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Among cuts to President Joe Biden’s “Build Back Better” reconciliation plan is the enhanced monthly child tax credit. Right now, it looks like the CTC will only be extended for another year, instead of the four years originally proposed. In addition, Senator Joe Manchin (D-WV) is proposing an income cap of $60,000 per year for families eligible to receive the enhanced credit. This would mean that more than 37 million children across the country would lose access to the credit, which currently offers $300 per month to qualifying children under 6 years old and $250 per month for children ages 6 and up....

Federal student loan borrowers who qualify for forgiveness of up to $20,000 are now a step closer following an announcement from the U.S. Department of Education that beta testing the application process has begun. By Vance Cariaga Student Loan Forgiveness: How Do I Know If I Got a Pell Grant?More: Why More Than 7 Million Student Loan Borrowers Won’t Get Assistance The beta phase began in the evening on Oct. 14, CNBC reported....

Did your teenager work any side gigs in 1099 through established companies? If a company or organization hired your teen as an independent contractor, your teen may have recently received a 1099 form in the mail — or electronically via email. What does it mean? What should they do with it? By Dawn Allcot See: Teens & Taxes: I Received a Child Tax Credit for My College Student – Do They Need to File Taxes?...

Lately, investing has become so accessible and popular that new terminology seems to evolve every day. Just as online daters have ghosting, catfishing and submarining, online investors have their own meme-rich vocabulary, including the term — tendies. But what does it mean? By Kelli Francis About ‘Tendies’ Where ‘Tendies’ Came From Investment Slang ‘Tendies’ Slang Brand Growth What Does ‘Tendies’ Mean? Simply put, the term tendies refers to a reward — in the case of investing, tendies is a slang term used to describe money made on a stock or earnings from the stock market....

Everyday Walmart and Target prices are great, but you may be able to score an even bigger discount if you know where to look. By Josephine Nesbit Theft Measures: Will New Deterrents at Walmart Drive Consumers Away?Explore: 37 Mistakes When Shopping at Target and Walmart and More TikToker with the username SuperUnsexy posted a video in October saying that Walmart keeps some of the best deals on the top shelf of its stores, Best Life reported....

Whether you are new to crypto investing or have been in from the start of the Bitcoin IPO, you may or may not have heard of WETH. WETH — or “wrapped ethereum” — is a token that is pegged to the price of the cryptocurrency ethereum. By Dawn Allcot How WETH Works Investing in WETH Price Converting ETH to WETH WETH vs ETH Learn: 5 Things You Must Do When Your Savings Reach $50,000...

Inflation has been one of the bugaboos of 2022, driving up prices around the country and wreaking havoc in everything from consumer budgets to stock market prices. By John Csiszar Rising Demand Rising Costs Contributors to Rising Inflation Benefits of Inflation Since inflation has been relatively low for decades, many Americans are wondering exactly what causes inflation, and why has it come roaring back so hard in 2022? The reasons are complicated, but can be broken down into broad strokes: rising demand, diminishing supply and expansionary fiscal and monetary policies have all played a role....

2020 was a devastating year for small businesses in college towns, as many campuses switched to a partially or fully remote school environment. With students away from campuses and spectators banned from sporting events in many states, the restaurants, retailers and other businesses that rely on this foot traffic suffered. According to Business Insider, some businesses make 80% or more of their income from university-related traffic, so with colleges and universities closed, business slumped....

By Vance Cariaga Discover: 9 Bills You Should Never Put on Autopay More: 50 Ways You’re Throwing Money Away The survey of 502 Americans aged 18 and older, conducted between April 21 and April 23, 2022, found that nearly one-third of Netflix stockholders surveyed have sold their shares. Another 19.35% said they plan to sell their shares soon. Only 27.42% of respondents who hold Netflix stock plan to buy into the current dip....

In the era of “The Great Resignation,” where businesses are struggling to recruit and retain talent, there is no better time for employees to pounce on ways to move up within their organizations. We’re talking about a promotion — a word that may send a shiver of both excitement and fear down your spine. By Nicole Spector See: 11 Best Lucrative Side Hustle Ideas: Earn MoreCheck Out: Highest-Paying Work-From-Home Jobs...

With the cost of supplies still soaring and inflation continuing to blow up prices on everything from groceries to electricity, saving money is getting increasingly difficult. Once relatively easy expenditures like little home upgrades are no longer so easy when you’re paying around $4 per gallon for gasoline or forking over your entire paycheck just to get by. By Nicole Spector More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today....

