Raising a kid costs a lot of money. It was estimated to be $233,610 to raise a child before the age of 18 for a middle class couple, so the college expense was not even included in the estimate. $233,610 divided by 17 comes to $13,741. That’s how much you could spend on a kid… Continue reading Save Money by Not Buying Expensive Toys for Your Kids
Category: Personal Finance
Save Money by Cooking at Home
Eating out is convenient but costly. Cooking at home does not have to be a chore. You can do it and watch your favorite Netflix movie at the same time. It can be a lot of fun. In the end, you’ll pocket some money and put it in your 401(k) toward your retirement. The easiest… Continue reading Save Money by Cooking at Home
Crude Prices Dropped and Delta Jumped
Crude oil prices fell due to the increase in the U.S. inventory. The U.S. crude prices rose to a two-year high of $59 on Black Friday before it retreated. Since then, the price has dropped a couple of dollars from the high. The gas prices at the pumps may or may not reflect the drop… Continue reading Crude Prices Dropped and Delta Jumped
PayPal Is down Today amid the Security Breach Fiasco from Its Subsidiary
PayPal is down about 6% for the day. PayPal paid $238 million for the Canadian-based TIO Networks in July. Today, the subsidiary admitted that hackers potentially stole personal information, and possibly financial data, for as many as 1.6 million of its customers. Think of today’s drop as a minor correction of its stock price. Nonetheless,… Continue reading PayPal Is down Today amid the Security Breach Fiasco from Its Subsidiary
Save Money on Taxes
The year end is approaching. There is still time to plan your last minute strategy to pay fewer taxes. TAKE THE ADVANTAGE OF THE 401(K) CONTRIBUTION The contribution brings you the tax savings that correspond to your tax bracket. If you’re in the 25% bracket, a $4,000 contribution to your 401(k) would typically save you… Continue reading Save Money on Taxes
Crude Oil: $60 Here We Come
Crude oil prices continued to rally. The U.S. crude prices rose to a two-year high of $58 right before the holidays. It’s currently just 27 cents shy of $59. The gas prices at the pumps will soon reflect the escalation of the crude prices if they haven’t already. That could mean an extra $5 to… Continue reading Crude Oil: $60 Here We Come
Not Good: Crude Prices Are at a 2-Year High
Crude oil prices appeared to be hitting the highest price in 2017. The U.S. crude prices rose to a two-year high of $58 right before the holidays. We as consumers are expected to pay more at the pumps for sure if the crude prices continued to elevate. If you own stocks in the airlines sector,… Continue reading Not Good: Crude Prices Are at a 2-Year High
Free Money and Don’t Lose It
It’s true. We can get free money. These are 2 of the easiest ways to get free money. 401(K) EMPLOYER MATCH Your contributions to your 401(k) plan reduce your taxes, because they don’t count against your taxable income for the year. What’s more important is many employers match your contributions. Typically, employers match your contributions… Continue reading Free Money and Don’t Lose It
Don’t Pay Cash and Use Credit Cards Instead
Using credit cards has lots of benefits such as the cash rewards, discounts, and protection from purchases, to name a few. CASH BACK OR POINTS Many credit cards offer at least 1 points or 1 % cash back per dollar spent. As the competition among the credit card issuers heat up, they sweeten the pot… Continue reading Don’t Pay Cash and Use Credit Cards Instead
Why Should You Care about FSA?
Big savings is the reason why. Having an FSA is like getting a 15% or a whopping 30% discount on health care. You can save hundreds to thousands of dollars on health care, childcare and dependent care. That is because your contributions to the FSA are pre-tax and that reduces the taxes you pay each… Continue reading Why Should You Care about FSA?