Here are some some strategies to help you figure out how much to pay on your credit cards to at least keep them in good standing. After 30 days with no payment, your delinquency is reported to the credit bureaus, added to your credit report, and factored into your credit score. A single late payment in your entire credit history might not do much damage, but the more delinquencies you have, the worse the effect on your credit score will be....
A curriculum vitae is an alternative form of a resume. Certain industries (including academia, education, some sciences, and international companies) often prefer CVs over resumes. A hiring manager will typically ask for a CV in the job listing. CVs are longer than resumes—at least two or three pages—and differ from resumes in other respects as well. CVs provide more information on your academic background and achievements, including research, awards, grants, publications, and teaching experience....
In 2017, there was a $666 billion budget deficit—$80 billion more than what was recorded in 2016. Revenue Total receipts were up 1% in 2017. Revenue was $3.3 trillion. Income taxes contributed $1.6 trillion and corporate taxes added $297 billion. The remaining revenue came from excise taxes, estate taxes, interest on Federal Reserve deposits, and other miscellaneous sources. Spending FY 2017 spending was $3.982 trillion. Federal government spending has three components: discretionary, mandatory, and interest on the debt....
Start a Basic Filing System There is a lot of financial information that needs to be organized and processed, and a simple filing system can make this less of a chore. You can essentially break down all of your financial papers into the following categories: Bills dueImportant documents to keepItems to throw away or shred It is that simple. Either you have a bill that needs to be paid, a receipt or document that should be saved, or something that can be discarded....
The ranks of Americans employed as independent, or gig, workers either full-time, part-time, or occasionally has swelled over the last year, growing 34% to reach 51 million. That’s according to a July poll of 6,240 U.S. adults that was released last week and commissioned by MBO, a company that connects businesses with independent contractors. A major reason for the increase was workers trying to replace income that disappeared when they lost their jobs or their hours were cut amid the pandemic’s economic downturn, MBO said....
In these situations, investors have been given a put option of sorts by central banks since they have a price floor in place. For example, an investor holding shares of a broad market index may have a sort of guarantee from the central bank that the stock won’t drop below 20% since if it did, the central bank would intervene with low-interest rates to boost equity valuations. There was no actual guarantee by the central bank, but the precedent was enough for many investors....
To better understand how Hedera works, the unique features of the Hedera Hashgraph, and if Hedera makes sense for your cryptocurrency strategy, keep reading this guide to Hedera. What Is Hedera? Hedera is a cryptocurrency on the Hedera Hashgraph, a unique type of blockchain. The Hedera Hashgraph powers cryptocurrencies, smart contracts, and DApps. The Hedera Hashgraph is supported by a different version of the proof-of-stake consensus protocol and transaction validators are incentivized by the HBAR currency....
Last week’s inflation report, which showed the Consumer Price Index rising to an alarming 6.2% in October, also highlighted stark differences in how different cities and states in the U.S. are experiencing those higher prices. In St. Louis, for example, the annual inflation rate was 7.5%, while in San Francisco, it was only 3.8%. The reasons inflation is hitting harder in the middle of the country than in big coastal cities have to do with cars, shopping habits, and ports, said Sabri Yilmaz, a professor of economics at Penn State University....
Sales of existing single-family homes, townhomes, condominiums, and co-ops grew to a seasonally adjusted annual rate of 5.86 million in June, 1.4% higher than in May and the first monthly increase since January, the National Association of Realtors said Thursday. At the end of June, housing inventory stood at 1.25 million units, up 3.3% from May but still down 18.8% from a year earlier. “Home sales appear poised to strengthen in the second half of the year as the housing market moves back into balance,” Charlie Dougherty, an economist at Wells Fargo Securities, wrote in a report....
The Start-Up Process When you start a business, there are many actions you need to take and systems you need to set up to create the foundation for a successful business. An accountant can help by: Determining the best business structure (i.e., sole proprietorship, LLC, corporation, partnership) for your situation. Assisting with the financial analysis in your business plan. Providing advice on the type of accounting software you may need. Providing advice and assistance on opening a business bank account....
