January 24, 2020 Joseph Hernandez

The following article was originally published on figure.com on September 29, 2019 A home equity line of credit (HELOC) is a type of home loan that uses the equity in your home as collateral. HELOCs became popular in the early 2000s because the interest paid was generally tax-deductible5. However, the deductibility of HELOCs was greatly restricted for the 2018 tax year, making it more challenging to determine whether you can deduct the interest on the loan. Overview A HELOC is among the ways you can use your home equity to borrow money. With a traditional HELOC, you receive a line…

January 23, 2020 Joseph Hernandez

If you find yourself in the position of owing taxes to the IRS, and you’re worried you won’t be able to pay them back on time, it’s important to know how the IRS wants you to address the situation. When the recession hit the nation in 2008, the IRS realized that if people didn’t have a reasonable way to pursue paying back their taxes, they’d simply go bankrupt, so the agency adopted the Fresh Start Program to help those in need. Take a look at how it works. To avoid bankruptcy, tax liens, tax levies, and wage garnishments, the IRS Fresh…

January 4, 2020 Joseph Hernandez

There are a number of excellent reasons to consider investing in real estate. Finding the right piece of property to put your money behind can yield you some impressive returns. Of course, this will not always be a straightforward journey. Throughout the course of your investments, there are bound to be a number of difficult obstacles that appear when you least expect. When this happens, it can be helpful to have some guidance. Take a moment to look over these tips on real estate investments and discover the best way to get yourself started. Set Goals One of the most…

November 10, 2019 Joseph Hernandez

When it comes to furnishing your home, some of the most expensive items you can buy are actual pieces of furniture. From beds and couches or tables and dressers, quality pieces of furniture often come at a very steep price. But when you’re trying to live frugally or don’t have a lot of money to spare, it can be hard to pay so much money for just one piece of furniture. Luckily, you do have some options on this front. With a little planning, learning, and patience, you can make some of the most common and basic pieces of furniture…

September 26, 2019 Joseph Hernandez

It’s hard earning a paycheck these days. Unemployment is very low, and that means that there are a lot of options that have been taken up in the workplace. If you are one of the people who remain unemployed, one of your top priorities is going to be how to get a job to make some money, and then how to keep that money once you get it.  Finding particular types of situations to embrace and other kinds of jobs to avoid will go a long way toward helping you get to this goal. So what are some of these…

September 7, 2019 Joseph Hernandez

Whether a Fortune 500 behemoth or a small, mom-and-pop shop, all companies want to sustain economy. They want to ensure that their policies, products and procedures (regarding the staff they employ, the people they serve and the services they offer) maintain their value when compared against their expense (of time, money, effort and resources). To do this, businesses have to make good decisions. They have to choose actions that benefit not only their bottom lines, but their missions, as well. It’s not always as easy as it sounds. In the rush to make good decisions, many lose sight of extraneous…

August 25, 2019 Joseph Hernandez

Since 2000, the average price for a gallon of gas has jumped nearly 70% — and in some parts of the U.S., the spike is even higher. That’s the bad news. The good news, is that there are surprisingly easy ways to make your car more fuel efficient and save anywhere from hundreds to thousands of dollars a year. Here are 7 hacks to help you spend less time at the pump, and keep more money in your wallet: Lighten the Load If you’re like many drivers, you lug around all kinds of stuff in your back seat or trunk…

August 15, 2019 Joseph Hernandez

Mothers love, responsible and strong with their children, however, they often sacrifice themselves for them. According to a survey of Solve your Debt, 16% of its users moms become indebted because of a foreign problem, mainly for helping their children. That is why planning your financial future is super important. It doesn’t matter if you are a working mother or a housewife, in both cases, you must be alert enough to keep your finances daily. Therefore, this article aims to help moms with some personal finance tips that could be very useful: Eliminate ant spending If you want to commit…

August 15, 2019 Joseph Hernandez

We would all like to know how we should prepare for the challenges and stages of life before they happen. However, we learn from our mistakes with each experience we live, hence the knowledge and maturity. But who would not like to gain wisdom without having to constantly stumble on the stones of the road? And although it is impossible to skip all the obstacles that will be faced, you can always learn from the mistakes and teachings of others. We should only be aware of what is happening around us. Learning from one’s mistakes so as not to make them again is very…

August 14, 2019 Joseph Hernandez

Some tips to save money are obvious, such as not flying first class, eating fewer times in restaurants, or giving up bad habits like smoking. On other occasions, there are savings opportunities that are sporadic and do not allow consistent month-to-month savings such as choosing the cheapest vacation hotels or buying a used car instead of a new one; They are great tips, but they will not help lower your monthly expenses. However, sometimes we don’t realize that there are opportunities for savings in everyday activities. Here is a list of 10 tips to save that you probably didn’t know:…