Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow labor laws and IRS rules, experts say. Small businesses hiring their own children is a popular topic among social media influencers on platforms such as TikTok, Instagram and YouTube. But tax professionals say they are … Read more
Bachelorette parties are becoming more luxurious and inevitably expensive. Spare a thought for this bridesmaid who was left fuming after she was forced to fork out $650 on a bachelorette party. The 23-year-old woman explained how her male best friend was getting married and he wanted her to be in the bridal party so she … Read more
It’s easy to imagine what you’d buy for yourself if you were a millionaire. When you talk to actual millionaires, though, you realize that no one makes a million dollars — or keeps it — by spending indiscriminately. Make It has spoken with plenty of millionaires over the years and often asks them, “What do … Read more
An Aussie traveller has sparked an intense online debate after revealing a little-known flaw on a $100 note that landed him in hot water. Sharing on a prominent Facebook group, the man explained that he’d recently tried to exchange the cash for local currency in Thailand. However, he claims that the banknote was ”rejected” because … Read more
Ryanjlane | E+ | Getty Images Sometimes, it pays to pay with cash. More merchants are offering a lower price to customers who use cash rather than credit card for a purchase. That means opting for paper over plastic may save you money in some cases. Just how much? Typically, cash discounts run about … Read more
Fatcamera | E+ | Getty Images To understand why women are still fighting to catch up to men economically, author Josie Cox turns to the past. She doesn’t have to look too far back. The Women’s Business Ownership Act, which allowed women to obtain business financing without a male co-signer, didn’t pass until 1988, Cox, … Read more
She may be only eight weeks old — but baby Gia is destined to become a millionaire. Sydney mum Queenie Tan has set up an investment account for her newborn daughter under their family trust. WATCH THE VIDEO ABOVE: How Aussie mum is making her baby a millionaire. Know the news with the 7NEWS app: … Read more
The Saving on a Valuable Education plan is the newest income-driven repayment plan available to federal student loan borrowers, and this summer it’s getting even more affordable. Currently, monthly payments on the SAVE plan are calculated as 10% of borrowers’ discretionary income. That’s the difference between your adjusted gross income and 225% of the federal … Read more
Aleksandarnakic | E+ | Getty Images You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in their company 401(k) plans, in a bid to overcome the inertia that often keeps us from building a nest egg. “Automatic escalation” — or auto-escalation, … Read more
Elena Perova | Istock | Getty Images High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store. “Grocery prices skyrocketed during the pandemic, and in many cases, they’ve kept going up, even though the pandemic is over,” Sen. Elizabeth Warren, D-Mass., said at a Wednesday Senate … Read more
