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Tagged With "tax time"

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Eyebo Oweiski

Eyebo Oweiski
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Re: Hello new members!

Scarlet Hope ·
Hello all, So glad to be here. I am presently a full time employee as well as an entrepreneur working with network marketing. My goal is to gain financial freedom from bills and be able to get finances in order so I can afford to do things I'd like to do from remodeling my home to traveling. So I am here to learn better financial habits and ideas that will help me accomplish my goals. I am also here to help others as well with issues I have knowledge about.
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Re: How To Save Money on Groceries

Briana ·
I've really started working on the first one here, Melanie! I used to go out and buy more food every time I was "bored" with what I already had in my fridge. Now I try to find fun ways to utilize the food I already have in my cabinets. Just last week, I forgot I had turkey burgers and fish still frozen (and perfectly good!) in my freezer.
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Re: How To Save Money on Groceries

Men On A Budget ·
The "average" household should not exceed 10% of take-home income for food. The issue that I have, with my wife and I on retirement income, is that we do not have the average income those cited financial experts are talking about. We are literally only a few dollars above the thresh holds for receiving many of the governmental benefits that would allow us more budget boosters. The good news is that we have more time than money that we can use to get to our target, allowing us to have more by...
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Re: Side Hustles

Men On A Budget ·
My "side gigs" started when I was in sixth grade (age 12) and I haven't stopped even in my retirement. I was working five or six side hustles through my junior high and high school years... yup, back in the 1970s! You've surely heard of teen millionaires, right? Well, I was NOT one of them. I was, however, able to support private art lessons and supplies in the following ways: Selling unimprinted calendars in the Fall / Winter with overstock from neighbors who ran a printing press in their...
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Re: How To Save Money on Groceries

Men On A Budget ·
Couponing is just such a waste of time, right? I have a single female friend with multiple stores in her area wondering if she can hit a $3,000 total of savings from her local Stop & Shop by end of year. Not a bad part time "gig" in my opinion for a few hours of time here and there. ((Note: I have seen untouched photos from the same store chain in excess of $20k for a lady with a family very active with donating to charities)). I'm not as cuckoo for coupons but my wife and I do pretty...
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Re: Side Hustles

Brian Winch ·
I started a side gig back in the day when it was referred to as "moonlighting" in 1981 and grew it into a profitable full-time business that I continue to operate. I clean up litter outside commercial properties on foot using simple hand tools. It's almost as easy to do as going for a daily walk! My latest side hustle is my book, Cleanlots, that shares my experience with others wanting to do the same.
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Re: Is Your Life Taxing?

Lisa Eichinger ·
I also have been doing my own taxes for well over 20 years. It's a money saver if you know what you are doing. This up coming year will be a bit different due to tax changes but probably simpler for those who know how to do them.
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Re: Side Hustles

Kirsten Cherry ·
I love doing VIPKID the most because I'm a very social person and I get to interact with kids who are excited to learn. The pay is also substantial so that makes the top of my list. I also love the ease of user testing because it takes 10-20 minutes and is decent pay for that little time!
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Re: What are some really effective ways to boost a credit score?

Briana ·
@Deven @Adam thank you, thank you! These are great tips. I actually looked into a balance transfer card to cut out the interest for a certain number of months - that way it holds me accountable to actually pay off the card by that time.
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Re: Is Your Life Taxing?

Briana ·
What tax changes will be different this upcoming year @Lisa Eichinger ?
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Re: Is Your Life Taxing?

Lisa Eichinger ·
There are no more exemptions for each person, the standard deduction has increased, the tax rate has decreased, and W2 employees can no longer deduct unreimbursed work expenses, to name a few.
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Re: Is Your Life Taxing?

Briana ·
Thanks for sharing, I wasn't aware of some of these!
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Re: Giving up cable -- what's the best replacement option?

Khiemosabi ·
I cut cable out about 5 - 6 years ago and never looked back. My favorite service is Netflix and with its current run of original content, it provides a ton of entertainment for roughly $11 a month. In addition, I share a spotify account with my girlfriend and because she's a student, we get access to Hulu. That is $5 a month. Lastly, I rounded my it all out with amazon prime video, which is $119 a year or $10 a month. My total entertainment cost is $26 a month which is far below any cable...
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Re: Is Your Life Taxing?

Lisa Eichinger ·
My pleasure! I prepare taxes as a second job so I have to keep up the changing laws
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Re: Giving up cable -- what's the best replacement option?

Men On A Budget ·
Alexis : I am researching the options that you have for Soccer (UK) in order to provide you with a more concise response to your specific needs. Can you tell me what channels you are currently accessing that give your husband the games that he's most interested in? I don't want to research three hundred UK based cable subscription channels in an effort to reinvent the wheel when you two already have the answers that I need to save us both time and trouble. /rayt
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Re: Hello new members!

