Financial Literacy

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Dear Penny: What Happens When IRS Sees I Haven’t Paid 2020 Taxes?

Dear Penny, After getting furloughed in March, I was able to start collecting unemployment soon after. I opted not to have taxes withheld from my payments because I was having to dig into my savings to pay the bills, and I thought I’d be going back to work. Long story short, it became clear that […]

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Refinance Your Fixed-Rate to ARM Mortgage

When refinancing, most people opt for a fixed-rate mortgage, but an ARM refinance could give you access to even lower rates. The post Refinance Your Fixed-Rate to ARM Mortgage appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin

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Shop an Ethnic Grocery Store to Save Money, Try New Foods

Mom-and-pop ethnic grocery stores are a common sight on big-city street corners, peddling exotic fruits and cuts of meat. These days, they’re also increasingly found outside of major metro areas. Pan-Asian, Middle Eastern or Latin markets may be the most common, but you’ll find markets dedicated to a single nationality, be it Indian, Korean, Serbian,

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Find Out Which Mortgage Is Right for You: Comparing Conventional, FHA and VA Loans

Conventional, FHA, and VA loans are popular choices for financing a home, each with its own set of pros and cons. The post Find Out Which Mortgage Is Right for You: Comparing Conventional, FHA and VA Loans appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence

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Federal Borrowers Get to Skip Another Student Loan Payment

Millions of student loan borrowers who haven’t had to make a payment since the pandemic shut down the nation last winter just got an additional reprieve. The payment pause, known as a forbearance, began March 13 as part of the original coronavirus relief package and has now been extended twice by the Trump administration, most…

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How to Save Money: 25 Tips if Your Paycheck Is Stretched Thin

Do you ever wonder why it’s so hard to save money — even when you’ve cut the cable and the meals out, and you’ve never even had a latte habit? One reason it’s so hard to save is that your fixed expenses — the ones that stay the same each month, like your rent or

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Alliant Credit Union Mortgage Review

Today, Alliant Credit Union provides a fully online mortgage experience to home buyers. The lender boasts competitive rates and perks that include 0% down payment loans for first-time homebuyers. The post Alliant Credit Union Mortgage Review appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome

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5 Year-End Tax Planning Strategies to Save More Money

There are many things you can do before the year’s end to lower your taxes and perhaps keep more money in your pocket in the coming year. Here are five moves you can make before December 31 that could reduce your tax bill and make for an easier tax filing season. 5 Year-End Tax Planning

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How Much Does Medicare Part B Cost?

Medicare Part B is outpatient coverage that helps pay for doctor visits and other medical services and supplies. It’s something most seniors rely on and those approaching age 65 look forward to. » Learn what Medicare Part B covers But it does come with costs. There are premiums, deductibles, copays and, in some cases, penalties….

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How To Invest Money: A Simple Beginner’s Guide

Investing is necessary to hit nearly every financial goal imaginable, including retirement. Some people are scared of investing, but what you should really be afraid of is the consequence of not investing. There is a huge opportunity cost to sitting on the sideline. For example, take someone who is a diligent saver and put away

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Holiday Travel Tips 2020 – How to Stay Safe During COVID-19

Want a stress-free holiday season? Don’t travel. The holidays mean long lines, delayed flights, congested traffic, and dense crowds — an even worse combination than usual in the era of COVID-19. But if you must, keep these tips in mind to stay safe and reduce stress. Holiday Travel Tips 2020 – How to Stay Safe During

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How to Get a Personal Loan Without a Credit Check

Building a credit history requires having a credit card or loan from a financial institution. But it’s difficult to get started if you can’t open one of these accounts with any existing history on your credit report. When you need cash from a personal loan but have a thin credit profile, a no credit check

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5 Things to Know About the Bed Bath & Beyond Credit Card

If you need new bedsheets, a high-speed blender or even an inflatable snowman during the holiday season, there’s a good chance Bed Bath & Beyond has you covered. The store is a wonderland of all the things you need — and many things you never knew you needed — to make your house a home….

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Kia, KitchenAid Among December’s Class Action Settlements

If you’ve been dealing with a shifty Kia engine or a KitchenAid dishwasher, you may be eligible for a class action settlement. Read on to find out more about these — and other — class action settlements. Ginkgold Ginkgo Biloba: False Advertising The maker of Nature’s Way Ginkgold Ginkgo Biloba has agreed to pay nearly

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FlexJobs Review: Is FlexJobs Currently Worth Paying For?

The idea of working from home, whether full-time or in a freelance role can be very attractive and rewarding. However, sometimes finding legit gigs can be tiresome and can be hard to tell if a job is a scam or not. The question becomes how do you find solid remote jobs that not only are

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3 Reasons to Set Up a Donor-Advised Fund to Maximize Your Charitable Tax Deductions

Using donor-advised funds is a more advanced tax strategy that has gotten more popular recently with the introduction of the Tax Cuts and Jobs Act (TCJA) in February 2020. The TCJA nearly doubled the amount of the standard deduction, which makes it less advantageous to itemize deductions such as charitable contributions. For people with a

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What Is a Conventional Loan?

Current mortgage rates are low, making the path to homeownership a reality for a wide group of potential homebuyers. Not only are rates low, but there are many different types of mortgages to choose from that come with low rates. Conventional loans are the most common, but what is a conventional loan, and more importantly,

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Why UGMA/UTMA Accounts Are the Perfect Holiday Gift

If you have a special child in your life, you may be wondering what to put under the tree this year. One long-lasting and truly meaningful way to show the child in your life that you care is by taking a few minutes to set up a UGMA/UTMA account and give them a leg up

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Payoff Review – Get a Personal Loan to Get Out of Credit Card Debt

Payoff is an online-only debt consolidation loan provider with a friendly, transparent approach to the dry business of making and managing loans. If you’re faced with high-interest credit card balances, Payoff is worth a closer look. Payoff Review – Get a Personal Loan to Get Out of Credit Card Debt is a post from Money

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