It’s National Bingo Day, so we are here with a “free space” of today’s top financial stories. Have a nice week! By Gary Dudak The Big Lead: Your July 4 BBQ Will Cost 20.9% More This Year Brace yourself for barbecue sticker shock this Fourth of July. A new study finds that the cost of the summer cookout menu has risen by $12.46 from 2021 to 2022 — a staggering 20....
If you’re like many people, you got more delivery than ever since the start of the COVID-19 pandemic. From restaurant fare to groceries, having items arrive at your doorstep has become safer — and often easier — than leaving the house. By Jennifer Taylor Discover: 11 Grocery Items To Buy at Dollar TreeRead: 7 Florida Cities That Could Be Headed For a Housing CrisisCheck Out: Protect Your Financial Future With Gold and Silver...
Ripple is a payment platform that uses blockchain and cryptocurrency to make many financial transactions more efficient. For example, individuals trying to convert currencies or make international fund transfers can complete these transactions in very little time using Ripple and its native token, XRP. By Taylor DeJesus Buying XRP Choose an Exchange How To Pay Storing XRP XRP Controversy Should You Invest See: 3 Things You Must Do When Your Savings Reach $50,000...
Many employees have been working remotely for nearly three years amid the COVID-19 pandemic. By now, they’ve become savvy pros at using virtual tools to communicate with their fellow team members, taking meetings through video conferencing platforms and even helping train newly onboarded employees. By Heather Taylor However, one of the biggest challenges about working remote is making a good impression on your boss. While traditional office settings allow for more facetime opportunities, there’s much less visibility available for those who work from home....
In today’s column, we’re chatting with Dr. Scyatta Wallace, an award-winning psychologist, scientist, social entrepreneur and CEO of Janisaw Company, whose mission is to highlight the importance of developing leadership skills in young women. One barrier that many women face in their careers — regardless of age or experience level — is imposter syndrome, the feeling that you aren’t qualified to hold a certain role and are therefore a fraud. Although anyone can feel imposter syndrome, women — and especially women of color — are more at risk....
In the wake of the coronavirus pandemic, the U.S. Congress passed a series of stimulus bills to provide direct checks to Americans. The last of these was paid out in March 2021. As federal payments began to dry up and inflation began to rise quickly, some individual states picked up the reins and began issuing inflation relief checks to their residents. By John Csiszar Most of the states that issued payments were from the two coasts, but a few states from the South — defined as Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia — got in on the act....
The Internal Revenue Service (IRS) recently announced it had made changes to Form 14457, primarily to include a section on reporting virtual currency. Form 14457 permits taxpayers who may face criminal prosecution for willful violation of tax law to voluntarily disclose information to the IRS that they failed to previously disclose, according to the agency. By Yaёl Bizouati-Kennedy See: First Crypto Wallet Insurance Product for Retail Investors Launched Find: Crypto Opposition: Why Majority of Fund Selectors Apprehensive To Recommend...
For many people in their 20s, retirement is the furthest thing from their minds. If you are in college or recently graduated, you may be more concerned with how you are going to get out of debt than what you will have saved for retirement. By Crystal Mayer Find Out: How 2023 Recession Will Differ From 2008 and How You Should Prepare DifferentlySee: With a Recession Looming, Make These 3 Retirement Moves To Stay On TrackImportant: What Is the Average Social Security Benefit at Age 62?...
Purchasing a home, for most people, is the single biggest, most expensive purchase of your lifetime. If you’re a first-time home buyer, it may feel especially daunting — and confusing — as you try to figure out how to get the best mortgage that fits within your budget. By Jordan Rosenfeld Finding the right one takes time, research and patience. The more prepared you are in advance, the smoother the process will go....
If you decided to wait until full retirement age to begin collecting Social Security, you can request retroactive payments that are typically delivered via a one-time, lump-sum payment when you file for your retirement benefits. This might not be the best strategy, however. By Vance Cariaga See: Can I Draw Social Security At 62 and Still Work Full Time?Social Security: New Bill Could Give Seniors an Extra $2,400 a Year...
