Most of us have health insurance through our employers. Most companies also offer Flexible Spending Accounts (FSA) that allow you to save money on healthcare expenses. Is an FSA appropriate for you? What is a Flexible Spending Account? You can contribute to an FSA account through deductions from your paycheck. The amount is pre-tax, so …
Should You Sign Up For A Flexible Spending Account? Read More »
Tipping etiquette is confusing and can be awkward when you mess it up. To make it worse, tipping practices are inconsistent and vary across cultures. Tipping also varies based on the quality of service provided. One question most people struggle with is, “Don’t these workers get paid a salary, why should I tip?”. In most …
Everyone runs in financial trouble at some point in time. Whether it’s losing a job or an unexpected illness to a loved one, you are forced to raise cash in a short amount of time. Here are some strategies you can use. 1. Tap into emergency savings Hopefully, you have an emergency fund with 3 …
TV advertisements during the Super Bowl are as much an American tradition as the Super Bowl itself. 30-sec ad spots for 2020 are selling at $5.6 million, more than double the $2.7 million they sold for in 2007. The total cost of a single Super Bowl ad could reach $30 million if we include the …
Herbert Wertheim is probably the last person anyone expected to be on the Forbes’ Billionaires list. He is an optometrist and an inventor. But he became a billionaire by carefully buying and holding stocks for the long term. Forbes has a long profile on the 79-year old. It was an eye-opening article for me on …
Lessons From The Investing Journey Of Optometrist Billionaire Herbert Wertheim Read More »
For 2020, 401(k) limits are going up by $500. This means that you can save $19,500 next year, instead of the $19,000 in 2019. Catch up contributions for those over 50 are going up by $500 to are rising to $6,500. So people over 50 can save $26,000 in their 401(k) accounts. These amounts don’t …
401(k) Contribution Limits Are Going Up By $500 in 2020 Read More »
Credit Card Using a credit card is similar to taking a loan. When your credit card was approved, you are given a certain line of credit. The line of credit you receive is based on your credit history, your income, and your risk profile. You can use your credit card for any amount below your …
Credit Card Vs Debit Card – What Are The Pros And Cons? Read More »
We buy insurance to protect us against the unexpected. Most of us don’t realize that all our insurance policies have dollar limits, and rarely consider the consequences of the insurance we have doesn’t quite cover the liability incurred. Consider this scenario. You get into a car wreck and total another car that happens to be …
Most aspiring day traders imagine trading from a beach or in their underwear. They imagine making millions of dollars in a short amount of time as they have seen in movies and online advertisements. New day traders are told that they can be their own boss. They don’t have to dress up and show up …
Moving into our own house was a special day for me and my wife. We looked forward to having more space in the house, entertaining friends in our big backyard and not having to deal with the landlord. We were also going to build equity in the home slowly with our mortgage payments. A few …
