Protect Your Money - One Cent At A Time

How to Avoid Own Goals in Personal Finance

July 10, 2018 1 Comment

The FIFA World Cup is currently underway and as expected, it’s dominating the international news. While football (or soccer) isn’t the number one sport in every part of the world, there are a lot of practical personal finance lessons we can glean from the world’s most popular sporting event.

How to Avoid Own Goals in Personal Finance

One of these is own goals. Just like in the World Cup, own goals in your personal finance aren’t deliberate yet they can present a considerable setback to the achievement of your targets. We will describe some of the ways you can avoid inadvertently scoring an own goal in your finances.

3 Unexpected Windfalls You May Receive in Your Lifetime

May 7, 2015 2 Comments

Once I bought a lotto ticket for Florida Lottery, when jackpot went up astronomically. I don’t really recall the exact amount of the jackpot. But that’s it I never played lotto again. But, like every one else I sometimes day dream about getting a windfall of money. Some weird thoughts do cross mind sometimes, like a suitcase full of money coming down from the air crafts above or finding a sack full of currency notes. But realistically, we may receive a financial windfall at some point of time.

Financial Windfall You May Receive

Most of us learn to live with a steady amount of money. It usually comes in the form of a paycheck from employer. We are accustomed to it. We can manage our income, budget it, plan for the future, and do everything you’d expect with this sort of arrangement. So how do we handle an unexpected windfall?

Protecting Your Tax Refund From Cyber Criminals

June 1, 2014 Leave a Comment

No one enjoys handing over the year’s tax payment to the Internal Revenue Service on April 15. However, most people expect their tax dollars to be used by the U.S. government, not handed back to cybercriminals that file fraudulent tax returns. Every year, according to an estimate from the Treasury Inspector General’s office, the IRS loses $4 billion because of fraudulent tax returns. Cybercriminals stealing personal taxpayer information have become a major force behind tax fraud.

Research on cybercrime demonstrates that phishing scams and fraud are higher at tax time than at almost any other time of year. In fact, people are only targeted more often for scams during the holiday shopping season. Fortunately, by exercising just a little cyber savvy, taxpayers can keep their personal information from becoming entangled in a case of tax fraud.

4 Ways your House Can Lose you Money

November 4, 2013 11 Comments

In this post I will not ask you to not have a house of your own. This post will simply state a few expense that you will be incurring when you are a home owner, probably unknowingly, over your house. Just be aware of them and see if you can somehow put a plug in the hole.

After getting the money to finally purchase a house for yourself, the best advice you will give yourself and the best advice you will get from family and friends will be to buy the absolute best house that your money can buy. Following this advice, you look for the best location to buy your house; some of the things you look into include the neighborhood and all it has to offer in addition to the views you will get among other amenities.

Reasons Why I’ll Not Leave My Fortunes to My Kids

November 1, 2013 8 Comments

Let me start with a disclaimer. This is not my opinion, this is opinion expressed by guest poster Bill. If we ever get a kid, we will leave almost everything for him/her in our will. I think many of us think the same way. Still, no harm in listening to the other side of the argument. Enjoy the post and leave your opinion and thoughts.

Everybody always wants to know why I’ll not leave my fortunes to my kids. In this blog post I’ll talk about the following:

The pros of not giving my children my fortunes.
The cons of not doing so.
Why warren buffet said he would give 99% of his wealth to charity
How to appreciate your wealth by sharing with other people i.e. the needy.
How to teach your children to build their own wealth without depending on your investment.

Are you ready for the insight?

5 Things to Take Care to Stay Rich and Wealthy

July 15, 2013 12 Comments

I am no way rich or wealthy. But since childhood I learned how to protect wealth. By seeing people clinging to to their every belonging and calculating every way of saving money or protecting money from draining out. I chalked my plan to save every bit and protect my wealth, whatever I have.

I will try to formulate my strategy in this article. This is not all you should do. But, I am sure if you take cue from the points below you would do a ton of good to your wealth and money. You must have read plenty of rags-to-riches stories. Let me tell you there are enough riches-to-rags stories as well.

Common Financial Mistakes to Avoid in Day to Day Life

May 29, 2013 26 Comments

To date my biggest financial mistake was not to diversify stock market investment. I did invest all my stock money in one stock, eventually the financial giant got vaporized along with all my investments. We all commit some kind of a financial mistake in our life. This article from guest poster Joshua should make you cautious and little bit more aware to not to commit a major financial mistake. Enjoy the post!

You work hard for your dollars as do I. When we make financial mistakes, those hard earned dollars seem to fly right out the window. Even worse, often times, we don’t even know that we are actually making a mistake at all. Therefore, even though you make a pretty good living, you may still feel like you are constantly in the red. Here are some of the most common financial mistakes that consumers make and what you can do to avoid them…

10 Ways to Catch your Partner Hiding Money from you

September 24, 2012 12 Comments

Managing finances is a very sensitive area in marriage. Statistics show that 90% of marriages fail because of failure to manage finances responsibly. Many words have been said, lots of advice have been extended, and various ways were suggested in order to manage money. Yet, the question remains, how should we manage it? And, when one manages it, how can the other one trust the other partner?

Before answering that question, you have to embrace the fact that when you tied the knot, two of you become one. What are yours become your spouse’s possessions too. You cannot divide your properties and limit each other to specific properties that you want to share then keep what you don’t want to share inside your locker.

10 Tips to Avoid Internet Fraud and Scams

August 27, 2012 17 Comments

Take a look in your spam email folder. Especially your free internet emails. You may have won a few lotteries, giveaways or even a fortune from a dead billionaire.

I don’t think my readers care to open those emails. Chances are there that average internet users find this article via search. Given that 100s of internet users are falling victim of online scams is customary that not everyone is aware of scams that happen over the internet.

Tips to Avoid Online Auction Scams

August 8, 2012 14 Comments

This is going to be my second post on scams. Earlier I had posted how I was about to get scammed in the posts how to avoid charitable donation scams. Last week I was reading a scam story, where a buyer bid and won three iPhones at a cheap price. The seller had good reputation and 100% positive feedback. Seller was throughout very quick to respond. Read what happened next on the here.

The story motivated me in to writing this topic for today. A little help to prevent fraud happening in your life. Everyone likes a good deal – especially on items that tend to be more expensive, like jewelry and collectibles. As such, more people are turning to online auction sites like eBay to find these kinds of great deals.

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