The Orange County legislature on Dec. 1 unanimously adopted a budget of $897.6 million for next year. The budget is up 8 percent compared with last year, whereas the property tax levy is down $9.6 million. The county can take on a bigger spending plan without raising tax levy largely because of the booming sales taxes,…
25 Ways to Improve Your Financial Situation in 1 Hour
Money is a complex topic, with thousands of books, websites, and podcasts dedicated to covering some aspect of the subject. It can also evoke a strong emotional response. Feelings of embarrassment, shame, frustration, anger, and more can keep people from addressing their financial situation. One solution is to carve up financial strategies into small, simple…
California Faces $25 Billion Budget Deficit, Could Be Worse If Recession Hits
November 17, 2022
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California could face a $25 billion budget deficit in 2023–24, despite raking in a record-setting $98 billion budget surplus this year, according to an analysis that comes days after midterms election, in a state where the Democratic party enjoys a supermajority. “The budget problem is mainly attributable to lower revenue estimates, which are lower than…
Millennial Money: Set Financial Limits for Holiday Visits
For many, visiting family for the winter holidays is a matter of “how,” not “if.” But this year, rising costs could make travel less affordable, especially when paired with other life changes—say, moving cross-country, going to school or getting married. The best way to tame these holiday travel costs? Set financial boundaries with your family…
Millennial Money: When Pinching Pennies Isn’t Enough
Scaling back streaming subscriptions is solid savings advice for some. But what if the choice you’re faced with is not whether to pay for Netflix or Hulu, but whether to pay for food or electricity? Millions of Americans face food, housing, and general financial insecurity every year, according to data from the U.S. Census Bureau…
A $1 Trillion Headache: China’s Local Fiscal Shortfall Poses Broader Growth Risks
BEIJING—By any account, $1 trillion seems huge. That’s the scale of budget shortfalls facing Chinese provinces, reducing their fiscal firepower to fund infrastructure spending and tax cuts, and raising risks for the world’s second-biggest economy in 2023. The timing couldn’t be worse for policymakers in Beijing, as the economy wobbles under the weight of global…
Furnish Your New Place on a Budget
Moving season is almost over. But if you’re one of the many people settling into a new home right now, you might feel like the furniture-buying season is just getting started. And that can get expensive. After paying rent, a security deposit or mortgage down payment—plus all the costs associated with moving—furniture can come as…
5 Tips to Make Your Money Last for the Rest of Your Life
No one likes to think about the end, but when it comes to money, it’s important to plan for retirement with a long-term mindset. Making your money last is something that all retirees and those planning for retirement have to think about. After all, no one wants to run out of money before they die….
Impact of Higher Rates on Couples With Merged Finances
September 10, 2022
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By Erica Sandberg From Bankrate.com Financial matters can be complicated to manage when you’re a couple. If you don’t come together to make decisions about how to handle your combined affairs, conflict can arise. With inflation and interest rates increasing, it’s even more important to make swift and positive choices. And if you’re like many consumers…
Japan’s Record Military Spending Request Set to Boost Budget
TOKYO—Japan’s government ministries have made budget requests totaling $784 billion for the next fiscal year—their second-largest total to date, driven largely by the defense ministry’s request for a rise in spending to record levels. The combined total spending requests made for next year’s budget came to 110.05 trillion yen, the Finance Ministry said on Monday,…
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