Articles about Finances

Money

What you should know before you combine finances after marriage

Sorry to interrupt your newlywed bliss, lovebirds, but here's a PSA: Before you say "I do," you should not just talk about your personal commitment to your loved one, but also to money. As you start to merge your life with your chosen partner, it's important to discuss if and how you are going to merge bank accounts.

News

Millennials still getting mom and dad to pay for rent and phone bills

Just because you're an adult doesn't mean you're independent. Even after they become fully-fledged adults, many Millennials still rely on their parents' money to get by.

News

Survey: The 10 most expensive American cities to get married in

And the most expensive American city to get married in is ... you guessed it: New York, according to the 2018 Newlywed Report by WeddingWire.

News

Survey: Millennials are really terrible at tipping

Don't expect to get a generous tip from a Millennial — they are the stingiest tippers in America, according to a new survey of 1,000 adults from Creditcards.com.

The Whole Human

Inversion: The billionaire thinking skill you were never taught in school

Here’s what you need to know about inversion and how to apply it in your life to solve difficult problems easier, improve your decision-making and innovate better ideas.

Personal Finance

6 ways to treat your time like money (and reap the benefits)

if we actually treated our time the way we treat our money – as a thing of great value that we trade for the sustaining and comforting things of life — we might find more value in those “unproductive” periods.

Personal Finance

The schools with the highest return on investment in every state

The average return on investment for all 50 schools (plus Washington DC) is an eye-popping $595,000, and the average loan amount is just under $29,000. That means that, on average, going to a high-value school gives you roughly 20x return on your money. Try getting that in the stock market.

Personal Finance

The metro areas in America where it pays to be a commuter

For every city and metro area, the math breaks down a little bit differently. In some city centers, the cost of living is not much higher than the outlying metro area while some outlying metro areas have excellent commute options.

News

The average Millennial expects to become a millionaire at some point and retire at age 56

The average Millennial says they expect to reach millionaire status at some point in their lifetime (47%  don't think they'll reach millionaire status at all, and 4% say they already have) and 56 is the average age that they expect to retire from the workforce.

Personal Finance

How to answer the salary expectation question in online job applications

What are your salary expectations? This is the minefield every job seeker must navigate carefully. But what if you are at the beginning of your job hunt and are asked while filling out a job application on a website?

Personal Finance

12 high-paying side jobs you can do in your free time

If you’re looking to earn some extra money, gain experience in a new field or industry, fill some free time, or find a summer gig, side jobs can fill all of these wishes.

News

Survey: 50% of Americans not taking a summer vacation this year ‘can’t afford it’

While workers in certain cities tend to check in with work the most while on vacation, some don’t even make it to this point.

News

Survey: 8% never plan to retire and 61% ‘don’t know’ how much money they’ll need

While research has found that 21% of American adults have nothing saved for retirement, new findings show that the Golden Years aren’t in the cards for everyone, and many aren’t even sure how much they’ll need to get there.

News

New CDC data reveals which Americans are shacking up together

Moving in with someone is a choice some of us make for the adventure of love or for the convenience of splitting a rent check. Now, new data from U.S. Centers for Disease Control and Prevention has given us a fuller look into which couples are cohabitating together and why.

Personal Finance

The best (and worst) states for teacher’s wages

We collected figures for teachers at all three levels (elementary, middle and high school) to create three color-coded heat maps of earnings and we calculated the average between elementary, middle and high school teachers to create a Top 10 list of states where teachers earn the most.

Personal Finance

The cities where housing costs as a percent of income are highest (and lowest)

Millions of American families struggle to pay mortgage payments. According to U.S. Census Bureau data, nearly 7 million American households were severely housing cost-burdened in 2016, meaning they spent over 50% of their income on housing costs.

Personal Finance

How many hours you need to work to pay a mortgage in different cities

Many people define The American Dream as owning your own home, not to mention a comfortable lifestyle, healthy children, and a secure retirement. But the ability to afford a home — let alone all those other things — depends entirely on where you live and your level of income.

News

How employers’ time-tracking systems steal from your salary

Nowadays, many employers rely on digital time-tracking software to monitor when employees are working. It may be more efficient than the punch clocks of yore, but a new study published in American Business Law Journal found that it contributes to wage theft.

Personal Finance

How your take-home pay compares to workers around the world

Tax season has finally come and gone, and by now most Americans have either gotten their refund or established a payment plan for taxes owed to the government. Here’s a nice thought experiment: go back and look at your tax return to figure out how much money the government claims through all forms of taxation. How does your own situation compare to the rest of the world?

Personal Finance

The answer to ‘What is the single most effective piece of financial advice you’ve ever received?’

One colleague gave me the most effective piece of financial advice, look at the fund's Expense Ratio. The expense ratio does not include the cost of buying a fund. This expense is referred to the sales load fee, and is a one-time event.

Finances

How to deal with your significant other losing their job

When my husband lost his supposedly stable job (just a casual two months before our wedding), we went through one of the roughest patches of our relationship — most of it being my fault.

Personal Finance

Survey: 21% of adults have nothing saved for retirement

You may have grown up hearing that you should save for retirement as soon as possible, but new data shows that some people haven't actually put this advice into practice.

News

Survey: You need $2.4 million to be considered ‘wealthy’ in America

Just how much money do you have to be to be considered "wealthy" in America? Recent findings from Charles Schwab’s 2018 Modern Wealth Index pinpoint the number at $2.4 million on average. Respondents said that $1.4 million is needed to be considered "financially comfortable."

News

Survey: More women are paying alimony and child support

In the eyes of the law, alimony payments are becoming a gender-neutral space. As more women become the primary wage earners of their household, this means that women are no longer off the hook from financially supporting their ex.

Personal Finance

By 35, you apparently need to have twice your salary saved for retirement

Hope you've been saving since your nascent twenties because the number listed is not pocket change. Fidelity Investments experts said you need to have a year's worth of your salary saved by 30. By 35, that number needs to jump to double your salary.