Personal saving
74% of people do not think they will ever achieve high net worth status, survey finds
cdwheatley | E+ | Getty Images People have wide-ranging views of what it means to be “high net worth,” according to a survey from digital wealth manager Personal Capital. Yet most people — 74% — don’t see themselves ever fitting into that category. When 2,209 adults were asked what they would consider high net worth, […]
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Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty Images If you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according to the IRS. While it’s too late to request an extension, you can still reduce monthly late fees. Failure to file costs 5% of unpaid taxes per month and late payments incur […]
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Hit with an unexpected tax bill? It’s time to adjust your withholdings
Georgijevic | E+ | Getty Images If you had a surprise tax bill this filing season, it may be time to adjust your withholdings, financial experts say. Whether you’re a W-2 employee or self-employed, the IRS expects an ongoing piece of your income, paid through withholdings or quarterly payments. As of April 8, nearly 68% of […]
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Supreme Court rejects challenge to SALT limit from New York, New Jersey
Rep. Judy Chu, D-Calif., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol. Sarah Silbiger | Bloomberg | Getty Images The U.S. Supreme Court has rejected a challenge from New York and three other states to overturn the $10,000 limit on the federal deduction for state and […]
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What we learned from the Biden, Harris tax returns, according to experts
President Joe Biden and Vice President Kamala Harris after Biden signed H.R. 55, the “Emmett Till Antilynching Act,” in Washingtonon March 29, 2022. Samuel Corum | Bloomberg | Getty Images President Joe Biden and Vice President Kamala Harris have released their 2021 tax returns, and there are a few key takeaways for the average American, experts […]
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Here’s how to choose a health insurance plan that fits your budget and life
Most Americans struggle to figure out which health insurance plan will save them money. It is a process that can be confusing, time-consuming and costly. A study of almost 24,000 employees at a major Fortune 100 company found that 61% of them chose the wrong plan for their needs. The average employee could have saved […]
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Young people are saving money and paying off debt through ‘cash stuffing.’ Here’s how it works
As news of soaring gas prices splashed across headlines, Yasmine Camilla saw her energy bill double “almost overnight.” Filling up the tank now costs 30% to 40% more, she says. But this rising cost of living is something she would never have noticed eight months ago. “I had always just filled up my car when […]
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This 29-year-old makes $400,000 per year and owns 3 properties: ‘5 things I refuse to spend money on’
In 2018, I hit my first six-figure year as a freelance writer on Fiverr, earning nearly $300,000 in revenue writing blogs, press releases and website content for clients. Now, at 29, I have six streams of income — from freelance writing, influencer sponsorships, eBook sales, course sales, ad revenue and affiliate revenue. Last year, I […]
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These states are poised to pass personal finance education legislation this year
Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s momentum for personal finance education becoming law in many states across the country. Even more states could pass legislation this year to make […]
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Soaring inflation is hitting retirement savings hard. Here’s how best to manage yours
Brianajackson | Istock | Getty Images As inflation soars to record highs, retirement savings are feeling the pinch, making it even more important to make sure yours is working for you. U.S. inflation rose 8.5% annually in March to hit a fresh 40-year high as the war in Ukraine pushed up energy costs, the latest […]
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