Many Americans are bogged down with liens from past due taxes. New collection policies give delinquent taxpayers a way to get out from under their liens. The IRS will be holding open houses around the country Saturday to answer questions and help those with tax lien issues.
A tax lien can be devastating
When the IRS places a lien on an individual for back taxes owed, it can be devastating. The IRS has the legal right to freeze assets and to make claims against them. Payments made to the taxpayer can be rerouted directly to the IRS. Furthermore, a tax lien lowers [...]
According to a survey commissioned by Redbook and Visa, 76 percent of soon-to-be parents say they feel confident that they’re financially ready for a baby. Yet any experienced parent knows one can never be fully prepared for the expenses of parenthood. That’s why understanding how to save on baby items is important.
Budgeting for baby: Don’t buy early
While things like onesie outfits, bibs, blankets, diapers, wipes, waterproof bedding and an infant-rated car seat do need to ready for duty before baby leaves the hospital, the rest of the shopping can wait until after baby is born. By waiting, the temptation to [...]
The recession of the past few years has brought about stories of people putting things off like having children or buying homes until economic conditions are right. Regardless of the fact that many people are tightening their belts, the wedding industry is still going strong.
Trip down the aisle still draws out the checkbook
There have been plenty of stories in the media about the recession killing industries, but one industry is still going strong — the wedding industry. Weddings, according to MyFoxNY, are a $74 billion industry. Not only that, but the industry has been growing in the past few years. [...]
Foreclosure rates remain astronomical and tragedy continues to hit families across the U.S. Yet one man’s tragedy can be an innocent investor’s opportunity. If you’re looking to snag an affordable home for cheap, learn how to finance a foreclosure property.
Foreclosures and REOs await
Thankfully, financing foreclosures and Real Estate Owned (REO) is an option that anyone who can come up with the money and is willing to bid can pursue. It is important to note that if you do attend a foreclosure property auction, you may have to bid against seasoned pros, which can drive up prices. If you keep your [...]
The recent 60 percent Netflix price increase has fans of the online streaming and DVDs by mail service up in arms, as the “Dear Netflix” Facebook page proves. For those who depend upon Netflix as the cornerstone of their personal entertainment routines, some tough budgeting decisions are coming. With just a bit of analysis, it’s easy to see which Netflix plan is best for you.
Netflix price increase: For a few dollars more
Netflix currently has more than 23 million active subscribers who pay approximately $10 per month or more for access to streaming video on demand and DVDs by mail. That [...]
Many people across the country live in neighborhoods governed by a homeowners association, a group that sets rules for living in an area. HOAs, as they are called, serve an essential purpose in many ways, but homeowners’ groups are coming under fire for ridiculous rules and foreclosing on residents.
Formerly booming homeowner boards losing money in recession
Thousands of residential neighborhoods and condominiums across the country are governed by homeowners associations. In fact, according to USA Today, approximately one in five homeowners in America belongs to an HOA, as they are often referred to. Of every 10 newly constructed homes, eight of [...]
According to a new poll, technology is the one luxury people are not willing to forgo in order to save money in the recession. Cell phones and Internet services are the new necessities in our modern age.
‘The last thing I would give up’
The National Foundation for Credit Counseling (NFCC) hosts a monthly Financial Literacy Opinion Index poll on its website. The June poll question was: “In order to save money, the last thing I would give up is…” The categories participants were given to choose from were cell phones, cable TV, designer coffee, eating out, catalog shopping (including online shopping) [...]