Since saving money is my “mantra” as well as the purpose of this blog, let’s examine some ways you can increase your net income and save on your tax bill for 2014 and beyond. It’s really important to start now to review all the opportunities for saving money, since in most cases (for non-business), December 31st is the deadline for adjustments that you will report by tax day next April. If you itemize your deductions, many of these listed should be familiar.
Personal finance is about money, but more importantly, it’s personal. We each have our own financial history, motivations, values, goals, and circumstances. Today I’d like to tell you a bit about me personally, about why saving money is so important to me, and how that influences my finances as well as this blog.
I grew up in Philadelphia many long years ago. While my family didn’t have a lot, I was fortunate that we had enough. Both my parents worked, and with my mother as the shopper of the house, I learned that stretching your money as far as possible was important. Continue reading