Treehugger ·
Hello, I have been an avid follower of the Penny Hoarder Facebook group for many years and have tried quite a few of the suggestions posted. From no spend months, cell phone plans that are less expensive than name brand national carriers, to robo investing options. I am a 40 something mom who will have a college freshman next fall and am looking forward to suggestions/posts. I work full time (Accountant) so am good with money, but really enjoy all of the ways people have found to save!
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Re: Is Your Life Taxing?

Wen Dee ·
In Florida and maybe other states AARP offers free tax prep/filing for anyone in the community. We have used this service for years.
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Re: What are some really effective ways to boost a credit score?

Drumtrip ·
@Briana I used to work for a credit card company! Some of the best ways to quickly boost credit scores. 1) Don't close credit cards, especially your oldest one. Instead you can just shred the card if you never intend to use it. This keeps your credit line open on your credit report. 3) Ensure you have enough credit, this sounds counter intuitive but having the right amount of credit in good standing shows that you can handle it and helps in the algorithm, even if you pay it off every month.
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Re: Hello new members!

Jana ·
Hello, everyone. I'm Jana. I'm a brand new blogger. I have a money-saving blog with discussions and resources on how to save money by getting freebies and winning prizes online. I've saved so much money doing this, and love to share how with others. My financial goals are aimed at being able to reduce my work hours (at my 'outside' full-time job) in 2019 and to be able to quit that full-time job in the future.
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Re: What are some really effective ways to boost a credit score?

Briana ·
These are all great tips! Thank you so much! I was always questioning whether I should close one of my cards or not, so now I have my answer.
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Re: Side Hustles

Vanessa ·
I do InstaGC, Swagbucks, and Prolific Academic. These are sites where you can take surveys, watch videos, signup for newsletters, print coupons, and a bunch of other stuff. I make a couple hundred extra dollars per month doing this on top of working a full time job.
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Re: High-interest savings accounts

Adam ·
I recently opened a savings account with Ally. It had the highest APY that I saw at the time. It's been good so far. They allow for plenty of transfers per statement and partner with Zelle for immediate transfers. That being said, hearing about 2.4% and 3% APY is changing my mind lol
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Melinda ·
My taxes are kinda complicated with investments and multiple streams of income, however I still do them myself with Turbotax...
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Moore Income ·
I have personally shyed away from TurboTax because every time I have started using them they wanted to add on fees for different things. Have you found this to be the case or is it worth the fees?
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Re: 5 Things to lookout for when seeking to make money.

Moore Income ·
All of these are great ideas when trying to earn extra income. I agree that surveys, etc. can be a big waste of time and really are not worth it. I did want to add that when it comes to getting a second job, working at a fast food place isn't your only option. I personally deliver food in the evenings for BiteSquad as a way to earn some extra money. Depending on where you live, there are many different "on-demand" and "gig economy" jobs that allow you to earn income with a lot more...
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Briana ·
@Lisa Eichinger may have some good insights for you here!
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Lisa Eichinger ·
I do them myself.
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Briana ·
Yes, I remember. I was wondering if you had any advice for @Moore Income about where he could go to get them done?
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Lisa Eichinger ·
Sorry. @Moore income: turbo tax and H&R block are still good places to do taxes on your own cause they will walk you through everything online. It will generally be up to you if you want to pay to get them done and how much you are willing to pay. Credit Karma also offers free tax filing if you have an account with them. Even with the changes in your life in the past year, it won't make things too difficult in the tax aspect if you decide to do them online by yourself.
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Briana ·
No apology necessary, thank you so much!
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Moore Income ·
@Lisa Eichinger Thanks for the clarification. I was hoping that would be the case but wasn't sure.
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Re: Who taught you your most important money lesson and what was it?

Sewspcl ·
My mother. She always said make a trash small. Save your pennies, pick up a penny. Water down everything to make more including soup, spaghetti sauces, gravies. We made and popcorn and VHS tapes to entertain ourselves. Always pay yourself 1st period try saving $50 a week by the end of the month you've got $200. If not weekly try bi-weekly. Don't throw out old clothes just cut them up and make a blanket or throw. Being thrifty doesn't mean being cheap. Because you always end up with more...
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Re: Save Money on Travel

LaKisha Dillingham ·
Hopper (App) and Google Flights allow you to monitor the price of airfare for your destination and recommend when the ideal time is for you to purchase tickets.
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Re: How To Save Money on Groceries

