How to Do Due Diligence on a Charity

The CARES Act gives taxpayers a $300 credit for charitable donations made in 2020, even if they do not itemize their deductions. As a result, there is zero downside to making charitable contributions up to this cap. However, not everyone ...

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Alternatives When Your High-Yield Savings Account Is Paying You Nothing

High-yield savings accounts are paying next to nothing right now. Interest rates are at zero because of the pandemic, and account holders are not being paid much more than that by their banks. With the r...

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What to Do When You Are Being Contacted by Debt Collectors

One of the biggest nightmares that you can face is repeated calls from debt collectors telling you that you owe money. It is demeaning and difficult. However, they have the legal right to contact you so long as they ...

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Some Effects of the Federal Reserve Bank Keeping Interest Rates Low for a Prolonged Period

Fed Chair Jerome Powell announced this week that interest rates will remain at or near zero for years as the Fed tries to stimulate the economy from the pandemic induced problems. Low ...

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Receiving COVID-19 Unemployment Benefits? Three Important Considerations

If you're unemployed or partially unemployed, chances are that you're familiar with the current state of affairs. Since everything changes so rapidly, here are three important things to keep in mind as...

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Six Personal Finance Rules You Can Vary from During the Pandemic

The pandemic has changed personal finance as we know it for the short term. Until the threat from COVID-19 recedes, the primary goal for many is financial survival. While this can largely be harmonized with lon...

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How to Compensate for the Lack of a Second Stimulus Check

The first stimulus check was a welcome sight in the mailbox for millions of American families. While the check was not enough on its own to keep your family afloat, it provided some welcome relief during trying econom...

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Why Is Deflation a Bad Thing for the American Economy?

You have likely heard talk about how the Federal Reserve is doing anything in its power to fight deflation. While you may think that prices going down is a good thing for you, deflation is actually the worst thing for th...

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Should You Actively or Passively Manage Your Money?

When it comes to an investing strategy for their own portfolio, people must choose between active management and passive management. The two involve completely different ways of managing your money. Here are some things to ...

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How to Approach Student Loan Teaser Rates You Get in the Mail

If you are currently paying back your student loans, your mailbox likely gets inundated with solicitations that offer you an unheard of interest rates on your student loans. These are what is known as teaser rates...

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