Budgeting & Saving - Page 4 of 8

Betterment and Zillow Partner to Create Financial Education Videos on Home Buying

Post author:Hyder A.
Post published:November 18, 2021

Zillow is the most visited real estate website in the United States. It is a service that allows you to find, buy, rent, and sell your home. Zillow has been in the spotlight in recent weeks due to the fact that they buy and sell homes directly. Long story short - they lost millions trying to flip homes. As a Zillow customer myself, I listed and sold my home through Zillow without an agent and saved over $15,000 in agent…

My Wife Quit Her Job – Now What?

Post author:Hyder A.
Post published:November 11, 2021

This is a question that was often brought up on Yahoo! Answers before they shut down earlier this year. It is perfectly normal for a spouse to want to stay home with the kids, work on themselves, or delve into their hobbies. However if you have been living a two-income lifestyle for some time, you will find it difficult to adjust to a one income lifestyle. In this post, I will dive into the ways you can prepare for a…

Benefit Healthcare Enrollment – FSA Or HSA?

Post author:Hyder A.
Post published:October 28, 2021

If you have a full time job, it's that time of the year. Time for the Holidays and time for Annual Benefit Enrollments. When signing up for your healthcare plan, your employer may offer you several choices. Deductibles You can go for a low deductible plan or a high deductible plan. Low deductible plans typically have co-pays for different medical services. These co-pays can vary from plan to plan but they can be as low as $10. Low Deductible plans…

Rent Out Your Garage Or Shed With Neighbor

Post author:Hyder A.
Post published:October 21, 2021

About three years ago I came up with an idea for a new app. Inspired by Uber and Door Dash, I thought "What if I make an app where people can rent out their driveway, garage, or shed as a storage unit?" As someone who has spent way too much money on a storage unit, I knew that the storage business was a cash cow. I started to research the legalities of renting out your own property for storage. Is…

Door Dash – Here Is How Much Can You Earn In A Week

Post author:Hyder A.
Post published:October 18, 2021

Just last week, Door Dash sent out an email to all Dashers with the tagline: How much can you earn when dashing in your area? The email showed me how much the average dasher makes in Philadelphia, as shown below. 5 hrs/week - Dasher's earned an average of $114 10 hrs/week - Dasher's earned an average of $235 20 hrs/week - Dasher's earned an average of $479 40 hrs/week - Dasher's earned an average of $927 Data Analysis With The Dasher Tracker Shortly after I read the email, I decided to examine my Dasher…

I Just Tried the Mega Back Door Roth Conversion

Post author:Hyder A.
Post published:October 14, 2021

Roth IRA’s are powerful investment accounts that allow you to invest after-tax dollars to earn money tax-free. You can contribute to a Roth IRA for as long as you live and you can easily pass them down to your children. You are not even forced to use it since there are no minimum required distributions. The only downsides are the annual contribution limits and the income limits. The annual contribution limit is $6000 ($7000 if over age 50). If you…

Credit Card Debt Is Going Up – Bad News for Americans

Post author:Hyder A.
Post published:October 7, 2021

At the start of the pandemic, it was found that credit card debt in America was decreasing. It is believed that a combination of relief checks, shut downs, and job uncertainty kept credit card spending low. Now that stimulus checks have ended and unemployment benefits have decreased, American's are seeing a rise in credit card debt. As reported by the Federal Reserve Bank of New York, its quarterly report found that credit card bills have risen by $17 billion in…

The $1000 Investment Challenge – 9 Month Update

Post author:Hyder A.
Post published:September 30, 2021

In 2020 I heard about the $1000 challenge between the online Finance community. It is a 1-year challenge where you invest $1000 in any way you want to see who makes the most money. Since the $1000 challenge has been around for a while, no one has done this challenge in recent times. I thought it would be an interesting experiment to try during the Pandemic. Because I run a personal finance blog, I decided to expand my experiment. I…

We Will Run Out Of Social Security By 2033

Post author:Hyder A.
Post published:September 23, 2021

The majority of American's do not invest or save enough money for retirement. They depend on social security checks to get by. But who funds social security and what happens if we run out of money? Social Security checks are funded by the previous generation. That means the social security money coming out of your paycheck each month is paying for America's current retirees. As long as there are more working people than retirees, the concept works. COVID-19, declining birth…

How I Maximize my Credit Card Rewards

Post author:Hyder A.
Post published:September 20, 2021

It’s hard to believe that most credit card holders are not educated in the benefits they could receive with their cards. You can get points towards free travel, hotel stays, and food. You can get up to 15% cash back if you shop online through your credit card company’s app. You can get premium lounge services in airports. You can earn cash back on rotating categories or everyday purchases. Some cards even come with free insurances, discounts with partnering brands,…