PersonalCapital Visual way to track progress easy and perfect way

Have you ever wondered if there exists a free alternative to your cumbersome excel sheet that you make use of to track your assets, liabilities, monthly income, cashflow, expenses, networth and lots more including all of your retirement accounts, credit cards, bank accounts including checking account, savings account, CD’s, daily trading accounts, retirement accounts including 401K, IRA, 529, 403(b) and lots more all 100% FREE?
An all in one solution to track your financial progress in beautiful visual way is Personal Capital
One interesting point to be noted while making use of personal capital software happens to be that this powerful visual interface that makes personal finance management a breeze comes 100% FREE of cost
I’m making use of personal capital software to track and manage my personal finances. All I can say is this saves ton lot of time and it would be a smart move to track all your accounts in one portal. List of items that be tracked and managed includes :
1) All Your Accounts, All in One Place – This is 100% true. You can add your checking account, savings account, CD’s, 401K accounts, 403(b), 457, traditional IRA, Roth IRS, Solo 401K, HSA, FSA , personal brokerage trading accounts such as charles schwab account, TD ameritrade account, etrade, Vanguard, Fidelity, Prudential, Capital one and lots more options to choose from. Also, track your debt by adding credit card accounts like bank of america credit card, chase credit card, discover credit card, citi card as well as credit card from merchant vendors like walmart, target, costco and lots more. You can add your jewelry, worth of your house, worth of your car, cash investment value in accounts as manual entry
Interestingly all the account balances are tracked and manged 100% FREE and automatic by personal capital and you can see the net worth changing each and every day in your personal capital dashboard
2) Dedicated Financial Advisors – Once you sign-up FREE for Personal Capital account you will get an opportunity to schedule a free call with financial planner from personal capital team. Based on your portfolio allocation you get advice on case by case basis from them for FREE
3) Personalized Investment Strategy – This is a FREE service offered by personal capital financial advisor during initial free call. They offer overview of your allocation and provide you great advice on full financial picture of your portfolio

Ebates offers hefty cashback during Tax filing

Tax season is the favorite season to talk more on money, taxes, savings, Wouldn’t it be interesting to get rewarded for paying your taxes appropriately in the form of cashback. Now, ebates does offer fantastic cashback for simply starting your tax filing from within ebates. Choose from one of the many different taxstore options available, shop around and start tax filing
Ebates a popular cashback site literally offers free money for starting the purchase from their website. This free money comes in the form of cashback. I started using this last month. I got my first cashback cheque yesterday. Today morning I started shopping around for best fee with tax filing software inside ebates website. Interestingly I found lots of interesting cashback bonuses while using tax filing software from within ebates
Here are the cashback percentage that are calculated on total amount spent towards tax filing as fees before taxes while your taxstore shopping starts at ebates
H&R Block – 9% cashback – 31% cashback
FreeTaxUSA – 25% cashback
TaxAct – 10% cashback
e-smart Tax – 10% cashback
intuit Payroll – upto $22.50 cashback
Note that taxes for 2018 are due april 17th 2018. File taxes, save money as cashback today from ebates

