Unless you and your live-in lovah are perfectly compatible, you will fight about money at some point. Some couples find the common practice of sharing the same accounts to be suffocating and appreciate the relative freedom of maintaining discrete funds.
If you’ve never lost control of your budget or your weight, you can’t truly appreciate how great it feels to take command of either, enact a pragmatic strategy and see results. If you become skilled at managing one aspect, it can lead to success in another.
You may not think of yourself as an employer just because you have someone drop by the house to watch your kids, but the Internal Revenue Service sees things differently. Many parents are taken by surprise by the “nanny tax,” which requires parents to pay FICA and FUTA taxes.
New things seem like the most amazing things ever until you get tired of them and get the urge to replace them with newer stuff. The buy-boredom-replace cycle is natural and tough to avoid, but you can save money if you can figure out how to stretch it out longer.
Wealth and prosperity aren’t really about how much you make, but about how well you use what you have. If you offset a high-income job with wild spending habits, you’ll be in worse financial shape than someone who makes half as much as you but saves and lives within their means.
Your golden years come with a gold rush of discounts. Looking to cater to seniors eager to stretch out their funds, businesses offer sweet deals to the older set.
If you’re accustomed to paying just the minimum payment on your credit card bills each month, you might change your ways if you discover how long it will take you to get rid of your debt.
Renowned children’s author Dr. Seuss was great at instilling life lessons through resonant rhymes and artwork. His books also pack some poignant financial lessons.
Personal finance experts crow on and on about how crucial it is to save up a reserve fund to help you survive a job loss or financial disaster. Deciding exactly how much to set aside, however, is a matter of philosophies and resources.
Maybe it’s been so long since you’ve gotten a raise that you wouldn’t know what to do with the money when it hit you. Such a problem is a nice one to have, but still a problem. Act carelessly with your newfound income and you’ll hardly notice that you’ve got it.
Some homeowners are convinced that they need more space, and glance through their walls with visions of new rooms dancing in their heads. The trigger-happy subset of these folks jumps into these projects with abandon, certain that the addition will “pay for itself” by upping the value of the home. But in a housing market like this, such assumptions can be faulty.
It’s empowering to discover alternate uses for regular household items. Explore these secrets and you can save yourself trips to the store to get things you thought you needed but actually can do without.
Maybe the phrase “Always a bridesmaid, never a bride” is less a lament of singledom and more of a complaint about being forced by a succession of friends to make unreasonable financial sacrifices in the name of their big day. Women who are asked to be bridesmaids are forced through a gauntlet of brutal financial and time commitments, and should bear those costs in mind before accepting a request from a bride-to-be.
If you’ve just started investing, you’re bound to make a few mistakes as you find your footing. While there’s no guaranteed formula for success, there are ways to put yourself in the best position possible to start off strong and stick around for the long haul.
Homeowners whose property is worth more than what they owe have the option of using their equity to get a hold of more money. Home equity lines of credit can fund education expenses, home improvements or help you pay off debt with higher interest. The credit can be a lifesaver, but can also get users in trouble.
When you’re looking for a pet, you’re probably thinking with your heart rather than running a cost-benefit analysis. But animal sidekicks come with a plethora of hidden challenges, including financial demands that you’ll need to make sure you can handle.