According to www.dictionary.com, want is defined as “to feel a need or desire for; wish for.” Whereas, need is defined as “a requirement, necessary duty, or obligation.” I know that may seem obvious, but it is amazing how frequently people get those two things mixed up. Unfortunately, this may very well be one of the main contributing factors to the economic situation we are currently in as a country. And, trust me, I am not immune to this either. I think we have all been there.

The reason I wanted to write about this to you today is because I want to stop this cycle we are in. I want to help you put procedures in place so you can decipher a want versus a need. When times get tough, you have to cut expenses somewhere, this will help you decide where.

Look at the bills you pay monthly. Needs may be your rent or mortgage, electricity, water, sewer, garbage, gas, etc. Those are some of the pretty obvious ones. Wants may be cable, pest control, pool service, etc. Some of you may be screaming at your computer monitor right now. Yes, cable is a want… :0) You need a roof over your head, you need to stay warm in the winter and cool in the summer, you need gas in your car to get to work and pick up the kids. You do not need to have someone take care of your pool, go to one of the local pool supply stores and get a kit to do it yourself. You do not need cable, I know this may be hard, but with cable bills going through the roof, it is a choice you may have to make. You do not need pest control, you can go to your local hardware store to get the stuff you need to do it yourself. Just make sure to follow the directions exactly and take the appropriate precautions with handling the chemicals.

Sometimes your brain might try to fool you into thinking something is a need instead of a want. Don’t let it do that to you. Take 24 hours to think something over, write out the pro’s and con’s to the purchase, call a friend to discuss and see what they say. All of these things put space between you and the item. Quite frequently you will find you don’t “need” it as much as you originally thought you would. Try it and see!

I know that may seem like a silly question, however, I remember a time when I was living like a robot. I would get up every morning, take my shower, drive to work, work all day, drive home, blah, blah, blah. Not so coincidentally, I would also get the Sunday night dreads at that time. Do you know what those are? You know, when Sunday evening rolls around you get that awful feeling in the pit of your stomach. You almost cannot bear the thought of working another week where you are at.

I am here to tell you that is no way to live! Ask yourself these questions: Is it really worth

• The money?
• The health benefits?
• The retirement?
• Your health?
• Your relationships?
• Your family?

So many people go through life living like a robot because they hate what they are doing. They stay there because of:

• The economy.
• I can’t get a better job.
• Better the devil you know, than the devil you don’t.
• The pay is good.
• The benefits are good.
• We just can’t afford a change right now.

But let me ask you this: Is this really how you want to live your life? Is it really worth sacrificing your happiness for money?

Maybe you need to make some modifications to your life. Think about sitting down with your spouse and seeing what changes can be made so you can be happy again. If you are unhappy, it affects more than just you. Who knows, maybe you can make a couple of adjustments to the budget and you can find a new line of work where you may make less money, but you will be happy. It is more important to be happy and conscious in your life, than to have a bunch of money and toys. This may be a harder choice, but if it makes you happy, isn’t it all worth it?

Remember, it is not always about the money! Your happiness is priceless…

Marcia Brixey is putting on a conference in Sacramento, California on Saturday, September 26^th. This conference is called The Money Wi$e Women Conference – A Safe Place to Learn about Money. I went to this conference last year at Sacramento State University and it was wonderful. I highly recommend it to any women (or men) interested in gaining some financial clarity on their life. 

I am starting today with introducing you to Marcia and telling you a little bit about her story and how she got started. Marcia worked for the Social Security Administration for 20 years. She was in charge of women’s issues and had to attend many women’s conferences due to her position.  Marcia loved her job, but noticed something enormous was missing from all the conferences she attended. They never seemed to have information regarding investing, wills and estates or even how to get started. This was an enormous hole the Marcia really wanted to fill.

So, seven years ago she decided to take early retirement from the Social Security Administration and she founded Money Wise Women Education Services. Marcia is not just about educating women, she is all about empowering women and helping them to start taking those steps. Marcia is also the author of “The Money Therapist: A Woman’s Guide to Creating A Healthy Financial Life”.

Over the next couple of weeks I will be sharing some wonderful advice Marcia shared with me during my interview with her. Again, I highly recommend her conference, so if you are interested, click on the link above and you will be taken to her web site for more information.

I have heard that if you want to be rich, you have to be committed to it unreservedly.  Okay, I guess I get it.  I think everyone wants to be rich, right?  It is probably the level of commitment that separates the rich from…well, everyone else.  I have spent the last several years trying so hard to get to that place.  I have told myself I am committed…yada, yada, yada.  Yet, I keep feeling like the harder I try, the further away I get from “it”.  What was I doing wrong? 

