Personal Money Management

More in Personal Money Management

How Much Debt Can You Have to File Chapter 7?

Personal bankruptcy protection is available to individuals who are struggling with unpaid credit card bills, medical bills, foreclosure or other types of debt. Chapter 7 bankruptcy is designed specifically for debtors whose income makes it difficult or impossible to meet their ...

Mortgage Prepayment Monthly vs. Yearly

Consistent prepayment on your mortgage saves you considerable money over the life of the loan. In the first years of your mortgage, especially if you got a longer term mortgage such as a 30-year fixed loan, most of your regular monthly payment goes to pay the interest. Any ...

The Assignment of Personal Items to Trust

A living trust is commonly used to avoid probate and save your heirs time and expense in distributing your property when you pass away. An important part of creating and maintaining your living trust is placing your property in the trust. To do this, you must prepare the ...

How to Calculate Your Net Worth Based on Your Present Assets and Liabilities

Having a big house, flashy car and fancy electronics may make someone look rich, but after factoring in debt, his net worth might not be so impressive. Knowing your own net worth can help you figure out how you're doing financially, both at a specific point in time and as your ...

Do I Declare Dependent Adult Social Security Benefits on My Tax Return?

The Internal Revenue Service maintains a set of criteria that dictate the definition of a qualified dependent on your income tax return. The IRS also specifies the type of Social Security benefits subject to taxation. When a dependent adult lives with you, your tax filing ...

What Is the Maximum Withdrawal From an IRA?

The Internal Revenue Service has strict rules on how much money you can put into an individual retirement account, whether it's a traditional or a Roth IRA. It also has rules on when you can start taking money out without any tax penalty and when you must start withdrawing money ...

My Sister Died & Left Me Her 401(k) & Her Life Insurance From Her Job; How Do I Go About Getting It?

The loss of a sibling often means the double grief of dealing with the absence of both a relative and a close friend. Knowing your sister left you the proceeds of her estate can lend an extra poignancy to your grief; you may want to carry out your sister’s wishes and collect the ...

Changing a Family Trust Deed

If you have a sizable estate, transferring your assets into a trust can protect your financial interests. There are a number of different types of trusts to choose from, including family trusts that are designed to benefit your spouse, children or other dependents. A family ...

Budgeting for a Nanny

Finding an affordable, trustworthy source of child care is an essential task for new parents. While some parents choose to remain home and care for children themselves, for others this is not practical. Hiring a full- or part-time nanny is one option for parents who can't remain ...

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