Category: personal finance

Tips for Saving on Your Commute Amid High Inflation

Gas prices are falling but still higher than they were a year ago. And inflation has made most everything else more expensive. If you’re looking to save money on your commute, here are some tips: If You Have a Car: Make a Driving Strategy AAA recommends avoiding traffic and adjusting your normal route in order…


The Eight Most Overlooked Tax Deductions for Homeowners

Paying taxes is not something anyone likely enjoys, but finding new ways to legally save more money on taxes by claiming new or overlooked tax deductions can make it at least interesting. Owning a home can give you several ways to save on taxes—and there may be some you are not yet claiming—but could. You…


13 States Might Tax Forgiven Student Loans; See If Yours Is Among Them

President Joe Biden’s student loan forgiveness program has sparked a flurry of questions, including its impact on inflation and whether it’s fair to saddle some taxpayers with the burden of paying off others’ debts. Now the Tax Foundation has raised another—will it trigger tax liabilities for beneficiaries of the scheme? Taxpayers will absorb up to…


Record Numbers of US Homeowners Slashed Sales Prices in July, Says Redfin

A record number of home sellers dropped their asking price in July, as the U.S. housing market began to tank rapidly, according to new data from Redfin. July saw the biggest annual decline in U.S. home sales in more than a year. Many buyers have fled the housing market amid high mortgage rates and rising…


Three Things That Could Kill Crypto

Following the drubbing of the crypto markets in June 2022, with Bitcoin and Ethereum prices down nearly 75 percent and 82 percent, respectively, from their all-time highs, many market observers predicted the early death of the crypto industry. Crypto detractors, including regulators and vested interests in the legacy financial system, each used the rout as…


Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 26)

Benchmark U.S. crude oil for October delivery rose 54 cents to $93.06 a barrel Friday. Brent crude for October delivery rose $1.65 to $100.99 a barrel. Wholesale gasoline for September delivery rose 4 cents to $2.85 a gallon. September heating oil rose 6 cents to $4.01 a gallon. September natural gas fell 8 cents to…


How Major US Stock Indexes Fared Friday Aug. 26, 2022

Stocks ended sharply lower after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on rate hikes in its effort to tame inflation. The S&P 500 lost 3.4 percent Friday, its biggest drop in two months, after Jerome Powell said the Fed will likely need to keep interest…


The Savings Game: Readers Ask About Insurance, Spousal Benefits and I Bonds

By Elliot Raphaelson Q: I need help with an insurance policy. I no longer have a local agent to answer my questions. I have an endowment policy, and there is a term on my statement I don’t understand. Specifically, it includes the following: “family endowment at age 85.” What does that mean? I am approaching…


Building Wealth: A Key Step in Hedging Against Inflation

Individuals seeking to build wealth have used a wide variety of methods, strategies and plans. There are tips about what you should do and what to avoid. However, building wealth is more intricate than simply saving money or investing in all the “right” places, whatever that means. Building wealth is a way of living that requires…


APE Stocks: A Clever Way to Raise Funds, but Should You Cash In?

APE, the new preferred share class of the AMC movie theatre chain, began trading on the New York Stock Exchange this week—and it sure is intriguing. In the age of the “meme stock” and Reddit groups manipulating the market, it’s unlikely that this will be the last unorthodox investment scheme we see in the near future….