Standard Deductions and Exemptions for Federal Income Tax

Most taxpayers can choose between itemizing tax deductions to reduce taxable income, which requires accurate record-keeping and support, and taking the standard deduction. The standard tax deduction is a fixed amount that reduces the amount of money on which taxpayers owe the federal government. […]

The Lazy Mom's Guide to Eczema Care

It seems there are as many views on how to treat kids' eczema as there are moms. Some moms carefully catalog everything the child has eaten in order to correlate foods with flare-ups. […]

Lower Tax Rate on Savings Accounts to Incentivize Saving

Over the break, I read about the winning idea for the TIAA-CREF’s Raise the Rate competition and was surprised that it was selected as the winner. […]

Beyond Tupperware: Frugal Food Storage

This post is from new GRS staff writer Donna Freedman. Donna writes the Living With Less personal finance column for MSN Money, and writes about frugality and intentional living at Surviving And Thriving. To hear the storage industry tell it, every kitchen needs plastic containers in a dozen sizes. […]

How to Get Financially Fit in the New Year

The Wall Street Journal tells how to get financially fit in the new year, listing the following month-by-month plan: JANUARY: Max those savings! FEBRUARY: Target your cash flow. MARCH: Live without plastic for a month. APRIL: Spring clean your investments. MAY: Zap the debt. JUNE: Invest in yourself. JULY: Check your progress on the cash flow. AUGUST: Convert your traditional individual […]

A hack to include online purchases in a cash budgeting system

A cash-only budgeting system can be the ticket to reining in spending and getting away from the temptation of credit cards.  The idea is this: Pull out the total of your weekly (biweekly, monthly) budget in cash. Separate the cash into envelopes by category according to how you’re budgeting that money. Spend down the envelopes as you buy things. Re-budget by transferring money from one envelope t […]

Bush Tax Cuts Extension: What Are The Effects? Infographic

While the following infographic on the subject of the Bush tax cuts made me somewhat dizzy and made my eyes spin, I thought it was interesting, nonetheless. […]

Consumerism Commentary Store

Welcome to the Consumerism Commentary Store! Have you registered for an account on Consumerism Commentary? If you have, and you have logged in, you can earn points for leaving comments and sharing articles via social media tools. Each day you visit Consumerism Commentary, you earn points for reading an article. […]

Top 10 Free Money Finance Posts of 2010

Last year I listed what I thought were my best posts of 2009 (and here are the ones from 2008 if you are interested.) I'm continuing that tradition now with what I feel were my top 10 posts of 2010 (listed in countdown order) out of the over 900 posts here last year. […]

Young Children, Allowances, and Financial Focus

For us, 2010 was a year of learning for both the parents and the children in our household about what allowance means, how it works, and what kinds of money lessons our children are learning. Let’s roll back the clock to November 2009, when our children each received piggy banks and the allowance adventure got underway: Our son received a Money Savvy Pig for his birthday, which has four slots to […]

2011 Federal Income Tax Brackets and Marginal Rates

If you are filing your income taxes in early 2011, you are filing your 2010 tax return. The article below is for 2011 income tax returns, which will be filed in early 2012. […]

5 Billionaires Who “Skated” On Death Tax

Anyone else find this slideshow distasteful? The estate tax had a one year reprieve this year and anyone who passed an estate, i.e. died, would not have to pay the estate tax. Fortune tallied up how much money five estates “saved” when their billionaire died. […]

What is Private Mortgage Insurance (PMI) and How Do You Eliminate it?

Buying a home is a major financial decision and one of the most important ones most people will make. Finding a home to purchase is really only the beginning. Unless the buyer has a lot of cash on hand or a lot of liquid assets, they will have to take out a loan and find a mortgage to buy the house and there are many fees and expenses when it comes to buying a home. […]

The $20,000 Pet

Smart Money tells the story of a 7-year-old golden retriever who needed tests, blood work, surgery, radiation and then another surgery. Total price tag: $20,000. They go on to detail the increasingly costly world of pet health care. Here are some highlights: It's no secret that Americans love their pets. […]

Best Money Tips: Dealing With a Boring Job

Welcome to Wise Bread's Best Money Tips roundup! Today, we share tips to help you deal with a boring job, handy kitchen uses for resealable bags, quick ways for busy moms to relax, and more. Top 5 Articles How to deal with a boring job — See if you can improve the situation by taking classes or getting training in your field. […]

Fearing the Unknown… Perhaps a Bit Too Much

Right now, our emergency fund would cover ten months’ worth of living expenses for our entire family. This is, of course, assuming that Sarah and I are both jobless (though able to care for our children) and that I’m earning absolutely no income from The Simple Dollar. […]

Runaway Debt, Can You Ever Pay It Back?

Do you ever hear a song that reminds you of someone from your past? I used to know a student named Andy who was always up to his eyeballs in debt. […]

10 Scams to Avoid in 2011

You work hard for your money: an honest day’s work for an honest paycheck. Unfortunately, not everyone has the same work ethic or honest streak that you do. […]

5 Places to Get Cheaper Diapers

I am a mom of five, and diapers have been a big part of my monthly budget for years now. Regardless of whether I’m diapering one or two at a time, I hate to spend more than I have to. […]