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Productivity Apps Don’t Make You Productive

By Frugaling 4 Comments

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I need context when I'm writing, this productivity app scares me.
I need context when I’m writing. This productivity app scares me.

“There’s an app for that.”

Apple trademarked this phrase about the diversity of applications available for iPhones. They might be right. Limitless button pressing is at my fingertips.

Wade through the fart and fake aging apps, and you’ll find a palatial collection of productivity applications (Android users: this goes for you, too). They get their own section of the App Store.

  • Do you run a business that needs a productivity boost?
  • Are you a frequent shopper of the household?
  • Have you thought about writing your first novel?

Yes, there are apps for every niche. Browse through the many apps present, and you might begin salivating over the productivity porn. Look at all of the opportunities to save time, money, and life — how enchanting!

Download a productivity app and you’ll travel into a rabbit hole. Hours may go by without any work. Every productivity tool has a learning curve. It takes time to learn skills and make them habitual. Trying something new is rarely, if ever, seamless. Apps are fun to manipulate and play around with — the interaction feels natural and it is.

Maybe you switch to another app — there’s another, better feature. Maybe the app you originally downloaded gets an update. Maybe you decide to downgrade back to another productivity system. Maybe you are struggling with syncing issues — the productivity app information is no longer across devices. There are a lot of maybes — I know — but something is inevitable. The learning curve never stops — you’re never freebasing productivity.

It’s easy to imagine productivity apps as a superhero’s cape. Put this on, and you’ll instantly be able to fight your assignments, organize your life, and win at work. The reality is that capes bog you down, aren’t aerodynamic, and take more time to put on. You’re busy fixing app changes, looking for the latest options, and browsing for new methods of saving time, as you pour it down the drain.

Time is limited. It motivates us to become more efficient. We’re desperate for more down time. I struggle to start difficult projects, but finding, downloading, learning, syncing, and beginning to use a new app is an illusion of productivity. It feels purposeful, but isn’t.

Wake from the productivity dream. You’re the only tool needed to complete your projects. That’s because productivity rarely comes from addition — only subtraction. Every computer contains all the productivity programs necessary: a word processor, calendar, and calculator. 99% of my tasks can be completed within these programs. When I’m desperate for a productivity app, it must be something that doesn’t require any interaction (i.e., IFTTT). When you add more to this system, you are significantly risking your total time.

I’m a writer. There are limitless productivity apps for my kind. But simplification and frugality don’t come from a $20 writing app for iPhone. Nothing more than a basic word processor is needed. I simply need to start typing.

Filed Under: Save Money Tagged With: Android, applications, apps, ifttt, iPhone, Productivity, Programs, smartphone, time

Prepare For Your Biggest Tax Deduction

By Frugaling 1 Comment

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2014 Tax deductions preparation
My chicken scratch as I calculate and prepare my taxes for 2014

I owe how much?!

I used to love filing taxes. There was a generous reward and refund each year. As my income sources changed, so did the tax benefits. Nowadays, with the “business” of Frugaling and various self-employment taxes that result, the tax refunds have ended.

Last year’s tax filing led to a nearly $1,000 payment to federal government. That was the first time I ever owed money. I was a significant budgetary hit.

This year is shaping up to be another rough payment. I believe our tax system is flawed, but I want to do my part — my fair share. But there are various ways to ease that burden. I’m already beginning to prepare and save.

Accounting for 2014 taxation

Self-employment taxes

Based on everything from 2013’s taxes, there will be a steep tax for my business income. My business income — from Frugaling.org — is considered self-employment, and is taxed as such. Essentially, it is paid tax free (medicare, medicaid, and social security taxes are not withheld initially) by companies and then I must report the income to the federal government. This year, I’ve estimated my total earnings to better save for the payment.

Tax deductions and credits

Along with business income preparation, I’m looking at current education expenses with a critical eye. Despite being a graduate student with an assistantship (aka, “job”), there are various student fees that aren’t covered.

With tuition and fee inflation/increases, this total will soon reach nearly $5,000 per year for my doctoral education. Thankfully, the federal government subtracts this value from my income — considered a tax deduction for the adjusted gross income (AGI).

Investment contributions

The last piece is where I’m spending increasing time: retirement accounts. I’ll be able to significantly reduce my tax burden this way.

Before this year, I had a near-dormant IRA that was underfunded forever. Unfortunately, I didn’t understand the traditional IRA contribution benefits. I deposited $1,000 into a Roth IRA, which doesn’t benefit from the contribution.

The best thing I could’ve done would be to open a traditional IRA — seek a contribution deduction and retirement savings contributions credit. Now I know! Since then, I’ve deposited about $1,000 into a traditional IRA, which will will net me $1,000 in deductions to income, and an estimated $100 in contribution credits. That will seriously reduce my tax burden and get me saving faster.

Preparation pays off in the end

I spent the last 6 hours calculating how to reduce my tax liability (legally — come on people!). Based on my initial calculations, I’ll save about $2,000 on my final tax payment by contributing more to my traditional IRA, realizing all business deductions and expenses, and saving everything I can. That’s about $333 of savings per hour! Not too shabby.

It’s difficult to save money from the tax man. Preparation and prevention doesn’t necessarily feel as important as making more money, but without taking serious action, you won’t be saving much. There’s no sense working like a dog and not being able to take advantage of the tax code.

