Home > Author Archives: Kayla Sloan (page 10)

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

Why We Let Others Influence Our Spending

Why We Let Others Influence Our Spending

Peer pressure can be a powerful thing. Just ask any teenager – if you can get them to talk without rolling their eyes at you. But peer pressure, or influence, doesn’t just affect our youth. When you graduate and make your way out into the world you still have to deal with pressure from others, just in different ways. One way others might influence you can be through what you buy and how you spend your money. Have you ever gone shopping with a friend and after you got home you looked at what you bought and thought, “What was I thinking?” That is commonly referred to as buyers regret. But why have regret? More importantly, why let others influence our spending in the first place? Here are few reason we let others influence our spending. We Want to Fit in One of the reasons we may let other people influence what, where and how we spend our money is because we want to fit in. We tend to emulate what other people do and how they act without even realizing it if we have a sense of admiration for them. So, we buy similar things to what they buy ...

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11 Tax Deductions You Might Be Overlooking

11 Tax Deductions You Might Be Overlooking

Tax time is right around the corner whether or not you are prepared for it. We all know a few people who are never prepared for tax time. But even if you feel like you have prepared for tax season, you might not be as ready as you think. The truth is that there are tons of tax deductions you might qualify for. With so many, it can be hard to keep track of all of them. To help you out and make sure you save as much money as possible, here are at 11 tax deductions you might be overlooking. 1. Moving Expenses When you relocate because of your job, you might be able to claim those costs as a deduction when you file your taxes. Of course, you must meet certain qualifications. 2. Student Loan Interest You can deduct the interest you paid for your student loans, or the interest student loans of any dependents. There is a cap of $2,500 and you have to have an adjusted gross income of $80,000 or less to qualify for some of this tax deduction. 3. Membership Dues If you pay membership dues that help you conduct your business, you might be ...

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4 Financial Reasons You Might Want to Sell Your Home

4 Financial Reasons You Might Want to Sell Your Home

Selling your home and moving isn’t an easy process for most people. You have to pack up all of your stuff making sure it’s well protected from breakage, hire a realtor, and keep your home presentable while it’s being shown. Of course, you could sell your house on your own as so many people do these days. But what if you need to sell your home within a short amount of time? There are at least 4 financial reasons you might want to sell your home quickly. 1 Eliminate Debt In most cases, the largest amount of debt most people have is the mortgage on their homes. If you are trying to eliminate the amount of debt you have, you might consider selling your home to help you get out from underneath it. You certainly don’t want to wait until you are faced with the threat of foreclosure to sell your home because that can completely wreck your credit for many years to come. As difficult as it may be to make the decision to sell your home, it could be the best financial option in some situations. 2 Lower Your Payment Another reason to sell your home might simply ...

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6 Things to Include in Your Holiday Party Budget

holiday party

Just about everybody loves a good party. If you are planning one for either Christmas or New Year’s this year, you might be wondering what things to include in your holiday party budget that will make your party a smash hit! Taking time to make a plan, and a budget, for your holiday party will ensure you don’t go over board with spending during the expensive holiday season. Plus, it’ll help you avoid forgetting things that you’ll have to run and grab at the last minute. It’s a win-win! Here are 6 things you should include in your holiday party budget. 1 Food It isn’t a party if you don’t have great food. Make sure you plan your menu ahead of time and don’t wait until the last minute to do your grocery shopping. I was once forced to change my holiday menu because the only grocery store in my small town was out of a critical ingredient I needed for one of the food items I had been planning. If some of the ingredients you need are canned or boxed you might be able to pick them up a couple of weeks early when they are on sale and ...

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How to Make Money Renting Your Home for the Holidays

How to Make Money Renting Your Home for the Holidays

The number of shopping days until Christmas is dwindling and ready or not, the holidays will soon be here. Will you be traveling for Christmas this year? If the answer to that question is yes, it might be worth your while to look into how to make money renting your home for the holidays. You might make enough to pay for your own holiday travels rather than letting your own house sit empty while you are gone. Advertising There are a number of companies online that can assist you with listing your property to rent out to others for their holiday vacation. Airbnb and HomeAway are just two of the many companies you could check into to help you get started. All it takes is a few mouse clicks to begin making money during the holidays by hosting your home with either of these companies. In addition, you’ll need to consider setting up a website to help potential renters and travelers get a feel for what they will receive when they rent from you. Include detailed descriptions and lots of pictures to help you entice people to stay in your home. Make sure you have contact information including a phone ...

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