Personal Finance : Business & Finance
Creating a budget and spending less each month takes commitment. Small impulse buys add up, and in the long run, can be costly. In order to live frugally, you'll need some creativity and flexibility. For example, in Pasadena, California, the Dervaes family lives almost entirely on their one-fifth ac
Debit cards resemble credit cards but work like checks. They make it convenient to shop without carrying large amounts of cash or a checkbook with you. They offer an advantage over credit cards because you only spend the cash you have in the bank rather than going into debt to make purchases. Often
When Congress approved and President Franklin D. Roosevelt signed the Social Security Act of 1935 into law, participation in the system was deemed compulsory. Section 801 of the original act mandated collection of taxes from employees and employers to pay for the act's provisions, which included pro
EffectsWhen you borrow money there is always cost associated with the loan. The cost is expressed in the form of an annual percentage rate, (APR). The higher your APR the more you pay in finance charges. The annual percentage rate you receive is based on your credit worthiness. If you...
When you become too disabled to work, you will find yourself eligible for two types of benefits: unemployment and Supplemental Security Income disability benefits. However, one of the requirements to receive unemployment benefits is that you need to be seeking work and one of the requirements to rec
Savings accounts pay interest on deposited money. Interest compensates you for the opportunity cost of saving or the other investments or purchases you could have made with the same money. The interest rate refers to the percentage of your balance that is paid to you, usually each month.
Unemployment benefits only last for so long. Your claim is limited by your benefit year and the maximum benefit amount awarded to you by the state. After you run out of benefits, you can collect unemployment extensions if available. Then you can refile your claim to see if you qualify for another ye
Real estate transfer tax is paid when property changes hands. Thirty-five states impose such a tax. If you create a trust in which you remain in control of the property, it is generally exempt from transfer tax. If you were to create a trust in which someone else took control and benefit of the prop
The 16th Amendment to the U.S. Constitution authorized Congress to levy a tax on income, but the definition of exactly what is income may at times be imprecise. The Internal Revenue Service breaks income down into two categories, taxable income and non-taxable income. Taxable income includes such co
If you are on the brink of filing for a foreclosure then you have to be prepared for all of the possible consequences that it will bring. Foreclosure is something that no one wants to ...
Walgreens, founded in 1901, is one of the United States’ oldest drugstore chains. With over 6,000 stores nationwide, five million consumers visit Walgreens on a daily basis. One of the many reasons that consumers choose Walgreens is because of the bargains available through the Walgreens Ea
Credit inquiries come from a number of sources. An inquiry appears any time you apply for a new credit card, a car loan or a mortgage or even rent an apartment. Too many inquiries can lower your credit score, but they do fall off your credit report with time.
A safe deposit box is a metal container, normally fireproof, that is used to store personal property at a bank. Cash, jewelry and important documents such as wills are frequently stored in deposit boxes so that they will be more secure than they would be at home. If the bank happens to fail, deposit
The United States Marine Corps prides itself on being "one of the most elite fighting forces in the world," according to Military.com. Besides the honor and respect earned by "leathernecks" who undergo strenuous training, U.S. Marines receive tax-free housing and food allowances in addition to their
Like all debt, IRS bills eventually become noncollectable, but not paying your tax debt could haunt you for the rest of your life and cost much more than what you owe the federal government. Most bad items eventually leave your credit report, but you can probably never wait out federal tax debt.
A sparse bundle is a type of disk image used by the Disk Utility application in Mac OS X. One of the most common uses of a sparse bundle is for Time Machine backups. The operating system creates a sparse bundle that contains the entire contents of the backup. If you've previously reduced the size of