Person signing a contract

Article Summary: During your search for a home, you may discover properties that are “under contract.” This means that another buyer has made an offer and the seller has accepted. Several steps must be taken before such loans close. During this time, the sales may fall through and the homes become available again. Home hunting […]

how to avoid a wage garnishment

If you’re wondering “how much do I owe the IRS?” you’re not alone. In 2018, Americans owed more than $128.2 billion in back taxes. But this includes penalties and interest, and few people are good at keeping a running balance of their total tax debt. That same year, the IRS assessed $13 billion in additional […]

average cost of coronavirus treatment

$9,763 Estimated cost of a severe case of COVID-19 without major complications. As the Coronavirus (COVID-19) continues to spread throughout the U.S. and people receive treatment, medical bills mount. Depending on the severity of the virus, treatment can be expensive. Here is what we know about the medical cost of treating a severe case of […]

how are realtors paid

If you’re buying or selling a home, you may wonder about additional costs beyond the price. The question many people ask is, “how do realtors get paid?” If you’re a homebuyer, you can relax, because buyers usually don’t pay realtor fees. It’s generally the responsibility of home sellers to pay realtor fees. So if you’re […]

do I need excess flood insurance

$250,000 The maximum claim for damages to residential property with a regular flood insurance policy. for damages to residential property If you live in a flood-prone area and have standard flood insurance, the coverage may not be enough. You may need excess flood coverage. And you’ll want to figure it out before a flood occurs—doing so […]

IRS tax preparer penalties

140 Reasons the IRS can charge you a penalty. Last year, the IRS collected more than $3.4 trillion from taxpayers. Part of that total consisted of more than $11 billion in penalties on individual, trust, and estate income tax returns. [Source] The $11 billion didn’t include penalties on early distributions to IRAs. In fact, there […]

What are origination fees? Find out how much they are costing you and how to reduce them.

Average loan origination fees by loan type Mortgages 0.5% – 1%. Auto loans 0% – 2%. Student loans 0% – 4%. Personal loans 1% – 6%. Small business loans 1% – 6%. Interest rates are often the first thing people look at when applying for a loan. And while it’s important to know how much you’ll pay in interest, there’s […]

what is covered in flood insurance

If your home is involved in a flood, you may find comfort in having homeowners insurance. But don’t lull yourself into a false sense of security. Insurance and risk management expert, Matthew Struck, says, “Standard insurance doesn’t cover flood damage at all. Many homeowners are stunned to discover this fact when their homes are flooded.” Struck adds, […]

Are Home Improvement Loans Tax Deductible?

Looking to spruce up your digs with a little remodeling? You’re part of a growing trend. If you’re planning on taking out a loan to help fund a home improvement project, you’ll be happy to know that you may also be able to score some tax savings. In certain situations, home improvement loans are tax […]


If you’re considering a private student loan to finance your education, check out credit union student loans. Unlike traditional banks, credit unions are nonprofit organizations, which could mean a lower interest rate for you. According to financial aid expert Carol Stack, co-author of The Financial Aid Handbook: Getting the Education You Want for the Price […]

make some extra cash with these side jobs

Interested in starting a personal business in addition to your day job? It’s easier than ever before to work full time and get a 1099. 7.5 million The number of people who held multiple jobs as of November 2017 (Source: Bureau of Labor Statistics). For many people, working a side hustle job is a way […]

2018 tax reform new tax rates

The votes are in, and we have a new tax system. The sweeping $1.5 trillion 2018 tax reform spearheaded by the Trump Administration changed taxes dramatically for the first time in three decades. The aim of the Tax Cuts and Jobs Act is to provide individuals and families of various income levels “broad tax relief.” […]

Afford a funeral average funeral costs

Losing a loved one is hard enough. The last thing you need is to find out you can’t afford their funeral costs. Funerals are expensive, and expenses can feel like an impossible burden when added to the weight of grief and loss. Fortunately, there are ways to lessen these costs. Read on to learn how to […]

Funeral planning assitance

When a loved one dies, planning the funeral is a big financial responsibility. If you’re in charge of coordinating final arrangements, the task can feel like a great burden. According to Matt Schmidt, owner of Burial Insurance Pro, funeral expenses add up quickly. “The average cost of a funeral will vary, depending on the wishes […]

when is debt settlement a good idea -- bankruptcy get rid of tax debt

Are you struggling with tax debt and facing bankruptcy? If so, you are probably wondering “does bankruptcy clear tax debt? The good news is bankruptcy can sometimes clear tax debt. However, you must meet some very specific requirements. Here’s what you need to know. There are two main types of bankruptcy in the United States […]

Get out of tax debt strategies

Tax returns filed by Americans every year serve as the income of the nation. Taxes paid by each of us are our contribution to this revenue. The Internal Revenue Service (IRS) is the office charged with all tax issues, including tax debt. If you owe Uncle Sam back taxes, you’re certainly not alone. There’s a significant […]

how to start a food truck busines

If you’ve thought about running your own restaurant, but the cost was prohibitive, consider starting a food truck business. For a fraction of the cost of a full-fledged restaurant, you can become the proud owner of a mobile eatery. $870 million The food service industry generates $870 million a year According to market research company […]

smart money moves

It used to be if you wanted to live the “American Dream,” you went out and got a full-time job. That dream is changing. 39% to 44% of millenials have side jobs. According to a survey by ReportLinker, while 77% of the U.S. working population is full-time, more than 8% of employees have left full-time […]