Monday, December 7, 2009

Money Monday: The Best Personal Finance Stories from the Weekend

Posted by Ka Lee Angel Lee

Some of the best personal finance stories you might have missed this weekend:

In Forbes, we identified eight last-minute ways to cut your 2009 taxes, how self-employed workers can boost their retirement savings if they act before December 31st, and how to be a tax-smart charitable giver.

The Seattle Times wrote about a single mom with two children who was audited because the IRS didn’t think she could live on $10 an hour in Seattle, an expensive city that's home to corporations like Amazon, Starbucks and Nordstrom.

The New York Times, meanwhile, puzzled over why those who make financial resolutions have such a hard time following through with them, noticed that companies with high-quality balance sheets like Wal-Mart and Apple have not risen as much in the stock rally as those laden with debt, and showed that buying a foreclosed home can help you find a bargain but can come with risks. For more on buying your first home, check out this package from Forbes.

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