When you think about reducing your budget, you likely look at eliminating costs such as streaming subscriptions, daily lattes, and dining out. But you can also shrink your budget by paying upfront for everyday expenses.
Many people cover essential costs using monthly installment plans or piecemeal methods. They purchase groceries and toiletries on an as-needed basis rather than in bulk, and they pay insurance premiums and other bills on a month-to-month basis. But you stand to save substantially if you pay in lump sums instead.
The idea is that you should spend money on items and experiences for your own happiness. It may feel good to splurge every now and then, especially when you're feeling down or you've been working hard and want to reward yourself. But if you're not conscientious, treating yourself can quickly get out of hand. There's nothing wrong with spending money on your own enjoyment. In fact, some people see this as a form of self-care.
When you’re faced with an urgent expense, your instinct may be to borrow money wherever you can get it, no matter the interest rate or long-term cost. But the decisions you make in those high-stress situations can have a long-term impact on your financial well-being.
Retirement can be a rich and exciting time in your life — a chance to explore sidelined interests, invest more deeply in your hobbies and travel. It’s also a good time to evaluate your finances and determine how and where you want to live during your retirement years.
The digitization of everything has made modern life sweet. You can book flights, apply for a mortgage, and order groceries from just about anywhere with the help of your smartphone. But carrying out so much of your life online has a downside, too: your sensitive personal data becomes more vulnerable to hackers. Fortunately, personal cybersecurity is easier and more affordable to establish for you and your family than you might think.
It may seem counterintuitive, but working in an office can actually be bad for your financial health. Sure, you're putting in the hours and earning a salary. But how much of what you earn gets spent on commuting costs, daily lattes from your favorite coffee shop, and lunches out with coworkers? Factor in office-appropriate clothes, and you're looking at thousands of dollars a year. When you work from home, you eliminate a lot of those expenses.
The U.S. economy has been expanding for 10 years, and experts say the next recession could come soon. The time to prepare is now, especially with regard to credit card debt. Here’s how you can protect yourself from an inevitable economic downturn.
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If you’re short on cash, you might find yourself deciding between using a credit card or a home equity loan or line of credit (HELOC) to pay for renovation expenses. Here’s how they compare.
Facial recognition is a multi-billion dollar business in China, not to mention a key component of the government’s sprawling surveillance ambitions. The New York Times reported in late July that investors collectively poured more than a billion dollars into the Chinese companies SenseTime and Megvii, both of which are leaders in facial recognition and artificial intelligence (AI).
As fintech’s booming investments indicate, these companies aren’t just disrupting the financial industry. They are offering solutions to address a range of pain points that non-financial businesses encounter every day. From lending to risk management, here is how fintechs could bolster your company.
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One big question homeowners are asking this year is whether interest on a home equity loan is still tax deductible under the new tax law. The answer is yes, but there are more limitations than in previous years. The Tax Cut and Jobs Act was passed in 2017, but this is the first year homeowners will be applying the new rules to pay their taxes.