This year’s Social Security cost of living adjustment (COLA) isn’t nearly enough to help boost seniors’ purchasing power. In fact, according to data from The Senior Citizens League (TSCL), high inflation has caused Social Security benefits to lose 40% of their buying power since the year 2000. By Josephine Nesbit See: Stimulus Updates To Know for Spring 2022Discover: 25 Extra Grocery Costs You’re Probably Forgetting About In January, retirees saw a 5....
We hear an awful lot about the importance of keeping our money in a checking and, separately, a savings account. But why is it so important to have both and not just one of the two? It comes down to the fact that a checking account, traditionally, has different functions than a savings account. By Nicole Spector How SoFi Checking and Savings Account Works Ideal Candidate for This Account About SoFi The Bottom Line A checking account is designed for routine transactions such as direct deposit and debit purchases....
One of the most popular suggestions for how recent graduates can pay off their student loan debt is to get a side job. Having a side hustle, in addition to a full-time job, can help grads increase their overall earnings and pay off their student loans faster. By Heather Taylor What if a student decides to get a side hustle while they are still in college, though? Depending on the student’s financial situation, it may or may not be feasible to work a side gig....
You’ve been dreaming of the day for decades, and now it’s almost here. This year or next, you plan to retire. But choosing the precise day to call it quits can be a tricky decision. Make the wrong move, and you could pay a hefty financial price. By Charlene Oldham Best Times To Retire Fortunately, experts can help steer you away from making big retirement mistakes. Here are some suggestions from financial planners about the ideal time to leave your job in the next couple of years....
The Financially Savvy Female had the opportunity to chat with Winnie Sun, an entrepreneur, personal finance expert and co-founder of Sun Group Wealth Partners. Here, we chat with Sun about her advice for other entrepreneurs, her top five money lessons and the biggest mistake her female clients make. By Gabrielle Olya Important: 7 Things Every Woman Should Know About Social SecurityTips: 6 Steps You Should Take To Increase Your Financial Confidence...
Fans of “Game of Thrones” will be familiar with the phrase “Winter Is Coming,” which essentially means bad things are coming in the form of a lasting conflict. That phrase became the genesis of another term these days – “crypto winter” – which describes bad things that are happening already. By Vance Cariaga See: Coinbase Announces Hiring Freeze, Rescinds Job Offers – Should You Move Your Crypto?Find: Crypto Winter Is Here – How to Manage Your Assets During a Cryptocurrency Bear Market...
Social Security is generally a once-per-month proposition. However, in certain cases, Social Security beneficiaries can receive more than one check per month. For some this is a normal occurrence, but for others it can mark some type of irregularity. By John Csiszar Retirement at Any Age: Get Top Retirement Tips for Every Stage of LifeFind Out: 5 Things You Must Do When Your Savings Reach $50,000 If you receive two Social Security checks in a single month, it pays to understand why, and to know if you should expect the same payment schedule in the future....
If you scrolled through the Facebook feeds of family and friends — especially women — at the height of the pandemic, you may have suspected that women bore the brunt of pandemic-related stress. If you’re a mom, you likely felt the stress, even while providing emotional support to friends and peers facing the same struggles. Many women had to leave their jobs — even those working remotely — to care for and, often, educate or assist school-age children with virtual or remote learning....
Andrei Jikh runs a personal finance YouTube channel focusing on investing and financial minimalism, which has amassed more than 2 million subscribers. Jikh uses the tagline “Magic of Finance” as a reference to his skills as a magician. He has been featured on shows like “Steve Harvey” and Nat Geo’s “Brain Games.” By Gabrielle Olya What’s the one piece of money advice you wish everyone would follow? Figure out your “why....
Medical debt is plaguing the lives of many Americans: 41% of adults currently have some debt caused by medical or dental bills, according to a July Kaiser Family Foundation survey. But there is some potential relief for some, as one New York-based nonprofit — RIP Medical Debt — has wiped out $7.1 billion in medical debt so far, aiding almost 4 million Americans. By Yaёl Bizouati-Kennedy See: How Much Does a Person on Social Security Make?...
