Financial stress and anxiety affect millions of people. No matter how much, or how little, money you make, you have probably felt financial stress at some point in your life. It doesn’t matter how well you think you’ve planned (or haven’t), things can happen that cause you stress or anxiety. Chances are you’ve had to deal with one […]
The post 7 Steps to Get Rid of Your Financial Stress Once & For All appeared first on Rich Single Momma.
Who wants to be a millionaire?!?!?! Remember that show? Today is the day you get to think about what it would really be like. Happy Be a Millionaire Day!
According to the National Day Calendar website May 20 is Be a Millionaire Day. Here are a few things you can do to get your millionaire dreams going:
This is a really good checklist to get you started.
Do you dream of being a millionaire? Is that your definition of being rich? What will you check off today in your journey of becoming a millionaire or Rich Single Momma?
For a little extra next level motivation watch this video Billionaire by Bruno Mars
The post Happy Be a Millionaire Day! appeared first on Rich Single Momma.
While growing up financial literacy was never really a topic of discussion. I saw money being made and money being spent but never really talked about . It is a shame because I’m sure so many of my financial mistakes could have been avoided. The closest thing I came to financial literacy was creating a budget using an income and expenses worksheet. I learned the activity but not really the principles. I suppose it was a good start on my journey to financial literacy.
Fast forward a few years when it’s time to go to college and get my first real job after graduation. I knew the basics but not really the mindset behind the money. I struggled through. I got into a lot of debt with credit cards and student loans. In fact I still owe on my student loans and I filed for bankruptcy a few years ago.This is not the financial legacy I want to leave my kids. I want them to have a smart financial future. Fortunately I’ve been hearing about teen literacy programs like the H&R Block Budget Challenge.
The H&R Block Budget Challenge is a free, financial literacy for teens program developed in the form of an online game for the classroom that simulates real life as an adult, including paying bills, credit cards, saving and more.
Imagine being able to get important financial education at school? Most schools do not teach a course on money management or financial literacy for teens. The parents are entirely responsible for this education, but unfortunately many are not equipped to teach their teens great money habits. The H&R Block financial literacy for teens program fills the gap because they stepped up and created a program to be taught in schools. It is fitting that a financial institution would do this. Great for building knowledge and relationships.
Who the Financial Literacy for Teens Program is For?
The program is designed to be taken in high school so it is for teens. A teacher must enroll the class for them to join the program. Home study programs are also eligible.
How to Participate in the Financial Literacy for Teens?
The program is an online game featuring real life experiences employees face after leaving college. The teen logs in and becomes a part of a wide network of other teens playing the same game.
What Do They Learn in the Financial Literacy for Teens?
Through the course of the game teens learn how to manage their money by earning, spending, saving, and investing their dollars. The students are scored based on the amount of money saved minus any fees that must be deducted. They are thrown into real life crisis scenarios that require them to think their way through a financial emergency
What are the Incentives?
Why would a teen want to be a part of this financial literacy for teens program? Other than for the information I’m thinking it’s probably for the amazing scholarships they can win for doing well in the program. H&R Block gives both classrooms and individual students a chance to win anywhere from $2500 to $100k in scholarships. I’d say that is a pretty awesome reason to learn how to manage money.
More than 90,000 teens participated in its first year, and they awarded teachers and teens more than $3 million in grants and scholarships. The company has announced the teen who finished first overall in the competition, earning a $100,000 scholarship.
During the middle of the school year five classrooms receive $2500. At the end of the year five classrooms receive $5000. The scholarship to 22 top Budget Challenge students is $20,000 and one student gets $100k.
And the Winner Is…
The most recent winner is Sean Lawrence, 17, of St. Clair, Michigan, is a senior at St. Clair High School. Following graduation in 2015, he will use his scholarship to pursue a degree in chemical engineering. He plans to attend Macomb Community College, Charter Township of Clinton, Michigan, for two years and then transfer to Western Michigan University. His goals for the future include working hard at a good paying job, while investing for retirement and saving for a house and a car.
This post was sponsored by H&R Block Foundation. The opinions expressed are my own.
The post How to Win $100k Scholarship Playing Financial Literacy for Teens Game appeared first on Rich Single Momma.
(BPT) – Tax season is in full swing and everyone is hoping for a refund from Uncle Sam. What will you do with yours? Whether it’s several hundred or several thousand, if you use your refund smartly, it can provide the jumpstart to boosting your budget and living financially well this year and beyond.
Americans expect to cash in during tax season, as nearly three-quarters of all taxpayers anticipate they’ll receive a return of $500 or more this year, according to a national survey conducted by Straight Talk Wireless. Furthermore, nearly 80 percent of Americans consider tax season as a time to think about ways to save money.
This year, maximize your refund with these five simple tips for getting your money fast, putting it to work for you and slashing monthly costs:
1. Get your refund ASAP
Want your refund as fast as possible? Skip the snail mail paper check and choose direct deposit into your checking or savings account instead. The IRS states direct deposit is the fastest, safest way to receive your tax refund, and better yet, people who combine e-file and direct deposit can get their refunds in as few as 10 days.
