Personal Finance

YPRuck: YPBlogSpot was contacted by a partner of Fellowes, Inc. regarding sharing some tax season tips to protect Young Professionals from the costly crime of identity theft.  As Young Professionals it is important to be aware of all possible threats to one’s personal information and ways to protect this information.  Take heed to the tips via Fellowes, Inc. and the Identity Theft Resource Center and protect your information YPs.

The Identity Theft Resource Center and its corporate sponsor Fellowes offer the following tips to help consumers protect themselves from identity theft during tax season this year:

 

Filing taxes online:

  • Choose a tax filing service you are familiar with. The IRS provides a list of approved companies at www.irs.gov/efile.
  • Make sure personal computers are protected with updated firewall and secure software systems, which contain antivirus and anti-spyware programs.
  • If you are storing important tax-related documents on your computer, change your passwords frequently between December and April.
  • Ensure that every website you are using during tax filing is encrypted to protect personal information when transmitted.
  • Shred any backup documents once you’ve filed your taxes online with a Cross-Cut shredder like Fellowes’ 79Ci.

 

Filing taxes by mail:

  • Regularly check the mailbox for W-2 forms and other documents containing sensitive information that arrive by mail. If you don’t receive these documents by Feb. 15, contact the IRS for assistance at (800) 829-1040 as missing forms may be an indication that an identity thief went through your mail.
  • Send completed tax returns from a locked mailbox or the post office. If mailing from home, do not put the mailbox flag up. This [click to continue…]

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Suze Orman is a very well respected financial advisor who happens to be a motivational speaker, host of her television show on CNBC, and author of 6 consecutive New York Times Best Sellers. She was also selected by Time magazine as one of the TIME 100, The World’s Most Influential People. So if anyone understand finances, it would be her. She has compiled a list of top 10 money tips for 2010, that I would like to share with you all. I certainly took away a thing or two from this helpful article. Enjoy!

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One of my favorite sites to get valuable information regarding my money is cnnmoney.com. I was looking through the site one day, and came across this quiz that grades how well you are doing with your personal finances. I took the test and received a pretty high score, but it also showed some areas that I can improve upon. These areas crossed my mind before, but this quiz was very helpful, because at the end, it actually highlighted the areas that I needed to work on.

If you have goals with your money, or just want to see how you are doing, I highly recommend this quiz. I would also recommend that you be as honest as possible, because the more honest you are, the more accurate the results. Take the test, and happy savings!

Finance Test

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YPs, today we have another YoungProfessional giving some insight.  Jonathan Neale is a financial professional who is giving great advice on responsible spending.  Make sure you get the most out of this article, because I know we all can use some advice on this topic.  Jonathan has his own company and has listed his company’s information, for those of you who read this article and would like to seek his expertise, personally.  YPs Stand Up!!!

Responsible Spending

Good Day Everyone,

          First off I would like to introduce myself.  My name is Jonathan Neale and I am a Philadelphia area financial professional.  I have been working in financial services since before I started college and would like to share some food for thought for all young working professionals.

          Being a young professional carries a lot of responsibilities.  We have to act in a way that will get us recognized by our superiors.  When noticed, we want to look and feel our absolute best.  The only way to move ahead in life is by showing people you are the best at what you do and who you can be.  This means buying the nicest clothes, shoes, watches and always having a fresh appearance. 
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The Biggest Losers (of Debt): How a Family Shed $106,000 in Debt

October 7, 2009

  I came across this story almost a month ago and was wondering how the hell this family paid off $106,000 in debt in 5 years without hitting the lottery or receiving a lump sum of money.  This family went with a consumer credit counseling company which is not a bad thing and can be a [...]

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Washington, D.C. favorite area for wealthy young

September 17, 2009

YPDSing: It is interesting to see where today’s YoungProfessionals are migrating to these days. I remember a time where everyone was trying to get to Atlanta for corporate growth and lifestyle. There always seems to be somewhere to go where YoungProfessionals seem to be flocking. Today it seems that DC is that place. The DC [...]

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Simple, Easy way to Construct A Budget for YPs

July 29, 2009

You Shared Bills  Income    $    2,000.00 1-Aug-09 Confirmation Number   Expense  $      (300.00) Car Note     Expense  $        (80.00) Phone Bill    $   160.00 Expense  $        (75.00) Car Insurance     Expense  $        (75.00) Food    $   150.00 Expense  $      (200.00) Student Loans     Expense  $        (50.00) Gas     Expense  $        (25.00) [...]

4 comments Read the full article →