President Obama won a second term last week.
As important as that victory is for the future of the country, what looms even closer is the fiscal cliff.
If Congress does not work out a deal before the beginning of 2013, what is being called “Taxmageddon” will hit the American public. Tax cuts will expire, benefits will be cut, and new taxes will kick in. Government spending will be cut across the board at the same time to the tune of billions of dollars, enough for some experts to say it could throw the US economy back into recession.
Panicking about the upcoming fiscal cliff won’t help you. Take action instead, using these tips below:
The Chicago Financial Planner | Does it Matter Who’s Managing Your Mutual Fund?
The Family CEO | Using the Found Money Method in a Small Business
The Simple Dollar | When You Can’t Afford All the Stuff You Want
Narrow Bridge Finance | Think Twice When Trusting Your Realtor
Get Rich Slowly | Drawing the Line With Poor Customer Service
Wealth Pilgrim | Why You Feel Poor – and the 3 Step Answer
Bloomberg | Low Yields Force Seniors Into Stocks
Money Under 30 | Big Medical Bills: How to Cope When You Can’t Afford to Pay the Docs
Five Cent Nickel | Six Ways to Save Money and Have More Fun at the Holidays
Enemy of Debt | “You Know You’re Broke If… “- 50 Ways to Know if You’re Light in the Wallet
Wise Bread | 15 Ways to Pay Back Student Loans Faster
Budgets Are Sexy | Are You Underpaid? Why Bob Makes More Money Than You
Free From Broke was featured in the following carnivals this week:
Nerdy Finance #15
Carnival of Personal Finance #385 — Favorite Junk Food Edition
Tax Carnival #108: Election 2012 – Don’t Mess With Taxes
Festival of Frugality #361, Election Day Edition – Frugal Rules
Carnival of Personal Finance – Edition #382 – Cheap Term Life Insurance for High Risk Individuals