Former Member ·
Two things that have helped keep my grocery bill down lately: 1. I do only slight variations on breakfast and lunch items I take to work, so that I'm not starting from scratch every time I meal prep. For instance, changing the seasoning I use on chicken makes the salad I take every day taste different from batch to batch; or sometimes I might add cheese, or another veggie, or something but not have to reinvent the salad wheel. 2. Man, my boyfriend took me to Aldi. What a game changer.
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Jeff ·
I have used H&R Block to do them myself for over a decade, after experiencing the additional fees with Turbo Tax that you mentioned, makes it accurate. Before those programs, I used a CPA for my businesses and he plugged in the numbers and charged a fee, was disappointed with what I got back and double-checked everything. They don't always ask questions as to why you did something and/or how you used it, which cost me a ton of time to redo my tam and get quite a bit back. (Ex: I bought...
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Lisa Eichinger ·
That unfortunately is the case for a lot of people. I am one of the few that asks questions and wants to know what other business expenses they had that they didn't know could be deducted like bills for a shop they own, etc.
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Re: First time home buyer

Alexis Grant ·
A few pieces I learned from my own experience buying homes -- once in Virginia, another a few years later in Florida... You see realtor fees when you SELL a house, but not when you buy. When you sell, you have to pay a percentage to your own realtor and to the realtor of the buyer. I bring this up even though you're looking to BUY because my first time around, I didn't realize what a big hit this would be when we sold a few years later. Because this piece didn't affect us when we purchased...
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Re: Hello new members!

SDT ·
Hi, I’ve followed Penny Horder for quite a while and have learned new way to save and be smart about money. We are a year away from retiring and 2 yrs ago downsized to a condo, sold a lot of “stuff” our adult kids didn’t want , it has been a good move. We have a small mortgage and car payment and aside from regular living expenses are ok. Still not working full time and managing retirement is daunting to think about so being here is a great place to learn . I also have told my adult 3 kids...
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Re: Cutting the Cable Cord - how to save $ and cobble together the right streaming services

Isabel ·
UPDATE: So I canceled Sling because it's missing FOX news. I instead am trying Hulu Plus Live TV and I am very pleased with it. It has movies, Live TV, and much more. It has every channel I like to watch. So Hulu plus LiveTV $39.99 (going up $4.99 in February) and Netflix $8.99 pretty much sums it up. I also believe Hulu gives you recording and pause, fast forward, etc. I may not keep Netflix because Hulu gives me pretty much all I want. No contract. So even at $55.00 I'm good and I won't be...
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Re: Cutting the Cable Cord - how to save $ and cobble together the right streaming services

Savvy Susie ·
Netflix allows up to 5 users on one account. Consider sharing the account (and the cost). Pretty much the same with Amazon Prime. Plus free streaming TV--Pluto TV comes to the top of my mind--is totally free and provides some interesting content. You can also watch a tremendous amount of content on YouTube's streaming app. At Christmas I was surprised to find that my favorite holiday movie (Scrooge, 1970, starring Albert Finney) is available on many streaming services for a fee, but free all...
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Re: Problems smell money

Moore Income ·
I totally feel ya! It does seem like when you are getting to a good place financially, something comes up and sets you back. I personally have started implementing the "Pay Yourself First" principle, which I learned a lot about in the book "The Richest Man In Bablyon" Somewhere else I read that this amount (typically starting with 10%) that you pay yourself is supposed to be completely separate from even your emergency fund etc. I can see how this might be difficult and require some...
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Re: Hello new members!

Bodyguard5280 ·
Hello, My name is Mark. I am currently only working part-time. I was laid off from my full-time job two months ago. I have been battling cancer and have been living off of unemployment and the generosity of my community while looking for a new career path. I am taking this time to also learn to be better with my finances and be able to save despite my situation.
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Re: Grocery Shopping - How far away is your usual store?

mintjulep ·
I stick with my favorite grocer which is about a 5 mile drive from my home. Once in awhile I drive a bit further to a Wal-Mart which is about 15 miles but only if my shopping list grows to add non-grocery items that I really feel have significant savings. I've learned the repetitive sales patterns for my favorite grocer, use coupons, and plan shopping around those sales. I've learned that getting to really "know" 1 or 2 particular grocers that are nearby end up saving me more money than...
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Re: Giving up cable -- what's the best replacement option?

Alexis Grant ·
Wanted to share an update because we found a solution that worked for us -- we can get (and record!) NBC Nightly News and soccer on NBCSC. We got a Roku (one-time fee of $29) and a YouTubeTV subscription ($39/month). Moved our cable/Internet package to just Internet, for a total savings of $70/month. Thanks for all the ideas here in this thread!
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Re: Grocery Shopping - How far away is your usual store?

Former Member ·
@mintjulep I also avoid hitting Walmart for regular grocery trips unless there are other items I need that are hard to find in other grocery stores. But that alone can be a time suck. Last time I went to Walmart I did so many laps around the store trying to find the non-grocery items (some in the hardware section, some in the laundry section? I'm not even sure, I left without getting everything I needed) that I could have just made two stops: grocery store and hardware store.
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Re: Down Payment on a House

Former Member ·
If you are a first time homebuyer, you can get away with as little as 3% down payment if you have a good credit score. Your payments will be higher, but if you can afford it that might be something to consider! Higher down payment is always more desirable, though.
 
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