Temporary layoffs can happen when you least expect and with no warning from your employer. Worse, you may not know how long the layoff will last and when your pay will start again. Staying on top of your finances can be difficult when there’s a delay in your pay. Here are some tips for staying on track until the layoff is over. Take advantage of your emergency fund. A delay in pay is the exact kind of situation...
In today’s day and age, there aren’t many financial institutions that don’t offer an online banking experience. Customers expect this feature in 2019, and any bank that comes up short will find it difficult to compete. While the option is available to you, it doesn’t mean you’re taking full advantage. You don’t have to rely on the many features of online banking, but once you learn more about them there’s a good chance you’ll fall in...
Are you a small business owner with big goals for 2019? Have you come to realize that cutting expenses would be in your best interest? Do you have some concerns about the best ways to save money, without having an impact on the overall health of your business? There are many ways to save money as a small business owner, so it’s imperative to keep an open mind as you explore all your options. If you’re...
In the ideal car buying scenario, the value of your car would always exceed your outstanding loan balance. However, sometimes the opposite can happen and you owe more on your car than your car is actually worth - a situation that's referred to as being upside down on your loan. For example, if your outstanding loan balance is $17,000 and your car is valued at $12,000, then you’re upside down. If you wanted to sell...
2019 is right around the corner. While you have some time in 2019, you will need to begin thinking about filing your taxes. There are a lot of options out there, and depending on your financial experience, you can either do it yourself or hire an accountant. Below are a few options to file your taxes: Hire an accountant: If you do not know and understand taxes, I would recommend to hire an account to file...
A new year is approaching, and that means new goals are coming. A good goal for 2019 may be to learn more about personal finance so you can be financially successful! Below are a few tips and recommendations to be able to learn more about personal finance in 2019. Please feel free to post in the comments sections if you have any additional recommendations. Personal Finance Podcasts: Podcasts have become a hugely popular trend, and now...
If you are considering retirement in 2019, first of all a big congratulations is due! Retirement is a period you should be looking forward to. This will bring you the freedom you have always been looking for. At the same time, you do not want to rush into retirement without being fully prepared. Below are a few key things you should look further into and know about retirement in 2019 prior to taking the dive. You...
Even if you’re happy with your financial situation and the way you’re managing your money, you never know what the future will bring. It only takes one mistake or misstep to find yourself heading down the wrong path. With so many financial traps lurking, it’s imperative to think long and hard about every money move you make. Here are five traps to keep out of your life in 2019: 1. Taking Money From Your Retirement Savings...
Many employers pay a year-end bonus as a reward to employees for their hard work and dedication throughout the year. After laboring all year long, most people think about splurging the bonus, but there may be some better ways to put the money to good use. Put it aside for taxes. After it’s added to the salary you earned throughout the year, a year-end bonus may push you into a new tax bracket. You could end...
Credit cards are a type of financial product that lets you borrow money against a credit limit. You’re responsible for repaying all the transactions you make, either by paying all at once or by making minimum monthly payments toward your outstanding balance. While credit cards offer several benefits, like the ability to finance large purchases or earn rewards on your transactions, they also come with a certain amount of risks that you should be aware...
