When Is It Financially Time for Your Adult Kids to Move Out?

Many parents want their adult kids to move out, but aren't quite sure when the time is right. Some choose to allow their children to remain at home while they complete their college education or begin their careers. While this can certainly let their kids get a solid financial footing under them, figuring out precisely when they should move out isn’t always easy.Even if you are open to providing some level of monetary support to your kids, that doesn’t mean they need to stay in your home Read more [...]

What are the requirements to obtain an EIN?

You may have heard a few things about needing a federal tax ID number for your business, but it can be confusing to understand at times. If you’ve ever wondered if you need an EIN or how you can become eligible for one, you’re not alone. Here’s all you need to know to apply for an EIN.Eligibility RequirementsThe first step to receiving an EIN for your organization is determining your eligibility. You’re eligible if:You have a legal residence, principal office, or principal place Read more [...]

Three Things You Can Do Today For Better Mental Health

Are you trying to live the best life possible? If you’re like many people, you’re trying to find all of the resources that you can in order to see your daily life be the very best that it can be. How can you take care of your mental health today? Here are three big tips that you can use in order to have the best mental health possible.Get Outside. When was the last time that you went outdoors for any reason? If you haven’t done so recently, then it may be time to get out and about. Read more [...]

Should My Family Buy a Timeshare?

Many years ago, on what was the first or many trips to Florida with my family, I remember my parents attending a meeting on buying into a timeshare. Being a child at the time, I didn’t really understand anything, except it was at a swanky hotel and they fed my sister and I ice cream sundaes while my parents listened to a lady talk about places to stay in Florida.Back at the house we were renting, I overhead my parents seriously talking about buying into a timeshare for the first time. Florida Read more [...]

Can I Use My 401(k) to Pay for My Child’s Education?

Let’s face facts; college is expensive. No parent wants to see their child saddled with thousands upon thousands of dollars in debt, or sacrificing decades of financial well-being to repay it. Student loans are a serious burden; one that I’m sure you’d do anything to help them avoid.Since many parents of college-aged children have been contributing to a 401(k) for many years, it can be tempting to use some of those funds to help pay for their child’s education. If you are considering using Read more [...]

Should You Be More Bullish?

Most people are bullish about the stock market right now. Some would argue that means it's actually a good time to pull back on equities rather than get even more bullish.It's hard not to notice how well the stock market has been performing -- some have argued that 2017 was a record year for the markets, while others who've been around longer say that it's the strongest performance since the dot-com boom.So does this strong performance mean you should take a more aggressive stance in your Read more [...]

Trading On Economic Indicators

Investing and trading can take on many forms. You can trade stocks, bonds or pretty much any commodity you can think of, without leaving the chair in front of your computer. But you need to have a plan. You need to have a viable strategy to work and profit off the trades that you make. You cannot just wing it. And you need to really be able to test out your strategies and learn the markets before you risk actual money. Or be able to play around with extra money that you can afford to lose.Paying Read more [...]

How To Stick To a Frugality Plan

Frugality becomes its polar opposite if you can't sustain the practice. Get too ambitous about cost cutting and you might have a hard time adhering to it long term. Set your sights on something more realistic -- like the following suggestions. Buy the Best Don't confuse frugality with being cheap. Instead, focus on making smart decisions about your money -- like investing in higher quality items that will last you longer than cheap things you would have to replace every few months. This will save Read more [...]

8 Extreme Frugality Tricks

Extreme frugality might not be the most sustainable thing over the long term unless you can make a lifestyle out of it.It requires a strong set of values surrounding thrift.That said, extreme frugality might be more feasible as a short-term strategy or at least an experiment.With that in mind, here are eight ways to be frugal in the extreme. 1. Never Pay for Entertainment Instead of paying to keep yourself entertained​, take advantage of all the free resources ​around you. Go Read more [...]

Which Stores and Restaurants Are Open January 1?

Not everything is closed on the first day of the year, although fewer stores and restaurants are open January 1 than on Christmas. There are actually plenty of stores open January 1. In fact, it's simpler to identify the one that isn't open than to rattle off the long list of retailers that intend to keep their after-Christmas sales going on the first day of 2018. Would you believe that it's Costco, of all places? If that didn't surprise you, perhaps you weren't aware that the warehouse chain Read more [...]