Comments for My New Choice http://www.mynewchoice.com Debt free, financially independent and retired early Wed, 14 May 2008 19:06:36 +0000 http://wordpress.org/?v=2.1.3 Comment on Teaching Your Children How to Save by sammz http://www.mynewchoice.com/2006/09/19/teaching-your-children-how-to-save/#comment-41396 sammz Wed, 14 May 2008 17:54:38 +0000 http://www.mynewchoice.com/2006/09/19/teaching-your-children-how-to-save/#comment-41396 check out sammy at www.itsahabit.com great tools to help parents and teachers educate kids about saving. i think you will understand why a wide variety of experts and educators love the books and music. keep up the great work. teaching kids about money is a lifetime gift! check out sammy at www.itsahabit.com
great tools to help parents and teachers educate kids about saving. i think you will understand why a wide variety of experts and educators love the books and music.

keep up the great work. teaching kids about money is a lifetime gift!

]]> Comment on How to Escape a High Interest Car Loan with Negative Equity by Jamie http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-41282 Jamie Tue, 13 May 2008 16:25:29 +0000 http://www.mynewchoice.com/2007/06/18/how-to-escape-high-interest-car-loan-with-negative-equity/#comment-41282 Lost and desperately needing advice. My husband was stationed in Hawaii and while there traded in our Chyrsler Mini Van for a V50 Volvo and in doing so added a good 10K on to the already astronomical price of the Volvo. Here we are a year later with a house to pay for (which is being rented) an apartment to pay for, another car ( Honda 03 low miles thanks to living in Hawaii, we are in Ga now). Our problem is this: the two cars are draining us literally. We are struggling to pay our bills and not succeeding. My husbands credit has suffered greatly (very low 500's) and we just don't know what to do about this car. He has tried to trading it on something cheaper, even trading both cars in for something cheaper...no luck! Is there ANY possible way out of this hole?? I think the pay off on the Volvo is like $34K and it has almost 20,000 miles on it. We've even tried selling the Honda outright just so we'll only have one payment but the pay off on it is like 14,000 and no one is willing to pay that much for an 03 even though it only has 20,000 miles on it. ANY Advice would be greatly appreciated! Thanks Lost and desperately needing advice. My husband was stationed in Hawaii and while there traded in our Chyrsler Mini Van for a V50 Volvo and in doing so added a good 10K on to the already astronomical price of the Volvo. Here we are a year later with a house to pay for (which is being rented) an apartment to pay for, another car ( Honda 03 low miles thanks to living in Hawaii, we are in Ga now). Our problem is this: the two cars are draining us literally. We are struggling to pay our bills and not succeeding. My husbands credit has suffered greatly (very low 500’s) and we just don’t know what to do about this car. He has tried to trading it on something cheaper, even trading both cars in for something cheaper…no luck! Is there ANY possible way out of this hole?? I think the pay off on the Volvo is like $34K and it has almost 20,000 miles on it. We’ve even tried selling the Honda outright just so we’ll only have one payment but the pay off on it is like 14,000 and no one is willing to pay that much for an 03 even though it only has 20,000 miles on it.

ANY Advice would be greatly appreciated! Thanks

]]> Comment on 12 Simple Ways To Save Money On Groceries by Monica http://www.mynewchoice.com/2008/04/30/12-simple-ways-to-save-money-on-groceries/#comment-41017 Monica Thu, 08 May 2008 16:06:07 +0000 http://www.mynewchoice.com/2008/04/30/12-simple-ways-to-save-money-on-groceries/#comment-41017 Don't shop at the store late at night: there's nothing left after about five (dinner time) because the early morning senior citizens and the all day stay-at-home mom's have wiped out the store and there is nothing left on the shelves. At least, that is how it is where I live. Also, #4 is so right on and has gotten me a number of times. I like to prioritize my list with items grouped according to location in the store, which does get me out faster. Don’t shop at the store late at night: there’s nothing left after about five (dinner time) because the early morning senior citizens and the all day stay-at-home mom’s have wiped out the store and there is nothing left on the shelves. At least, that is how it is where I live. Also, #4 is so right on and has gotten me a number of times.
I like to prioritize my list with items grouped according to location in the store, which does get me out faster.

