5 Ways to Reduce Taxes on Social Security Income
Jun 06

5 Ways to Reduce Taxes on Social Security Income

When you are receiving Social Security as part of your income, it is in your best interest to keep as much of it in the bank or in your pocket as possible. It will be important to figure out a strategy to prevent having to pay out a large portion of your benefits to the

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How to Budget When You’re Broke
Jun 05

How to Budget When You’re Broke

While it may seem impossible, the people most in need of a budget are those living paycheck to paycheck. Budgeting when you’re broke is a necessity and is the only way you will pull yourself out of the financial situation (unless of course you win the lottery or inherit a ton of money!).

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5 Excuses that Prevent You from Investing
Jun 04

5 Excuses that Prevent You from Investing

Investing is one of the most important things you can do to secure your immediate and future finances. Do you really want to work for the rest of your life? If not, there is no excuse that should prevent you from protecting yourself. Unfortunately, many people only look at what is directly in front of

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10 Realistic Ways to Cut Commuting Costs
May 30

10 Realistic Ways to Cut Commuting Costs

As the price of everything goes up, everyone is looking for easy ways to cut their commuting costs.  You can scour the internet for ideas, but many ideas just aren’t realistic.

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Can’t Afford to Repay Your Student Loans? Consider This…
May 28

Can’t Afford to Repay Your Student Loans? Consider This…

According to the Federal Bank Reserve of New York, the U.S. student loan balance in 2011 was a staggering $870 billion. Thirty-three percent of that debt belonged to people under 30. Thirty-two percent belonged to people aged 30 to 39.

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Forget Flowers & Cash: 5 Financially Savvy College Grad Gifts
May 23

Forget Flowers & Cash: 5 Financially Savvy College Grad Gifts

There’s a lot to celebrate after a college graduation. With a new life about to begin, graduates can use a head start in the right direction. There are many gift options to choose from, and if you have a new grad to shop for, consider a more creative alternative to the usual novelty gifts and

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How to Identify Hidden Treasures in Your Home
May 21

How to Identify Hidden Treasures in Your Home

As part of our Money Challenge for the month, the team at MyBankTracker will sell items that we no longer want or use. On Monday, we identified which items we plan on selling, and will utilize sites like Craigslist and eBay. If you have boxes of unwanted items, but aren’t sure which ones are considered

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Do or Don’t: Keep Old Credit Cards Open?
May 17

Do or Don’t: Keep Old Credit Cards Open?

One mistake many people sometimes make is closing their credit card account, after paying it off. Some believe closing an account can reflect positively on your credit history, but it can actually cause more long-term financial problems for you.

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What to Stash in a Safe Deposit Box
May 14

What to Stash in a Safe Deposit Box

Safe deposit boxes are often shown in movies as a tool to hide precious jewelry or cash from getting into the wrong hands.

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How Much Should You Spend On a New Car?

How Much Should You Spend On a New Car?

If you have been considering purchasing a new vehicle, you should invest in one you can reasonably afford. There are several considerations involved in the car-buying process and price is definitely at the top of the list.

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