That is why these last couple of weeks has been such an experience for me.  I think I finally get it!!  Yes, I want to be rich, who doesn’t?  But it is not about that.  I was committing myself to the wrong thing if I wanted to be rich.  It is not about the money.  Okay, the money is an enormous bonus.  But, I need to make a priority list when it comes to commitment.  If I want to be rich in the truest sense of the word, I need this to be my priority list:

1. Me! – I need to be number one.  As a mother of three young boys, this is very difficult to admit.  Moms understand we tend to put everyone else in front of us.  Then, if there is anything left over, we might use it on ourselves.  Admit it…more than likely we will find someone else to use it on though. 
2. My husband – Over 10 years ago I swore before God and all of my family and friends that I would love this man in good times and bad, for richer or poorer, etc.  Here I am several years later, not taking care of myself or him.  He always seemed to be second to last on my list (I was last if you were wondering).  God bless him, he still loves me and takes care of me as if I am the only person in his world.  I now need to return the favor.
3. My boys – I have to admit, they might have moved down a couple of notches.  But, before you throw me under the bus, follow me.  I have always put them above me or my husband.  But, then there was not much of either of us to give to them.  Now, if my husband and I are taking care of ourselves first, there will be so much more to give to them.  So, they really do win!
4. My extended family & friends – Without them, I don’t know where I would be today.  I have family and friends that have supported me and loved me throughout my whole life.  I also have friends that don’t have as many years under their belt, but they have sure made up for it in lifting me as they climb the mountain with me.  To all of my girlfriends out there…you know who you are!
5. My clients – I have to admit, I have some of the best clients in the world.  Many of them have come to me knowing the enormous commitment I have for my family.  They understand why my office hours are what they are and they support it.  They don’t mind getting a call the morning of their appointment to reschedule because I have a sick child.  They understand the value I bring to every hour of mine they pay for. 

I am sure there is more I am missing, but you get the point.  I am so thankful for all that I have and all those people in my life.  From this day forth, I promise I am committed to you in the order noted above.  With that said, I am now the richest woman in the world.

Are you thankful for what you have right now?  You may automatically say yes and not think twice about it.  I always feel I am thankful for all the wonderful things I have in my life.  However, I have also caught myself longing for more.  Wanting the bigger house, the nicer car, clothes that are a little more chic or even for the kids to get just a little older so we can…

I know you are probably saying to yourself I am thankful for what I have, but then you find yourself doing the same thing.  Stop for a minute and think about what you are thankful for right now.  Is it:

• The fact you were able to pay all your bills and not take any money out of the savings account or put anything on the credit card this month?
• Your car started this morning and got you where you needed to be on time?
• Your little one said their first word?
• Your spouse kissed you goodbye before they left for the day?
• You have a job?
• The fact you are an entrepreneur for one more day?

I am not telling you to stop thinking big.  I feel you should absolutely “think big”.  However, be thankful for what you currently have.  Someday you will have all the finer things in life if you put your mind to it, but don’t lose yourself in it.

I went to the eWomenNetwork International Conference and Business Expo this last weekend.  While I was inspired by all the wonderful speakers and brilliant women I was surrounded by, I also found myself overwhelmed with the thought of what I needed to accomplish.  This is when I had my “aha” moment and realized if I slowed down and was thankful for what I have right now, everything else will magically start to fall into place.

Do you ever find summer rolls around and your cash is gone?  Whether you have children or not, you will find that summer is just more expensive…period.  From little things like gasoline going up to bigger things like wanting to take a family vacation or the cost of putting your children in summer camp, it just costs more. 

Tip number three in my series is to: 

Establish a Separate Savings Account for Your Summer  – Rather than trying to scrounge up the money at the last minute, go to your bank and create a savings account just for your summer season.  You can earmark this money for anything summer related.  With online banking now, you can even change the name of the account to “Summer Savings”.  This will take some of the heat off you when many of your expenses have increased.  Take a percentage of your income every pay period and put it into that account.  You have to be consistent about it though.  If you establish the account and don’t put anything in there, it really isn’t going to do you any good, is it?  It doesn’t have to break the bank, start with just 1% of your take home pay.  You will be amazed at how your money grows throughout the year.

 Little steps like this can make an enormous difference and it is really not that hard to do.  Just think of all you will be able to do during the summer knowing you have it covered.

Yesterday I told you to take a vacation in order to survive the summer financially.  Hopefully you have discussed this with your family and have made the decision to go…somewhere.  Trust me I understand money can be a concern, so, today I have decided to give you some advice on how to go on vacation with a budget in place.

The first and most important thing you need to do is take a good look at your finances.  See where you can plug some holes to make it happen.  Once you do that, put a budget in place.  Recently my husband and I gave ourselves a $1,000 budget to go to San Diego for the weekend.  We are going this weekend for our 10^th wedding anniversary.  I will share with you later how it all goes. 

Here are some tips on how to get great travel deals.

Research Your Vacation Options – If money is a concern to begin with, I don’t want you to stress yourself out more with an expensive vacation.  Here you have a couple of options.  If you are a do-it-yourself kind of person, the internet is your best friend.  Surf the web to find the best deals around.  Depending on the economy, you will want to book your vacation way in advance, or the night before you leave.  With the economy in the state it is now, I have heard of a few people booking flights to Europe a few days before and getting screaming deals.  A friend of mine booked a weekend in San Francisco the day they left and were shocked at the enormous discount they were able to get because they were booking it on the spur of the moment. 

