Financial Fellow

Financial Insight for Young Professionals

Entries from October 2009

Take Advantage of Your Flexible Spending Account

September 30th, 2009 · 3 Comments

Written by J.P. Wicklein
     My sixteen month streak avoiding any illness has come to an end.  I was diagnosed with strep throat today.  While I was sucking on a throat lozenge I decided to write an article on healthcare flexible spending accounts. 
What is a flexible spending account?
     There are different types of flexible spending [...]

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Tags: Save Money

Your Income Taxes Are Going to Increase

September 22nd, 2009 · No Comments

Written by J.P. Wicklein

Uncle Sam is hurting for money. Currently the U.S. is facing a staggering $1.6 trillion budget deficit. Add on to that the incredibly expensive, and increasingly insolvent, Social Security and Medicare programs and the picture is even worse. To close the deficit, and continue to fund future obligations, the federal government will almost certainly raise income taxes.

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Tags: Retirement · Taxes

Penny Pinching Tip #4: Complain!

September 15th, 2009 · 1 Comment

Written by J.P. Wicklein

Complaining about a poor customer experience is an excellent way to save a few bucks. Often companies will offer you an incentive to keep you happy – whether you’re in the right or not. By complaining about a pair of bad experiences recently I received a $20 grocery store gift card and a $10 Amazon coupon code.

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Tags: Penny Pinching · Save Money

Restaurant.com Offering 90% Off

September 11th, 2009 · No Comments

Written by J.P. Wicklein
     I received an email the other day notifying me of a 90% discount Restaurant.com is offering on all their coupons.  This promotion means that you can pick up a $25 coupon to one of your favorite restaurants for only $1. 
What is Restaurant.com?
     Restaurants all over the country offer coupons for [...]

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Tags: Save Money

How to Make Your Teenager a Millionaire

September 4th, 2009 · No Comments

Written by J.P. Wicklein
          By setting up a custodial IRA for your teenager, and contributing to it regularly until they graduate college, you can make your kid a millionaire.  Here are the details:
Step 1:  Get your kid a job
     To contribute to a custodial IRA a child needs to have “earned income” – either [...]

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Tags: IRAs · Retirement

Free Bone Marrow Donor Registration

September 1st, 2009 · 3 Comments

Written by J.P. Wicklein
     This past week I signed up to be a bone marrow donor.  The process was quick, easy, and thanks to a promo code – free.  If a patient with leukemia, or other life threatening disease, requires a bone marrow transplant to live I may be called upon to donate my bone [...]

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Tags: Charity · Donating