Reasons Christmas In July Is Awesome

It’s almost time for Christmas in July. The chances are you may have seen some ads already talking about Christmas in July, and some of the sales and promotions can be pretty great. But you don’t have to put up trees and deck the halls with beautiful baubles and sparkles – unless you really want to.

Christmas in July is a little bit genius. Often between Christmas and New Year’s, that isn’t all that much to look forward to. And there are only six months to go before the holiday season really gets into full swing. So actually for people who want to make sure that they save money, and have all the gifts that they want to get well in advance. Christmas in July is actually perfect.

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Here is how you can turn Christmas in July into a debt-free holiday season.

Off-season

No one in the height of July and August in most countries is even considering putting on a sweater. They don’t want to wear thick socks, and they certainly don’t want to wear hats either. Which makes it an ideal time to buy those things. Because they will be incredibly cheap up until October, and then they will go back to the ‘normal’ price. The same way that January sells a range of summer clothing. 

But it’s not just clothes, you can get Christmas scented candles, Christmas baking trays, even decorations. Spend some time online, and you can find almost anything you need for the Christmas season.

Declutter

Almost everyone will start cleaning their homes, neatening and tidying up things as we come into spring and summer. This means it is the ideal time for you to do the same. Instead of waiting until it’s almost Christmas and having to try to make room for trees and decorations, you can start by decluttering things that you honestly don’t need in the home anymore. You can also use the money from the sales to put towards your off-season purchases.

This means for the festive season rolls around you will already be well ahead of the curve, with space and presents all ready. 

Christmas Savings

Take Christmas in July as your time to start saving. Ensure that you put a few dollars, or pounds aside every week. As well as indulging in some off-season clothing, and decluttering and selling goods that you don’t need. 

You can make the most of a savings account once December hits. For example, you can buy all of your fresh food for Christmas in one go, and you already have all of your presents under control.

And who doesn’t really enjoy a roast dinner any time of the year? You can use July as a month to have some delicious food that you would usually only have during the festive season. Make mince pies and Christmas cookies. Without you might have to wait till later in the evening to eat it if you live somewhere that's quite hot. 

Oh and remember to buy your ugly Christmas jumpers ready for December!

Some Important Points to Keep in Mind About Foreign Income and Taxes

Diversifying your income is always a good idea to combat the ups and downs of the global economy. When you have foreign income, it is essential that you understand the impacts of taxation on that income. A misstep could end up costing you a lot in the long run.

Do You Have To Pay Taxes?

The IRS reminds you that if you are a U.S. citizen, it does not matter where you live or work, you must pay U.S. income tax. There are some credits or exclusions that you may be able to get, but it is imperative that you file your taxes each year with the IRS to avoid issues.
This rule also applies to any legal resident who holds a green card. Unless you give up your status, you must pay U.S. income tax.

What Is the Foreign Tax Credit?

If you have income in a foreign country, then that country will also likely want you to pay taxes on it. The IRS recognizes the taxes you pay to other countries through the foreign tax credit, which Forbes explains is a deduction you can take on your U.S. income taxes for other taxes you pay. Do note that this credit only applies to taxes you owe. It is not a refundable credit.

What Other Rules Should I Know?

When foreign filing New York NY, you should also be aware that you need to check completely for all possible exclusions, credits, and deductions you can take. There is a range of options, but it is easy to overlook them. Make sure that you carefully review all IRS publications for foreign income to get the maximum benefits.

Don't Get In Trouble With the IRS

Finding yourself in a sticky situation with your taxes is never a good thing. So, make sure that you understand your obligations when it comes to foreign income before tax time. Protecting yourself in this situation is about how much you know.

3 Tips For Giving The Perfect Gift In Quarantine

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The thing about quarantine is that it’s happened to everyone. No matter who you are, where you’re from or your standing in society, you will have been affected by the COVID-19 pandemic which has swept our world. We have all felt isolated, confused and frustrated - and in many places, quarantine is continuing long after we’ve become bored of it.

