Online job postings and more: How the Internet can make and save you money
Online job postings put Craigslist on the map, but it's also a great way to sell items or to find a new housemate (question 1 from the Reader Mailbag). Want to make money off the Internet? Blog (question 8). Want to save money on cable? Download movies on Netflix (question 9).
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If you have a good relationship with your neighbors, talk to them about fixing this “neglected maintenance” problem together from a saving money perspective, as it’ll help everyone involved not only avoid future assessments, but also likely reduce their own cost of living.Skip to next paragraph
The Simple Dollar is a blog for those of us who need both cents and sense: people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds – we just want simple ways to manage our finances and save a little money.
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I’d start the ball rolling by talking to the neighbors you know the best and seeing what they think. If they’re all positive, have a meeting somewhere and come up with some plans for addressing it. You can utilize the condo board meeting or do it on your own.
I would advise not pitching the “green” aspect of this as being environmentally conscious is apparently very politicized and can get a very negative response from some, as has been my experience recently.
Q3: Building credit from nothing
I am a recent college graduate who is engaged to be married in June of 2011. My fiance also also graduated recently and was lucky enough to obtain a job making 50,000 to 60,000 dollars a year (varies based on the availability of overtime). I have not found a full time teaching job yet and currently make approximately 1,500 dollars a month working part-time. Financially, we are doing well and have about 18,000 dollars in savings. Our only debt is my student loan debt; he has none. The problem we are facing is credit. We want to buy a home before June; however, my fiance has absolutely no credit to speak of. I have been building my credit since I graduated highschool but have no full time job. The mortgage broker we spoke to practically treated us like children and left us feeling pretty hopeless! I feel like we have spent the last year putting the pieces of a puzzle together to realize we were missing the center piece! Without rambling any longer, my question is: What should our next step be? Try to build his credit (he has been denied a loan, credit card, etc)? Wait until I secure a full time job? Your input would be greatly appreciated!!
You will have some difficulty building a strong credit rating for your partner before June, no matter what you do. A strong credit rating comes from having a long positive credit history.
The best way to get the ball rolling on that, of course, is to start immediately. If he has already been denied for a loan and a credit card, his best move is probably to attempt to get a secured credit card. A secured credit card basically means that he pays the credit card holder a deposit in advance of getting the card, which protects the issuer from this person with poor or no credit from charging up the card and then refusing to pay.
Get that card, then use it regularly for some routine purchase, like gas, and then pay the full balance off each month. What you’ll find is that over time, his credit will improve and he’ll eventually be able to get an unsecured card.
The key is for him to keep paying his bills on time. Gradually, his credit will go from nonexistent to good and he’ll be eligible for other loans.
IRS Publication 78 reports the following:
Contributions must actually be paid in cash or other property before the close of your tax year to be deductible, whether you use the cash or accrual method.
In other words, to claim a deduction on your 2010 taxes (due next April 15), you have to make the deduction within the 2010 tax year.
Q5: A 203(k) mortgage
I have been dating a wonderful girl for the last 6 years and we have recently gotten engaged. Now that we are engaged we can seriously consider one of the things that I have looked forward to for a long time, getting married and buying a house. I have been doing a lot of thinking on the matter and I have developed some questions. Currently she lives with her parents and I live with mine (it is a great way to save money) and we are both financially responsible as we are on aggressive plans to pay off our student loans as well as saving for retirement and the short term. I feel that I have a good idea of what we can reasonably afford without putting us in a bad spot. Let’s say we have $10,000 for a down payment.