How to Save Money on Expensive Prescription Drugs

Cost of healthcare is a rising worry for Americans. Seems like everyday cost of medication is going upwards. For people with lower earning it’s becoming more and more out of reach to provide for better care for patients. Health insurance premium is rising and out-of-pocket expenses are also rising.  The big question is, how can we reduce cost of prescription medication?

Save on Prespriction Medication

Even with more affordable health care provisions individuals can still end up having relatively high out-of-pocket expenses, a good deal of which are due to prescription costs.  The US is a popular market for new and expensive drugs due to its size and the relative ease of getting drugs into the marketplace once they have been FDA approved.

Online Mortgage Loan Shopping For Best Mortgage – How I did It

I took a leap of faith and bought our home, our first home. In a series of posts I’ll write about the buying experience, the lessons learned and best practices. in this article I am going to write about mortgage loan shopping, and how did I shopped for mortgage loan comparing 10 different banks, sitting in my office cubicle.

I heard stories on extensive and hectic mortgage shopping that involves going around banks, making phone calls to bankers and what not. Even my colleagues had to go through hours and hours of research and travel to get the best mortgage.

Well, my method searching only lasted for 1 hour. I made no calls and received 10 calls from bankers on my cell phone.

Are You Losing your Money in Savings or CD Account?

Am I losing my money by saving it? With less than a percentage of return from savings accounts and CDs and  more than 2% of inflation to go with, this is reality. Let’s do an analysis of this situation of losing money to inflation.

It has been ingrained and pounded into us as one of the best strategies to achieve financial freedom for decades, but saving alone, is not enough. Being Frugal and living within your means are buzz words many people gravitate to for endless guides, tips, and how-to articles.  However, no one ever saved their way to financial independence with the absence of investing and it is easy to see exactly why

Income Tax Documents and Forms Needed To File IRS Return

There is a huge list of documents that are needed for filing taxation in 2014. Now is the right time to get prepared. Along with the documents, you also have to make it 100% sure that you have all the IRS forms that are needed.

Before moving on to the checklist of documents and forms, I would like you to consider the following steps and read these other important resources.

  1. Read 5 things to bring to tax preparer’s office.
  2. Add the H&R Block checklist and this checklist in file of your important documents, or attach it to the outside of the folder.
  3. When you receive or locate tax documents, make sure to check them off the list and place them in your folder.
  4. Remove anything on the list that you do not need for your tax situation.
  5. Add a page to your documents file to enter all the information and amounts that are not already available on other documents. For example, you may not find bank routing number for direct deposit on any of the documents you have gathered for tax preparation.

Forms you Need for Filing IRS Tax Return

Here are the most common forms a tax payer needs to file return. all documents are in pdf version, you’ll need acrobat reader software on your computer to open. All documents are linked to IRS official site.

Solving Emergency Fund Myth – What, Why and How Much

What really is emergency fund? Why such a fund is needed? How can I fund it? And, most important question, how much money I should keep in emergency/contingency fund? Let me try to find answers to all those questions.

I always had 40,000+ in my Checking and Savings account at any given time in last 5 years. I felt that’s absolutely minimum. I read prominent personal finance expert Suze Orman’s advice at Oprah’s web site. He first advice was to have 8 month’s worth of expenses saved in emergency fund. So, I thought that’s normal. Now we are a hoe owner and all those cash cushion went in to pay for down payment, closing and home repair cost. We now have around $5,000 lying in a saving bank account.

As they say, buying home prompts home owners to become financially more prudent, I started reading about emergency fund and started listening to podcast, right after paying our mortgage down payment.