Varner



Track Your Spending

In these uncertain economic times, it is especially wise for individuals to have their finances under control. For most, to live within one’s means is to spend less than one takes in. Seems simple enough. Most people know how much money they bring in but not as many know where it is goes. According to […]

Inflation

Inflation

There is a saying that the only two things inevitable in the world are death and taxes. A close runner up taking the bronze medal would have to be inflation.  Inflation is defined as a general increase in prices and fall in the purchasing value of money. The Bureau of Labor Statistics tries to measure […]

Five Errors When Reporting Taxes

Five Errors When Reporting Taxes

The Internal Revenue Service (IRS) and its agents are not known for their soft and compassionate side. Most people view the IRS as the agency you don’t mess around with and for good reason. The IRS is part of the Treasury Department and has been given legal abilities to ensure that their job of collecting […]

Earthquake Insurance

Earthquake Insurance

Many Virginians can remember where they were at 1:51 pm on August 23, 2011. That is when Virginia was rocked with its largest earthquake in a century. The epicenter was located outside of Mineral in Louisa County, but it could be felt along the east coast from Georgia to Canada.  When the shaking began, the […]

The Importance of Estate Planning

The Importance of Estate Planning

Many people believe that estate planning is only for the wealthy. A person who owns real estate, stocks, bonds or personal effects has an estate. Everyone should have a will, as it dictates how and by whom one’s final wishes are carried out when it comes to their estate. Nobody expects to die today or […]

Mortgage Interest Deduction

Mortgage Interest Deduction

The Constitution was amended in 1913 to include the sixteenth amendment, enabling Congress to levy a tax on incomes from any source. Certain tax rules were first put in place that enabled the deduction of expenses, namely interest on debt payments. Herein lies the birth of the present day mortgage interest deduction to the IRS […]

Threats of Identity Theft Through Social Networking Sites

Threats of Identity Theft Through Social Networking Sites

Social networking and media has become a part of nearly everyone’s life with sites such as Facebook.com, Twitter.com or Linkined.com.  Having an online profile allows for easy communication among friends, family and business associates.  The sites create an almost intranet feeling experience where nearly all needs of the user can be met without leaving the […]

Savings Strategies

Savings Strategies

In today’s economy, having an emergency savings account can help you sleep a little better at night knowing it provides you with a fiscal security net. Saving for emergencies doesn’t have to be difficult as there are many ways to do so without altering your lifestyle all that much.  Here are 13 simple tips to […]

A Common Money Dilemma: Payoff or Invest?

A Common Money Dilemma: Payoff or Invest?

Personal finance can be defined as all financial decisions and activities of an individual, including budgeting, insurance, savings, investing, and debt servicing among other things. It’s been said that money makes the world go round and yet personal finance is something many learn from their parents and friends, through word of mouth, or tidbits of […]

It’s Time To Put Your Fiscal House In Order

It’s Time To Put Your Fiscal House In Order

When discussing personal investments, stocks, bonds and 401(k)s come to mind. It’s true—these are definitely considered investments, but the largest investment that an American family has tends to be their home. The difference between your home’s current value and the balance of any liens against it represents your home’s equity. It is this equity that […]

How Much Debt Can You Handle?

How Much Debt Can You Handle?

In life there are times when the need arises to make a purchase even though the funds are not available. This results in the need to borrow from someone who has excess money and willing to lend it with the stipulation of interest due. The concept of debt has been documented going back four thousand […]

The Pros and Cons of Internet Banking

The Pros and Cons of Internet Banking

In the 90s during the Internet boom, it seemed like the whole world was on track to go digital and online. Americans were beginning to see the usefulness of the Internet and began to send mail, shop, and receive news and other types of media all digitally. The Internet was changing our way of life […]

When are Home Office Deductions Allowed?

When are Home Office Deductions Allowed?

 There are many Americans who work from home and the tax code allows for the deductions of some of the home office expenses.  The IRS has guidelines to determine what qualifies as a home office and the type and extent of expenses that can be deducted.  The IRS has recognized that many tax filers are […]