If you are more like me, you get a little overwhelmed researching all that information.  I am a big fan of travel agents.  If you find a good travel agent, you can call them with some ideas of where you want to go, when, for how long and give them your budget and you are set!  The best part is this service does not cost you a penny.  Travel agents do this for a living, so, they know the best places for the best prices.  It really is a win, win for everyone.

Have you ever noticed that things seem to cost more during the summer?  Not only that, but there are a lot more expenses.  Between extra daycare costs, summer camp, sports and vacations, you probably feel financially spent! 

Over the next couple of weeks I am going to outline ten steps to financial summer survival.  Today is step one:

Take a Vacation – I know that seems counterintuitive, because that takes money, right?  I am aware of the fact that it takes money.  However, I am one of the worst culprits when it comes to not taking a vacation.  I can always come up with some excuse as to why we cannot, usually related to the family budget.  See if you think my logic makes sense, if you take a vacation, you will be refreshed and relaxed…ready to take on the world when you come back.  You will be less likely to get sick or burned out.  So, now you are ready to conquer the universe.  With all that extra energy, you will perform better at work, impress your boss, maybe you will end up getting a promotion, which all leads to more money in the future.  I don’t know about you, but I like that way of thinking.  It is worth spending some money now to rejuvenate…it will pay for itself in the future.

So, take my advice and go on vacation, even if it is a little one.  Something is better than nothing.  Get creative; you don’t have to go to Hawaii to get away.  Check out hidden treasures in your own back yard.  Living in the Sacramento Valley, I have Lake Tahoe or San Francisco within two hours either way.  Not to mention the Napa Valley or any of the other beautiful vacation spots.  Check out your neck of the woods and see what you can find. 

The most important thing is that you relax.  Go!  Have some fun…

This week I wanted to share some summertime tax tips from www.irs.gov with you.

Many taxpayers spend time during the summer months polishing their resumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on your tax return.

Here are the top six things the IRS wants you to know about deducting costs related to your job search.

1. In order to deduct job search costs, the expenses must be spent on a job search in your current occupation. You may not deduct expenses incurred while looking for a job in a new occupation.
2. You can deduct employment and outplacement agency fees you pay while looking for a job in your present occupation. If your employer pays you back in a later year for employment agency fees, you must include the amount you receive in your gross income up to the amount of your tax benefit in the earlier year.
3. You can deduct amounts you spend for preparing and mailing copies of a résumé to prospective employers as long as you are looking for a new job in your present occupation.
4. If you travel to an area to look for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. You can only deduct the travel expenses if the trip is primarily to look for a new job. The amount of time you spend on personal activity compared to the amount of time you spend looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job.
5. You cannot deduct job search expenses if there was a substantial break between the end of your last job and the time you begin looking for a new one.
6. You cannot deduct job search expenses if you are looking for a job for the first time.

For more information about job search expenses, see IRS Publication 529, Miscellaneous Deductions. This publication is available on the IRS Web site, IRS.gov or by calling 800-TAX-FORM (800-829-3676).

From time to time, I receive calls or e-mails from clients asking me if they should respond to a suspicious e-mail from a credit card company, bank or the IRS.  It is extremely rare that any of them would correspond with you via e-mail.  So, if you receive a suspicious e-mail, please do not respond and contact your bank or credit card company via the phone numbers on the back of your cards or your statements.  If it is supposedly from the IRS, contact your tax professional immediately and get direction from them on how to proceed.

From www.irs.gov, here are the top ten things the IRS wants you to know about identity theft.

1. If you receive a letter or notice from the IRS which leads you to believe someone may have fraudulently used your Social Security Number, respond immediately to the name and address or phone number printed on the IRS notice.

2. If you receive a letter from the IRS that indicates more than one tax return was filed for you, this may be a sign that your SSN was used fraudulently.

3. Another sign that you may be the target of identity theft is an IRS letter indicating you received wages from an employer unknown to you.

4. The IRS has a department which deals specifically with identity theft issues. The IRS Identity Protection Specialized Unit is available if you have been in contact with the IRS about an identity theft issue and have not achieved a resolution.

5. You can contact the IRS Identity Protection Specialized Unit by calling the Identity Theft Hotline at 800-908-4490 Monday through Friday from 8:00 am to 8:00 pm local time (Alaska and Hawaii follow Pacific Standard Time).

6. The IRS Identity Protection Specialized Unit is also available if you believe your identity may be at risk of being stolen due to a lost or stolen purse or wallet or due to questionable activity on your credit card or your credit report.

7. The IRS never initiates communication with taxpayers about their tax account through emails. If you receive an e-mail or find a Web site you think is pretending to be the IRS, forward the e-mail or Web site URL to the IRS at phishing@irs.gov.

8. The IRS has many more resources available to help inform taxpayers about identity theft on the IRS Web site at IRS.gov. On IRS.gov you can access information on how to report scams and bogus IRS Web sites. You can also visit the IRS Identity Theft Resource Page, which you can find by typing Identity Theft Resource Page in the search box on the IRS.gov home page.

9. The Federal Trade Commission is also available to assist taxpayers with identity theft issues. You can reach them at 877-ID-THEFT (877-438-4338).

10. Visit OnGuardOnline.gov for protection tips from the federal government and the technology industry.