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Visa® Black Card™ Review – A Luxury Card That’s Expensive But Full of Benefits

For years, American Express has had the luxury/executive card market to itself with its wildly successful Platinum Card®.  Visa® has entered the upscale luxury card market with its Black Card (the card is backed by Barclays Bank Delaware).

The Visa Black Card is working to differentiate itself from other credit cards with its appearance and exclusivity.

The Visa Black Card is made with carbon (no, you shouldn’t concern yourself with how a card looks but it is kind of neat that’s it’s carbon – maybe it could come in handy in a MacGuyver situation?).  Also, membership is limited in order to ensure top-quality service for members.  That’s a big distinction from most of the plastic credit cards on the market today.

Let’s take a look at the features and benefits that the Visa Black Card offers, shall we?

Visa Black Card Benefits

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How the Small Business Jobs Act of 2010 Can Help You Save with Your Business

For many small business owners, being able to find every advantage is important — especially during tough economic times.

What many small business owners don’t realize, though, is that there are some provisions that help them save with their businesses.

The Small Business Jobs Act of 2010 provides you some opportunities to reduce your tax liability, saving money for your business.

If you qualify for the provisions in this law, the money you save can be used to go back into your business, helping you grow.  Plus, the tax breaks can help you stay afloat when you are struggling.

Here are some of the ways the Small Business Jobs Act of 2010 can help your business:

Treating Section 179 Property as an Expense

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Withdrawing Money From a Roth IRA: How Does It Work and When Can I Do It?

Roth_IRA_Nest_Egg

Withdrawing money from your retirement account is something you only really want to do in retirement.

That’s obvious.

What is also obvious is there are definitely times in life when you find yourself with a significant cash crunch and that nest egg looks ripe for the harvest.

Unfortunately for a majority of your retirement account options any early withdrawals are disastrous.

You get hit with fees and taxes; your overall withdrawal can easily be reduced by 25-40%… which means you just have to withdraw even more money to get to the amount that you actually need to use.

It’s a lose-lose situation: you’re paying a lot in fees and taxes while also losing out on potential growth of the account in the future.

unless you’re using a Roth IRA.

Withdrawing Money from a Roth IRA

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Student Loan Debt Bubble – Is This Our Next Economic Crisis?

As if the student loan problem wasn’t already approaching crisis levels, it may get a lot worse.

In 2010 more than $100 billion worth of student loan debt was taken out, making the total amount that Americans owe for education now more than $1 trillion.

The average graduate leaves school with $25,250 in student loan debt and faces decades of payments.

Although the recent student loan reform may ease the burden by making it possible to lower the payments based on the borrower’s level of income, some students face loan payments that are higher than they would pay on a modest size home mortgage.
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Did You Get a 1099-K Tax Form This Year?

One of the newest tax forms to be released is the 1099-K.

This new 1099 tax form is designed by the IRS to help catch those who under-report their income from online business transactions.

Concerns that sellers on eBay are not reporting their income, as well as other third-party transactions handled by banks and processors like PayPal, are being overlooked as income, the IRS is hoping that the 1099-K tax form can help them recapture lost revenue.

Who Issues the 1099-K?

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The Cost of Food Waste and How to Prevent It

Food_Shopping

Every week you clean out the refrigerator, and every week you may find some food to throw away—broccoli you didn’t get to eat before it went bad, leftovers from last Tuesday night’s dinner, lettuce that can no longer be revived…

If you are throwing away food on a weekly basis, you are not alone.

According to The New York Times, Americans throw away 27% of their available food.  This includes waste from people’s homes, restaurants and grocery stores.  Timothy Jones of the University of Arizona, who studies food waste, estimates that the average family of four wastes $600 in food each year.  (TLC)

The Financial Cost of Food Waste

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What is Mortgage Amortization and How Does it Work?

Paying off a mortgage is an overwhelming task.

A mortgage is a big debt—almost as big as your house—so the best most of us can hope to do is to shorten the term by prepaying as much of the loan that we can as quickly as we’re able.

Why should we want to do that?

Owning your home free and clear is a good place to be.  You’re living in your home with no mortgage payment and that’s when saving money and life in general get easier.

But there’s something more.

The cumulative interest on mortgage loans makes your loan balance even bigger.

A mortgage of $200,000 will require nearly $350,000 in monthly payments over a 30 year period.  Anything you can do to shorten the term can save a lot of money.

What is Mortgage Amortization?

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