{Wedding Budget} Could My Wedding Expenses Be Tax Deductible?

Have you ever had an ah-ha moment in front of total strangers? You know, when the light bulb goes off and your mind starts racing. Well, I had that moment early this summer when meeting with a bride and her CPA father to discuss her décor for her wedding. We were talking trends in weddings, when someone asked, “what happens to the wedding flowers after the wedding?”. I told them of the article I read that inspired me for my own wedding (which then was just a daydream). The article suggested that couples donate extra floral left from the wedding to the residents of a senior care facility. While there, ask the residents for their wedding advice so that they get visitors and the newlyweds get advice from generations before. I thought it was a great idea and a sweet way to start a marriage- giving. The bride’s father interjected agreeing that it was a great idea! Especially since, you could write it off on your taxes. AH….HA…..MOMENT!Tax Deductible Wedding copy

Who knew that some wedding expenses are tax-deductible? I starting researching wedding related tax-deductions in planning my own wedding and I was surprised by what I found.

Click here to  find  the secrets behind tax-deductible wedding expenses and how they can work for you!

What are your thoughts on tax-deductible wedding expenses?

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Email SMC: shemakescents@gmail.com 

This post was first featured on the FeeX blog.

{Debt Management} Is This Super Easy Financial Move Worth The Risk?

You Get Out of Debt The Same Way You Learned How to Walk- One Step At A Time

Dave Ramsey

I am from the generation of instant results. Sometimes this can be a bad thing, but in this case, I think my generational behavior will pay off. I am working toward my next financial goal of having a zero balance on my credit card by August 1, 2014. Once I reach my goal, I plan to only use the card for things that can be paid off before the end of the billing cycle (if I must use the card at all). Last year, my balance reached over $5300.00 and my monthly bill was putting a wrench in my spending/savings plan. That was my “aha moment”. It was then that I decided to take full control over my financial situation by not only setting goals, but dates to meet the goals. Financial coach and author, Dave Ramsey, believes that you get out of debt the same way you learned to walk—one step at a time. For this idea, Ramsey created 7 Baby Steps to help people beat debt and build wealth. The first Baby Step is to start an Emergency Fund of $1000.00. Once you’ve completed Baby Step One, you then move on to Baby Step Two where you start to pay off debt using the Snowball Method. I’m at Step Two and I am trying to pay off my credit card and then move on to my student loan debts as fast as possible. This led me to a thought one day to do something extremely risky….

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Playing Russian Roulette With My Finances

In my Week 14 update of my money challenge, I relieved for the first time just how I have gone from balance of $5300.00 to a $1345.00. The closer I get to the $1000.00 mark the more crazy ideas flow through my head.

For instance, I came up with the idea, a while ago, to go against Ramsey’s advice and completely deplete my emergency fund once. I would do this only when I got my credit card balance under the $1000.00 mark. The Pro to that idea is that I will immediately have a ZERO balance by using the Emergency Fund to pay off the remaining balance. The CON… well we call it an “emergency” for a reason. It is a somewhat good idea if I had a crystal ball and a glimpse that there would be no financial emergencies soon. No one can foresee when you really need to tap into that fund. Plus, not having the funds at all will send you right back into debt because you will have to cover the “emergency” with credit or even worse, borrowing from someone else.

Keeping my original idea in my, I considered a tapered down version of my risky plan. Instead of depleting the Emergency Fund completely, I would take out $500.00 and apply it to my credit card balance once I got under the $1000.00 mark. Doing so will help me to reach the zero balance goal, two months ahead of time and stay on track with my financial plan. Once the credit card balance is paid in full, I would then continue my normal $300.00 per month + money from the 52 Week Money Challenge to replenish the Emergency Fund until August 1st. Because I have eliminated interest, I would actually end up with $100.00 extra going back into my Emergency Fund.

If You Were Me, What Would You Do?

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Email SMC: shemakescents@gmail.com

The Envelope System Saves $$$

SMC on The Envelope System

Someone pinned this picture on Pinterest of them dividing their money into different envelops as suggested by financial expert, Dave Ramsey. His explanation of the envelope system was simple and made cents/sense, so I thought I’d share it. My thoughts are in PINK, of course. … Continue reading

Mint.com Interview with Founder of SheMakesCents.com, Danielle Y. Boler

Mintcom

Back in March, I was contacted by a Editorial Assistant for Mint asking if I would be interested in doing an interview.  I interview people all the time, but rarely am I on the other side of questions.  Excited and … Continue reading

{Splurge or Save} Christian Louboutin Nail Polish

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Anyone who knows me personally, knows that I have an affinity toward nail polish. The Mr. once described my behavior in a Sephora on the Las Vegas strip as a “lioness approaching her prey”. With that being said, I have … Continue reading

{Personal Story} The Mr. Asked Me to be His Mrs.

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He stole my heart, so I’m stealing his last name! It’s been a minute, but I have a really great reason for getting slightly off the editorial schedule. One week ago, the Mr. asked me to be his Mrs. That’s right … Continue reading

{Business Cents} How Your Memory Can Help You Stand Out

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Photo Credit:  Professional Women’s Business Network

I say that first impressions are everything but I would also  like to add that the little things matter too.  Let’s try a little experiment.  Raise your hand if you have experienced this statement:

Nice to meet you.  I’ve already forgotten your name.

Did YOU forget the name or was YOUR name the one forgotten?  I experience both sides of this example on what seems like a daily basis when meeting with new clients.  I’m embarrassed to admit that; however, I have made the ability to recall names or better yet face/name recognition on my priority list of things to work on.  Remembering someone’s name makes them feel important, shows you are engaged, and makes you more likeable.  Todd Smith, in a blog post entitled The Value of Remembering Names sums it up nicely in a series of questions that hits close to home.  “Have you ever met someone for the first time who hardly looked you in your eyes, said the standard nice to meet you greeting without any authenticity behind their words and couldn’t remember your name five seconds later? What impression did this person make on you?

How Your Memory Can Help You Stand Out

Apparently, you tend to hear your own name instead of others when you are introduced to a new person. It takes a conscious effort to hear the other person’s name and in the world of shortening attention spans, people who actually make the effort to learn the name of another person, stand out.  I am working on it and one thing that helps is using the person’s name when speaking about them.  Remember, you want to stand out in a positive way and doesn’t it feel great when people remember you?   Check out these 10 Simple Tricks to Remembering Names that can help you make your  first impression be a lasting one…. you know, the good kind.

What are your tricks for remembering someone’s name?

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Email SMC: shemakescents@gmail.com

{The Bouqs} The Most Epic Way to Buy Flowers – But Is It Worth It?

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You know I’m all about using my “cents” to live a fabulous life. As I get older, however, I’m feel empowered to define and redefine what a fab life looks and feels to me. One thing that is classic and has … Continue reading

{Quick Tips} Every Woman Should Know How to Be More Efficient.

She Makes Cents

Women wear several hats everyday and in a society where time is money, learning to be more efficient could be exactly what you need to become more organized, sleep better, and be a ROCK star in your career.  I can’t think … Continue reading