It is estimated that over 100 million consumers were carrying some form of credit card debt when COVID-19 became a worldwide pandemic. Approximately 60% of credit card holders carry debt month-to-month. But with unemployment numbers soaring, getting out of credit card debt may become increasingly difficult. Banks are beginning to become nervous and are tightening their [...]
Having an emergency fund is an important piece of a financial plan. Never has that piece been more important than it is now. But how do you build such a fund with the crisis that exists around us? Here are 9 paths to get there: Vision board. Create a visual plan that is attainable and is [...]
Our entire financial landscape has changed over the last couple of weeks as the Coronavirus has brought our economy to a screeching halt. But with all these changes, there are some temporary measures that have been implemented to help you and your family stay afloat. Here are three: Deferred payments. Many utility companies have announced that [...]
As the events of the past few days have shown us, life can be extremely unpredictable. This inevitably affects our finances as life seems to spiral at times. This is a prime example of the importance of an emergency fund. An emergency fund is a financial safety net that is used to cover unplanned expenses so [...]
This video was published by the IRS. Do you own a vacation home you sometimes rent to others? If so, there are rules on recording your rental income and expenses. For example, if you rent out your vacation home only for a short time - fewer than 15 days a year - you may not [...]
