Money Monday Poll: What Were Your Tax Results??
April 19th, 2010
The tax deadline has come and gone, and now we can all take a deep breath and relax… or can we?? Let us know how this tax season went for you and see how you weigh in with everyone else!
Dry Cleaners are making a fortune!! Save Your Money!
April 15th, 2010
- Dry Cleaning (Google Images)
Hey there all you people who are looking for ways to save money or reduce your expenses, you have to consider this…
Have you ever wondered if you were spending way too much at the dry Cleaners? Well, these companies are really making a fortune with your laundry because you have to keep going back….UGHHH!
I share this story with all my dear friends. One day I was packing up all of my clothes getting ready to move to a new house and I thought it would be a good time to send all my dry clean clothes to the cleaners so that everything would be fresh in my new closet. So I went all out and dropped off 2 bags worth of items to be cleaned. That bag was full of; suits, slacks, skirts, cotton shirts – you name it! If it said “dry clean only” it went in the bag.
The next week I got all settled into my new house so went to get my things from the cleaners. However I was devastated when the guy handed me the receipt and said, “that will be $538.00″. I couldn’t believe it; […]
Rags to Riches Celebs with One Thing in Common
April 8th, 2010
- Oprah from Rags to Riches
An interesting article I just read talked about some of the most famous rags-to-riches stories the world has ever seen. Many of the examples in this articles document the likes of Oprah Winfrey, Jay-Z, Celine Dion, and J.K. Rowling. And, as compelling as these stories are, and impressive I might add, this still is not the norm. I guess what we can take from this article is you can make something out of nothing in terms of your financial health. You do not have to have money to make money.
It is more important to have attributes such as commitment, consistency and control to put yourself on the road towards financial freedom. These celebs share all of these attributes combined with the mind to succeed, and some opportunities or breaks, and became successful. You can do the same.
The key is to have a system and a plan to get where you are trying to go, and motivation and coaching always helps! I seriously doubt any of the people in this article saw themselves as who they are today; however, I can assume with great confidence they saw themselves achieving success!
Read this article from Investopedia.
Obama Administration Announced a Plan to Reduce Mortgage Loan Balances
March 30th, 2010
Homeowners upside down on their mortgage but not behind can now get relief. The Obama administration announcing a plan that included: new FHA backed loans for upside down homeowners, incentives to lenders who reduce the principal balances for homeowners who owe more than their home is worth and incentives to lenders who reduce payments for unemployed homeowners. The incentive portion of the program alone will take about 14 billion so there will be plenty of money for everyone in need.
Homeowners will be able to get new mortgage loans that exceeding the value of their homes
FHA backed mortgage loans will be offered to homeowners who need to refinance their loans to get a lower rate and payment but are upside down. FHA will receive 14 billion dollars in incentive money. The total cost for the entire adjustments to two specific plans are very well funded with up to a $50 billion allocation of the existing $75 billion foreclosure prevention program budget /Troubled Asset Relief Program (TARP).
FHA loans offered through the program can be up to 115% of the home’s value
Essentially these loans will exceed the value of the home but reduce the interest rate and payments substantially. Tax payers need not worry to much as the complete program will be funded from the existing Federal budget along with some private sector funds according to the Making Home Affordable press release on March 26, 2010. […]
Mint.com Acquired 1.5M Users Now, Can InOutCash.com Do the Same?
March 25th, 2010
- InOutCash.com
Value-Centered Solutions Inc. recently unveiled InOutCash.com which made its official launch at the 2010 Demo Spring conference in Palm Desert CA. InOutCash.com is an online money management software with similar features to Mint.com, however what separates InoutCash.com from Mint is the distinct built-in coaching features which assist users by helping them to improve their financial health score all tied to an incentive point based system. InOutCash.com focuses on the user’s financial health by allowing them to see a dashboard of eight financial fitness measures tied to categories such as savings, credit utilization and spending.
Mint.com’s acquisition of 1.5 Million users was a definite victory as their strategic marketing efforts proved successful through their content partnerships, SEO strategy and distribution of great content via blogs and social media. Mint.com The question now is raised, with a similar strategy and impeccable execution will InoutCash.com be able to match and eventually surpass Mint.com? Decide for yourself.
Read Jason Purtori’s review of mint.com’s personal finance software viral growth.
Demo Conference Update: Photos of Michael E. Parker and InOutCash.com Team, Station 19
March 23rd, 2010
- Michael Jones, CTO of Google Earth (left) and Wesley Chan, Partner, Google Ventures (right)
We have more pictures added to the photo gallery of Michael E. Parker and the InOutCash.com team, Station 19 at the DEMO Conference 2010. Enjoy!
Share this with people who like to manage their money. See the Kodak Gallery for InOutCash.com and stay tuned for more of the highlights from this conference
In this photo (left) Michael E. Parker speaks with Michael Jones, CTO of Google Earth (left) and Wesley Chan, Partner, Google Ventures (right).
See more about the Demo Conference
InOutCash.com Featured on NetBanker, an Online Finance Tracking Website
March 23rd, 2010
InOutCash.com was featured on NetBanker, an online finance tracking website. They wrote a pretty extensive online financial software review. Here’s some of what they wrote:
- InOutCash.com on NetBanker
Two weeks ago, we wrote about the first PFM in the class of 2010, HelloWallet. Now we have the second entrant: InOutCash.com at <InOutCash.com> (press release). I had a first-hand look at the new program at the company’s booth at DEMOspring 2010 today in Palm Springs, CA. The company will make their debut tomorrow morning on the show stage (video will be released later this week).
The Yodlee-powered PFM concentrates on financial fitness with built-in coaching and a dashboard of ten financial-fitness measures, such as overall savings and credit limit utilization (see inset below).
Targeted to the younger, 18-to 35-year- old segment, the site includes social features and awards points based on taking positive financial steps and exhibiting fiscal responsibility. In the future, award points will be redeemable for various financial offers and merchandise discounts. A virtual game-like environment is also on the planning board.
The company behind the new service is Value-Centered Solutions, a 19-person San Pablo, CA-based startup launched in 2006 by founder and CEO Michael E. Parker.
The company is planning a free ad-supported option, along with a $9.95/mo ad-free premium version…Read full article on NetBanker.
InOutCash.com Featured on VentureBeat, Teaches Users to Manage Money
March 23rd, 2010
- InOutCash.com on Venture Beat
InOutCash.com was featured in this article on VentureBeat, teaching users to manage your money, read more about this article:
InOutCash.com gives members real-time scores of their financial health, plus dashboard views that provide an easily-read snapshot of their financial condition.
According to Comscore, there are 50 million online banking users. Of this market, InOutCash.com targets the 18-35 age range, focusing on those looking to learn how to manage their money better.
Michael E. Parker, CEO of Value-Centered Solutions, the company behind InOutCash.com, said in a press release, “InOutCash.com provides tailored coaching based on the user’s true financial condition,” so it’s useful to both novices and experts.
Founded in 2006, Value-Centered Solutions is based in San Pablo, California. The company has secured several hundred thousand dollars in seed funding from unnamed investors.
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