Category: Personal Finance

4 Ways to Avoid Owing Payroll Taxes in 2021

If your employer stops withholding Social Security taxes on your paycheck, expect to take home less money in early 2021. The IRS has released long-awaited direction on the payroll tax cut President Trump ordered in August — just four days before the new rules take effect Sept. 1. According...

How to Quit Your Job: The Ultimate Guide to Leaving Like a Pro

After leaving dozens of jobs over the years, I have become a job-quitting expert. So it seems only natural to share my expertise, starting with the obvious advice: Avoid quitting a job impulsively. Carefully consider a few questions first. Are there alternatives to quitting? Have you made preparations? How...

Tello Can Get You Cell Phone Service for Just $5/Month

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Have you got money to burn? Just all kinds of extra cash lying around? Heck no. So here’s a...

Is Selling on Amazon FBA Worth It? Our Guide Will Help You Decide

As sales increasingly move online due to the “new normal” of the pandemic, those who invest their time and money in retail arbitrage could find themselves bringing in substantial income, whether as a side gig or new full-time venture. What’s retail arbitrage? Simply put, it’s the practice of buying...

Dear Penny: Should I Use Savings vs. Roth IRA for Down Payment?

Dear A., There’s no magic ratio here. And as someone who’s hoping to eventually buy a home, I wish there was. The personal finance business loves its rules of thumbs: Save 15% for retirement, always put 20% down. All those rules make it easy to think there’s some magic...

Should I Fill Out FAFSA if My Parents Make a Lot of Money?

You figure you won’t get financial aid because your parents make too much money to qualify. So there’s no reason to waste your time filling out the FAFSA, right? Wrong. But it’s a common misconception (don’t worry, we’re grading on a curve). For the 2019-20 school year, 71% of...

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. If you have student loans, you’ve probably dreamt about the day you make your last payment and can kiss...

This Mom’s 5 Tips for Home Schooling on a Budget

Editors note: This post was originally published in 2018 and has been updated. When Lorielle Hollaway stocked up on soda during a buy one, get one free sale, it wasn’t for an upcoming get-together or because her family enjoys the bubbly beverage. In fact, the sodas weren’t for sipping...

How to Start Meal Planning: How to Do It So You’ll Save Money

Are you reading this story while eating a lunch you packed at home? Good on you. You don’t need anyone to tell you how much money you can save by preparing meals at home and packing lunches for work or school. But here’s a question: How many more sandwiches...