by Jamie Cattanach, Whitney HansenThere’s nothing like a bonus to make you feel better about your job. Whether it’s the year-end check that makes holiday shopping a little less stressful or just a reward for your great performance, a bonus is always a welcome windfall.Of course, when you earn money, you almost always have to save some of it for Uncle Sam. So how are bonuses taxed, exactly? Here’s what
by Dana Sitar, CEPF®ContributorThe way people bank, invest and manage money has been changing rapidly over the past few years, and Cash App is one of few platforms that’s been nimble enough to adapt and continue to serve customers’ needs.The app by Block, Inc. (formerly Square, Inc.) — formerly called Square Cash — started as a money transfer app with a particular appeal to communities who are traditionally unbanked or
Real Answers for Life’s Money Challengesby Robin Hartill, CFP®Senior EditorMy husband has worked at the same company for almost 45 years. It’s a small manufacturer that is run by a family. Over the past 20 years, raises have been few and far between (up to eight years if I remember correctly). When he does get a raise, it’s often offset by increases in health insurance contributions and other reductions in benefits. My
by Michael ArchambaultSenior WriterPasswords are frustrating, but security is essential, especially when securing your online finances. Password managers are nifty tools that allow you to create complex passwords without ever needing to remember them.How is that possible, you ask — don’t you need to recall the passwords you create? Not exactly; we’ll explain just how password managers can transform your digital experience into something a whole lot safer with only
by Kari FaberStaff WriterWouldn’t it be nice to rid yourself of those financial black clouds bringing you down? The mounting debt, the sinking credit scores, the rising expenses chipping away at your savings?Of course it would. And it’s definitely possible — with a few smart money moves and tweaks to your spending habits, you can forge a path that will get you going toward a strong financial future.Just because these
by Kent McDillContributorIn a move that could affect hundreds of thousands of people, Amazon is offering to pay even more for college tuition, classes, books and fees for its front-line employees.Amazon employees more than 1 million people in the U.S.The e-commerce giant has been offering a $3,000 annual tuition stipend and has now raised that to $5,250. It’s a generous offer and one that might be best for employees looking
by The Penny Hoarder Staff, Mike BrassfieldWe know how incredibly easy it is to rack up credit card debt.More than 40% of American households carry a credit card balance, with an average balance of more than $6,000, according to a study from the financial data website ValuePenguin. The ongoing pandemic has made it even harder for Americans to avoid going into credit card debt, with 20% increasing their overall debt
by Mike BrassfieldSenior WriterQuitting a job you hate, or one that doesn’t treat you well feels great. Why do you think so many fed-up workers are doing it nowadays? There’s no better feeling than quitting a job, especially if something better lies ahead.Don’t get carried away, though. As tempting as it may be, don’t be that person who tells off your boss and leaves in a huff and then posts
by Timothy MooreContributorThere are some clever culinary ways to use peanut butter that don’t involve spreading it on bread or crackers. Making peanut cookies, smoothies, pies and delicious West African peanut soup are just some.But in a pinch, you can use peanut butter in place of household items that you may have run out of, like shaving cream. In other cases, peanut butter is the best choice for the job,
by Kari FaberStaff WriterYou love your friends and are so happy they’ve found The One.But there’s no shame in feeling a little relieved they all postponed their 2020 nuptials — it meant you weren’t shelling out hundreds or even thousands of dollars on flights, hotels, fancy dresses, tux rentals and gifts.More time for you to save and focus on your own debts!But now that the vaccine rollout is underway and
