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Money Matters: End of Year Personal Finance Checklist

Motherhood Moments

> NEW YEAR CLEANING Sort through your house for items you no longer use, and either donate for a tax reduction, or sell for extra cash! > He is able to speak about the banking industry, interest rate market, and general financial/economic questions. Jeff has been with Direct for 15 years.

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How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

If you end up in life with assets that you would like to use or from which you need to receive income, yet also want to donate to charity, there may be ways for you to do both. Keep Your Asset, But Still Get An Estate and Gift Tax Break On it. million left tax-free to heirs.”. Get Income for Life From An Asset You Give Away.

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How Long Should You Keep Financial Documents

Family Balance Sheet

Bank Statements - One nice thing (among many) about the electronic age is that banks keep statements online up to a couple of years. Our personal bank has statements online all the way back to 2006. This final number will help to lower your capital gains tax. You'll need proof of gains or losses at tax time.

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How to Use a Credit Card to Save the World

Prairie Eco-Thrifter

Check with your bank to determine how to set up a paperless account. If you like to use paper statements as hard copy back-ups, see if your bank offers the ability to store back-up copies on your hard drive. Unless you need the receipt for business or tax purposes, you are just going to throw it out anyway. Save the paper.

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ableBanking: Giving Back to Your Charities

Saving Cents With Sense

Earlier this week I mentioned ableBanking and how it is a new online only savings bank that has a goal of helping customers save in a truly different way. Not only can you save more with better rates and no fees, they also offer a service that is much different from from other banks.

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Our Green & Money Savvy Path

Prairie Eco-Thrifter

Money changes we’ve made : Do our own taxes online. Use internet and telephone banking. Donated to sustainable charities. Eliminated magazine subscriptions and junk mail. Exercise at home instead of driving to and from the gym. Eliminated paper statements. Invested in sustainable companies.

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Ways to Make Do With What You Have

Prairie Eco-Thrifter

Donate good clothing you really can’t use to a non-profit and bank the tax deduction. Pass down serviceable clothing from child to child. Make old t-shirts and dish cloths into rags to use when dusting or washing the car and etc. Use up your food. Plan uses for your leftovers.

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