Category: personal finance

15 Facts You Never Knew About Life Insurance

Putting money aside for retirement and building a nest egg is crucial for the financial security of you and your family. After all, if you suddenly were unable to support your family, what would they do? 1. It’s part of a sound financial plan  If anyone financially relies on you, then life insurance should be…


Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 18)

Benchmark U.S. crude oil for September delivery rose $2.39 to $90.50 a barrel Thursday. Brent crude for October delivery rose $2.94 to $96.59 a barrel. Wholesale gasoline for September delivery rose 10 cents to $3.03 a gallon. September heating oil rose 3 cents to $3.65 a gallon. September natural gas fell 5 cents to $9.19…


How Major US Stock Indexes Fared Thursday Aug. 18, 2022

Stocks ended modestly higher on Wall Street after another day of choppy trading. The S&P 500 rose 0.2 percent Thursday, putting it just barely back into the green for the week. The Dow Jones Industrial Average ended a touch higher. The Nasdaq also rose as technology companies gained ground. Cisco Systems rose after turning in…


Retirement Savings: When and How to Start?

“After climbing the mountain you can finally enjoy the view”—Anonymous From our 20s till the late 60s, we climb a mountain full of professional responsibilities, family responsibilities, struggles and challenges. Oftentimes, we feel tired and no longer feel the zeal to continue. But, the view at the top of the mountain flickers in front of our…


Do You Really Need Six Months’ of Expenses in Your Emergency Fund?

The first half of 2022 has not been great. Inflation has hit a 40-year high, experts are predicting a recession, and buying a home doesn’t appear to be getting less expensive any time soon. Naturally, people are preparing for the worst, and many consider the country to be sitting on the precipice of a recession….


Inflation Sends Car Ownership Costs Soaring to Over $10,000 a Year: AAA

Owning and operating a new car has become increasingly more expensive over the last year, driven predominantly by inflation and rising fuel prices, according to the American Automobile Association’s (AAA’s) annual “Your Driving Costs” report. The overall average cost to own and operate a new car in 2022 is $10,728 on an annual basis, or $894…


Inflation Sends Car Ownership Costs Soaring Above $10,000 a Year: AAA

Owning and operating a new vehicle has become increasingly more expensive over the past year, driven predominantly by inflation and rising fuel prices, according to AAA’s annual “Your Driving Costs” report. The overall average cost to own and operate a new automobile in 2022 is $10,728 on an annual basis, or $894 per month; that’s a…


Severance Pay: All You Need to Know About Severance Package

How many of you acknowledge that it is legal for you to negotiate compensation and benefits after you leave an employer? Some job seekers may understand how to negotiate compensation and benefits when they are employed, but they may be unaware that they may do so after they leave an employer. Most firms provide a…


How Major US Stock Indexes Fared Wednesday Aug. 17, 2022

Stocks closed lower on Wall Street, led by drops in big technology companies and erasing the S&P 500′s gains for the week. The S&P 500 fell 0.7 percent Wednesday, while the Dow Jones Industrial Average and the Nasdaq also fell. Small-company stocks fell more than the rest of the market. Wall Street was absorbing a…


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

Benchmark U.S. crude oil for September delivery rose $1.58 to $88.11 a barrel Wednesday. Brent crude for October delivery rose $1.31 to $93.65 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.93 a gallon. September heating oil rose 14 cents to $3.62 a gallon. September natural gas fell 9 cents to $9.24…