Money Tips Network

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It’s never too early to start teaching your children how to save money and...

I get a lot of questions about money. These questions tend to vary based on the asker and her needs, but there's one question I get more often than any other: “What's a safe investment with a high return?”

For the past decade or so, I've had no answer to this question. Savings accounts and certificates of deposit are safe, sure, but they're no longer attractive investments. Since the Great Recession of 2008/2009, interest rates have remained shockingly low. This is by design. The government doesn't want you parking your money in a savings account. They want that money out circulating in the economy.

Over the long term, the stock market offers excellent returns. But when people are asking for “safe” investments, they're wanting avoid short-term volatility, which means stocks are out of the question. (And stuff like Bitcoin and precious metals are even more out of the question!)

Needing to prove that you filed your taxes on time? Here's how I showed timely filing …

• If you mail your taxes, send them Certified Mail, and keep your receipts.
• You'll need these receipts to prove timely filing, and the best thing to do is fax them when you call.

I've talked a number of times about my phone interactions with the IRS.

I've called them to ask questions and to discuss penalties assessed against our businesses.

When you’re young and new to your career, there’s a lot of temptation to spend more than you earn. You see people ahead of you in your career path making a lot of money and living an affluent lifestyle, and it’s easy to envision yourself being there in a few years. Why not spend a […]

The post How To Avoid Early Debt When You’re Young appeared first on The Simple Dollar.

Your net worth is a simple indicator of your overall financial health. It’s the total value of everything you own minus the total of all of your debts; that’s it. The higher your net worth, the healthier your financial situation. That number represents how much cash you’d have if you sold off every possession you […]

The post How To Calculate Net Worth appeared first on The Simple Dollar.

Earlier this month, I decided to try my hand at staking cryptocurrency for automatic income. I'll share a few things I learned diving kind of head-first into this project.

It's hard to miss the exposure that cryptocurrency has gotten this year, particularly the past couple of months in 2021. Literal fortunes have been made and lost with the attention and the market swings.

Since I had only earned a small amount of cryptocurrency at various endeavors, I got caught up in the excitement and decided to try my hand at staking cryptocurrency for some automatic income.

What is staking cryptocurrency?

Staking a cryptocurrency, in simplest terms, involves making the cryptocurrency available for the transaction system to work. In slightly more complicated terms, it involves usually a short-term contract to commit the cryptocurrency to a wallet and not spend it.

Many mortgage lenders offer borrowers the ability to make half-payments twice a month on their mortgage or make bi-weekly payments instead of making a full payment once a month.  How do bi-weekly payments work?  What about twice-monthly payments?  Which is the right option for you? An example of how bi-weekly payments work Let’s say, for […]

The post Mortgage “Half” Payments: How Much Do They Save? appeared first on The Simple Dollar.

Please Note: The Refund Advance loan is no longer available through H&R Block. H&R Block refund advance loans are no-interest loans that provide an advance on your tax return if you choose to file your taxes with H&R Block. These loans are usually offered at the beginning of tax season, and reward filers for getting […]

The post H&R Block Refund Advance Loans Review appeared first on The Simple Dollar.

The first few steps of your financial turnaround are simple. Get caught up on your bills. Pay off high interest debt. Build up an emergency fund. If you do those things, you’re already in much better shape. The next step is trickier. At that point, many people have some low interest debts remaining, such as […]

The post Should You Pay Off Low Interest Debt or Invest? appeared first on The Simple Dollar.