Personal Finance Roundup

How I gained 5 lbs in one week [I Will Teach You to Be Rich] “Everyone’s got an opinion about what you ‘should’ do with your personal finances. But the truth is, most of them are full of hot air and you can get it done using a few simple steps.”

Tax valuation guide for goods donated to charity [Bankrate] “Use the work sheets to record your contributions and use them when you itemize your deductions.”

Little time left for cutting your ’07 taxes [MSN Money] “Now is when you should make important moves to cut this year’s income taxes. So give yourself a present and take action before Jan. 1.”

Three Gadget Sites You Shouldn’t Shop Without [Smart Money] “There are a handful of little-known sites that are not only safe, but can also save you more money than even the most popular discount retailers.”

How to Spot a Foreclosure Rescue Scam [Yahoo Finance] “Unfortunately, with the millions of people now at risk of losing their homes, an entire industry of ‘scammers’ has been created to take advantage of those facing foreclosure.”

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(Photo: Andy Dick)

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  1. ideagirl says:

    my mom has had her house go into excrow, and fall through, TWICE in the last year. Each time it fell through, these dirtbags came out of the woodwork, even going so far as to sneak into her complex and slip notes under her door. Fortunately, she is pretty hip to scams, so she had fun with them. To the guy who claimed he worked for “the bank” (her mortgage isn’t owned by a bank), she grilled him until he cried:

    “REally? FOR the bank or WITH the bank? In what position? Oh, so you’re an independent contractor? Oh, your not?? Then exactly how do you work with the bank> Oh by the way, my house isn’t in forclosure…”

  2. youbastid says:

    The gadget sites they named pretty much suck besides newegg. Amazon is better than any of them.

  3. lockdog says:

    The best way to find the fair tax value for donated items is simply to find out what the charity sells the item for. Of course, most are afraid of the paperwork or liability in tracking this individually for their donors. But, it pays to shop around. You’d be amazed how much some of your donations are worth in the hands of the right charity. I manage a Habitat for Humanity ReStore that is on track to gross $650k this year in a community of 250,000 primarily in cabinets, appliances and large furniture items. I’ll have to work up our price sheet for another post. I’d link to it here, but I’m afraid to hose our server.

    Of course, if you are donating am item worth more than $5000 dollars (say your old kitchen cabinets), you’ll want to hire an appraiser and also fill out IRS form 8283. Contact the charity for help with this, many can recommend a local appraiser.

  4. nardo218 says:

    What is that weight gaining man babbling about and why should we care?