If you have several credit card statements coming each month, the mail can pile up. You don’t want to get rid of statements you might need in the near future, but you also don’t want to hold on to mail unnecessarily. So how long should you keep credit card statements? Do You Need To Keep Credit Card Statements at All? You generally don’t have to keep your credit card statements for very long, especially if you’ve set up an online account....
So, how long is too long? Every short sale is different. It depends as much on the lender as it does on the listing agent. Some listing agents outsource their short sale negotiations to a third party; this can often delay the response even more, but there are a few things you can do to try to hasten the process. Before You Write the Offer Ask your agent to do a little groundwork before you decide to buy a short-sale home....
Building a diversified portfolio may sound complicated if you’re a beginning investor, but it’s not as complex as it sounds. Learn how to diversify your investments and how much diversification is enough. What Is Portfolio Diversification? Portfolio diversification is a long-term strategy that involves spreading money across a wide mix of assets to reduce the risk of volatility. However, diversification isn’t just about the number of investments you have. To understand how diversification works, take this example of a stock-only investment....
What To Look for in a Real Estate Portfolio It’s never too late to start building a quality real estate portfolio. If you’re young, you can start saving a down payment to buy your first rental property and begin growing your real estate portfolio over the years until you retire. If you’re in the five- to 10-year period before retirement—or if you’ve already retired—you can convert assets in lower-yielding investments into rental real estate and increase your retirement monthly income....
In fact, 97% of all homebuyers said they’d used the internet in their home search, according to a 2021 study from the National Association of Realtors (NAR). Most buyers typically viewed nine homes over eight weeks, with five homes viewed solely online—and most buyers find their eventual forever home online. “The outbreak of the pandemic and an extremely hot, fast-moving real estate market that followed has raised the demand for more aspects of the house hunting and buying experience to take place from the comfort of our own homes,” said Amanda Pendleton, Zillow’s home trends expert, by email to The Balance....
If your primary goal is to obtain a single company’s stock in the most direct way possible, one of these plans can help you achieve that goal. Just be aware of the drawbacks you might come across if you stop using brokerage services completely. What Are Direct Stock Plans? Often, the simplest method of buying stocks without a broker is through a company’s direct stock plan (DSP). These plans were created years ago as a way for businesses to let smaller investors buy equity straight from the company....
Self-employment taxes are paid to the Social Security Administration for Social Security and Medicare eligibility. If this tax sounds familiar, it’s because it’s essentially the same as Social Security and Medicare taxes for employees, just with a different name. You pay these taxes on your personal tax return, along with the income tax liability for your business. Self-employment taxes are not withheld from your income as a business owner. You must figure the amount of the tax and keep track during the year....
How Do You Calculate Compound Interest? The simplest way to calculate compound interest is year by year. You will need to know some information about your loans to calculate the compound interest. The first things you’ll need to know are the initial investment, represented in the equation as P, and the interest rate, represented by r. You’ll also need to know the number of times your interest rate is compounded (n) each year....
ROA is best used as a general reference over multiple time periods. It can observe management’s use of the assets within a business to generate income. Knowing how to find the ROA will help you when you are examining a company’s balance sheet and income statements. You can use the ROA as an indicator of value. Return on Assets Formulas The standard method of finding the ROA is to compare the net profits to the total assets of a company at a certain point in time: The first formula requires you to enter the net profits and total assets of a company before you can find ROA....
No matter how your credit card pays out rewards, whether it’s a flat-rate rewards structure or a tiered system, the value of your rewards is based on the specific credit card and how you earn and redeem rewards. A point on one credit card might not be worth the same as a point on another credit card. How Many Points Will You Earn on a Purchase? Calculating the number of credit card points you’ll earn on a purchase is fairly simple, as long as you know your rewards program and the type of business you’re shopping in....
Changing your credit card due date usually is a quick process that can be handled with a quick call to your card issuer’s customer service, typically found on the back of the card. Some credit card issuers, like Capital One, let you change your due date online or via a mobile app. Steps to Changing Your Credit Card Due Date The first step to changing your credit card due date is selecting a date that makes the most sense for your finances....
As well as confirming these details, you can also ask for the name of the person you will be meeting with and where to go in the building once you’ve arrived. For remote interviews, it’s a good idea to double-check the details of how you’ll be connecting with the interviewer. Here’s what you need to know about confirming the time, date, and location of a job interview. Tips for Confirming a Job Interview When you schedule a job interview, be sure to confirm the interview location, as well as the date and time....
Job fairs and career networking events allow you to get face time with recruiters and hiring managers on the spot. When you have an opportunity to chat with someone in person, it’s much easier to make a personal connection. Take the Time to Introduce Yourself If you introduce yourself to everyone you meet at the fair, it will be much easier to follow up afterward. Before the conversation ends, ask the company representative for a business card, so you’ll have all the information you need to keep in touch....
When it comes to establishing financial statements, decide on the reporting period or how often the statements will be created: monthly, quarterly, or annually. You can use accounting software, which can make creating these reports much easier, or seek professional accounting help if you need it. Key Parts of a Financial Statement In this article, you will learn about three types of financial statements: balance sheets, income statements (also called profit and loss or P&L statements), and cash flow statements....
But opening an account at a credit union can be intimidating to some, primarily because credit unions use different terminology. When “eligibility” and “membership” come up, people think the process is going to be complicated—but it’s easy to open an account. To do so, complete three steps: We’ll review each of those steps in more detail below. Step 1: Determining Membership Eligibility To join a credit union, you have to be a part of that credit union’s field of membership....
Just because your discharge is denied or revoked, that doesn’t mean that the case will be dismissed and back to status quo ante and your pre-bankruptcy status. No. The case will continue. This means that the trustee can still take possession of your non-exempt property and sell it to pay your creditors. Why Your Discharge Can Be Denied Before It’s Ever Entered First, there are some threshold requirements you have to meet in order to qualify for a discharge....
Roughly 1 billion hours of videos are watched collectively by YouTube users every day, according to the company. After Facebook, YouTube is the next most popular social media outlet of choice for businesses wishing to share video content. Youtube has 2.2 billion monthly active users and makes a revenue of $28.8 billion in 2021. Most don’t realize that YouTube has valuable potential for business owners beyond its primary use as a free social platform....
What You Need To Open a Bank Account When you open a new bank account, you’ll need to give the bank or credit union documentation so they can verify your identify. Have the following items ready: A government-issued ID (such as a driver’s license, passport, or military ID)Your identification numberProof of your physical and mailing addressAn initial deposit (if required) If you don’t have a government-issued ID, you may be able to use another form of ID....
The process is straightforward enough but requires some preparation. Setting Up the Account Children under the age of 18 are not legally allowed to sign documents. As a result, you’ll need to open the account with your name on it as well. When the child turns the appropriate age (18, or 13 if you convert it to a checking account), you can go to the bank and remove your name....
The type of LLC formed and the tax election made by the company determine how members pay themselves for their work and how businesses and owners are treated at tax time. Learn what this means for your LLC. How LLCs Are Taxed An LLC is an attractive business structure, especially for small businesses, because it combines certain benefits of a corporation with those of a partnership. Similar to a corporation, LLC owners (also called members) are protected from personal liability, which means their personal assets will not be at risk should the business encounter bankruptcy or lawsuits....
