My wife and I didn’t make all that much money in 2014, mostly because I’ve spent the year starting my business. And while everyone likes to make money, there are some silver linings to having a year with lower income. We’re taking advantage of our lower income in two specific ways, both of which will save us money on taxes years down the line.Read more…

Childcare can be crazy expensive. According to Babycenter, the average cost of daycare in the US is $11,666 per year. Luckily the IRS recognizes that this can be a pretty big burden and has decided to give you a little bit of a tax break on those costs. It certainly won’t make them go away, but it can put some decent money back in your pocket.Read more…

With all of the various financial priorities taking up our time and money, saving for retirement is something that we often put off for “later”. We figure that sometime in the future we’ll have more money, more knowledge, more something that will let us handle that retirement need. It’s an understandable mindset, though an unfortunate one given how powerful it… Read more

When people talk about the financial benefits of home ownership, one of the big points they typically make is that the interest paid on the mortgage is deductible. This is only semi-true and in any event is not really the big win that many people claim it is. So today I’d like to run through the reasons why the mortgage… Read more