cash in coinsDid you know that those hundreds of pennies lying under the couch cushions and on the car floor could be a source of income?  You have several options that are far more favorable than rolling and cashing them in at the bank.

Recycling pennies may sound a bit like a late night infomercial, but there is some merit in the concept.

Pennies minted before 1982 are comprised of nearly 95% copper. As of the date this post was written, recycled copper was selling in my area for $4.13 per pound (and the price has been rising steadily for several months thanks to a crappy economy).

You’ll need about 151, pre-1982 pennies to make a pound of copper. Yep, your $1.51 could yield $4.13 for the work of sorting through a few pennies and driving to the nearest scrap yard.

“But wait! Can I just bag my pennies and haul them in?” Nope, there are a few catches:

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what to buy at warehouse

Early in our relationship, my husband and I used to go shopping together at our local Sam’s Club. (Clearly, we knew how to get the romance going.)

I was new to warehouse club shopping and made the mistake of thinking that anything for sale within the huge store must be cheaper than at other stores.

After a couple of bad missteps — such as not finishing the ginormous container of strawberries before they went bad, and discovering that each razor replacement in the 12-pack I bought were the same cost as their 4-pack brethren at Target—I learned to be more careful about my warehouse club purchases. I’d check unit prices, keep better track of how much I spent at the regular grocery store, and go to Sam’s with a specific list of what I needed.

It’s also important to remember that some purchases will (almost) never be worthwhile at the warehouse club. Here are six examples of what not to buy at your warehouse club: [ continue reading… ]

income IRA

High-earners are in something of a Catch-22 when it comes to saving for retirement. On one hand, they have the extra income available to fully fund tax-deferred retirement vehicles — but that extra income often disqualifies them from the accompanying tax breaks.

The IRS limits tax-deductible contributions to Traditional IRAs to those individuals who earn $69,000 or less, and married couples who earn $115,000 or less. Roth IRA contributions are limited to individuals who are making less than $127,000, and married couples who are making less than $188,000.

So, what are the best investment options for these high-earners? Here are three ways high-income individuals and couples can still put away money for retirement—without feeling overwhelmed by the taxman: [ continue reading… ]

should i get an accountant
If you still haven’t thought much about taxes, now is a good time to start thinking about your tax returns. Tax season is coming up and you need to be ready to tackle the many new tax laws and how it applies to your situation.

Part of getting ready, though, includes deciding whether or not someone else needs to prepare your tax return. Here are some things to consider as you make your decision:

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cell phone bill
Having a cell phone was a luxury years ago, but it’s now considered by many as a must-have. I bet most people would probably admit that they couldn’t live without their phones. The privilege doesn’t come cheap though.

Aside from buying the phone itself (which can cost hundred of dollars), you’re also paying a monthly bill that’s far from cheap. At more than $100 each month, that cellphone bill could be a huge drag to your wallet.

Luckily, you don’t have to pay a lot to get what you need. Let’s take a look at four simple ways you can save on your cell phone bill:
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low income tips

Most of us want to save money so we can build wealth and plan for the future. We have goals we want to reach (like traveling) or things we want to buy (like a dream home). However, this can seem impossible when you’re surviving on low income.

According to CNN, 25 million American households are living paycheck to paycheck. When money is tight, saving any amount can be the last priority on your list. You’re just trying to get by.

So how do you save more money when you’re making minimum wage? How can you reach your financial goals on a low income?

When it comes to finances, it’s important to not only think about the now but also the future. Even if you’re earning a minimum wage, you can still save little by little. Here’s how:
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