Money Coach: Four stages of wealth

March 22, 2013

Barbara Stanny describes the four stages of wealth as survival, stability, wealth and affluence. Based on thousands of hours as both a client and a counselor in the money coaching process, here is my understanding of each stage.

Survival

You…

Ask Jane: Do I owe Social Security taxes on my housekeeper?

March 21, 2013

You do — which comes to most people as a surprise.

You probably know that you owe a nanny tax on the wages of…

Filing a tax extension for your business online

March 21, 2013

It happens to the best of business owners. One day, you’re rocking along on your taxes … and suddenly your receipts are missing or your business partners forget important tax write-offs. Now you’re thinking you need to figure…

Do I have to file separate tax extension for my business and myself?

March 21, 2013

If you don’t think that you’ll be able to prepare your business tax return and gather the necessary documents on time, consider requesting a…

5 ways to offset higher taxes this year

March 21, 2013

By David Bakke, Money Crashers. With the 2013 drop off the fiscal cliff, most American families are going to see taxes increase by $1,600 this year — around $140 per month.

Couple that with an unemployment rate of almost 8 percent, and it’s…

Student Debt Survivor: Fighting my student debt demons

March 20, 2013

As early as I can remember, I’ve always had a desire to succeed academically, attend a prestigious university, snag the perfect job and make my parents…

Budget Blonde: How I decided to live more with less

March 20, 2013

Before I moved to the Caribbean island of Grenada, my idea of a good time was renting a movie off of Netflix, going out to eat at a nice…

Q&A: 5 things to consider while interest rates are low

March 20, 2013

The Federal Reserve has a pledge to keep interest rates low until unemployment falls below 6.5 percent and inflation tops 2.5 percent. But with the…

When you need to stop a payment

March 19, 2013

NEW YORK (MainStreet) — Spending money is easy, especially these days. Just give a credit or debit card number, set up an automatic bill payment or, if you must be old fashioned, write a…

Q&A: When should I use my emergency fund?

March 19, 2013

Your emergency fund should only be used for a large unexpected expense for which you have not otherwise budgeted.

Typically the main purpose is to support some level of reduced living expenses in case you…