Tips

Daily Financial Advice Mallard 2-23-2014

Daily Financial Advice Mallard 2-23-2014

If you’re ever homeless spend your remaining money on a 24-hour gym membership. You’ll have a place to go at night, access to showers, and a locker to store all your belongings.

Of course no one ever wants to be homeless or be in that situation but having a gym to go to is a great way to stay in shape and stay clean cut while you look for a new job and get back on your feet. Gyms are clean places with showers, free water, sometimes snacks, and if you can find it even often open twenty four hours a day.

Daily Financial Advice Mallard 2-22-2014

Daily Finance Advice

Daily Financial Advice Mallard 2-22-2014

If you can’t afford a cab ride home you can’t afford to go out drinking.

It being Saturday and all be wise with your money and with your safety. If you ever drink please make sure not to drive. As well if you are worried about not being able to afford a cab after drinking then you shouldn’t go out drinking in the first place. Take a weekend off from partying. Your wallet will thank you and so will your head.

Daily Financial Advice Mallard 2-21-2014

Daily Finance Advice

Daily Financial Advice Mallard 2-21-2014

If you are unsure if you can afford something you can not afford it.

Simply put if you have ever questioned whether or not you can afford something it is best to not buy it. Instead you should wait one week and see if you still want it. If you still can’t afford it then do not buy it. You do not want to take on debt especially credit card debt if you do not need it.

Best Finance and Investing Apps

Now we can stay in touch with our day-to-day financial investment activities anywhere and anytime because of our powerful feature oriented smartphones. It is seen that investors use smartphones to take care of their investments time-to-time due to availability of information on mobile devices, especially the valuable information found in finance and investment applications. These investment apps are very handy to use for both novice and experienced investors.

investingapps

By working on these apps, you can draw stock charts, maintain virtual portfolio and get necessary live stock prices on your smartphones or tablets at a click. Many of these finance and investment apps can be downloaded for free but for some you may have to shed a little money. Some of the apps are listed here that may help you to manage your finances efficiently and effectively.

  • ChartIQ Practice Trading Simulator:This app is available on iPad and costs around $1.99. By using this app you can choose a market scenario like a trending market and can analysis several charts which can make you accustom in the different trading environments.
  • FRED Economic Data: – This app which is downloaded from app stores for free is available on iPhone, iPad and Android. It is very useful for those customers who are unaware of Federal Reserve Economic Data.
  • Chaikin Power Tools: – This app is available on iPhone for trading and market watching. Marc Chaikin, a stock market expert, developed this app which aims at providing all the necessary financial information needed by an investor for buying and selling of stocks. Both stock as well as options trading is supported on this app with relevant real time alerts of various news stories.
  • ABUKAI Expenses: – ABUKAI is a great app which helps you to track and manage all your expenses for a financial venture. This app can be downloaded from Android market, Apple’s app store and Blackberry’s AppWorld.
  • PageOnce Money & Bills: – PageOnce, another famous app, provides finance services to the investors on mobile. According to market trends the demand for this app has increased by 300% in the last one year. It helps you to manage your finance account on your phone in one location by delivering a complete overview of cash, investment, due payment and credit card transactions.
  • WikInvest Portfolio Manager: – This app is available on a number of platforms like iPhone, iPad, Android, Blackberry and Windows Phone 7 and can be downloaded for free from various app stores. By using this app you can pull your account related information from anywhere and can manage your portfolio’s performance with time.
  • CNBC Real-Time: – This app can be downloaded for iPhone, iPad and Android for free. This app make you visualize the real-time data and provide you with live quotes for future market.
  • uValue: – Aswath Damodaran, stern valuation guru, designed this app for valuation modeling on iPad.

This represents a very short list of apps. There are many more available in the market which you can consider to enhance your investment options.

What Are the Most Commonly Missed Tax Deductions?

Every April, businessmen, entrepreneurs, and other self starters anticipate that dreaded day of filling out those familiar W-2 and 1099 workbooks. While some look forward to receiving a refund, many lack the necessary education to help them maximize their tax earnings. The following are some tax deductions that are commonly overlooked by all types of taxpayers.

Whether owning a small business or large company, keeping tight records of all business transactions is the key to a worry-free tax season. This includes keeping track of all receipts related to the business. Lunch expenses can be an acceptable write-off if it is purchased as it relates to business. If using a car to carry out business related tasks, then expenses used for the car can be deducted at the end of the year. This includes gas mileage and any other necessities to keep the car in good condition while conducting business. Oil and tire changes, tune-ups, and any other cost related to car maintenance are examples of deductions that suit independent contractor delivery jobs or sales jobs that require a great deal of independent travel.

Materials that are needed to produce sellable goods can also be deducted. This benefits artists and craftsmen who make their living selling their art and crafts. For example, if an artist sells their work for $200 and their materials needed to produce it costs $40, then the artist can write that off come tax time as long as he or she keeps all of their receipts. These are all considered business expenses that ideally should not cut into the entrepreneur’s individual profit margin.

If a business needed to close down and thus resulted in a loss of income, then the business owner can report that as a loss on their tax forms. Each individual taxpayer needs to pay attention to what amount of profit loss constitutes a “loss” because each state may have different laws regarding these specifics.

Other forms of deductions that often go unnoticed are sometimes not so obvious. Most people may not know that charitable contributions made to organizations can also be deducted. This may include foundations such as Muscular Dystrophy or non-profit agencies.

Many homeowners reap the benefits of paying those monthly mortgage payments around tax season, but renters may not know that they might benefit as well. As long as he or she is the head of household and it’s their primary residence, some states will allow them to deduct rent from their taxable income. When filing Federal tax returns, the residence must be used for a business purpose in order to qualify for deductions.

Whether a business owner or average Joe trying to make an honest living, tax deductions are not always the most obvious. By identifying commonly overlooked deductions, taxpayers can now be a little more cautious this tax season. Hopefully, this article is helpful in helping the average taxpayer determine what an appropriate deduction is and which is applicable in their individual situation.