the Creative Money blog

What to do if you hate dealing with your money

Posted on April 23, 2014 | By Mindy Crary

What to do if you hate dealing with your money

Whenever someone tells me that they hate looking at their money numbers, it reminds me of how I hate stepping on the scale after a long weekend or holiday season of excess.  I KNOW that I have been behaving in a way that isn’t conducive to losing or maintaining my weight, but I went for the short term gratification anyway.   So there are a couple of things at work, I think, when someone avoids looking at their numbers. (more…)

Comments (3) |

Download the April issue of #MoneyRebel Mag now!

Posted on April 15, 2014 | By Mindy Crary

Blog Post

Welcome to the fourth issue of Money Rebel magazine!

I created this magazine to help women entrepreneurs see that just because their businesses (and money) are different than what they perceive to be the ideal—and far from perfect–doesn’t mean it’s bad. (more…)

Comments (0) |

Do you choose intimacy or control in your money relationships?

Posted on April 7, 2014 | By Mindy Crary

Do you choose intimacy or control in your money relationships

I am a recovering control freak and codependent. And throughout my earlier life, money was been a tool to tip the scales in my favor—because money can control others. Even the lack of money can be used to control others (as in, see how much I am giving up to be with you?). (more…)

Comments (10) |

Are you at risk for a tax audit? (roundup)

Posted on March 31, 2014 | By Mindy Crary

Are you at risk for a tax audit

This week I decided to do a roundup of timely and relevant articles about your money and taxes! 

What are the chances of a tax audit?

Eighteen million calls to the Internal Revenue will go unanswered, and more than half of people’s letters will take over a month to respond to, according to IRS Commissioner John Koskinen via the Wall Street Journal last week.   But even though the agency is both underfunded and understaffed, it’s still ready to audit.  To make sure everything adds up, the Wall Street Journal offers some guidelines for avoiding and surviving the agency’s suspicious eye.
 
But many people don’t need to worry; taxpayers earning between $200,000 and $1 million are more at risk than those earning less than $200,000.  Still, the IRS will run your numbers through a computer program that compares your return with a variety of averages, looking for outliers.

You could have a tax refund waiting for you

If you’re one of the 918,600 taxpayers who hasn’t filed their 2010 tax returns, then the IRS is about to bid adieu to your money. As CNN Money reports, if you don’t file your return by April 15, then your money, along with the other $760 million worth of unclaimed refunds, will become property of the U.S. government. If you thought you earned too little to file back in 2010, think again. Refundable tax credits, like the Earned Income Tax Credit, were designed to help low-income filers. The agency says that half of the refunds are worth more than $571. For more, head to CNN.

Bacon!!!

This actually has nothing to do with taxes, but I thought I’d give you a break.  I am bummed that bacon prices are rising!  TIME reports that prices for bacon, OJ and coffee, are on the rise.  Why? A virus is killing off piggies!  But before you get queasy thinking about it, know that the disease doesn’t affect people, and it’s not a food safety concern.  However, as the supply becomes scarcer, it’ll affect the price of pork.  For your morning OJ and coffee, check out the full article.

Spring cleaning your finances

U.S. News & World Report offers five ways to clean up your money act, starting with your budget. Now that we’re nearing the end of the first quarter, ask yourself: Have I been keeping in line with my savings goals? If the answer is no, don’t feel defeated — you have three more quarters in the game to get better.  And here is my personal financial spring cleaning checklist, in case you haven’t seen it.

Although the article didn’t give you the link, here is the link to your free annual credit report as required by law.  I always think tax time is a good time to check again, but keep in mind, this isn’t giving you your credit score, simply providing away for you to check the accuracy of the information listed.
 
After reviewing the budget, look to organizing, and possibly shredding, your old financial documents. The shredding is more for your financial security than it is for cathartic purposes, which is why you should consult the IRS’ website to see their guidelines for how long you should keep certain documents.  Here is a post I did on a good year-end process to make sure you’re not throwing out anything you need.

Actions This Week

go easy on yourself during tax time (that’s plenty to keep most people busy), but as you wrap up your taxes—or prepare to file an extension—make a list of the things you’d like to accomplish money-wise once taxes are out of the way. And it doesn’t have to be super-long, just decide what you want to make happen in the next 30 days!

I don’t prepare taxes, but I tend to help people get organized before tax time comes, so if you want a better handle on managing your taxes going forward, let me know!

Liking the content?
Get the free eBook!

No spam. No games. Just timely, insanely useful content to help you grow your money.

photo credit: Nomadic Lass via photopin cc

Comments (0) |

The truth about your tax return

Posted on March 18, 2014 | By Mindy Crary

The truth about your tax return

I do not prepare tax returns, nor do I play a CPA on TV.  But as a financial planner, I understand taxes and have been around enough to help with tax strategy.  And it’s that time of year when I want to punch financial services providers in the neck for making you freak out about your tax return.  (more…)

Comments (5) |
Next Page »