Mortgage 15year vs 30year mortgage make correct decision

Home buying process starts with choice of mortgage programs. There are ton lots of mortgage options to choose from. 30 year fixed mortgage vs 15 year mortgage comparison has often been considered most complex decision. Most popular options are 30 year fixed, 15 year fixed. There are less known fixed rate options like 20 year fixed, 10 year fixed rate mortgages
To start with how do I determine which is the best mortgage option? If you would have zeroed down on your home purchase the next big step is to shop around for best mortgage rates and pick the right mortgage option. There are ton lots of articles that does discuss the pros and cons of choosing the correct mortgage term. In this article we want to give our honest perspective on what could serve you better
1) Interest rate – We did a quick analysis on many different interest rate options this year. Probability shows that 10-year fixed rate mortgage is the lowest APR option. It is very interesting to note that this is cheaper than 5/1ARM mortgage. If you are someone who would be interested in saving a lot on interest, 10-year fixed rate option is the best. The second best mortgage option appears to be 15-year with second best lowest APR. This is substantially lower than 30-year fixed rate. 20-year fixed rate mortgage is an average option with balanced repayment time frame
Conclusion : If you are interest rate conscious and want to save a lot, consider choosing between 15-year fixed or 10-year fixed rate mortgage
My tax consultant says that my mortgage interest is tax deductible. Why should I choose a lower time frame?
All of us get enticed by this. If you carefully analyse this is not tax credit but only tax deduction. Say, you are in 40% tax bracket and choose to take mortgage interest tax deduction. Still you are paying 60% out of pocket.
Keep this in mind when you file your taxes. If you are borrowing for your principal residence
1.1) Federal income tax deduction – mortgage interest rate, property taxes, mortgage insurance are tax deductible
1.2) State income tax deduction – property taxes are tax deductible. This varies from state to state
It would be better to have a quick consultation with your tax attorney as soon as you have chosen to give contract on your first home to get to know more details on tax deductions you can avail the current year or forthcoming year based on your adjusted gross income
2) Amortization Schedule – This is something that I did carefully look over. For simplicity, I’ve done analysis of 30-year fixed versus 15-year fixed amortization schedule comparison. Here is what I found:
2.1) In case of 30-year fixed we may have to wait 12 year 4 months for the principal amount to exceed interest amount. People claim that if we have excess funds in a particular month, we choose to pay that towards principal that month. Still we pay high interest rates. As I mentioned in first step, the interest rate deduction is only 40% and 60% excess is a loss only
2.2) If we look at the amortization schedule of 15-year fixed, about 63.3% of the amount goes towards principal from first mortgage re-payment, where as in case of 30-year fixed about 31.5% of the repayment is considered towards principal to start with
Say, you would have held the house for 5 years, the difference in the amount repaid might be around $300 to $500 on an average loan. That boils down to $18000 to $30000 in excess in case of 15-year fixed loan. About $11394 to $18990 is repaid towards principal. In case of 30-year fixed the amortization is different. Hence, it would be better to go with 15-year fixed if you can afford to do so
3) Age of the home buyer – If you are just out of college you want to max out 401k, IRA, 529 college funding in addition to your home mortgage. If the excess money needs to be invested on pre-tax basis 30-year fixed is the best
Tip :
401K, HSA, IRA contributions happen on pre-tax basis and has much bigger tax saving compared to repayment in excess in post-tax basis
If you make sufficient money to contribute towards 401k, HSA, IRA and then pay 15-year mortgage go for 15-year mortgage. Otherwise, 30-year fixed can be a good choice
3.1) If you are above 30 years of age and still done have sufficient retirement funds to start with the best option would be 30-year fixed
3.2) If you are above 30-years of age and have decent retirement funds, can make retirement investment contribution with 15-year mortgage go for it. Ideally after 15 years your home is debt free, you can use it to finance college education expenses of your kid. By 45 years of age you are free of tension and can focus on your kids education next 5 years, focus on retirement next 5 to 7 years
3.3) If you are above 40 years of age, depending on how much you make choose to balance retirement and mortgage
In any of the above cases only mortgage is risk free. Other investment options are in mutual fund and are subject to fluctuation. Even the home prices might go up or come down. You always need your own shelter and make nothing out of rental. Hence, go for it today

Walgreens prescription history for taxes

Now, it is possible to access your prescription records as well as you past payment history online form Walgreens. This is an interesting feature offered for free by Walgreens Pharmacy
Why do I need to access these records?
You can access details on prescription, payment history that can be used for filing your taxes
If you own HSA (Health Savings Account) account if there is an audit this comes handy
FSA (Flexible Spending Accounts) reimbursements mandates prescriptions that can be accessed from here
If you would like to share details on your health with family, friends this comes handy
How do I access my prescription records and payment history?
Navigate to the website of Walgreens Pharmacy
Register for free and access details

Best budget mattress

Are you interested in purchasing a new mattress? Are you confused as to how to go about this process. Every task can be successfully accomplished through great planning. Plan perfect to achieve great is the strategy. All you have to do is prepare a checklist (even write it down in a piece of paper) before starting a mattress search
1) What is your budget ?
Maximum budget and minimum budget should be fixed. It is always possible to have a tolerance of +/-5% of this budget. Cheaper you make it best is the deal. This helps us locate the price range and look out for mattress easily
2) When should I go for a mattress?
Always look out for season deals. This is the halloween, thanks giving, christmas season and best time to look out for great deals. Have the list of major websites listed and search for deals online. Some stores offer interesting deals with shipping and handling free if the purchase is above certain limit. Read the instructions carefully before finally using the credit card to checkout the mattress. It is best time to get $200 and more money saved through deals. Use this money for bedding sets, and mattress maintenance
3) Is mattress financing good?
If you want to purchase a product look out for 0% interest financing. this helps us pay our money in installments at no extra cost. Most mattress makers and dealers offer financing as less as 6 months to about 2+years at 0% interest rate. This depends of cost of the mattress you purchase. This helps a lot. You can invest the money in Fixed deposits/CDs and make interest in that tenure. Be careful and see when the deal expires. If you miss it interest rate could go as high as 12%.Have an eye on it.
4) What type of mattress should I go for?
Having fixed everything else this is a important step – tempurpedic, latex foam, spring are the types. Pick the right one
5) Do I need a peer review?
Nothing is as great as peer review. If you don’t get a chance to try the mattress in shops ask for peer review. This helps us take good decision.

