As the cost of living remains high, 62% of Americans now say they live paycheck to paycheck, according to a recent report. Several people have found a hustle to make ends meet. This is also a good time to make a few important changes to your spending and savings plan, says one expert. It will …
62% of Americans live paycheck to paycheck amid inflation Read More »
Women tend to put other people’s needs before their own, and that hurts them financially, said personal finance expert Suze Orman. How willing you are to answer the five questions can be a financial red flag, Orman said. Plus, here are three priorities that Orman says should be at the top of everyone’s to-do lists. …
How women answer 5 questions could be a red flag for finances: Suze Orman Read More »
Natalie asks: My fiancé and I bought our house in December 2021 and had a fixed interest rate for two years of 2.59 per cent. With the steady increase in rates, he says our repayments will go back up to about $5,000 a month in December and I’m freaking out! He makes $115,000 a year …
Barefoot Investor: What to do when the fixed interest period on your home loan expires Read More »
The IRS plans to tax non-fungible tokens as collectibles, the agency said in a statement Monday. Collectibles have a top long-term capital gain of 28%. Other assets such as stocks and cryptocurrency generally carry a maximum 20% federal interest rate. NFTs are digital assets that grew in popularity in recent years, although investor enthusiasm waned …
Recent banking problems have made an economic downturn more possible, experts say. If you’re worried about how a recession might affect you, advisers say, now’s a good time to stress test your finances. With expectations of a recession already in the forecast for 2023, the recent failures of Silicon Valley Bank and Signature Bank have …
How to stress test your income amid growing recession fears Read More »
Joe Raedle | Getty Images Adjustable rate mortgages (ARMs) tend to become more popular as interest rates rise and borrowers look for ways to save on interest. As mortgage rates hit historic lows in 2021, ARMs accounted for less than 2% of mortgage applications. As interest rates rose in 2022, the share of ARM loan …
Adjustable rate mortgages are becoming more popular with rising interest rates Read More »
