Showing posts from January, 2013

The Affordable Care Act- Boom for Entrepreneurs!

The Obama administration's Affordable Care Act will for the first time make affordable healthcare available to everyone. For Frugal Prosumers as well as most people in America, the expense of healthcare is a big issue. The Affordable Care Act will affect most Americans in some way or other. There is a lot of hype about it and there are both good and bad aspects to it. The Frugal Prosumers goal is to find the good parts and use them to reduce their expenses. Owning ones own business is a very important tool to The Frugal Prosumer. One of the biggest things that has kept individuals from going into business themselves is not being able to afford healthcare. This is going to be a big game changer for entrepreneurs as everyone can now have health insurance. The vast majority of small businesses employ 10 people or less. For them, Obamacare is a welcomed change because many of these owners do not have insurance. Over 80% of uninsured small business owners will qualify for

Simplified IRS Option for Claiming Home Office Deduction

IRS Announces  simplified option for claiming home office deduction starting for the 2013 tax year to be claimed on taxes filed in 2014. Frugal prosumers know that having a home business is a key to living Elegantly On Less. Here is some good news for those who have not claimed the home office deduction for their  business in the past because of how complicated it was. WASHINGTON: Jan. 15, 2013— The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed deductions for business use of a home (commonly referred to as the home office deduction). The new optional deduction, capped at $1,500 per year based on $5 a square foot for up to 300 square feet, will reduce the paperwork and recordkeeping burden on small businesses by an

BubbleWrap Inexpensive Simple way to Insulate Windows

In the past I have used pieces of pink rigid foam insulation to insulate my windows. The problem is they block out the light so I had to put them up every night and then take them down in the morning. I used magnetic strips for this. This seems a much better idea as it lets in the light even though it does "fuzz" up your view. "This is a simple technique for insulating windows with bubble wrap packing material. Bubble wrap is often used to insulate greenhouse windows in the winter, but it also seems to work fine for windows in the house. You can use it with or without regular or insulating window shades. It also works for windows of irregular shape, which can be difficult to find insulating shades for." Read the instructions here.  BubbleWrap

Riding the Waves of Change

As many of us look around and observe, we can’t help but notice big waves of change in the economy and technology. And there are more than a few that cause us concern! Change is not new! It will always happen! The important thing is being aware of these changes and how one can turn them into opportunities instead of being a springboard for fear. Once we recognize the facts and stop listening to the hype, we can be like the surfer who looks forward to the news that a big storm, with big waves, is coming. With the freezing waves crashing in a death-defying environment, with chaos all around, the surfer enjoys the exhilarating ride of a lifetime while the unprepared perish or get beat up.  The surfer has learned that with the right preparation and tools, one can have the time of their life and succeed by: Intensely studying the wind, waves, currents, and weather to know what and when something is going to happen. Learning what makes the conditions in the chaos just right to tak

How to cut your living expenses in half

Recently I have had conversations with a number of different single people. Their job situation like many wasn't optimal. They were wondering what they could do to reduce expenses. Their disadvantage is that they are such good Frugal Prosumers that even if they cut expenses it wouldn't make much difference as their spending is so minimal anyway. Now it isn't very popular and is not normal like it use to be. But I said they could cut their living expenses in half immediately if they took on a room mate. Now room mates can be a lot of stress and it is a learned skill that many in this day and age of affluence have not had to learn. The reason Mary and I are as well off as we are with a very low dollar income, is because we have lived cooperatively with others most of our lives. No it hasn't always been easy and at time down right stressful but at other times the  relationships have brought us  great joy and reduced financial stress. Mortgage could be cut in h