Bulk grocery purchase to save money in bulk

I went out for a shopping today. I was looking at the cost of groceries that I use on a daily basis including tooth paste, soaps,tissue papers, body wash to name a few. When I noticed the price tag I was able to see that the price of my regular toothpaste is up by 20 cents. It was one year since I had gone for a grocery purchase.
How can your bulk grocery shopping help you save money?
Most of us concentrate on major items like bedding, bath, clothing, electronics to save during thanks giving day. Most of us miss to see that by purchasing groceries in bulk for next 2 years( look at expiry date. Most of them can be used beyond 3 years), we can save closer to 20% to 30% on our grocery purchase. Depending on number of family members it may vary between $20 to $50.
1) Purchase tooth brush for your family in bulk
2) Purchase toothpaste in best deals available during thanks giving, christmas sale
3) Purchase soaps, body wash solution
4) Purchase detergents for washing clothes
5) Purchase room cleaning solution, toilet cleaners, grease and stain remover for kitchen – This can be used for as long as 3 to 5 years
6) Purchase new mob, gloves used while cleaning stove
These are some common simple purchases often overlooked during special days that come with deals like thanks giving day, labor day sale, memorial day sale, independence day sale and lots more. Make it a point not to miss this during this purchase. Always penny saved is penny earned.

Can i pay taxes with credit card

I filed my taxes yesterday and chose to pay the taxes using my Chase Freedom credit card instead of direct ACH transfer from my bank account. The CPA was against this as he had mentioned that I’m making a foolish decision by wasting 1.89% towards processing fees. Here is what I explained him that I’d like to share as money saving tip today
1) I applied for chase freedom credit card last month after doing rough math of my taxes. Chase freedom card comes with $150 cash back bonus that can also be redeemed in form of Chase ultimate rewards that can be used for many different purposes including travel. In my earlier post I’ve given full details on why I’m maintaining my Chase Sapphire reserve credit card inspite of paying $450 annual fees. The ultimate reward points that I earn towards meeting this spending limit can be redeemed towards travel 1.5 times its value as ultimate reward points can be combined and transferred from Chase freedom card onto Chase Sapphire card. The equivalent cash value becomes $150 x 1.5 = $225
2) In addition to this I earn 1% cashback on my spending in Chase Freedom credit card
3) Chase freedom comes with 15 months 0% APR on purchases. So, I dont have to repay this amount in full. Typically if I repay the minimum balance with $1 extra every billing cycle for next 15 months it is more than sufficient
4) I can park this money in safe instruments like one-year CD. Currently the average rate on one year CD is 2.10%. With 15 months interest it comes around 2.15% APY
Now, let us do simple math on processing fee and see if we make more
Processing Fee = 1.89%
Income Earned by Parking in CD’s = 2.15%
Cash back rewards = 1%
Cashback rewards + sign-on bonus rewards towards travel = 1.5 times $150 plus your tax bill
As a whole I save 0.50% minimum towards this if I make use of Chase Freedom credit card. You can apply for Chase Freedom credit card and get this approved today. Interestingly there is no annual fee ($0 annul fee) on Chase Freedom credit card

NRI Invest in India different investment options

NRI, the non-resident of India is the status obtained as soon as a person leaves India and visits a foreign country as a temporary employee, business men with Indian citizenship, student visa (with some exceptions) , temporarily posted in foreign nation by state and central government agencies such as banks, IMF (International Monetary Fund). Note that visitor visa doesnt entitle you to obtain NRI status.

So, as an NRI can I invest in India?

