Allowances are for kids — not your spouse

Allowances are for kids — not your spouse

Simpleimages | Moment | Getty Images You don’t have to scroll far to find the #tradwives and #SAHGs (stay-at-home girlfriends) of social media who glamorize the extremes of domesticity, or the wives in Dubai who film their extravagant errands, such as picking up a Cartier bracelet and stopping for a facial on the way home. … Read more

Biden to forgive $7.4 billion in student debt for 277,000 borrowers

Biden to forgive .4 billion in student debt for 277,000 borrowers

U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | AP Here is who benefits from this round of forgiveness In this round of forgiveness, more than 206,000 borrowers will collectively get $3.6 billion in debt erased … Read more

Students earning college degrees notched steepest decline on record

Students earning college degrees notched steepest decline on record

College degree earners fall by nearly 3% For the second year in a row, the number of students earning an undergraduate degree declined, according to a recent report by the National Student Clearinghouse Research Center. Overall, undergraduate degree earners fell by nearly 3% in the 2022-23 academic year — the steepest decline ever recorded, the … Read more

Here’s what to do if you can’t pay your taxes by the deadline

Here’s what to do if you can’t pay your taxes by the deadline

File your return by April 15 even if you can’t pay If you can’t cover your taxes in full, you should still file your return by April 15 and pay what you can, according to the IRS. Here’s why: “Your interest and penalties are compounding quicker” if you owe taxes and don’t file, said Eric … Read more

90% of qualifying EV buyers get $7,500 tax credit as upfront payment

90% of qualifying EV buyers get ,500 tax credit as upfront payment

Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data.   About 90% of consumers who qualify for a “new clean vehicle” tax credit — … Read more

NIL-era college athletes navigate new realm of financial literacy

NIL-era college athletes navigate new realm of financial literacy

Caitlin Clark of the Iowa Hawkeyes waves to the crowd during senior day festivities after the match-up against the Ohio State Buckeyes at Carver-Hawkeye Arena on March 3, 2024 in Iowa City, Iowa. Matthew Holst | Getty Images Sport | Getty Images Three years after three little letters revolutionized collegiate sports, a billion-dollar industry is … Read more

The first quarter estimated tax deadline for 2024 is April 15

The first quarter estimated tax deadline for 2024 is April 15

If you’re racing to file taxes, you could miss another key deadline — the April 15 due date for first-quarter estimated tax payments. Estimated tax payments typically apply to earnings from gig economy work, freelancing, small business, retirement or investing, which may have no tax withholdings. If you expect to owe at least $1,000 in … Read more

Simple way Australians are saving hundreds of dollars a month amid cost-of-living crisis

Simple way Australians are saving hundreds of dollars a month amid cost-of-living crisis

Australians are doubling down on careful cut backs to save hundreds of dollars a month as cost-of-living expenses continue to bite. Consumers are focused on “smarter spending”, with half of Australians spending less on eating out at restaurants and treats such as coffees and snacks, according to new NAB consumer sentiment data. Almost half, 49 … Read more

3 money habits you can start right away to begin building wealth

3 money habits you can start right away to begin building wealth

“Save three to six months’ worth of expenses for emergencies.” “Never put less than a 20% down payment on a house.” “Make sure you have at least $1 million saved to retire.” Americans are inundated with well-meaning financial advice that’s easier said than done. The trouble is, when the benchmark for success is so high, … Read more

Here’s the inflation breakdown for March 2024 — in one chart

Here’s the inflation breakdown for March 2024 — in one chart

Eric Thayer/Bloomberg via Getty Images Inflation jumped in March as prices for consumer staples such as gasoline edged higher and those for housing remained stubbornly high, suggesting inflation may be a bit stickier than it seemed just a few months ago, economists said. The consumer price index, a key inflation gauge, rose 3.5% in March … Read more