Category: personal finance

UK Chancellor Defends Decision to Raise Taxes for UK’s ‘Squeezed Middle’

The UK’s Chancellor of the Exchequer, Jeremy Hunt, has defended his decision to raise £25 billion ($30 billion) by raising taxes amid claims by some economists that it would hurt middle-income earners, the so-called “squeezed middle.” Hunt was criticised by former Business Secretary Jacob Rees-Mogg, who said he had taken the “easy option” and should have…


Biden Admin Rolls out ‘Easier’ Process for Student Loan Borrowers to Discharge Debt in Bankruptcy

The Department of Justice on Nov. 17 announced a new process that it says will make it easier for individuals struggling with their student loan debt to discharge it in bankruptcy. “The new process will help ensure consistent treatment of the discharge of federal student loans, reduce the burden on borrowers of pursuing such proceedings and…


10 Websites That Are 100% FREE; Start Making $100—$1,000 Today

Are you looking to bring in some extra money right now? With life getting more expensive daily due to soaring inflation, we’re all feeling the pain in our bank accounts. As tempting as it is to get frustrated by the rising prices, the best action that we can take right now is to focus on…


Closing Prices for Crude Oil, Gold and Other Commodities (Nov. 17)

Benchmark U.S. crude oil for December delivery fell $3.95 to $81.64 a barrel Thursday. Brent crude for January delivery fell $3.08 to $89.78 a barrel. Wholesale gasoline for December delivery fell 6 cents to $2.45 a gallon. December heating oil fell 9 cents to $3.52 a gallon. December natural gas rose 17 cents to $6.37…


A Tax Credit to Reduce Health Care Premiums

By Joy Taylor From Kiplinger’s Personal Finance Question: I’m purchasing health care coverage through my state’s exchange and wonder if I’ll be eligible for a tax credit that reduces my premium. Who qualifies for it? Answer: The premium tax credit is available to eligible individuals who buy health insurance through an exchange. More people qualify…


Surging Mortgage Rates Could Drive Home Prices Down 20 Percent: Dallas Fed

Surging mortgage rates are now threatening to drive U.S. home prices down as much as 20 percent, according to a new study. Many prospective buyers have been pushed out of the market due to rising home prices and higher mortgage rates. The sharp rise in mortgage rates this year “boost the odds of a severe…


New Measure of Inflation Expectations Jumps to Record High as Americans Brace for Even Higher Prices

A weekly measure of inflation launched in February last year has surged to a record high, and is predicting a tougher inflationary environment for American consumers ahead. The Indirect Consumer Inflation Expectations (ICIE) is a joint effort between economists from the Federal Reserve Bank of Cleveland and Morning Consult. It asks survey participants how their…


How to Negotiate a Better Salary

Asking for a bigger salary isn’t the most comfortable situation for most people. Whether you’re interviewing for that dream job or have been employed at the same place for years, this is true. But if you know your skills are worth more money, asking for it is perfectly acceptable. But despite what you bring to…


Which Skills Do Financial Analysts Need?

The financial services industry holds a plethora of career options anywhere in the world, and not just restricted to Wall Street. Both public and private sectors have a significant demand for skilled and experienced professionals in fields such as investment banking, insurance, and quantitative analysis. Such types of work provide comparably high salaries and incentives….


Sometimes You Gotta Bite the Bullet

In a recent poll at my Everyday Cheapskate website, I asked: What would you do with an unexpected windfall of $10,000? Responses ranged from saving every penny to giving all of it away to using it to get caught up on bills. This got me thinking: What fascinating answer would I get if I changed…