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Volume 4 Issue 2February 2014

What To Expect At The Closing Table
    

The home inspections are complete. You have your homeowners insurance. The day you've been waiting for has arrived -- closing day. If everything is in order, a closing process can run smoothly and ownership of the property will be transferred to you with no hitches.

Before the congratulations are given and house keys handed over, you, the homebuyer, are expected to come to the closing table actively engaged and prepared to seal the deal.

 

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 CAB Client Spotlight 

     Jake Butler

Jake and Jordan Butler 

Jake Butler recently used his CAB funds to purchase his family's first home. "Purchasing a home is something our family has looked forward to for a long time.  Owning a home establishes this family and insures stability.  This program has provided us with the initial step to securing a successful financial future for my family and I," says Jake.

 

 

  
 
 

Tax Prep 2013  

  

For a location near you visit: 

 http://irs.treasury.gov/freetaxprep

 

Items you need to bring
To have your tax return(s) prepared at a VITA or TCE site you need to bring the following information with you:

  • Proof of identification - Picture ID
  • Social Security Cards for you, your spouse and dependents or a Social Security Number verification letter issued by the Social Security Administration or
  • Individual Taxpayer Identification Number (ITIN) assignment letter for you, your spouse and dependents
  • Proof of foreign status, if applying for an ITIN
  • Birth dates for you, your spouse and dependents on the tax return
  • Wage and earning statement(s) Form W-2, W-2G, 1099-R, 1099-Misc from all employers
  • Interest and dividend statements from banks (Forms 1099)
  • A copy of last year's federal and state returns if available
  • Proof of bank account routing numbers and account numbers for Direct Deposit, such as a blank check
  • Total paid for daycare provider and the daycare provider's tax identifying number (the provider's Social Security Number or the provider's business Employer Identification Number) if appropriate
  • To file taxes electronically on a married-filing-joint tax return, both spouses must be present to sign the required forms.

It is extremely important that each person use the correct Social Security Number. The most accurate information is usually located on your original Social Security card. If you do not have an SSN for you or a dependent, you should complete Form SS-5, Social Security Number Application. This form should be submitted to the nearest Social Security Administration Office.

 

 

 

 

 

 

 

 

 

 

 

 
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In This Issue
What To Expect At The Closing Table
CAB Client Spotlight
5 Money Sins To Kick For 40 Days
The Secret To Saving Money

Quick Links 

 

College Savings Calculator

 

Student Loan Calculator

 

FinAid.org

  

 

 

 

Little Dixie CCA Homebuyers Education Workshop

 

CAB FINANCIAL EDUCATION WORKSHOPS

 

 

5 Money Sins To Kick For 40 Days

 

 

New Year's Day has come and gone, and so have some of our resolutions. But if a change was important to you a month ago, it probably still is now. If you want to kick a bad habit or develop a new, better one, try to stick with it for 40 days to see a real change.

This year, consider

 putting a financial spin on your resolution to kick a bad money habit.

 

Vowing to stop ignoring your 401k, giving up your monthly budget for wine or staunchly refusing to put unnecessary items on your credit card could all be worthy money goals.

But before you pick your project, consider turning your short-term goal into a long-term, healthy habit.

"If you can do something for 40 days, you can most likely keep it ongoing," says Lora Sasiela, financial therapist and owner of the Financially Smitten blog.  

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The Secret To Saving Money

 

Would you be interested if I told you there's a secret to saving money? Well, it's true. There are a few secrets that can be used to save money, even if it doesn't feel like you have any money to save. The bad news is that these secrets have been made public for decades and it's simply up to you to decide whether or not to use them.

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