Category: budgeting

You’d Be Surprised Who’s Driving Uber

Ridesharing has become a big business. As of 2021, the industry’s market value was $85.8 billion. And in 2022, 36 percent of Americans had used rideshare services. The big gun of ridesharing is Uber. It has 93 million monthly active users compared to Lyft’s 18.6 million. But when you’re ordering your Uber, do you ever…


A Guide to Using a Family Wealth Office

In today’s world of economic uncertainty, managing your finances can seem like a daunting task. Shifts in the market and inflation are making it harder to make ends meet for millions of people. Heck, even buying eggs has become financially complicated this year. Being in charge of a business during this time takes a team…


Retirement: When Your Second Act is Becoming an Independent Contractor

By Yvette C. Hammett From Kiplinger’s Personal Finance There is a learning curve for those retiring from typical employment to join the world of independent contracting because you’ll now be your own boss. Here are some steps to get you started. Come up with a business plan. As an independent contractor, you’ll need one, according…


Looking for a Student Loan Interest Deduction? You May Still Qualify

During the pandemic, students who had government student loans did not need to make any loan repayments. The interest was also stopped from accumulating, beginning Mar. 13, 2020. At the same time, borrowers were able to deduct interest paid on their loans up to $2,500 per year from their taxes. Last year, President Joe Biden…


Do Discount Phones Have the Same Coverage?

Americans spend millions of dollars on cell phones. A cell phone can be a significant investment, from buying the phone to going on a plan. Saving money on a sale phone plan is most people’s goal. And one option is to go with a discount plan. But do those inexpensive plans have the same coverage…


What Mortgage Company Changes Mean for Your Home Loan

It’s been a bumpy ride for mortgage companies lately. Some lenders have gone out of business, merged with other companies or narrowed their focus. And more changes are likely in 2023. What does all this mean for borrowers? Here are answers to common questions, whether you’re shopping for a mortgage or paying off a home…



Retirement Income Distribution Strategies

During pre-retirement, most people are in saving mode. They’re putting away as much money as they can before leaving the workforce. Sitting down with financial advisors to develop an accumulation strategy is paramount. But that’s not the only financial strategy that should be devised. Retirement income distribution should be part of the strategy. Taking funds…


Millennial Money: 6 Ways to Move out of Your Parents’ House

Nearly a quarter of millennials (22 percent) are living with their parents, and more than half of those living with them (55 percent) made the move in 2022, according to a December survey from PropertyManagement.com. Many said they’re back home due to high rent, money concerns or job losses—and 9 in 10 say they would…


States Pass Pay Transparency Laws—Will Productivity Diminish?

Washington and California passed laws requiring companies to post salary ranges on job listings. New York passed a similar last year. The goal is to help reduce wage gaps and make a more level playing field for employees. And with pay transparency laws becoming a hot topic in business, questions by both employers and employees…