3 things to do with your tax refund
If a tax refund is coming your way, now’s the time to plan for how you’ll use it.*
The post 3 things to do with your tax refund appeared first on Discover Bank – Banking Topics Blog.
If a tax refund is coming your way, now’s the time to plan for how you’ll use it.*
The post 3 things to do with your tax refund appeared first on Discover Bank – Banking Topics Blog.
One morning just over ten years ago, I had an interesting conversation at the Crossfit gym. I was “rolling out” â using a foam roller to break up tissue â with the usual group of guys, when one of my buddies brought up this new thing called Bitcoin.
“Bitcoin is digital money,” he said. “But it’s completely private and not tied to a government.”
“How does that work?” I asked. From the very first moment I heard about cryptocurrency, it didn’t seem to make any sense. My friend tried to explain. We all chatted about it for a few minutes, and then we lifted heavy weights and/or sweated extensively and/or both of the above.
When I got home, I googled Bitcoin. Nothing I read made any sense to me. I checked the price. My memory is that Bitcoin was selling for $7 or $8 at the time.
Over the past decade, I’ve been bombarded with info about Bitcoin and cryptocurrency. I’ve made an effort to self-educate, to learn why people consider crypto valuable and why they think it’s the future of money. To this day, I still haven’t found an explainer that has actually explained things well enough for me to truly understand.
This 21-minute video from Slidebean has been most effective at helping me grasp the basics of the blockchain and cryptocurrency, but it still didn’t convince me that this stuff was valuable.
https://www.youtube.com/watch?v=sseN7eYMtOc
Despite all of this, I’ve found myself gradually being worn down over time. So many people endorse cryptocurrency, including people who seem to be savvy and smart. Kim’s brother, for instance, is a huge advocate of cryptocurrency. He and his wife have netted tens of thousands of dollars by dabbling in cryptocurrency. (They bought a new SUV with profits from one transaction.)
So, last fall, I succumbed to the mania.
As you know, paying for college can be daunting, which is why weâve created our saving 4 college series. In the previous chapters, we discussed the different ways you can save for college. If you realized in Chapter 4 that an ESA isnât the right fit for you, you might want to consider a 529
The post Chapter 05: What is a 529 College Savings Plan? appeared first on MintLife Blog.
After years of speculation and debates, President Biden finally announced that he’d be fulfilling a campaign promise to cancel some student debt. The plan could bring relief to over 43 million borrowers with an average $30,000 debt outstanding. So, do you qualify for Biden’s student loan forgiveness plan? How much of your debt will be … [Read more…]
41k salary is a solid hourly wage when you think about it. When you get your first job and you are making…
Read More… $41000 a Year is How Much an Hour? Good Salary to Live On?
If you are offered an annual salary, you may want to know how it translates to an hourly wage. Using a simple calculation, it is possible to determine how much someone earns per hour. This blog post explains the calculation using a $35,000 income, including how much you would make per hour, a sample budget, and more.
The post $35K a Year Is How Much an Hour? appeared first on Good Financial Cents®.
Long-term investing can yield big returns, but just because you don’t have decades to give doesn’t mean you can’t put your money to work. We cover the best short term investments that will protect your money and limit your risk, while still helping you reach your goals faster.
The post Best Short-Term Investments For Your Money: Under 5 Years appeared first on Good Financial Cents®.
Readers had some awesome questions after my recent post about after-tax returns. Including, “So Roth is better than Traditional, right?”