These days, many people are struggling with high debt balances. Managing these balances can be extremely daunting, and the prospect of paying them off can feel nearly impossible when you consider just your day to day needs alone. However, there are some key actions you can take to ease the burden of debt. Continue reading …
by Elaine Hiro Giving money to charity is an incredible act of compassion and selflessness. It is a tangible way to support individuals and organizations in need. In the United States, charitable contributions have raised nearly $250 billion, a large proportion of which has come from individual contributions. While many people contribute money to charity, not all of …
by Elaine Hiro Saving for retirement is a cornerstone of planning for your financial future. After all, for most people, there comes a point where they will stop working and will therefore need to depend on money that they have set aside over their lifetime to carry them through their years of retirement. Sure, there are other sources …
by Elaine Hiro Nowadays, many employers offer employees access to retirement plans. These plans are an important component when it comes to employees planning for their financial futures. The two main types of retirement plans include defined benefit plans and defined contribution plans, with the latter being more popular in recent years. Pensions are the primary defined benefit …
by Elaine Hiro Many people struggle with high debt balances and, as a result, have collections accounts listed on their credit reports. These collections accounts will typically lower your credit score, the magnitude of which depends on many different factors. People often want easy fixes for complex problems, and one solution that some people are tempted to get …
by Elaine Hiro One of the most hotly contested policy issues in recent years has been around the proposed increase to the federal minimum wage. Currently, the wage is set at $7.25 per hour and has not increased since 2009, but there has been a push to raise this to a $15 federal minimum wage by 2025, with …
by Elaine Hiro Many people can probably relate to the fact that life can be crazy sometimes. When managing our time at work, our time with family, time with friends, and everything in between, it can feel like the list of things to do and places to go is just completely overwhelming. If you can relate to this, …
by Elaine Hiro Many people these days are looking for ways to earn more money and improve their financial stability. A great way to do this is through passive income, which is steady income that requires minimal day-to-day labor to earn. Oftentimes, it involves upfront investment of time, money and energy, and people can enjoy consistent payoffs down …
by Elaine Hiro Many Americans have and are continuing to struggle financially as a result of the COVID-19 pandemic. The federal government has provided stimulus payments and other emergency relief measures to help individuals in need, but many are still struggling. As a result, lawmakers and millions of Americans themselves have been pushing for another round of financial …
by Elaine Hiro The COVID-19 pandemic forced people to limit socialization, and very few people were prepared for just how significant this change would be. A byproduct of this forced isolation is that many Americans ended up saving more money than usual. However, now that pandemic restrictions are easing, many people are itching to get out and spend …
by Elaine Hiro