Filed Under: Save Money Tagged With: Credits, Deductions, Education Credits, federal, Income, Investments, Self-Employment, Stock Market, tax, taxes

Take Action To Reduce Climate Change And Lower Monthly Bills

By Frugaling 5 Comments

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The crisis of climate change

The climate is completely off-kilter. As humans, we’ve contributed to an atmospheric rise in climate change since the industrial revolution. It all traces back to our abundant consumption and fossil fuel use. In case there are skeptics in my audience, the evidence is clear that humans impacted climate change dramatically.

A couple months ago, the New York Times reported that,

A large section of the mighty West Antarctica ice sheet has begun falling apart and its continued melting now appears to be unstoppable, two groups of scientists reported on Monday.

Something snapped inside me, and I felt deep pain. How could we have done this to ourselves and the planet? I actually teared up, thinking about how we treat each other and this planet. It really hurt.

Shortly after that article, another was published that warned, the “Worst is yet to come.” Research found that record heat and floods were largely due to climate change:

The American scientists said the rise could be anywhere from one to four feet, and added that six feet could not be ruled out. Along much of the East Coast, the situation will be worse than the global average because the land there is sinking…

There goes New York City, Boston, parts of D.C., Miami, and more. We don’t have a contingency plan for all these people. The devastation would affect tens of millions of people. Individuals would flock to the west for shelter and a new start; at least, those who could afford it. I hesitate to think about those who might not have the economic freedom to up and leave low altitude areas.

Our consumer, consumption culture

This unpleasant, scary picture for the planet’s future is contrasted by a strong consumer culture that values growth, dominance, bulk, and abundance. When gross domestic product (GDP) estimates tumble on the national scale, economists, politicians, and Wall Street scream bloody murder. But when the temperatures are rising globally, and sea level rise is threatening entire countries, there’s silence.

We are an economy that’s feasting off of short-term gains, prolonged ignorance, and immediate gratification. Climate change skeptics are a dime-a-dozen and they’re propagating messages that are scientifically unproven, untrue, and dangerous. It’s all motivated by moneyed interests, and they’re looking for a way to keep the consumption going.

DJIA Stock Market Growth
30 stocks make up the Dow Jones Industrial Average (DJIA)

Our entire economic system is predicated on continued growth, but it will slow. Whether because of declining population growth rates, economic instability, or climate change, the economy will need a correction. It’s hard to fathom the willful, blissful ignorance of the markets, but the economy has not yet accounted for the pains of climate change. Just look at the most recent national weather tragedy, Hurricane Sandy:

An estimated 1.8 million structures and homes were destroyed or damaged, with economic losses exceeding $65 billion.

Unfortunately, the storms, floods, and wacky weather are only expected to increase. The economic consequences will be devastating for this country. Something’s gotta give.

Make an individual correction, save big

Frugality, simple living, thriftiness — whatever you want to call it — goes hand in hand with reducing carbon dioxide emissions into the atmosphere (CO2). By consuming less and saving more, your actions can greatly help the environment.

Climate change is simple science. The more CO2 in the atmosphere, the more the earth’s temperatures will rise. The sun’s rays/heat will be trapped in our atmosphere, and keep us warmer. We needed some CO2, but now we have too much.

Congress and the greater world seem doomed to delay powerful action to reduce the effect of carbon emissions. While moneyed interests, lobbying groups, and industry experts delay necessary change, you needn’t stand still. There’s still time to take action.

Here are 7 ways you can make an individual impact on climate change and save big:

  1. Walk, bike, or bus to school/work instead of driving
  2. Bring your own bags or reuse them at the grocery store
  3. Shut off water when you’re not actively using it
  4. Turn off your lights when you leave home
  5. Try to buy local foods and products when you can afford them
  6. Turn off or get rid of your air conditioner
  7. Encourage friends, family, and your own politicians to care for this issue, too

Filed Under: Save Money Tagged With: carbon, Climate, climate change, CO2, Congress, Consumption, Culture, Hurricane Sandy, refugees, shelter, tax

Everything Must Go

By Frugaling 16 Comments

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Minimalism Horizon Save Money

Over the last two weeks, I’ve sold much of what filled my house. I’m past the point of being frugal, and well into the world of minimalism and austerity. I mean, it’s empty in here, readers.

All of my physical books are for sale. I have a TV stand, but I sold my TV and Apple device. It’s the beginning of summer, but I already sold my air conditioner. Oh, I just sold my car, too.

With each sale, I feel this push and pull inside me; the wonderful feeling of letting go, which brings both loss and freedom. I’m free to spend the money inappropriately, but I won’t. I’m free to buy more stuff before I move, but I won’t. I’m free to feel loss, and I might.

Like a reflection of the bare rooms in my apartment, emptiness might affect me. It feels… lonely to be bare — like what I own hugs and tucks me in at night (I wish!). Everyone from my parents to random visitors have remarked at the empty nature of my home in the past. I’m curious what they’d think now.

Part of me wonders why I crave to fill every nook and cranny with goods. Why is it more natural for me to fill a house than empty it? Why do I feel embarrassed to welcome people into my home without stuff occupying the space?

I’m living with an everything-must-go mentality right now. A fire sale of sorts. And every purchase that goes against my new, frugal self seems to be in violation of my debt reduction plan. I don’t want that to happen.

I can’t predict how I’ll feel over the coming months; for now, I’m taking action to change my life. All that remains is me — that’s the one consistency. What fills my room is me — for better and for worse.

Filed Under: Minimalism Tagged With: Frugal, letting go, minimal, Minimalism, self, selling

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