eFinPLAN Blog

Here you'll find no-nonsense advice to help you understand and manage every one of your pennies - from how to budget yourself out of debt to tips for selecting the right kind of insurance. We write every word ourselves so you'll know that the information you read here is accurate and practical!

How to Save Money with Lower Gas Prices in 2015

Categories: Automotive, Budget

Gasoline has dropped about $1.50 a gallon According to AAA the national average price of gas is $2.17 (1/9/15) per gallon, for regular. Gas Buddy reports that the highest average price in 2014 was about 3.70 in April. This $1.53  per gallon drop can mean a few extra thousand dollars in your pocket this year. These… Read More »

2015 IRA and Retirement Plan Contribution Limits

Categories: Retire, Taxes

The Internal Revenue Service (IRS) published the updated new rules for contributions into retirement plans and IRAs for 2015. Some of these numbers have increased, and are good for you to know if you participate in IRAs (individual retirement accounts) or retirement plans like 401(k)s, sponsored by employers. The most an individual can contribute to… Read More »

12 Common Financial Mistakes to Avoid

Categories: Plan

Most common financial mistakes and roadblocks that hamper financial success In the last 40 years or so, financial common sense has flown out the window in our country. What happened? Our culture has changed. Today if we run out of money before the month ends, we charge our expenses, believing we’ll make it up next… Read More »

How to Budget Easily with Mint.com

How to Use Mint To Create and Follow a Budget Preface: There are three basic tools to design a budget and to track spending. You can use an Excel spreadsheet, a free online app like Mint, or one you purchase like YouNeedaBudget.com, also known as YNAB. Many people ask me should if they should use Mint… Read More »

Financial News and Articles from the Web – Dec

Important and Interesting Financial News and Articles from the Web – Dec New homes built with solar panels, trend to help reduce energy costs SEC MLM warning; says to be aware of internet fraudulent multi-level marketing schemes 16 Rules for Investors to Live By – The Wall Street Journal 16 Rules for Investors to Live By Need a… Read More »

5 Common Investment Myths

Categories: Invest

Don’t be Fooled by These Common Myths A myth is something that most people believe, but after careful analysis of the facts, it’s not found to be always true. The investment world has several myths, or things that most people believe as conventional wisdom. 5 of the most common investment myths are: Myth # 1: Missing the 10… Read More »

Can You Be Your Own Financial Planner?

A great opportunity for the American public and for advisers too Let’s be blunt, by default everyone is really their own financial planner. Regardless of the extent of help they receive from professionals, the consumer ultimately is the goal setter, and decision maker, implementing the steps necessary to accomplish goals. The consumer has more resources… Read More »

Credit Ratings 102

Common questions about credit ratings and closing accounts, credit card usage and boosting ratings Q:        I’m currently unemployed and unmarried. Do these facts impact my credit scores? A:        No. Neither of these facts affects your scores. Also, your scores are not affected by the number of dependents you have, retirement, debt-to-income ratio, number of years… Read More »

Credit Ratings 101

Cut through the misinformation about credit ratings Q:        What’s the difference between a credit report and a credit score? A:        A credit report contains information that creditors provide to a credit bureau; it details how you have handled your past and current financial obligations. A credit bureau collects data from creditors 24/7, but does not… Read More »

Is Black Friday a Retail Illusion?

Categories: Spend

Is it smart to buy during Black Friday? The Wall Street Journal reported that Black Friday is “A Retail Illusion, The Dirty Secret of Black Friday Discounts,” is merely a manipulative ploy aimed to get you to buy things you think are at the lowest cost of the year. In actuality, retailers are really smart, they know… Read More »