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 …
It would be best if you aimed to spend around 30% of your income on rent. For example, if you’re making $60,000 a year, that’s $5,000 a month before taxes. So your monthly rent shouldn’t be over $1,500. Apartment hunting is a tiresome process that comes with unforeseen struggles. Before you go looking for a …
Depending on which area you choose to reside in, you can either live comfortably or struggle to make ends meet with $5,000 a month. In most areas of the US, except for San Francisco, New York, Boston, you can live in a safe neighborhood, enjoy some comforts and save with a $5,000 income per month. …
It’s about time we face the harsh reality, Americans suck at saving money, and you have probably fallen into those statistics without even knowing it. There are more consumers of goods and services here in the U.S. than in all of India. That’s over one billion people, and we still consume more than they do. …
You’ve stumbled here because you’re wondering how to get out of a toxic family house, the apartment you’ve been sharing with an abusive-romantic partner or the apartment that you’re sharing with mates who grate on your nerves. Whatever your reason is, before you can take any step forward, the first thing to consider is how …
If you manage your personal finance the way a business operates its affairs, what would your finance look like? What if you manage your business the way you currently manage your personal finance? What would your business look like? A few years back, my friends and I traveled to Dubai. It was my first time, …
When you’re a young adult it’s easy to fall into the trap that time is still on your side. In a blink of an eye, you’ll wake up at 40 with no savings, a mountain of debt, and only one culprit – yourself. What bothers me the most is that financial literacy is not taught …