Created by the Tax Cuts and Jobs Act (TCJA) of 2017, the QBI deduction allows certain small business owners and sole proprietors to claim up to a 20% deduction of qualified income, which can provide a much-welcome major tax break. With this deduction, you may be able to divert possible major tax payments back into your business to expand. Of course, that is only an option if you know what qualifications exist to receive the deduction....
The Benefits of Deferred Annuities By using a deferred annuity, you keep several options available, including: Adding funds to the account to increase the annuity’s valueTaking lump-sum withdrawals as needed (for significant expenses, for example)Transferring assets to a different financial institutionCashing out the annuityConverting the annuity into a stream of payments at a later dateLeaving the assets to earn interest over time Each option has fees or taxes that must be considered....
Named for Congressman Donald Pease from Ohio, the politician who first introduced the legislation in 1991, the Pease limitation was first repealed from 2010 through 2012 before the American Taxpayer and Relief Act of 2012 reinstated it. Then it was repealed again by the Tax Cuts and Jobs Act (TCJA). What the Pease Limitation Prevented Itemized deductions can be a somewhat tricky tax concept. You can deduct certain expenses that you’ve paid all year from your taxable income when you itemize....
How LLC Ownership Works As a member of an LLC, either a single member or one of the multiple members in the business, you are a business owner, not an employee of your company. When you form an LLC, each owner puts in something of value, usually money, so each member has ownership in the business. Each owner’s part of the total is their capital account, A capital account shows the changes in their ownership of the business....
It’s also a philosophy that can have a considerable impact on your finances–and not necessarily a positive one. Here’s what you need to know before you try to live a minimalist lifestyle. How Minimalism Can Improve Your Finances Those who embrace a minimalist lifestyle don’t necessarily do so with the express motive of improving their financial situation. But many quickly discover that minimalism can have a positive impact on their finances since many of the principles point to healthy money habits....
Liability insurance is intended to protect your assets. When you’re liable for property damages and injuries in an accident, your liability coverage can help pay the costs. Insurance companies allow you to increase liability coverages above state-required levels, and they offer additional liability insurance products that can beef up your asset protection. What Is Auto Liability Insurance? Auto liability coverage helps protect your assets when you cause an accident. Car insurance policies include two types of liability coverage:...
Why Short Sale Pricing Is Unreliable You cannot hang your hat on the list price of a short sale. In some Multiple Listing Services (MLS), listing agents are required to tell buyer’s agents if the seller will not accept list price, but not all MLS companies require that disclosure. If the list price is too low, the bank will reject the short sale. Moreover, a low list price could be a strategy used by the listing agent and seller to entice multiple offers on the short sale....
However, it’s not always clear what to expect. For example, recessions often result in lower home prices, which is great for homebuyers—until you factor in job uncertainty and tightening lender restrictions. Knowing what could happen during the next recession can help you prepare to weather the storm. Recessions Impact All Industries There isn’t one standardized definition of a recession. Rather, it’s more of a phenomenon that—by the time we’re in the midst of one—most experts can agree that we’re in a period of a sustained decline in economic activity....
What Is the 4% Rule? The 4% rule refers to how much money you withdraw each year after you retire. It states that you should use no more than 4% of the value of your portfolio of stock and bonds in the first year after you stop working. For example, if you have $100,000 when you retire, the 4% rule would say you could withdraw about 4% of that amount. That would be $4,000 in the first year of retirement....
Denied Claims vs. Rejected Claims A health insurance claim denial occurs when an insurance company does not approve payment for a specific claim. The health insurer decides not to pay for a procedure, test, or prescription. A rejected claim can be easy to correct. This is a claim that’s not processed because incorrect information has been submitted with the health insurance claim form. Rejected claims don’t have to be appealed. You can simply correct the error....
