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!

Special Alert-Barron’s “America’s Top 1000 Financial Advisors”

Categories: Plan

You may have heard financial advisers advertise their top Barron’s rating on the radio, but have you wondered what it means? If so read this great article from another blog…

Federal Student Loan Repayment Options

Categories: College

Week #4 of Dave Ramsey’s Financial Peace University: Dumping Debt was a great motivating lesson. Since that class I have received numerous questions about Federal student loans. Therefore I put together the following brief about Federal Student Loans various repayment options to foster your additional research and consulting with your advisors. Please keep in mind, this… Read More »

IRS Issues its Annual Dirty Dozen Tax Schemes 2012

Categories: Taxes

The Internal Revenue Service recently issued its annual “Dirty Dozen” ranking of tax scams to remind taxpayers to use caution during tax season Identity Theft. The IRS is seeing more identity thieves using legitimate taxpayer’s identity and personal information to file a tax return to claim a fraudulent refund. If you receive an IRS notice… Read More »

Medicare Part B Premiums Increasing in 2014 247%?

There is an email circulating that claims Medicare Part B premiums will increase 247% in 2014 to $247 from the present rate of $99.90. According to the AARP website and others, this is a myth that has been circulating since 2010. A little background: Medicare is federal health insurance for those age 65 and older (and others… Read More »

New Tax on Unearned Income Coming in 2013

Categories: Taxes

You may have received a chain email about a new real estate sales tax of 3.8% in the President’s health care bill. Is this true, you may be wondering?  Kind of, the tax is on unearned income, and is part of ObamaCare to help generate revenues for the Medicare Trust Fund, but it only applies to a limited number of people.  Starting in… Read More »

Commingle Personal and Business Finances? Never!

Today’s post comes from Mary Hunt of Debt Proof Living, and author of 7 Money Rules for Life Dear Mary, I am reading your book, “Debt-Proof Living,” and have begun tracking my expenses. I have a home-based business. Should I include business expenses or just personal expenses in the tracking? Lucy, Vermont Dear Lucy,You should… Read More »

Friday 2/17/12 Blog Roll, Great Reads from Other Blogs

Categories: Blogroll

The following are great articles this week from other personal finance blogs that I follow: Five Reasons You Might Not Get a Tax Refund from Wise Bread Are Frequent Flyer Miles Taxable from Five Cent Nickel 5 Ways to Increase Your Credit Score Moolanomy.com Economics is Fun Video Series from All Financial Matters Free Lunch… Read More »

5 Little-Known Tax Deductions

Categories: Taxes

Excellent article at Smart Money about these 5 Little-Known Tax Deductions is worth checking out: Medicare Insurance and Long-Term Care Premiums Medical Expenses Paid by Someone Else Real Estate Taxes Paid by Someone Else Home Mortgage Points Paid by Someone Else Fees to Charge Taxes to Your Credit Card

Dave Ramsey FPU Week 2: Comments about “Relating With Money” & Forgiveness

Categories: D Ramsey

The 2nd of 13 Dave Ramsey Financial Peace University Classes is Relating With Money. I love this class, because it helps couples understand their differences and work together. This is probably one of the reasons why about 75% of married couples that attend the class report this has helped improve their marriage.  Just understanding that we approach money with unique styles, non-judgmentally, is good… Read More »

Friday 2/10/12 Blog Roll, Great Reads from Other Blogs

Categories: Blogroll

The following are great articles this week from other personal finance blogs that I follow: 15 Frugal Ways to Battle Boredom from Wise Bread 5 Myths About Renter’s Insurance from Five Cent Nickel Important Tax Filing Dates Moolanomy.com Least & Most Expensive Cars to Insure from All Financial Matters We paid cash for a couch… Read More »