The HELOC method is essentially you taking a loan to pay off your mortgage sooner. But at the moment, mortgages have one of the lowest interest rates available, unlike other types of loans. A HELOC can work for people with a low interest in personal finance and a history of poor money management. However, investing …
Marriage diminishes estate tax among spouses, allows you to enjoy spousal benefits, inherit social security, and IRA. In addition, health, home, and car insurance come at a lower cost and with tax exemption. But marriage can also put you in a higher tax bracket and increase your monthly debt payments. For better or worse, life …
If your wife doesn’t want to work, there can be two reasons behind it – she’s too busy taking care of the kids and house, or she is just used to having someone else support her. If you’re not okay with her being jobless, have an open conversation and explain the perks of all the …
In essence, many full-time federal employees earn about $18,000 yearly. So, if you want to make $20,000 annually, you will need to earn more than the minimum wage of $9.61 per hour. Frankly, surviving on $20,000 a year is challenging because that is not even your net take home. Your monthly after-tax will come to something around …
Your first encounter with the real estate market might raise some questions, especially if you’re looking to buy a house on an average income. House prices are going up, but income is not changing as much. If you haven’t been attentive to your personal finances, you might wonder how do people afford houses? The downpayment …
I remember the day I moved out of home as the most exciting day of my adolescence. I was finally out of my mom’s house and on my own, where I would make the rules, and everything will be so much more relaxed. It wasn’t long until reality hit me. Living on my own was …
Stripe is another Silicon Valley success you can’t stop hearing about. What’s so fascinating about this company is that it revolutionized the online payment process for businesses. It has become the first choice for handling payments and revenue for large companies as Amazon, Google, Lyft, Shopify, and Airbnb. What PayPal lacked, Stripe provided. Merely 6 …
