Lists

All of our “list” posts. Great for quick skimming. See 10 of this and 20 of that on everything finance to productivity related.

5 Things You Need to Know About the Mortgage Forgiveness Debt Relief Act

5 Things You Need to Know About the Mortgage Forgiveness Debt Relief Act

Americans struggling with substantial mortgage debt that exceeds the value of their home have several options, including a short sale, foreclosure, or mortgage restructuring. Traditionally, any of these options that results in forgiving or discharging some of the debt on their primary home results in a form 1099-C, Cancellation of Debt, from the lender.

The IRS considers most forms of cancelled debts, including mortgage debt, as income for the recipient. This can mean a tax bill of thousands of dollars, even if you lost the home in foreclosure.

The Mortgage Forgiveness Debt Relief Act of 2007 was passed at the height of the foreclosure crisis, gives homeowners tax relief from this forgiven debt. Here’s what you need to know about the Mortgage Forgiveness Debt Act.

10 Effective and Practical Tips to Save Money While in College

10 Effective and Practical Tips to Save Money While in College

Attending post-secondary education such as college or university can be very expensive and often time’s students are left with large sums of debt after they’ve graduated.

To avoid going into debt after your done your post-secondary education, I’ve created a short list of 9 handy tips to help you save money while in university or college.

4 Ways to Cut Down Costs on Holiday Home Decoration

4 Ways to Cut Down Costs on Holiday Home Decoration

We can all agree that one of the most stressful parts about Christmas is budgeting – for home decorations, presents, and last-minute family trips. You want to give your significant other or favorite sibling the best Christmas present ever, but you’re falling short on funds.

Spare yourself the heartbreak of not fulfilling their wish lists with these tips on how to cut down on decoration costs. Tis’ the season for giving, not grieving.

6 Financial Mistakes Young People Make

6 Financial Mistakes Young People Make

When we are young, we do all sorts of silly things.

We don’t think too far in advance, are susceptible to pressure from friends and like to push boundaries.

In most cases, this is all pretty harmless stuff, and it’s something that most people grow out of.

Yet, the financial mistakes we make in this period can set us back for many years to come.

3 Foolproof Pieces of Advice for Saving Toward Your First Million

3 Foolproof Pieces of Advice for Saving Toward Your First Million

“I remember making my first million dollars.”

Sure, it’s a sentence we’d all love to be saying sooner rather than later.

However, given the fact there are relatively few millionaires in the world, the dream of making our first million dollars, let alone a second or third, seems pretty far away, doesn’t it?

It doesn’t have to be.

4 Things to Negotiate When Taking an Auto Loan

4 Things to Negotiate When Taking an Auto Loan

Public transport doesn’t meet the transportation needs of many Americans and an increasing number of people are deciding to own cars.

The easiest way to pay for a car is by cash or check but not many people can afford to pull out $20,000 to buy a car and drive it off the lot. Hence, most car buyers need to take up one form of auto loan or another.

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