Finally, it’s kind of ironic that this occurs during Financial Literacy Month, but just in case you missed it, April 9th — the 99th day of the year was Tax Freedom Day. The significance of Tax Freedom Day is that this it is the day that you officially stop working just to pay Uncle Sam and you can now start working for yourself (yeah!) so all of the money you earn going forward will be yours (and your creditors, of course) to spend as you please so make the most of it. Be sure to pay yourself first and invest for your future because remember this cycle starts all over again January 1, 2011.
P.S. — Minding Your Money will be hosting a free webinar in May. The goal of this webinar is to get the 2nd half of 2010 in focus and on track. I don’t know about you, but the first half of 2010 went by so fast, I missed some of my goals and I’m in need of a serious revamp. We’ll be talking about everything from debt to investing to taxes as well as answering some of your burning questions. Check back the first week in May for exact dates and times or send me an email with the words “May webinar†in the subject line and I will send you an email with the details.
Patricia Stallworth, CFP® and CDFA, is the president of PS Worth, a financial education company, the author of Minding Your Money, and the host of the Minding Your Money Minute™. Learn more by visiting MindingYourMoney.net.