Sales Tax Deduction for New Car Purchases

A reader name Patrick just wrote in to point out a recent IRS press release about a special tax break for new car purchases in 2009. From the release: “The Internal Revenue Service announced today that taxpayers who buy a new passenger vehicle this year may be entitled to deduct state and local sales and […]

The Best 401(k) Plans

As a followup to my earlier post about the worst 401(k) plans, here’s a look at Business Week‘s list of the best 401(k) plans. Once again, these were rated based on criteria like participation rate, default rate, fees, and employer match. The full list includes fifty plans. I’ve listed below the twenty best 401(k) plans. […]

The Worst 401(k) Plans

Curious as to how your 401(k) plan compares to others? Business Week just published a list of the worst 401(k) plans based on criteria such as participation rate, default rate, fees, and employer match (see also “The Best 401(k) Plans). The full list includes fifty plans. I’ve listed the twenty worst plans below. Darden Restaurants […]

The Best Car Makers – 2009 Edition

Consumer Reports just published their Annual Auto Issue, and guess what? “The best vehicles are built by Honda, Subaru, and Toyota. They make well-rounded cars that excel across the board…” That’s not to say that every model made by these companies is highly recommended. In fact, the Honda Element, Toyota Yaris, and Toyota FJ Cruiser […]

Weekly Roundup – Witless Edition

While I’d love to write some sort of witty introduction to my link roundup, I just don’t have it in me tonight. Instead, let’s just get to the links. What follows is a list of twelve recent articles that caught my eye. Carrying Bigger Bills? You’re Less Likely to Spend Them Three Investing Lessons Learned […]

Lending Money to Family and Friends

Lending money to family and friends is a bit like walking a tightrope, and it’s very easy for things to go wrong. With the ongoing recession affecting so many people, you might be tempted to lend money to a loved one in hopes of helping them out. While this might sound like a good idea […]

Money Tips from Twitterville

Over the weekend, I asked my “Tweeps” (i.e., people that follow me on Twitter) for their single best piece of financial advice. The primary limitation was that Twitter requires that their messages be 140 characters or less. Thus, the advice had to be short and to the point. I got things started with this: “Don’t […]

File Taxes for Free With TurboTax

A few weeks ago, I did a head-to-head comparison of TurboTax vs. TaxCut, and I also noted that TurboTax has been rated the best tax preparation software. At the time, however, I wasn’t aware that you can use TurboTax for free if you make less than $30k. Note that I’m not talking about the free […]

How to Save Money on Groceries – 45 Ways to Save Money on Groceries

The recession in full swing and many families have been tightening their belts. With that in mind, I thought I’d spend a bit of time talking about how to save money on what, for many of us, is a major monthly expenditure — groceries! None of this is rocket science, but it does take a […]

Don’t Buy Stuff You Can’t Afford

Here’s some simple financial advice from SNL: Thanks to @StephTheBlogger from Graduated Learning for the tip!