One thing that hasn’t changed, though, is our celebrations. Despite what’s going on in the world, we are still having birthdays, anniversaries, and exciting news which warrants gift giving! It seems impossible, though, to think of anything to buy for your friends and family, who have all undergone a stressful period. You want your gift to mean something, but are worried it won’t come off quite right. Never fear! Here are three key tips for gift giving in quarantine.

1. Keeping It Personal

Everybody is feeling extra-fragile at this time. Especially for those who are living alone, a lack of social interaction is very detrimental to a person’s mental health. If you know someone celebrating a birthday or other special occasion who has felt low during this quarantine, make sure your gift is personal. Instead of a generic buy, think of things that are specific to that person, their tastes and their sense of comfort, such as a personalized name necklace. 

For example, someone who enjoys personalized messages might enjoy receiving some jewelry with handwriting from you. This is an intimate touch to a generic gift - and something they can keep for life. 

2. Don’t Be Afraid To Ask

Many people shy away from asking a person outright what kind of gift they want. It seems like a cop-out, a last resort, because you couldn’t think of anything! However, during quarantine, many people have struggled not just mentally but financially. This might mean that someone you’re shopping for may be behind on buying new things for their home, or in need of new clothes. Even something practical for their home might be what their heart desires most!

In these circumstances, reaching out is so important. Asking someone, ‘What do you need?’ is an act of love - even if you feel a little hesitant to do that. The person receiving your gift will be appreciative of the fact that you have reached out personally to them and asked them directly how they are doing, and how you can help.

3. Something To Look Forward To

Just because your friend is celebrating in quarantine, it doesn’t mean you have to give them a quarantine-related gift! Quite the opposite. Being savvy enough to realize that this person is probably living for the moment their life can resume, makes you an awesome friend. Gifting them something they can use at that time is a great idea. Perhaps vouchers for their favorite restaurant which might currently be closed, or booking a spa day to celebrate re-openings. This will give this person something to hold onto while they endure more weeks of solitude. Plus, it’s something you can enjoy together, celebrating their occasion long after quarantine is over!

Train Your Brain to Break Habits and Boost Productivity

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We all have habits, routines, and patterns that don’t work in our best interests: it could be smoking, over-eating, procrastinating, or snacking. On the reverse side, there might be things we’d like to get into more, like healthy eating, exercise, or being more productive, but we never seem to get around to it. 

If this sounds like you, you're not alone! According to New York Times business writer Charles Duhigg, whose book The Power Of Habit explores the science behind habit-forming - our brains are hard-wired to fall into patterns. There is the habit-loop, he says, which is a three part process. First, there is a trigger that tells your brain to go into automatic mode. Next, there’s the routine, the unfolding of the automatic behaviour; then there’s the reward - that little hit your brain gets that reinforces the loop. 

According to neuroscience habit patterns are located in an area of the brain called the Basal Ganglia. This part of the brain is responsible for emotions, memory, and pattern recognition. Meanwhile, decisions are made in the prefrontal cortex, which effectively goes to sleep during part two of the habit-loop - following the trigger. 

This is one reason a change to our environment can help us change our habits. When we go on holiday, for instance, none of the usual triggers is there, so we find ourselves craving things less, feeling different, and making new promises to ourselves.  

The good news is we don’t have to go on holiday to break the cycle of bad habits or get into productive patterns. We can train our brains to pull in the direction we want them to. 

Brain re-training 

The body learns as well as the brain. Actually, it’s an intelligent machine with signals and feedback loops communicating regularly with our brains, and therefore us.

What we put into our body has an effect on how we feel and what we crave. If we eat a lot of salty-sweet food, our bodies quickly learn that this is what to expect. It distributes the energy and nutrients it has available as best it can. In the case of ice-cream and popcorn, much of it is stored as fat. 

