A word of caution, this strategy is for people who can afford to float the money should things not go to plan, ready to play with Credit Card Arbitrage? This post will highlight how to leverage a couple of tools to our advantage and result in a rather attractive net profit. Also, for full disclosure, […]
Spend up your FSA Dollars Now!
Tis the season for the Government to get it’s jollies and confiscate your FSA account. The FSA is a great addition to a family budget, it is a work sponsored account that allots pre tax income to a fund that can be used to cover out of pocket, qualified medical expenses. Since the roll out […]
Advanced Trading – Creating Tax Advantages with connected trades
Options trading is an easy way to gamble on the market. Read that line again before moving on. This post will explore one of the most basic of Options Trades, and look at the ways to maximize profit by tax avoidance, cost reduction and consider the risks of the game. The gamble that occurs is […]
FAIL – $5,000 Brokerage Account – December Edition
Earlier this year I decided to challenge myself to create a Brokerage Account with a value of $5,000 within 12 months, using a combination of two things: Cash Back from Credit Card spending, and an additional deposit of $75 per month that I released from my budget by dropping Cable TV.This is the third post […]
How to Use the Fidelity 2% American Express Card with a Cash Management Account
I talk a lot about the Fidelity American Express, it is one of the very best cash back cards you could get, offering 2% in all categories, and with no annual fee, should be an addition to everyone’s wallet.A well structured, and therefore more complex Cash Back strategy would include other cards, such as the […]
A Danger of Buying FSBO
It’s house hunting time again for us, and I noticed something about myself that worries me. I plan to sell my current place FSBO to save half the realtor fees, by listing the property on a FSBO website and paying around $400 I can get the listing added to the MLS, the database that all […]
When is a Mortgage not a Mortgage?
Mortgages are on my mind this month, as we again are looking at making the move to buy a house. We are planning to stay near New York for various reasons, but thinking to move outside of the five boroughs (Manhattan, Bronx, Queens, Kings, Staten Island) since doing so will mean we can avoid the […]
Bitcoins gaining traction
I first wrote about Bitcoins back in May, when the price was trading at $120 per coin, as of today their current market price is over $700 a coin… by the end of the year who knows, perhaps pushing $1000 or perhaps worth as much as free investment advice.Back when they were $120 I didn’t […]
What YOU need to know about IRS Form 1099-K Payment Card and Third Party Network Transactions
Disclaimer, I am not a Tax Professional, seek professional advice (or help) before employing any strategies you see on Saverocity.comA 1099-K is a specific variation of the 1099 that pertains specifically to transactions involving payment card and transactions through third party networks.The 1099-K scares people, striking fear in the heart of any person who does […]
Alternative Accomodation Solutions for Superbowl – what you need to know
Accommodation solutions for Superbowl are some of the most novel I have witnessed. I remember back in 2005 having a much appreciated week off work when the Cruise ship I was assigned to, Holland Americas Zaandam along with its sister vessels the Volendam and Zuiderdam all decided to park up for and become floating hotels.