why I’m not buying sneakers in 2016? Keep reading to find out why.

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The Solution to Money Problems is Solved by Not Spending

The solution to money problems is solved by not spending

The Solution to Money Problems is solved by not Spending

What’s going all you great readers today we have a post that is going to challenge some of you and possibly motivate others to do a spend freeze, so strap on for the fun ride. The secret thats not really a secret in the personal finance world, is how much money is wasted from spending excessively by people who appear to be in control of their money. In reality they are far from controlling those elusive dollars, who appear to slip down the imaginary financial black hole. The solution to money problems is solved by not spending.

If you can control and manage the consumption of things, services, foods, resources, whatever it may be, you can become stress free with life’s finances. The concept is really not that hard, and closing up the purses and wallets might be a wonderful solution for many who currently experience money issues.

The real question I wanted an answer for today by writing this post, is to find out how much do we as Americans spend per day and what day of the week is the most spend thrift day? After finding the info I wanted to share it with all of you so you can compare and contrast dollar amounts.

The Data was found and It is hint, hint – Saturday as the most costly day for non necessities at – $76 dollars per person * Last Saturday I spent less than this amount for non necessities and that makes me content.

The Data about total consumer spending is a bit harder to find, but one website said that is around $94 Dollars is the average total per day. My average per day is less than this because I go on various spending freezes.

I came across this cool Time article that gives us a real time info graphic of how much is spent in America per second and after 100 seconds,it showed the unabashed way we spend millions per second. After seeing the figures below, Do you still think Amazon doesn’t make a profit? (I doubt it)

Every 100 Seconds we Spend – $900,000 Online – $9,200,000 Off Line = around $10 Million Dollars

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