2. Start an emergency fund
If you don’t already have money designated for a rainy day, your tax refund can be a great way to give your savings a boost. Resist temptation to spend every penny and give yourself peace of mind by setting money aside for the unexpected. It’s a much smarter alternative than turning to high-interest credit cards in a pinch, plus you’ll earn interest while your money sits safe and secure in an account.
3. Cut your cellphone plan in half
A cellphone bill can be one of your largest recurring monthly expenses. Tax season is the ideal time to shop around to find an affordable plan that meets your needs. For example, Straight Talk Wireless offers the same phones on America’s most reliable network, but at a fraction of the cost. For just $45 a month, you can get a no-contract unlimited talk, text and data plan with the first 3GB of data at high speed. Visit www.straighttalk.com to learn more.
4. Lower your utility bill
Consider using part of your refund to invest in items to lower your utility bill and enjoy savings all year long. One of the best options is a programmable thermostat – an affordable upgrade that lets you adjust the temperature when you’re not home. By turning your thermostat back 10 to 15 degrees for 8 hours while away, you can save up to 15 percent a year on your heating bill, states the U.S. Department of Energy.
5. Shop smart at the grocery store
Grocery bills hurting your budget? Adopt a new approach starting now. First, never underestimate the impact of shopping sales and using coupons. Next, always make a list and stick to it – it cuts impulse shopping (and your bill) dramatically. Finally, consider the benefits of buying in bulk and stock up on affordable alternatives to your favorite foods, such as frozen vegetables, canned fruits and generic cereals.
The post How to maximize your tax refund and cut monthly expenses appeared first on Rich Single Momma.
Watch this video if you are curious about how to make money online with surveys, focus groups, and more. Feel free to ask me your questions about working from home or making money online. No question is dumb (just as long as it’s relevant). I’m happy to help
========================================
Places to find make money online or work at home opportunities:
http://ift.tt/1goUNr2
http://wahm.com
http://amylynn.org
http://ift.tt/1n5hZ50
=======================================
Connect with me on:
Instagram – http://ift.tt/1n5i1tC
Twitter – http://ift.tt/1n5hZlf
Facebook – http://ift.tt/1pw35Tr
With the economic ups and downs of the last several years, many Americans are more motivated than ever to get their finances on track. With some financial alternatives expiring before the year’s end, there’s no better time than the present to start.
“If you’re waiting until the New Year to resolve to better your finances, you may want to think again. You could be missing out on some year-end strategies that could help bolster your retirement savings and even provide tax benefits,” says Lule Demmissie, managing director of retirement at TD Ameritrade, Inc., a broker dealer subsidiary of TD Ameritrade Holding Corporation. “By being proactive, you can really have a positive effect on your nest egg.”
Demmissie offers 10 smart year-end strategies to help you start the new year with a strong financial focus:
1. Make 401(k) contributions by the end of the year
Not good at regularly saving for retirement? Make up for it by investing part of – or your entire -year-end bonus. For 2013, the maximum 401(k) contribution for people younger than 50 is $17,500. It’s a simple way to help build your retirement savings.
2. Play catch up
If you’ll be 50 by the end of the calendar year, now may be the perfect time to make catch-up contributions. In addition to the $17,500 401(k) maximum, people 50 and older can make a $5,500 catch-up contribution. Visit the IRS website for more information on contribution amounts.
3. Invest in a traditional or a Roth IRA
While the deadline for this year is technically April 15 of the next year; some say don’t wait to make contributions to an IRA for the 2013 tax year. Take advantage of the tax benefits, such federal tax-free growth and tax-free withdrawals during retirement. For traditional IRAs, most wage earners can deduct contributions on income taxes now and pay the taxes upon qualified withdrawals in retirement. Note: Adjusted Gross Income (AGI) limits apply for deductibility for both Roth and traditional IRAs.
4. Invest in a child’s future
Give your child a head start in life by investing toward his or her education. Consider opening a 529, Coverdell or custodial account. For parents of children already in college, don’t forget to take advantage of the American Opportunity College Credit if you are currently paying your child’s college tuition. (Note: AGI limits apply).
5. Pay down high-interest debt
Having high-interest debt can make saving for anything else very challenging. By paying it down now, you can save yourself money in the long run. If you only pay the minimum amount each month, a seemingly small purchase could take months to pay off and over time could cost significantly more due to the high interest rates.
6. Own a home? Invest in it
Numerous energy-efficient home improvements qualify for a federal tax credit if done by the end of 2013. Things like new windows, doors, water heaters and skylights may qualify. Visit energy.gov to learn more. In addition to a tax credit, these improvements can save you money on your utility bills, opening up more of your monthly budget.
