The budget tip of the week reveals that the cost for owning cars including the payments, gasoline, insurance and maintenance can be the largest collective cost in the monthly budget. Part of this cost is for tires than can be $500 - $1,000 to replace. One solution is to buy quality used tires online and the cost can often be 50% less.  https://www.bestusedtires.com/

Is it more beneficial to choose the standard deduction or itemize deductions? They also review many of the common deductions that many tax filers qualify for. In addition, the goal is not to receive a tax return; the average refund is $3,000 and this money can be used to pay down debt such as credit cards and car loans or it can be used as an investment that can achieve compound interest throughout the year. Otherwise, the government holds on to this money for one year. For the stories of the week: starts with the cheapskates. Several topics are revealed from people have about what others do to save a buck or not pay their fair share. Lastly, is the story about a girl that won a car in a raffle and gave it to her coworker so that she would have reliable transportation. IRS Links: https://www.irs.gov/taxtopics/tc501 https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents Cheapskates https://didyouknowfacts.com/27-people-recall-cheapest-thing-ever-saw-someone/ Car Giveaway https://www.postcrescent.com/story/news/local/2021/01/28/months-after-meeting-chick-fil-a-employee-wins-co-worker-car/4173590001/

The budget tip of the week discusses how much money that you save by cutting back on buying coffee from a barista.  It is possible that a family of four can spend up to $7,700 per year.  Next: how much money can be accumulated by investing the savings and letting the compound interest grow.

This episode discuss the details about how to allocate assets in your 401(k), Roth 401(k), 403(b) and 457(b) plans. What are the many types of mutual funds that invest in the stock market including large-cap, mid-cap, small-cap, international funds, value funds, balance funds, bond funds, and money market funds? For the stories of the week, they discuss a Valentine's Day theme. First they cover stats on how much each generation spends as well as the difference between men and women. Next: the story of the San Antonio Zoo that created a fundraiser for cockroaches and rats to be named after people's ex-partners and then watch them be eaten by animals on Facebook live. This fundraiser is known as Cry Me a Cockroach. Next is another fundraiser by The Lexington Humane Society and for $10, people named cat litter boxes after their ex-partners so they could watch cats crap on them. This fundraiser is known Retripootion. Lexignton Humane Society - Retripootion https://www.lex18.com/news/covering-kentucky/for-10-cats-at-the-lexington-humane-society-will-take-a-2-on-your-former-1s-name San Antonion Zoo - Cry me a Cockroach https://www.ksat.com/news/local/2021/01/21/cry-me-a-cockroach-san-antonio-zoo-is-helping-scorned-exes-on-valentines-day-with-cringe-worthy-fundraiser/#:~:text=SAN%20ANTONIO%20%E2%80%93%20The%20San%20Antonio,reptiles%20and%20mammals%20to%20eat.

The budget tip of the week details how to prevent Americans from wasting 40% of the food that they buy. In fact, the average household wastes $3,080 per year and investing that savings can add up to over $300,000 over a 30-year time span.

This episode reviews having a 401(k) and Roth 401(k). Why you should have a 401(k), what is the best option, and when should you start saving.  In the roundtable: ghosts appear to be knocking items off of stools and the the bar in the basement along with stories around spilling things in public places.  For the stories of the week: How a 5th grader cashed in nicely on GameStop stock that was purchased by his mother a few years earlier.  Lastly: a slew of interesting topics around the Superbowl and who they think will win the big game.  Superbowl  https://wallethub.com/blog/super-bowl-facts/1589

The budget tip of the week explains how to account for capital gains and losses from selling stock. Knowing this information has an impact on adjusted gross income (AGI) when filing taxes each year.

This episode discusses GameStop’s astronomical rise in their stock price due to the people on Reddit's Wall Street Bets forum colluding together to drive the stock price up and squeeze the short sellers namely, Melvin Capital. Next: how short selling works, why you should be careful with this type of stock betting and what is the aftermath going to be.  In the Coronavirus montage: razor blades in the walls and single toilets in basements without a bathroom.  Lastly: amazing treasures that people have found in their homes and sitting in the ground. Razor Blades in the Walls  https://www.rd.com/article/if-you-live-in-an-old-house-there-could-be-razor-blades-in-your-walls/ Pittsburgh Potty   https://www.familyhandyman.com/article/heres-why-old-houses-have-a-random-toilet-in-the-basement/

The  budget tip of the week explains the rule of 72 which determines how long that it takes to double your money based on your desired rate of return. In addition, the benefits of compound interest and how investing adds up over time.

This episode discusses why a will is not enough to protect your estate and why a trust in most cases supersedes the will. This way, you can ensure that your investments and your assets are distributed to the people that you intended without conflict.  In the roundtable: the lack of exercise and how the Mirror exercise machine can get people back into shape.  In the Coronavirus montage: insider information of what happens behind the technology with dating apps from the people who've worked there. You'll be surprised what we learned.  Next: how the kiss or smooch has shaped our culture throughout history and lastly they discuss the famous photo "The Kiss Heard Around the World" from 1945 when World War II was declared to be over. Blog Transcript: https://www.somethingonmymind.net/post/43-to-trust-or-not-to-trust-how-to-protect-your-investments-and-your-estate Kiss Heard Around The World https://www.navytimes.com/news/your-navy/2018/03/08/the-kiss-heard-round-the-world-wwii-sailor-gives-lip-service-over-famous-photo/ Dating App Insider Informatiomn https://www.buzzfeed.com/stephenlaconte/dating-app-secrets-employees-tell-all-reddit