6 Ways to Lower Uncle Sam’s Expectations

6 Ways to Lower Uncle Sam’s Expectations

The goal for most tax payers is to keep their taxable income (line 43 of the 1040) as low as possible.  Your taxable income is used to determine where you fall on the 2013 Tax Brackets chart below and the amount of tax you’ll owe for the year.  Luckily, there...
Be Suspicious!

Be Suspicious!

Currently, the IRS has no mandatory testing or education requirements for paid tax preparers, which leaves the door wide open for preparer fraud.  Some states, like California, have implemented stipulations that must be met to legally prepare taxes for a fee.  I...
We’ll Suffer

We’ll Suffer

Having three kids who we hope to send to college one day, it was important to my husband and I to develop a financial plan soon after they were born.  We did the math and realized having them back to back meant paying for college 8 years straight!  According to The...
Aren’t You Worth It?

Aren’t You Worth It?

At the end of every year I always take time to calculate our Net Worth.  I love that you can simply estimate all of your account and asset values (including your kids savings accounts), deduct the debts you owe and get the results in about 5-10 minutes.  The goal is...
Shop Around

Shop Around

I feel like it’s our cultural responsibility to bring the best of Germany back with us to the States.  With that in mind, we’ve already begun making plans to host “Fest” at our new home.  We knew what items we wanted to purchase locally for an...