Top 10 Most Overlooked Tax Deductions Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS® Co-CEO and Founder oXYGen Financial, Inc. Request a FREE consultation: www.oxygenfinancial.net Get the most out of your Tax Return for

If you are starting a business as a freelancer, you have a choice of the legal type of business structure (entity) that you choose. There are advantages and disadvantages among becoming a Subchapter S Corporation, a C Corporation, a Limited Liability Corporation, a Sole Proprietor, or a Partnership.

1. Consider the total economic package, not just the salary. When most people look for a job, they are only thinking about what their salary going to be when they start. Is it going to be 60,000, or 80,000, or 100,000. New employees want to know how they earn bonuses or commission. What I recommend to most people is to consider the total economic package, which isn't just your salary and your bonus.

In 2008, Sallie Mae reported that 84% of all students had a credit card.   The average balance on these cards skyrocketed from $2,169 in 2004 to $3,173 in 2008 according to Sallie Mae.   With so many credit card companies parking there tables on college campuses trying to sign kids up for credit cards it caused recent legislation to be enacted in May that will change the credit card game.

Haven’t we learned anything yet? There is always a price to pay when you borrow debt.

It won’t be long before it is holiday time, and people will be looking for stocking stuffers and gifts to get for the family. One great website I found and use is called www.1saleaday.com. It is very simple as each day it only sells three items. One item is in the wireless area, one in the watch arena, and one deal of the day that is randomly selected. Recently, I purchased a Field and Stream men’s black rubber watch that typically retails for $34.99 for less than $10.

10 Ways to Save

Ideas for saving thousands in operations costs. By Blair Chancey

If you're like many 20- and early 30-somethings -- aka Generation Y -- money concerns are probably hitting you in a way they haven't before. Your paycheck, assuming you have one, probably doesn't go as far as you'd like. Even if you're in tip-top shape, health insurance can be pricey. And fewer companies offer pension plans, even as prospects for Social Security remain unclear.

There has always been an allure about joining a local country club. With how things are going in the overall economy these days, now may be the perfect opportunity to venture into that country club that you always wanted to join, but thought that you could never afford. Many of the upper-end country clubs today have either reduced or waived their overall initiation fee, which is the first hurdle for most people.

Beginning this month in August and future months going forward, the credit card accountability responsibility and disclosure act will go into effect and it phases in over roughly the next 13 months. There are many different mandates, but I wanted to share 10 with you that I thought would be of significance as you plan your personal finances.