Economists are pointing toward a global economic recession in 2023. By Dawn Allcot Although some definitions of a recession require two successive quarters of the GDP for a country falling, with unemployment rising to 6% or more, these markers can vary. Consumer Price Index: Has Inflation Made Dining Out Cheaper Than Groceries?Take a Look Back: 2022 Year in Review The Collins English Dictionary has already declared 2022 a “permacrisis,” according to an article on the Economist website....

When the warmer weather rolls around, you’ll inevitably find yourself needing summer-specific supplies. By Cynthia Measom Read More: 7 Secret Money Traps at WalmartFind Out: Home Improvements That Are Not Legal To Do Yourself From kiddie pools to mosquito repellent, Walmart is known for its ability to deliver a one-stop shopping experience enhanced by everyday low prices. A convenient shopping experience that saves you money is an idea that makes a lot of sense — especially with the high cost of living right now....

The impact of the pandemic continues to rock the U.S. labor force as employees are increasingly refusing to put up with unsupportive, inequitable workplaces and many companies are struggling to retain and recruit talent, according to a new survey. Now, the survey finds that 4.8 million parents are suffering from “preventable burnout” amidst this Great Resignation. By Yaёl Bizouati-Kennedy Learn: Will SNAP Benefits Be Affected by the Christmas Holiday?Unemployment Fraud: Thieves Use Fake Job Ads To Collect Benefits...

Charlie Munger — better known as Warren Buffet’s right-hand man, Berkshire Hathaway vice chairman and billionaire investor — announced he will step down as chairman of the Daily Journal Corp. By Yaёl Bizouati-Kennedy Discover: 10 Genius Things Warren Buffett Says To Do With Your Money Learn: Berkshire Hathaway’s Charlie Munger Is ‘Disgusted’ by Bitcoin’s Success “Charles Munger will relinquish the chairman title, but will continue serving as a director, and as such will continue to pay particular attention to matters with which he has been involved in the past, including the company’s securities portfolio,” the company said in a Securities and Exchange Commission (SEC) filing March 28....

With Bitcoin reaching 70% in 2021, it’s no wonder some previously crypto-skeptic billionaires are coming around about their stance on the asset. By Yaёl Bizouati-Kennedy Explore: 8 Best Cryptocurrencies To Invest In for 20222021 Wealth Recap: Who Are the Billionaires That Added $402B to Their Fortunes By comparison, the S&P 500 index surged 28%, and gold dropped by 7% in the same period, marking the third consecutive year that Bitcoin has outperformed the two....

eBay announced on Dec. 20 that the online marketplace will be required to collect Social Security numbers — or Individual Tax Identification numbers — from all sellers who sell product (over the course of the year) worth more than $600. By Josephine Nesbit See: Pokemon Oreos List on eBay for $10K – Should You Buy an NFT Instead? Find: How To Make Money on eBay: Your Guide to Selling Effective Jan....

Nearly half of all states are ending the federal unemployment benefit, many of them citing a surplus of job vacancies and not enough people to fill them. By Georgina Tzanetos See: How To Go Back To Work And Still Keep Unemployment BenefitsFind: ‘Contagious Unemployment’ May Be to Blame as Companies Struggle to Find Workers At the center of the debate is whether or not continued unemployment benefits are incentivizing people to stay at home rather than look for work....

At the end of 2020, the future of travel was unclear, with expectations of a rebound revolving around whether or not we’d have an effective vaccine in the new year. Fortunately, the vaccine was widely rolled out in the U.S soon after, and Americans got back to business — and pleasure. By Nicole Spector More Savings: 13 Insider Secrets From Travel Agents That Will Save You Money Freebies: 35 Things Your Hotel Will Give You for Free...

Those who came of age during the 21st century experienced some of the biggest economic ups and downs in history. Namely, millennials and Generation Z have lived through the Great Recession, followed by an incredible 10-year bull market, then an unprecedented global pandemic and historic inflation. Not surprisingly, these events had a huge impact on how each generation spends and saves. By Casey Bond Save More: 10 Things To Stop Buying in 2023See: 3 Ways Smart People Save Money When Filing Their TaxesSmart Shopping: 10 Best New Items Coming to Dollar Tree in 2023...