Tag Archives: financial directive

Target Networth or Target Debt Reduction

First let me apologize to those folks that follow my blog, since I have gone through some very difficult family times recently with the passing of both my father and my father-in-law, all within the month of April &ellipse; not … Continue reading

Posted in budget, economics, Financial Arsenal, networth, Retirement Savings | Tagged , , , | Leave a comment

Your biggest expense should be you!

Your biggest expense should be for your future self for the first 5 years. The younger you are, the easier and better it is for you to take 50%-60% of your paycheck and put it away. Imagine being 19, 20, … Continue reading

Posted in budget, budgeting, Financial Arsenal, financial directive, Goals, Income Tax, networth, Retirement Savings, spending plan | Tagged , , , , | Leave a comment

Pay less taxes than you put into an IRA

Let’s see how a person could pay less taxes than they put away into an IRA (or 401k). We will use a simple scenario of a single person with a gross income (including interest earned) of $29,500 or less. You … Continue reading

Posted in 401k, Financial Arsenal, financial directive, Income Tax, IRA, thrift savings plan, tsp | Tagged , , , , , , , | 1 Comment

High yield savings doesn’t exist … think again

High yield savings accounts do exist in some regional areas. I just heard the other day on the radio of a bank that will pay you $20/month if you make X electronic deposits per month. They didn’t mention any specific … Continue reading

Posted in brokerage, Financial Arsenal, spending plan | Tagged , , | 1 Comment

Net worth as of Jan 2014

Here is my our net worth report for January 2014. I just checked our net worth and this is what I found: growth by 125% from the same time 1 year ago growth by 23.4% from 9 months prior growth … Continue reading

Posted in 401k, Financial Arsenal, financial directive, networth, Retirement Savings, Roth IRA | Tagged , , , , , , | 4 Comments

Net worth as of Dec 2013

Since this is a personal finance site, I figure I should divulge some bits of person financial information such as net worth. This is the first post of my net worth and I will try to post this every quarter … Continue reading

Posted in 401k, Financial Arsenal, financial directive, networth, Retirement Savings, Roth IRA | Tagged , , , , , | Leave a comment

Having to adjust for overspending

Prior to Christmas, my wife went out to get a few items for our 4 children for Christmas and because she didn’t have the cash on hand, she found herself having to adjust her own budget to fit within the … Continue reading

Posted in budget, budgeting, spending plan | Tagged , , , | Leave a comment

Tax year 2014 tax limit guidelines

There are always limits that the IRS places on various items in your financial arsenal, and this post is meant to be a brief summary of the 2014 tax limit guidelines. The list below is only meant to be brief … Continue reading

Posted in 401k, Financial Arsenal, Income or Pay, Income Tax, IRA, Roth IRA, Social Security, Tax guidelines | Tagged , , , , , , , , | 1 Comment

Fill out your W4 Withholding Allowance Certificate

Can you claim more allowances when you fill out your W4 Withholding paperwork than you do on April 15th? The answer is yes. Can that result in an increase in the money you get back during the year? Again the … Continue reading

Posted in financial directive, Income or Pay, Income Tax, Retirement Savings, spending plan | Tagged , , , , , | 3 Comments

How to look good on paper aka National Debt as a percentage of GDP

I have to dispell a terrible myth that seems to be running around the entire country on every blog. My objective is to show how to look good on paper by viewing the National Debt as a percentage of GDP. … Continue reading

Posted in budget, budgeting, economics | Tagged , , , | 2 Comments