Smart Reasons to Save, Use and Invest Money

MoneyReasons Weekly Review 2010, Jan 24

My Favorite Top 3 PF Blogger Posts For This Week:

  • CashMoneyLife - Sometimes you have to do things that aren’t fun, but is still very important.  This week Patrick talks about a task that’s very important in his Financial Inventory System, this piece indentifies the important of creating a financial inventory system.
  • FinanceFreeLandLife – (formally known as www.mrsmicah.com) – She created a great compilation of Tax Credits and Deductions, it’s the resource to refer to if you are doing income taxes yourself.  It’s also a useful guide if you are thinking of buying a house this year.  Especially check out the cool tax credit of $6,500 for homeowners that have owned a home for 5+ years.
  • MyJourneyToMillions - This blogger found a great article that explains why we can’t hold onto our money.  The study was performed by MIT, and definitely worth checking out!

My Favorite Post From MoneyReasons This Week:

  • My favorite post this week is my story of a represenation of my personal version of The Three Little Pigs.

 Goals Status Update:

 Goal #1: 2010 Resolution #1, Losing Weight While Saving Money, I had a fallback this week, this was a bad week.

       
 Date
Weight/lbs.
Loss/Gain 
       
 01/02/10 235 0 
 
 
 
 
 01/09/10 234 1 
 
 
 
 
 01/16/10 232
 2
 
 
 
 
 
 01/23/10 233
 
-1
 
 
 
 
 
 01/30/10 
 
 
       
 Total Loss for the Month:2 
       

As for my other goals (#2,#3)

This week was the most stressfull one yet this year.

2 Responses to MoneyReasons Weekly Review 2010, Jan 24

  1. Actually the tax credit is only for people who’ve owned a house for 5 or more years AND move to a new house. As the article points out, it has to be not just another house, but also a replacement residence–although you don’t have to have completed selling your old house by tax time and the closing deadline is in July, so you can be in the middle of it.

  2. Opps, I forgot to mentioned the buy the new house part. I thought it, but didn’t write it.

    Nice job on such a good tax writeup!!!