The simple answer is yes. You as an NRI are entitled to invest your hard earned money in India. Here are some popular ways to invest your hard earned money in India

1) Fixed deposits – Open a NRE, NRO , FCNR, RCF fixed deposit that gives constant yiels monthly, quarterly, annual basis or upon maturity. The interest earned is taxable at rate of 30%. It is interesting to note that if you are an NRI you can utilize the double taxation avoidance agreement the treaty that Indian government has with some countries that helps you have your returns taxed at a lower interest rate of 15.45% (includes tax deducted at source popularly called the TDS, education tax, cess)

2) Gold deposit – Have your money remitted to your relatives in India and ask them to purchase gold coins, gold bars, gold jewellery in banks, reputed jewellery stores, popular shops like TATAS tanishq. Gold has tax at the time of purchase after which there is not tax upon sale

3) Mutual Funds – As opposed to popular belief that NRI’s can invest in all the mutual funds, only chosen few funds are open to general public. The income earned on mutual funds are taxable

4) Fixed maturity plans – This is a popular option similar to mutual funds. Some popular reputed mutual funds are operated by best bank SBI and other private sector bank like ICICI, HDFC, Kotak Mahindra, Birla group, Reliance etc

5) Real estate – The best ever enticing investment is the real estate. This includes investment in land, home under construction, second hand home, apartments and NRI’s are eligible for tax upto  5 crores based on level of income. It is to be notes that the rental income earned needs to be filed as income tax in India.

Ebates cashback sweet spot on purchase

I wanted to utilize the promos, coupons , deals that come as part of St.Patricks day this year. It’s been a while I’ve purchases my handbag, before six years to be exact. Also, I bought an affordable comforter for our family before 7 years. I thought it would be better for me to make bedding set purchase as well as handbag purchase this year
As a first step, I logged into ebates a cashback website that I did enroll this month. This is a totally new concept. Now-a-days I see that most of the online shopping on major brands like walmart, kmart, target, krogers, 1800flowers, JCPenny, even travel websites like expedia, travelocity, orbitz, hotel booking website, and much of the top brands that sell their service online has partnered with cashback websites like
When I mean by cashback, note that you need to do the following to earn money in the form of cash. Currently ebates has an option to ship the physical cheque to your home address as per their cycle. For my purchase made yesterday in the month of march, I got an email confirmation saying that I’m going to get this cheque in the month of May. This is my first try and I see ton lots of positive reviews about the credibility of ebates, they have been in business so long and I’m sure that I’ll get this cheque in the month of May 2017
Adding to this I did chat with JC Penny online store customer support to make sure I’ll get rewards if I start the shopping from ebates. They confirmed that I’m going to get my money from them
To start with here are the simple things to earn free money on your purchase
1) Create an account at Ebates website. IF you click on the banner below, you will earn $10 during your first purchase. So, dont miss $10 worth of free money
Ebates Coupons and Cash Back
2) Once you signup your free account, you can login and perform the search based on categories as well as keywords. I wanted to purchase bedding and did a search on that. I got a list of stores with their current coupon details. I found JC Penny offering coupon that will save me 20% on my purchase sitewide on any purchases over $100, 15% purchase below $100. Also, JC Penny offers free shipping for orders over $100. I did choose to utilize the opportunity and clicked on SHOP button from ebates website
3) In JC Penny website I made a purchase and finalized the order. I placed the order and to be double sure used the email address that I did make use of to create my ebates account. Typically the link tracking should work fine, but I did not want to take a chance. EVen if they do email comparison I will have credibility of being loyal to ebates
4) Immediately I turned back to ebates website to see what is going on. I did not see any cash back. This was yesterday night
5) Today morning exactly after 3 hours of making purchase I got the cashback credited in my ebates account. I’ve set my email alert in ebates, that did notify me of this

6) Ebates promised 3% cashback on my purchase. I see that the cashback earned is before taxes after applying JC penny discounts to the products. As such I got 20% + 3% 23% discount on the entire sale yesterday
Ebates Coupons and Cash Back
Today I got an email from airlines loyalty program and they talk about earning 5 miles per $ spent in their airline reward program. I got much interested. I’ll keep publishing my analysis and findings on ton lots of money hacks, travel hacks, cashback, deals , offers and lots more including my case studies that did work for me
Ebates has an option to send you cashback in form of physical cheque to your address as well as your paypal account. To support us please click on this banner to register your ebates account for FREE and start earning money today onwards
Ebates Coupons and Cash Back