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!

Tax Strategy Patents

Categories: Giving, News, Taxes

Some providers of financial products and services, think that they have found or created a unique tax strategy and will submit that strategy for patent protection. Some believe that owning such a strategy provides them with market protection and potential income when others what to license their strategy. President Obama recently signed the America Invents Act (Public… Read More »

Mortgage Insurers Struggling

Categories: News, Real Estate

An article in The Wall Street Journal 11/15/11 about the Federal Housing Administration or FHA “Loan Backer’s Cash Runs Low” states that an audit being released today that FHA has close to a 50% chance of running out of money and require a tax-payer bailout. This follows the 10/23/11 news that PMI group the third largest mortgage insurer was taken over… Read More »

Tax Breaks for Special Education

Categories: Taxes

The article Tax Report: Hidden Tax Deductions for Special Education, in the 11/13/11 Wall Street Journal highlights several tax breaks for students who fall into the “Special Needs Category.”  This article is worth reading if you have special needs children in your family, or you do financial planning or tax preparation for those that do.

Used Car Cautions

Many people, particularly those wanting to drive a really nice car or wanting to appear successful are sometimes tempted to buy used luxury brand cars. If you don’t have a large savings account, or mechanical abilities to fix cars (or a good friend who does), never buy a used BMW, Mercedes, Jaguar, Land Rover, Audi, Saab, Porsche and Volvo or… Read More »

Feeling versus Spending

Categories: Books, Budget

A good friend of mine suggested that I read or recommend the book “When Spending Takes the Place of Feeling,” by Karen O’Connor, she updated it “A Woman’s Place is in the Mall . . . And Other Lies” from Harvest House Publishers. For various reasons this friend of mine had a lot of emotional issues to… Read More »

Savings an Investment?

Categories: Budget

An article that was recently sent to me Saving, Spending Wisely are Investments from the Washington Post has some excellent information. However to add to that, many people think “I’m not going to save into a savings account, that earns nothing, I’m going to live my life and when I have a lot of money… Read More »

Refinancing Mortgage Considerations

Should I refinance our mortgage to get a lower interest rate? The old rule of thumb was if you are going to stay in your home for a few years, and interest rates drop more than your current rate by 1%, then it will be worth your while to refinance. Meaning since there are closing… Read More »

Grocery Shopping and Menu Planning Made Easy

Categories: Budget

At a recent Dave Ramsey class I led, one of the members, Brandy, introduced us to a new web service that she has been using: e-mealz. This is a really cool service that costs only $15 bucks per 3 months. It plans your meals for an entire week and provides a shopping list of items matched… Read More »

Book Review: Living Large…

Categories: Books

Clark Howard’s book of 250+ suggestions of Living Large in Lean times is getting pretty good reviews. Visit back for a complete review.

Financial Tips for Blended Families

Categories: Plan

A great number of families today are no longer traditional; often they are remarriages from divorces or deaths, later in life marriages or remarriages, which often have her/his and our children. Each may bring their own ways of doing things- which may be good or bad, financial problems and money emotional baggage left over from the… Read More »