Being asked to be an executor is an honor you might want to pass up. Settling an estate typically involves tracking down and appraising assets, paying bills and creditors, filing final tax returns and distributing whatever's left to the heirs. At best, the process is time-consuming.
by: NerdWallet, via Nexstar Media Wire Posted: / Updated: ( NerdWallet) - Where would you live if you could work from anywhere? The idea of geographic independence had remained just that for many workers - an idea - until the pandemic offered an opportunity to try it in action. Many U.S.
Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who've recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print.
The approaching tax season is raising fresh questions for business owners who received a loan through the Paycheck Protection Program. Can you deduct expenses paid with your loan funds? Do you need to do anything differently this year? And if your loan is forgiven, is it considered taxable income?
You and your significant other probably won't go out for a romantic dinner this Valentine's Day, so why not do the next best thing? Light a few candles, pour some wine - and download a budget app. In fact, there are specific budget apps for couples that help you learn more about each other's expenses, debts and investments.
A singular crisis has led to extraordinary relief options for borrowers. Interest and payments have been paused on federal student loans. Homeowners can request nearly a year of mortgage forbearance. Credit card issuers and other lenders dramatically expanded hardship programs. Still, many Americans say they took on more debt last year because of the pandemic, according to NerdWallet's household debt survey.
Choosing the right credit card can be difficult, especially if you have poor credit or are new to credit cards entirely. Being aware of these credit card warning signs can help you weed out the bad options and potentially save you money.
Nothing sparks procrastination quite like a to-do list of financial tasks. Sometimes the only thing scarier than making a financial choice in the first place is making the wrong choice, which can happen when you don't totally understand what you're doing. In that sense, the default - standing pat - is often easiest.
This article was first published on NerdWallet.com . Congress just gave your employer a good reason to help pay off your student loans. And unlike many student loan relief programs, this one includes private loans.
This article was first published on NerdWallet.com . You and your significant other probably won't go out for a romantic dinner this Valentine's Day, so why not do the next best thing? Light a few candles, pour some wine - and download a budget app.
According to an October 2020 survey from NerdWallet conducted by The Harris Poll, 45% of Americans with federal student loans of their own weren't confident they'd be able to afford their loan payments when the payment freeze was scheduled to end last December.
If you became a gig worker during the pandemic, beware: Your taxes just got more complicated. Gig work - Uber driving, Instacart shopping, Amazon Flex delivery and so on - is on-demand, freelance work that's typically taxed as self-employment.
This article was first published on NerdWallet.com . This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. During my seven years as a financial advisor, I often had two-hour phone calls with clients.
Credit cards are a convenient way to pay for something, but historically they've lacked flexible or inexpensive ways to access your credit line beyond making purchases. Traditionally, one of the only other ways to tap your credit line for money has been a cash advance, which usually comes with a sky-high interest rate and expensive fees.
Credit cards are a convenient way to pay for something, but historically they've lacked flexible or inexpensive ways to access your credit line beyond making purchases. Traditionally, one of the only other ways to tap your credit line for money has been a cash advance, which usually comes with a sky-high interest rate and expensive fees.
Despite successfully completing the no-spend challenge, I still spent more than I would have liked. It turns out my essential expenses need attention, too. Rent, utilities, child care, car payments, diapers and other recurring bills get expensive. I can't eliminate all these costs, but my goal for the near future is to trim at least some of them.
This article was first published on NerdWallet.com . The Paycheck Protection Program can be a lifeline for businesses that qualify, but it's not the only program available for business owners struggling during the coronavirus pandemic. Those who don't meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business Administration.
This article was first published on NerdWallet.com . Credit cards are a convenient way to pay for something, but historically they've lacked flexible or inexpensive ways to access your credit line beyond making purchases. Traditionally, one of the only other ways to tap your credit line for money has been a cash advance , which usually comes with a sky-high interest rate and expensive fees.
This article was first published on NerdWallet.com . Just because you've already quit - or never started - a New Year's resolution to save more money doesn't mean it's all over. You can make a comeback with a few key steps.
Throughout his 2020 campaign, President Joe Biden promised major changes to higher education. Some of these changes already have gone into effect, such as a pause on student loan payments, but other proposals have yet to happen. Biden's bold plans will affect college students, but whether or not they will be good is subject to debate.