A Challenge and a Great Website for 1099s

The average LMF4HMW reader probably underestimates her dining out and entertaining spend quite significantly. Let's do a little experiment: write down your monthly estimate for this budget -- include restaurant spend plus what you buy for entertaining purposes in your home. (No peaking at bank statements!)

Now, put a note on your calendar to check this estimate one month from now (March 17). No need to include groceries for daily meals -- just those you use to entertain others.

I'm willing to bet it will be a lot more than you guessed. And I'll check back that week with some money saving tips to help you decrease these costs.

In the meantime, there's a wonderful website business for filing 1099s online, Outright.com. It is simple, fast and low cost -- only $5 per filing. This is a useful tool for small business owners as well as anyone who employs an independent service provider to the tune of more than $600/year. Filing electronically through Outright means you no longer have to mail in the paper form nor include the 1096. Check it out!