Welcome to the Weekly Scan. Here’s what we’re following for the week of August 29, 2022. Plus, our Certified Financial Planner Lauren Anastasio gives advice on how to respond to the news. Lauren’s take on the markets: Stocks took a dive on Friday following a speech by Federal Reserve Chair Jerome Powell. Investors were anxiously […]
The Weekly Scan August 29, 2022 Read More »
No matter how confident you are about the future of the economy, it’s clear that the average consumer is feeling nervous. A June 2022 survey from MagnifyMoney found that 70% of Americans think a recession is coming. But a recession affects everyone differently, and there are some professions that tend to thrive even when the
What Careers Are Recession Proof? Read More »
A denial letter isn’t the end of story for a health insurance claim. If you’re persistent and file a proper appeal, you could get that claim paid after all, at least in part. The post How to Get a Health Insurance Claim Paid and Appeal a Denial appeared first on Money Crashers. https://www.moneycrashers.com/appeal-health-insurance-claim-denial/ #financialfreedom #money
How to Get a Health Insurance Claim Paid and Appeal a Denial Read More »
Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the opportunity to pay down their balances. Now that the White House has announced plans to cancel up to $20,000 in student loan debt, some of those borrowers may be wondering how to get…
Should You Ask for a Refund on Student Loan Payments? Read More »
If you’ve never owned a home or lived in a neighborhood or condominium, you may not even think about the homeowners association (HOA) before you make that first purchase. But don’t be caught off guard by HOA rules and fees, which can be sizable and, sometimes, unexpected. What an HOA could cost you is a
10 Common HOA Restrictions that Could Cost You Money Read More »
It’s probably not possible to entirely inflation-proof your stock portfolio. However, you can fight inflation with a more diversified portfolio. Below we discuss some of the best stocks to buy for that purpose. https://investedwallet.com/the-3-best-stocks-to-buy-to-fight-inflation/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair
The 3 Best Stocks to Buy to Fight Inflation Read More »
A 529 college savings plan is primarily designed to help you pay for college and other eligible educational expenses. But since 2019, it’s also been possible to use 529 plan funds to pay off student loans. Here’s what you need to know about limitations of using a 529 plan to pay off student loans and
Can You Use 529 Funds to Pay Off Student Loans? Read More »
Dear Penny, We have a 47-year-old daughter with a just-settled divorce. She is a teacher, but she’s not working full time. She is asking her parents to co-sign for a home purchase. We are retired and have a paid-for home. What financial tool could we use to protect ourselves from default possibilities? -J. Dear J.,
Dear Penny: Can I Avoid Default Risk if I Co-Sign My Daughter’s Mortgage? Read More »
Inflation reached a 40-year high in June, and the light at the end of the tunnel remains out of view. The result is that many everyday goods and services, including back-to-school items like clothing and supplies, have gotten more expensive. While you may still need to buy these necessities, it’s possible to combat rising costs
How Inflation Impacts Your Back-to-School Costs Read More »
Unlike more extreme sports, we don’t always consider the toll regular long walks can have on our bodies. That is, until you take a walk and come home with blisters, sore arches or painful joints. Good walking shoes matter, and spending just a little can go a long way in how enjoyable — and pain-free
The 6 Best Walking Shoes for All Conditions from $65 to $110 Read More »
Lifestyle planning should be the first step in your overall plan so you can have a good life both now and in the future https://financialpost.com/personal-finance/retirement/fp-answers-what-happens-to-cpp-and-oas-payments-when-a-spouse-dies-and-how-do-we-plan-for-this #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
Home equity lines of credit (HELOCs) haven’t been where U.S. consumers turn for financing for a number of years. But recent data indicates that may be changing. According to Experian data, total U.S. HELOC balances grew over the three-month period ending in June 2022, the first quarter of HELOC balance growth since 2010. Total HELOC
Are HELOCs Becoming More Popular? Read More »
Have you ever wondered what the ideal income is to live a comfortable life before retirement and after retirement? Well, look no further than the student loan forgiveness income threshold of $125,000 per individual and $250,000 per married couple. On August 24, 2022, President Biden unveiled a plan to cancel up to $10,000 tax-free in
The Ideal Income Is The Student Loan Forgiveness Income Threshold Read More »
It might be 2016, but paper checks are still very important in our financial system. Learn how to fill out a check the right way.Checks may seem obsolete, but they’re actually still used a fair bit. Which is why you should know how to fill out a check properly. The post Yes, You Still Need
Yes, You Still Need to Know How to Fill Out a Check Read More »
As inflation continues to dominate the headlines, you may have started to hear about the concepts of shrinkflation, skimpflation and greedflation. These are subtle ways in which companies attempt to either minimize or take advantage of the impact that inflation has on consumer expectations. It’s important to understand these concepts in order to avoid being
Hidden Inflation: What is Shrinkflation, Skimpflation and Greedflation Read More »
Preparing your federal tax return is hard enough when you live in the U.S. But it gets tougher if you’re filing as an expat from another country. Follow these steps to slash your tax bill without losing your sanity. The post U.S. Taxes for Expats — 9 Tips for American Citizens Living Abroad appeared first
U.S. Taxes for Expats — 9 Tips for American Citizens Living Abroad Read More »
To form an LLC, you have to follow specific requirements based on your business’s location. This guide explains how to create an LLC in New York. What are the benefits of an LLC in NY? When you’re starting a business, one important decision is choosing an entity structure. You may decide to form an LLC,…
How to Form a Limited Liability Company (LLC) in New York Read More »
The stock market has had a tumultuous few years. When the market tanked at the beginning of the pandemic in March 2020, many first-time investors saw an opportunity to get involved. Then the infamous GameStop short squeeze followed in 2021, with many amateurs leveraging resources like investment apps to take down hedge funds and short
Stock Trading for Beginners: 5 Mistakes That Can Leave You Broke Read More »
Here are the steps to save money for an emergency fund and break down some of the best tips to stick to your budget. By following our advice, you’ll be able to rest easy knowing that you’ll be financially stable even in cases of unexpected expenses. https://investedwallet.com/how-to-save-money-for-an-emergency-fund-and-feel-financial-bliss/ #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success
How To Save Money For An Emergency Fund and Feel Financial Bliss Read More »
Jamie Golombek: A Federal Court of Appeal decision in June dealt with the tuition carryforward rules under some interesting circumstances https://financialpost.com/personal-finance/taxes/tax-court-cra-postsecondary-tuition-credit #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
This unusual tax case shines a timely light on the post-secondary tuition credit Read More »