saving

Monthly Budget Comparison – Big City $10,000 vs. Small Town $4,000

0 comments

I have 2 family friends. One lives in the DC Metro Area (Bethesda, MD) and the other lives in Appleton, Wisconsin. Classic Big Town vs. Small Town. I met them over Thanksgiving and we got talking about the cost of living and how it varies so much across America. Both are married with two kids […]

Read the full article →

Year End Tax Moves You Can Make Now

0 comments

With year-end around the corner most people are far more focused on holiday shopping rather than on reducing their tax liability. But the fact is that unless you make tax saving moves before year end, you may end up paying Uncle Sam (a.k.a the IRS) a lot more than you legally have to when you […]

Read the full article →

The Dow Hits All Time Highs – What This Means and Beware The Risks

7 comments

The market continued on its rampage reaching an all-time high, surpassing levels last seen before the 2008 financial crisis. This is despite Congress and the Obama administration squabbling about the impacts of sequestration and who would be blamed for a potential economic calamity due to the inefficiency of Washington. Looks like tax cuts (rises for […]

Read the full article →

How Long Will it Take To Become a Millionaire?

3 comments

If you are an American, the answer is about 20 years. For Mexicans it’s over to 300 years. As you can see from the graphic below, based on a  country’s median income, America still provides the best opportunity for the average Joe to get to millionaire status within their lifetime.  The calculation for the table below is rather […]

Read the full article →

Tax Planning for 2013 – Dealing with The Uncertainty and Making Smart Money Moves

2 comments

Being the finance wonk that I am, I rather enjoy reading some of the tax advice that the big accounting firms put out for their clients. While their target audience (based on their $250 to $500 hourly fee) is clearly higher net worth individuals, you can glean some pretty useful advice from their reports. Take […]

Read the full article →

When Should You Start Saving for Your Child’s College Education? Right Now.

3 comments

A set of three couples sit around an oval table, discussing the future of their newborns. A father asks, “Has anyone actually started saving for college yet?” One parent cries, “Ugh not me.” Another parent tries to explain, “No, no you got time.” But then the “smart” couple confesses and says, “On no. We’ve actually […]

Read the full article →

The Profile of a Well-to-do or Rich American

1 comment

A lot of people say “richer” Americans are an eccentric lot. But the fact is that, your co-worker or neighbor down the road is probably more likely to better fit the “well-to-do” or upper class profile than someone like Donald Trump. Based on information from the Census and IRS data, the tax policy center put […]

Read the full article →

Combining Insurance Policies For Discounts and Convenience

2 comments

Buying auto insurance, whether it’s business auto insurance or private auto insurance, can prove to be one of the most exhaustive processes to go through, and can also prove to be one of the most expensive bills that you have as well. Consumers are constantly looking for ways they can reduce the cost of their […]

Read the full article →

Opening a Roth IRA for Your Non-Working Spouse – Eligibility, Income and Contribution Limits

3 comments

Can you open a Roth IRA for your spouse? This question comes up a lot among married couples with just one income. After all, one of the requirements for opening and funding a Roth IRA is earned income, right? And as a general rule, if you don’t have taxable earned income as a result of […]

Read the full article →

Call For Cheaper Auto Insurance With Your Current Provider By Getting Free Competitor Comparison Quotes

0 comments

The NY times had a great piece on the benefits of calling your auto insurance provider for a better rate on your current car insurance policy. In particular, if you can get cheaper auto insurance quotes from competitors, there is a good chance you can save a significant amount with your current provider; if they […]

Read the full article →
Disclaimer: The information contained on Saving to Invest (this site) is for general information purposes only and does not constitute factual or professional financial advice. In accordance with FTC guidelines, we disclose that we may have a financial relationship with some of the merchants/companies mentioned on this website. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers. Refer to the Privacy Policy and Terms of Use for more information