7. Donate to charity
Donating to charity isn’t only an act of goodwill; it can be used as a write-off come tax time. Whether a monetary gift or donation of goods, such as clothing and household items you no longer use, keep records and include the deduction when you do your taxes.
8. Adjust your W9
In 2012, the average tax refund was just under $3,000. Rather than loaning Uncle Sam the money at no cost, consider adjusting withholdings and using the funds for saving or investing
9. Save for a rainy day
It can be tempting to spend any monetary holiday gifts or bonuses from work immediately. Instead, if you don’t already have one, use that money to start an emergency fund. Some financial professionals advocate having six to nine months’ worth of expenses set aside for unforeseen emergencies.
10. Review your portfolio
Don’t delay reviewing your contributions and portfolio allocations. TD Ameritrade offers a variety of tax-deferred savings vehicles that can help you pursue your retirement goals. If you have questions, meet with a qualified financial advisor and learn what you can do to start 2014 on the right financial foot.
TD Ameritrade does not provide tax advice. -Please consult with a tax-planning professional with regard to your personal circumstances.
Provided by: TD Ameritrade, Inc. Member FINRA/SIPC /NFA & BPT
NOTE: This happened to me recently because I made an unusual purchase online. My financial institution (USAA) is always concerned about keeping my account from unauthorized use. I simply called and verified my purchases and they re-activated my card. On the surface it can feel annoying (especially during the Holiday Season), but when you look at the big picture, it’s better to be safe than sorry…
By Jason Alderman
We’ve all had these moments: You’re at a romantic restaurant and the evening went great. But just as you and your date are readying to leave, an embarrassed waiter appears and whispers, “I’m afraid your card has been denied.” So much for romance.
The same thing can happen at the grocery store, when shopping online or worst of all, when you’re traveling and don’t have a back-up means of payment. Why do credit card transactions get denied and what can you do to prevent it?
Banks and other credit card issuers have developed complex algorithms that track credit card behavior and highlight unusual usage patterns commonly associated with card theft or fraud.
“Unusual activities” that jump out to card issuers include:
Other common triggers for credit card denials include:
One last thought: If your card is denied, don’t shoot the messenger – he’s only following instructions. Rather, call the card issuer and find out what happened. Embarrassment aside, it’s nice to know that someone is trying to ensure your card isn’t being used fraudulently.
Jason Alderman directs Visa’s financial education programs. To Follow Jason Alderman on Twitter: www.twitter.com/PracticalMoney
Winter is coming, but I’m thankful…
It’s not my favorite time of the year, but I tolerate it only because I have heat provided by my friendly natural gas provider. I’ll admit it gets kind of expensive though during the winter months because when the cold is unbearable outside, the heat is blasting on the inside. I really can’t stand to be cold, so I show no mercy to my poor HVAC system.
The Price of Winter Comfort
In the summer I can expect to spend about $45 for natural gas services. I thank God for that, but in the winter? Oy vey! The bill seems like it’s through the roof. I’m sure I’m not the only person lamenting this issue, but it is truly the price you pay for having heat.
Each year I get a notice to choose my rate, which I can leave as is or change. Unless you have an understanding of the price of gas per cubic foot, it’s confusing. I do my best and move on.
You’d think that with as profitable the gas company is, they would do something nice for those in need, right? Fortunately some companies do have a heart. I’m thankful for that and for the generosity school receive through the TrueBlue Schools program.
TrueBlue Schools Makes it Easy to Give Back
The representatives of my local natural gas company have proven they have a heart. Their TrueBlue schools program gives back to any school who needs help with equipment, school supplies, or anything else they need. Does your gas company do that?
The Gift That Keeps on Giving
The way TrueBlue Schools works is you enroll you favorite school and for every bill payment you make, $5 will go to your school every month. This has to be the easiest school fundraiser ever. You don’t pay any extra on your bill but TBS gives $5 on your behalf each month to the school you’ve listed. Schools receive their donation check every quarter and can earn as much as they want. Hint: It pays to get all the parents who get natural gas involved to get the most out of the program.
Switch, Save, & Contribute Easily
If you live in Georgia and your child’s school has been struggling because of budget cuts, over population, or they just need help, enroll in the TrueBlue Schools program. It’s an easy sign-up process and there will be no interruption in your service.
Signing up is easy:
Customers switching from another provider:
· Visit TrueBlueSchools.com
· Select a school to donations once your new gas service begins.
· Enter some basic information, and use our secure online website to switch your service to Georgia Natural Gas.
· Don’t forget to provide promotion code TRUEBLUE to receive up to a 15¢ per therm discount on your gas service, in addition a monthly $5 donation to your school.
· Remember, you can always call 1.866.ONLYGNG to sign up by phone, too.
If ALREADY a Georgia Natural Gas customer:
· Visit TrueBlueSchools.com
· Select your school to receive donations.
· Enter some basic information and you’re done.
I wish you a warm winter and an even warmer heart as you give back to help your school through this easy fundraiser.
This post was sponsored by Georgia Natural Gas TrueBlue Schools
