Edwin Lopez sorts the money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida. Joe Raedle | Getty Images As inflation continues to weigh on American households, peo...
Tag: Personal saving
Former basketball player turned advisor offers money advice to college athletes
University of Arizona Wildcats guard Joe McLean plays defense against UCLA Bruins guard Kevin Dempsey during a Pacific-10 Conference game on Jan. 7, 1993. Ken Levine | Getty Images Sport | Getty Image...
How to make a monthly budget in a spreadsheet and start saving money
Think of a budget as just another list. It’s most efficient to build a budget on a spreadsheet somewhere — whether it’s Microsoft Excel or a Google doc. Add your income and then add new ex...
Why Biden’s billionaire minimum income tax may be a tough sell
Josh Gottheimer, D-N.J., talks to reporters in Washington, Nov. 4, 2021. Elizabeth Frantz | Reuters President Joe Biden has proposed a new tax on the ultra-wealthy as part of his 2023 federal budget, ...
Most medical debt to come off credit reports. What to do if it doesn’t
Maskot | Maskot | Getty Images If you have medical debt weighing down your credit score, it may be wiped off your credit report in a few months. Yet before you cheer the good news, first make sure you...
Companies bet employee benefits will help them in ‘Great Reshuffle’
Paul Bradbury | OJO Images | Getty Images Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting the...
How to avoid a tax filing rejection if last year’s return is pending
Drakula & Co. | Moment | Getty Images The IRS is backlogged and still sifting through tens of millions of pending returns, including many of last year’s filings. If your 2020 return is part ...
Vanguard reclaims top target-date fund manager spot it lost in 2020
Thomas Barwick | Digitalvision | Getty Images Vanguard Group captured the most new investor money in its target-date funds last year relative to other asset managers, reclaiming the top spot it’...
How to take a sabbatical even if your company doesn’t offer one
Katherine Ullman spent part of her sabbatical in Colombia. Courtesy: Katherine Ullman Katherine Ullman was burned out from working intensely during the Covid-19 pandemic and was questioning her next c...
How to avoid a 6-figure tax penalty on foreign bank accounts
Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penaltie...
Inflation is spiking the cost of pets. But owners are still splurging
Halfpoint Images | Moment | Getty Images Pet parenthood is getting more expensive, but many owners are still willing to splurge, according to a report from Rover, an online pet marketplace. Rising cos...
5 money-saving tips from a TikTok lawyer who reads the fine print
Reading the fine print means you could be saving money that you might not have otherwise known about, according to Erika Kullberg, lawyer and founder of Plug and Law, a legal tech start-up for small b...
Meet Erin Collins, National Taxpayer Advocate for the IRS
Erin M. Collins Source: Erin M. Collins If you’re one of the millions of Americans grappling with IRS issues, you may not realize there’s another option for your unresolved problems. The T...
The IRS sent more than 45 million refunds. This is the average payment
Bill Oxford | E+ | Getty Images The IRS has issued more than 45 million tax refunds worth almost $152 billion in total, as of March 11, the agency reported Friday. Nearly half of Americans expect refu...
Flexible hours let this company’s workers fit work around their lives
Allison Greenwald, senior product manager at The Alley Group, spent five weeks in Alaska while working a flexible schedule. Courtesy: Allison Greenwald Millions of Americans are quitting their jobs an...
EV mechanic Carl Medlock found a niche fixing Teslas
There’s an opportunity for entrepreneurs in the electric vehicle market. Electric vehicles are sweeping the auto industry, and while all the attention is directed at flashy car unveilings and au...
Americans are pausing investments because of the Russia-Ukraine war
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of st...
Inflation is causing some older Americans to delay retirement plans
As inflation rises, many Americans are shifting life milestones, including retirement. Some 13% of Gen Xers and baby boomers say they have postponed or considered delaying plans to leave the workforce...
Why the Federal Reserve raises interest rates to combat inflation
The Federal Reserve building in Washington, January 26, 2022. Joshua Roberts | Reuters The Federal Reserve is poised to announce its first interest rate hike since 2018 on Wednesday. The central bank ...
Bipartisan lawmakers push for IRS answers on problems facing taxpayers
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images A group of bipartisan lawmakers is pressing the IRS for answers on lingering is...
Cash-rich states are slashing taxes amid revenue windfalls
Anchiy | E+ | Getty Images And this year, at least a dozen states have made cuts or are eyeing reductions, including both temporary and permanent measures, according to the Tax Foundation. While the...
Meet the company that lets you work remotely from anywhere in the world
Sevdha Thompson, digital producer of marketing for Coalition Technologies, spent a few weeks working in Costa Rica last year. Courtesy: Sevdha Thompson Millions of Americans are quitting their jobs an...
Crypto poses serious 401(k) risks, Biden administration warns
Xinhua News Agency | Xinhua News Agency | Getty Images Cryptocurrencies, such as bitcoin and other digital assets like non-fungible tokens, pose “significant risks and challenges” to 401(k...
Here’s how urban and rural Americans build wealth differently
Doug Langley clears the combine harvester’s head from weed before he starts harvesting, during the wheat harvest in Shelbyville, Kentucky, June 29, 2021. Amira Karaoud | Reuters Many rural Ameri...