]]> Comment on 12 Simple Ways To Save Money On Groceries by Spartan Saving http://www.mynewchoice.com/2008/04/30/12-simple-ways-to-save-money-on-groceries/#comment-40514 Spartan Saving Fri, 02 May 2008 16:23:22 +0000 http://www.mynewchoice.com/2008/04/30/12-simple-ways-to-save-money-on-groceries/#comment-40514 I also just did a post like this on my new blog. I wasn't aware of point #9, though that makes sense now. But the lists point is extremely important. This'll keep you from going home with twice as many groceries as you needed in the first place. If you can, try and write the list in a prioritizing manner with the most important items at the top and the least at the bottom. So after you see the prices you can rethink whether or not you really need that last chocolate bar or such. I also just did a post like this on my new blog. I wasn’t aware of point #9, though that makes sense now. But the lists point is extremely important. This’ll keep you from going home with twice as many groceries as you needed in the first place. If you can, try and write the list in a prioritizing manner with the most important items at the top and the least at the bottom. So after you see the prices you can rethink whether or not you really need that last chocolate bar or such.

]]> Comment on The Roth IRA Rules by mnc http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39768 mnc Wed, 23 Apr 2008 17:16:31 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39768 There are circumstances where you can deduct a loss on a Roth IRA but you need to be careful. Check out this link for more information: http://www.investopedia.com/articles/retirement/05/012505.asp There are circumstances where you can deduct a loss on a Roth IRA but you need to be careful. Check out this link for more information:

http://www.investopedia.com/articles/retirement/05/012505.asp

]]> Comment on The Roth IRA Rules by Theda Meyers http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39760 Theda Meyers Wed, 23 Apr 2008 15:34:05 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39760 In my Roth Ira amongst other Equities, I had bought a stock XX valued at $ 9,060.00 My R.I. is kept with a brokerage house. The company XX went bancrupt and I lost my money. The company XX was deleted fom my account. In 12 years my R.I. has not grown at all. It was a mix of stocks mutual funds and CD's. I did not have success with the R.I. and I want to close it. Can I anyway deduct the loss from company XX??? Sincerely, Theda In my Roth Ira amongst other Equities, I had bought a stock XX valued at $ 9,060.00
My R.I. is kept with a brokerage house. The company XX went bancrupt and I lost my money. The company XX was deleted fom my account.

In 12 years my R.I. has not grown at all. It was a mix of stocks mutual funds and CD’s.

I did not have success with the R.I. and I want to close it.
Can I anyway deduct the loss from company XX???

Sincerely,

Theda

]]> Comment on Expecting A Tax Refund? Here’s What You Can Do With It by fcb http://www.mynewchoice.com/2008/04/15/expecting-a-tax-refund-heres-what-you-can-do-with-it/#comment-39707 fcb Tue, 22 Apr 2008 23:14:52 +0000 http://www.mynewchoice.com/2008/04/15/expecting-a-tax-refund-heres-what-you-can-do-with-it/#comment-39707 Great list. It would be really nice if people would put their "tax" money toward their debt but I think a lot of people just see it as "free" government money, therefore just going out and splurging it but hey, that's what the government wants! A stimulated economy ;) Great list. It would be really nice if people would put their “tax” money toward their debt but I think a lot of people just see it as “free” government money, therefore just going out and splurging it but hey, that’s what the government wants! A stimulated economy ;)

]]> Comment on The Roth IRA Rules by Movingonup! http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39674 Movingonup! Tue, 22 Apr 2008 18:48:31 +0000 http://www.mynewchoice.com/2008/03/05/the-roth-ira-rules/#comment-39674 Thanks for the the help. I always get those mixed up. Thanks for the the help. I always get those mixed up.

]]> Comment on Wealth of Personal Finance Tips by MMAhome.us - Money Merge Account Home Equity Acceleration http://www.mynewchoice.com/2006/11/02/wealth-of-personal-finance-tips/#comment-39484 MMAhome.us - Money Merge Account Home Equity Acceleration Sat, 19 Apr 2008 17:57:17 +0000 http://www.mynewchoice.com/2006/11/02/wealth-of-personal-finance-tips/#comment-39484 It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest whenever possible, (2) Use other people’s money whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals. It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest whenever possible, (2) Use other people’s money whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals.

]]> Comment on Expecting A Tax Refund? Here’s What You Can Do With It by mnc http://www.mynewchoice.com/2008/04/15/expecting-a-tax-refund-heres-what-you-can-do-with-it/#comment-39284 mnc Wed, 16 Apr 2008 04:13:59 +0000 http://www.mynewchoice.com/2008/04/15/expecting-a-tax-refund-heres-what-you-can-do-with-it/#comment-39284 We just put new windows in our house last year, so I can fully appreciate that expense. The nice thing is that it has cut down on our heating bills this winter and will hopefully do the same for cooling in the summer. Thanks for stopping by! We just put new windows in our house last year, so I can fully appreciate that expense. The nice thing is that it has cut down on our heating bills this winter and will hopefully do the same for cooling in the summer.

Thanks for stopping by!

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