Driving for Uber can generate extra income depending on your schedule. Now that more rigs are stacked in North Dakota, more oilfield workers turn to Uber employment amid prices plunge. For instance, Lynn Helms, North Dakota’s top oil regulator, found out that three of his drivers were laid-off oil and gas workers when he recently used Uber. Most Uber full-time drivers in big US cities report earning $600-1200 a week after expenses. The extra income could help these workers during the downturn. (bloomberg.com)
Whole Foods To Attract Shopper by Open Tattoo Parlor Alongside Groceries
As Whole Foods starts to loose customers to other organic-good supermarkets like Kroger and Trader Joe’s, they plan to open tattoo parlor for its new 365 stores alongside groceries. The idea is to attract younger shoppers, the Millennial generation. As more and more people discover Aldi as the place to shop for groceries with rock-bottom prices, it will make business environment harder for Whole Foods. If you buy groceries, would you shop at place solely dedicate to groceries with good prices and fresh items or shop at Whole Foods with tattoo parlor? (latimes.com)
The Magic Number You Need to Retire
J Money over at Budgets Are Sexy urges that you ignore all financial advisors and business marketing regarding how much you need to retire that don’t factor in spending. After all, each of us is unique with different needs and wants. To derive the magic number you need to retire, you should calculate it based on your spending. “At the end of the day it all comes down to your expenses. And without knowing that no one can tell you how much you’ll need to hang up the job when it’s time.” (budgetsaresexy.com)
3 Ways to Make Your Commute More Profitable
The average, one-way daily commute for Americans is 25.5 minutes, or almost six hours in one week. Instead of wasting all these times, Asheley Eneriz on Money Ning suggests you can take advantage of the commute time and “make it more profitable for your brain, budget, and body” using 3 good ways. They are (1) audiobooks and podcasts to finish a book per week, (2) dictate important documents to get ahead in your workplace and (3) meditate and stretch to de-stress that benefits your health. (moneyning.com)
How to Get Ready for Financial Shock
According to the survey from Pew Charitable Trusts, 60% of households had experienced a financial shock in the past 12 months. Even 10% of households earning more than $100,000 a year have no emergency fund. It’s time to start building that emergency savings fund, said Suzanne Woolley at Bloomberg. First, set up an account where you can’t easily get at the money. Use automatic paycheck deductions or account transfers for a set amount of money each month. Or set small goals, like a “dollar per week of the year approach; in week 1, you save $1; in week 13, you save $13; and so on.” You can also contribute to a Roth IRA and use it in case of emergency without penalty. Having six to nine months’ worth of cash in a contingency fund provides a peace of mind against a long list of possible emergencies. (bloomberg.com)
Quick Way to Calculate How Much Life Insurance You Need
Carl Richards in The New York Times shows a quick way to calculate how much life insurance you need by following the 20-20 plan: “First, you have to decide how much life insurance to buy. This is where most people get stuck. You’re not going to get stuck. Just take your income and multiple it by 20. For example, let’s say your income is $50,000. Take $50,000 times 20 and you get $1 million. This is the amount of life insurance coverage you’ll buy. This goes a long way toward replacing the economic loss that will result if you’re no longer around.” Then buy a 20-year term policy for that amount. (nytimes.com)
What’s the Maximum Duration for Unemployment Insurance?
According to the Center on Budget and Policy Priorities, “The unemployment insurance (UI) system helps many people who have lost their jobs by temporarily replacing part of their wages. Workers in most states are eligible for up to 26 weeks of benefits from the regular state-funded unemployment compensation program, although eight states provide fewer weeks and two provide more.” CBPP also shows a map with the maximum number of weeks of benefits currently available in each state. (cbpp.org)
3 Big Financial Mistakes You Must Avoid
Scott Spann on Forbes writes: “While it may be difficult to achieve perfection in our planning, there are things we can do to avoid making the big mistakes.” You can avoid spending decades trying to recover by avoiding these three big financial mistakes:
- Thinking that you don’t need a budget
- Relying on credit card debt to pay for lifestyle choices
- Not paying attention to fees on financial products
“How we choose to manage our personal finances says so much about our life goals, values, and priorities. These financial decisions also demonstrate how we balance living in the moment with the need to plan for future goals.”
