I have recently noticed a few things in my daily life that has led me to believe that our government is doing anything in its power to stick its hand in my pocket and take out more money than ever. Call me a conspiracy theorist if you like, but this economic recession has affected all of us, including governments. Budget shortfalls it seems are daily fodder on our news broadcasts.
The number of online accounting websites out there seems to be increasing by the day. They are popping up all over the place. One that I recently had the chance to take a look at is Outright. Their claim is that with their website you can “free yourself from accounting.” Outright is designed for sole proprietorships and single member LLCs. In layman’s terms, they are designed for the self-employed and small business owners. And, as an owner of two small businesses myself, I can tell you from personal experience the absolute need for something like Outright. And Outright seems to handle it all.
This is the first installment in what will be a continuing series on tips for investing for beginners. I am not an expert, but I think I can shed some light on the topic because it was only a few years ago that I myself was a beginner. Rather than getting discourse from an investment expert who has worked in the field for the last thirty years, I can remember some of the initial questions that I had and hopefully I can answer some of them for you.
Where to Start?
I recently had a dentist’s appointment to have my teeth cleaned. For the most part, I am terrible with keeping up with regular dentist appointments. This was the first time I had been in a few years. Regardless, this latest trip helped me to realize that, yes, you can save money at the dentist’s office. Of course, the first line of defense against saving money on dental visits is to take great care of your teeth. But beyond that, here are 5 more great tips:
1. Choose the Right One
I have had many conversations with many people in the past who have inquired about how to get out of debt. Most of these people realize that they are in debt and that they do need to do something about it. Realization of the problem and desire for a solution is one of the all-important first steps, but there’s still a lot of work to do. With that said, some people out there don’t even realize that they will be “wallowing” financially for the rest of their lives if they don’t do something. For them, they need to start off by admitting the problem. However, for those that have made the realization, their biggest question is: Where do I start? What do I do first? What’s the best way to get going?
Recently, my wife was involved in a car accident and we were looking back on the entire situation. We have realized that there were quite a few ways that we could have saved ourselves some money. I’d like to recount a bit of my experience and some lessons I learned in the hopes that if you are someday presented with a similar situation, you might be able to keep a little more money in your pocket.
My Quick Story
With the housing market having taken a serious hit in the recent past, I am sure you all know that home values have been plummeting. Well, one thing that did not plummet along with that is the property taxes most people are paying on those homes. The taxes some of us have been paying on our homes have been inaccurate (or unfair) to say the least. Several months after the housing market was in a full-fledged decline, I started seeing a good bit of coverage on this topic. And at the top of the list was what could the average homeowner do about it? About the only remedy is to dispute the property tax assessment on your home.
In the midst of the current housing market crisis, there are a percentage of people out there who have simply decided to walk away from their home mortgage. For some, they had a part in making the decision, and for others it was made for them. The two main reasons people chose to do so are negative equity in the house and job loss, or a combination of both. We also recently recounted what to do when you’re upside down on your mortage in our Help A Reader segment.
Depending on how much ink/toner you go through on a daily or weekly basis, your ink and toner costs could be anywhere from minimal to significant. In my household, we probably print a little more than the average household. Since ink and toner are fairly expensive, I think it’s worthwhile to investigate the options out there for saving money in this area. After all, it’s not the sale of printers that companies make money from. That’s why there are always great deals on printers and they are often included with computer purchases. Printer companies will do anything to get their printers in your hands because they make the majority of their money from printer ink, and they know that you’ll be buying it on a consistent basis once you own the printer.
I recently have had the opportunity to review quite a few different online banking websites. WTDirect seems to offer quite a few features and benefits that I have yet to see in my experiences. I am not saying that these benefits are strictly unique to WTDirect, but they are worth checking out as you won’t find them everywhere. Keep in mind that WTDirect was one of the first high-yield online savings accounts.