Paying Taxes with a Credit Card: Pros and Cons

Are you thinking of paying taxes with a credit card?

The thought of clearing a debt with the IRS in one fell swoop is certainly appealing, and if your credit rating is not in good standing in order to obtain a bank loan, that credit card can sure look good.

But is using a credit card to pay taxes a wise decision?

Before we explore the pros and cons of paying taxes with a credit card, let’s examine paying taxes through an installment agreement with the IRS.

First things first, contacting the IRS and working out an installment agreement is one possible option to manage your debt.  Complete the IRS Installment Agreement Request Form 9465.  If you owe $25,000 or less this process can be completed online.  The IRS may allow you up to 60 months to pay your tax debt.  Within 30 days, the IRS should let you know if your request has been approved and what you will be required to pay.
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Tools to Help Organize Your Taxes

When you’re down to the wire at tax time, organization is your best friend.

Your best option is to stay organized year round so that you aren’t scrambling at tax time. There’s not much worse than trying to find a tax document right before you file your taxes or head to the accountant.

Whether you are trying to get organized at the last minute or whether you are looking to stay on top of your taxes the whole year, there are tools to help you.

Read on and you’ll see how easy it can be to keep track of your tax documents throughout the year. Looking for misplaced tax docs is not a stress you need to have!

Here are 5 Great Tools to Help You Organize Your Taxes

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What Do You Think of New Year’s Resolutions?

This is the time of year where you come up with a list of resolutions for the New Year.

Some want to exercise more.  Others simply want to lose weight.  Some want to save more money, while others want to get out of debt.

What do you think of New Year’s resolutions?

I’m not sure what to think, to be honest.

On the one hand, I think it’s important to have goals.  A great goal that you follow through on give you guidance and something to aim your energies towards.

But I think setting a resolution or a goal just because the calendar changed is a bit odd.

Why not set goals throughout the year?

My Problem with Most Resolutions

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10 Tricks to Get Textbooks For Less Money (Because Tuition is Expensive Enough!)

Textbooks for less money. Now that would be helpful!

When I went back to school some years ago I expected tuition to be higher, and it was.  

That wasn’t a shock, though.  I know that tuition goes up every year and how expensive it is.  I was prepared for that.

Know what shocked me?  I was shocked at how expensive textbooks had become! Let me tell you, textbooks are not cheap! Well, not for those that don’t know the tricks for cheaper textbooks.

I found that some textbooks were easily $100+, some lots more.  I quickly realized I had to figure out how to get cheaper textbooks!  Read on and you’ll see 10 tricks that can save you a LOT on your college textbooks.

Here are some great ways to save on your college textbooks and get textbooks for less:

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Your Guide to Setting SMART Goals For Your Finances and More

It’s that time of the year where people start fresh and make new goals, many of those are financial. But are they smart goals?

Did you know that according to a 2007 survey by British psychologist Richard Wiseman, 88% of resolutions end in failure?

We tend to try to do too much with little willpower to achieve our resolutions.  We need systems to help us along.

SMART Goals is one such system.

One way we can help ourselves to success in our resolutions and goals is to make them S.M.A.R.T. – Specific, Measurable, Attainable, Relevant, and Time-Bound.

The following guide will walk you through SMART goals so you’re not one of those whose goals fizzle out by March (if not much earlier).

Everything You Need to Know About S.M.A.R.T. Goals

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Groupon American Apparel National Deal – Double Your Money, December 2015

You’ve heard me talk about Groupon before.

reviewed Groupon a while back.  They were the first big online deals site where you purchase a limited-time offer.  Many times, like for this deal, you get to double your money for purchases.

The truth is I don’t usually mention deals here on Free From Broke, but this deal is quite popular every year and Groupon is running it again this year.

I don’t want you to miss out.

Here’s today’s deal:

American Apparel – Groupon Deal

$20 for $40 worth of clothing and accessories from American Apparel Online and In-Store (you pick whether online or in-store).

or

$40 for $80 worth of clothing and accessories from American Apparel Online and In-Store.

I like deals like this where you double your money!  It comes just in time for the holidays in case you’re looking the grab some last-minute gifts for friends.  Of course, you can treat yourself as well.

Groupon deals tend to be for local stores and activities but occasionally they roll out a national deal.  This particular deal is limited to one per person, for U.S. residents only.  You can buy an additional Groupon as a gift.
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Think Long Term When Shopping Black Friday and Cyber Monday

When you do your Black Friday and Cyber Monday shopping don’t just think of things for the upcoming holidays — think long-term!

Many sales are at their best on these days.  Black Friday kicks off the big end-of-the-year holiday shopping frenzy and lots of people use it as an opportunity to stock up on gifts for the coming season.

But you can also take advantage now and buy items for events and purposes throughout the year.  That’s right, you should think long-term when you plan out your Black Friday and Cyber Monday shopping.

Many a time has passed where I thought I’d see an item on sale again but it ended up not being as good as the Black Friday or Cyber Monday price.  Damn!  Missed out.

Of course for this to work you have to have money in your budget to buy extra now for the rest of the year.  It’s silly to put great deals on credit if you are going to end up paying credit card interest later on.

If you think out it and plan well, buying now can save you money, and time, for the upcoming year.

Here Are Some Great Occasions to Shop for On Black Friday and Cyber Monday:

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