How To Avoid Paying Bank and Credit Card Fees
Allan Liwanag writes: “Many people, if not all, swear that fees are among the worst things ever created in the marketplace. Fees are a source of income for businesses, which generally and negatively impact the consumers’ pockets. They sneak up on our bank accounts, credit cards, and other financial products we have. Having said these, the consumers need to take responsibility for incurring these fees, in most cases. This post provides what readers may do to help them avoid paying bank and credit card fees.” Each year consumers pay billions of dollars in avoidable and unnecessary fees. In fact, America’s three biggest banks — JPMorgan Chase, Bank of America and Wells Fargo– made more than $1.1 billion on overdraft fees in the first three months of the year. Smart consumers should learn to avoid paying ATM fees and credit card fees. (thepracticalsaver.com)
Do You Need Renters Insurance?
Jason Butler on Dinks Finance writes: “Once you decide to rent your first apartment or house you have to make a decision whether to get renters insurance or not. Before I get to that answer, I want to explain to you what exactly renters insurance is. Renters insurance is an insurance policy that provides benefits very similar to homeowners insurance. Renters insurance protects the tenant as well as their property. Every renter should have renters insurance.”
Do Unexpected Expenses Derail Your Saving Plan?
Over 70 percent of Americans say they find it hard to save because of expenses they didn’t plan for. Ann Carrns at The New York Times reports that unexpected, but not unusual, expenses thwart efforts to save. She also urges to not let unexpected expenses derail your savings plan. “If unplanned expenses occur so often, can they really be a surprise?” If you own a car, for instance, it will eventually need to be repaired. So you need to build up your emergency fund for rainy days by setting up automatic transfers from checking to savings each month. The old rule of thumb for saving six months of income might be unrealistic for many people. Reasonable goal like one month of income should be enough to cushion many of those “inevitable bumps” in the road and to avoid taking on high-interest debt. (nytimes.com)
An Interview with Andy who Retired at 32
From an interview with the Bill Fold, Alan Lastufka describes how he started out with $30,000 in debt at 25. After selling his share of the business, he was able to retire at 32. At the low point Alan stopped paying his student loans. His life turned around when he learned to manage his personal finance that set him on course toward early retirement. After selling his company in 2014, he paid off his mortgage in full. Without any debts he keeps his living expenses low, about $25,000 per year. Now that the dividend payouts from his investment portfolio total over $36,00 per year, Andy is able to retire at 32. (thebillfold.com)
US Marshals Arresting People for Not Paying Their Federal Student Loans
Believe it or not, US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans. Paul Aker says he was arrested at his home for not paying his $1500 federal student loan. Seven deputy US Marshals showed up at his home with guns and took him to federal court. Overall the US Marshal in Houston serves up to 1500 warrants to people who have failed to pay their federal student loans. With over $1.3 trillion outstanding loans, student loan debt is the second highest form of debt after home mortgages. No doubt there will be many more defaults on federal student loans in upcoming years. (fox26houston.com)
Investing Tips You Wish to Tell Your Younger Self
Drawing from the past investing mistakes, Tim Lemke writes on Wise Bread in an effort to help younger readers about 11 investing tips younger investors can learn. These advice include: “Understand the value of compound returns, familiarize yourself with retirement accounts, stop checking your investments everyday, don’t try to pick stocks, and take all the company match.” Learn from these tips and hopefully you won’t have to tell your younger self the same mistakes. (wisebread.com)
How to Find Your Financial Soul Mate
Ashley Chorpenning writes: “Dating can be extremely challenging and intimidating. It is often forgotten what we truly value in a partner when beginning to date a new person. Finances are the number one taboo topic when it comes to love. How can we eliminate the negative connotation around a financial discussion? How can we educate ourselves and find our financial soul mate?” Financial issues consistently are among the top reasons why marriages fail. Finding your financial soul mate is one of the most important decision you will make in life.(moneygravity.net)
- « Previous Page
- 1
- …
- 51
- 52
- 53
- 54
- 55
- …
- 62
- Next Page »