Since the reward centre of our brain is triggered by those foods we crave them all the more and it becomes a self-perpetuating cycle. Luckily our bodies learn quickly, and if we swap ice-cream and popcorn for smoothies and healthy snacks, we will soon notice the benefits of healthy juices.

Wake-up your muscle memory

Exercise works in the same sort of way. The basal-ganglia is relatively instimulated in an environment that is routine and predictable. If we see the same things day-in, day-out, then we feel the same things too.

If there is nothing new in our environment to stimulate a new mood, feeling, or emotion, we will be destined to repeat the same old habits ad Infinitum. But we don’t need to book a flight to Tenerife to free-up an ingrained habit or routine. It’s easier than you might think.

Use your prefrontal cortex to make a decision. Decide to do something new and different, something you’ve never done before. It could be as simple as walking instead of driving, jogging instead of walking; or doing some yoga to wake up your muscle memory.

Creativity 

Do you think you aren’t a creative person because you could never draw anything decent in art class? Chances are you are creative and express it everyday in the way you communicate, in the choices you make, and in the routines you choose to follow. 

You don’t have to be a gifted artist to get the rewards of a creative life. Reading, writing, painting, photography, meditation, walking, are all creative pursuits that can help tell your basal ganglia that you're into something new. 

Journaling is an excellent habit to start. Writing just 500 words a week, that’s three pages of a small notebook, is a wonderful way to reflect on the previous few days. Any worries you have are sure to come up as you write and you will get a clearer picture of where you’re at and what you need. After you’ve written through your worries, keep on writing and enjoy the process. 

Remember the basal-ganglia is a powerful emotional centre, but it’s not your enemy. It will only respond to any stimulus that comes its way. The more joy you discover in your creative life the more your brain will enjoy it to, and start to crave it.

Tips To Help File For Bankruptcy

No one wants to go bankrupt, but it may be necessary. When you get yourself into a financial situation that involves debt, and you figure there’s no way out of it in your current state, then there are options out there like filing for bankruptcy that might be good for you to start afresh. Here are some tips to help file for bankruptcy.

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Assess Your Situation

Firstly, you want to look at the current situation you’re in and whether it warrants actually filing for bankruptcy. It might just be that you need some help with consolidating the debt or figuring out how to pay it off in a more appropriate manner that isn’t leaving you struggling for money. It’s always good to look at your situation, rather than judging it on what others have done before you. It might be different for you, and there may be a solution that’s worth taking that doesn’t involve having to file for bankruptcy. However, if you’ve tried everything, then bankruptcy might be the only thing left that could get you out of the mess that you’re in.

Ask For Help Off Experts

It’s important that whenever you find yourself in the situation where you don’t have all the answers or a solution to your problem, that you get expert advice. That’s something that’s essential when you’re filing for bankruptcy because you’re likely to come to a much better outcome with the help of professionals who know what they’re doing. That’s why finding a lit might be helpful in discussing your options available and what would be the best option for you. They can help clarify anything that you might not understand and put you at ease over any worries you have about filing for bankruptcy in the first place.

Try To Hold Onto Any Property

For many people who are thinking of filing for bankruptcy, the question of valuable assets like a property or car could come up for discussion. There are certain bankruptcy options that liquidate all your assets, including your property to help pay off the debt. That might not be something you want to do, and therefore, it’s important to hold onto any property that you have in the event of going bankrupt. Starting from scratch is good if you don’t have a property, to begin with, but losing your property could start you back at square one.

Educate Yourself To Make Better Financial Decisions

Going bankrupt is definitely easy to do if you’re not careful with your money. It’s important to be aware of your spending habits and to make good decisions on how you go about spending your money. It might be part of the filing for bankruptcy, but if not, then it’s certainly a good idea to educate yourself on making better financial decisions in the future. That way, it’s something that won’t happen again.

Going bankrupt is not the end of the world, so don’t get too down-hearted if it’s something you need to do.