What is a Deductible?

If you’ve dealt with insurance before, you’re likely familiar with the frequently used term deductible. But if you’re just starting your life as an independent young adult, or if you’ve never filed claim before you may not be familiar with this term. All types of insurance, including medical, homeowners, and automobile insurance have deductibles. What is a deductible, and how does it work? What is a Deductible? A deductible is the amount of a bill you are responsible for. Example: You get into an accident and your car is damaged. The repair bill is $3000, and is covered by your […] Read more »

How You Company can Save Money with VAT Recovery

VAT recovery

VAT or otherwise known as Value Added Tax, is a broadly based consumption tax assessed on the value that is added to the goods and services that a company is offering. The VAT due on any sale is a percentage of the sale price but from this, the taxable person is entitled to be able to deduct all the tax that is already paid at the preceding state. Subject to the local tax rules, companies can recover the VAT incurred on domestic business purchases (through local tax returns) and even international purchases in certain foreign countries (usually through refund claim). […] Read more »

How To Reach Financial Independence

Financial independence – it’s a dream that a lot of us are still striving to reach, living pay cheque to pay cheque with no idea of how to reach that long sought-after height. Whatever your definition of financial independence might be, knowing how to reach a point in which you can comfortably say that you are exactly that is something that you need in order to set yourself on the right path to do so. While payday loans could provide relief in a financial emergency, gaining financial independence is something that everyone should aim for, and we’re exploring exactly how […] Read more »

Three Steps to Using Zero Percent Finance Offers

Zero Percent Finance Offers

Zero percent finance offers save people money when used correctly. Read on to find out more about how to avoid the pitfalls of zero percent finance offers. My wife suddenly stopped, pointed, and said, “That exactly what I’m looking for!” Walking through Home Depot,  she had spotted an outdoor sectional couch she claimed would be perfect for our deck. She had mentioned her desire to buy an outdoor couch, but hadn’t saved enough to cover the $500 price tag hanging from the couch. We could continue to save and hope the couch was there when we had the cash, or […] Read more »

List Your Way To Success

Productive and successful people utilize lists. Lists remind us of things to be done, and plans our daily activities. Review the following points to learn how operate at optimal efficiency using lists. Start A List If a list of tasks needing to be completed doesn’t already exist, create one. Add as many things as you can think of, but don’t be concerned if the list is too long or short. Put the List in Plain Sight The list will remind you of things you need to get done if you see it frequently. Place the list where you spend a […] Read more »

The Easiest Ways to Save Money While in College

For many students, dealing with a lack of funds while in college is a nightmare. Having dedicated pretty much every waking hour of the day to studying, it can be disheartening to have to manage money, too. For most professionals, learning the art of how to make a dollar out of fifteen cents usually came from experience. In college, we pick up invaluable life skills which prepare us for our years ahead. This also applies to personal finances where things such as Debt Management become important. The thing is that we must go through the harsh realities of the experience […] Read more »

How the Best Bitcoin IRA Can Help You

Since recently, bitcoins have been accepted by the IRS as a form of personal property that can be used in IRA investments. The result of this is that you need to learn how to find the best bitcoin IRA for your particular needs. Doing so will give you a variety of Fantastic benefits comma above and beyond the fact that you are diversifying your portfolio. What the Best Bitcoin IRA Can Do for You There are numerous advantages to having a bitcoin IRA. One of those is that it is likely to be the currency of the future. Indeed, recently, […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/27

I’ve spent a little bit of time each night this week working on installing my new garage door opener.  I’ve run into several roadblocks that have required additional hardware (like a rail extension kit for a larger door, and more iron angle to rehang the new opener in a new location), but I’m making progress.  Hoping to finish today.  I started to wonder if all the aggravation and time was worth it, so I got some price quotes for how much it would cost to have someone in, and found I’m saving at least $200 by doing it myself.  SCORE! […] Read more »

How To Save Money When You Have Kids

Parenting can be a rewarding experience in a lot of ways but one way it most definitely isn’t rewarding is when it comes to finances. Raising your kids comes with its expenses, from ensuring they’re properly fed and clothed to keeping them entertained, and for some families, the financial strain can quickly become an issue. While some families may turn to payday loans in the case of a financial emergency, saving money isn’t as difficult as you may think. Here, we’re exploring how you can save the pennies while raising your children. Plan Every Meal in Advance The best thing […] Read more »

Public Service Announcement: You STILL Need an Emergency Fund

Smart, savvy, financial blog readers like yourself are certainly conscious of the importance of an emergency fund. But, maybe it’s been awhile since you’ve dipped into yours. Maybe you’ve become a little desensitized from the effects of not having one. Today we at Enemy Of Debt are doing a public service announcement giving everyone a bit of a refresher as to the importance of the emergency fund. I saw my wife’s phone light up with a text message notification. The message was from our son, notifying us that the garage door would not go all the way up, and was […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/20

As soon as I finish this post, I’m heading out of town to my mother-in-law’s retirement party.  She’s done the calculations and determined she’s financially set to retire.  That must be a GREAT feeling!!!  Congrats to my mother-in-law for making it to the promised land! Fist pump for retirement, being financially set, and my favorite posts of the week! Posts That Make Me Fist Pump Do These 7 Things to Save More for Retirement This Year What Are We Doing to Help Us Save a Bundle on Groceries? 5 Ways to Deal With Financial Stress and Improve Your Finances 13 […] Read more »

My Favorite Generic Products

Store brand and generic products generate strong feelings of poor quality. As I put away my groceries over the weekend I couldn’t help but feel this perspective is many times unwarranted. I was surprised just how many of the products I had purchased were store brand or generic products. I’ve compiled a list of my favorite store brand products: Soda I’d be lying if I said store brand soda tastes exactly like the high profile brand names. However, for some flavors such as orange and root beer, I like the store brands just as much, and they cost significantly less. […] Read more »

Fist Pump Friday: I Love You Like A Blogger Roundup – 4/13

I look for it every year, and I’m never disappointed.  The great spring charcoal sale is on at Walmart.  Twin pack 15 pound bags (30 pounds total) for $7.88.  This is a GREAT deal, and over 50% off the regular price of a bag of charcoal.  You have to be careful though, as they always have twin pack 18 pound bags (36 pounds total) for double the price.   I’ve got 300 pounds so far, and I might pick up a few more bags to last me the entire year until the sale next spring! Fist pump for cheap charcoal, AND […] Read more »

What Is A Mortgage Escrow Account?

Excited first time home buyers are exposed to a wide range of emotions as they go through the process of signing their name over and over again. Somewhere in the massive stack of documents is mentioned a mortgage escrow account. Some may just gloss over it, while others will put their pen down and ask a few questions. What is a mortgage escrow account, and what it it used for? Mortgage Payment Breakdown A person’s mortgage payment can include several different components. Principal : The amount owed to the lender is reduced by this amount Interest : The amount of […] Read more »