Many aspiring pilots are concerned with not only the cost of earning a private pilot’s license but once they acquire it, if they will be able to afford to fly. Owning a plane or just renting a plane is a very expensive hobby.
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Helping you stay financially savvy.
The credit union movement is steeped in a rich history of collaboration across divides. For nearly two centuries, financial cooperatives all over the world have encouraged people of every race, gender and belief to come together and give their all towards the betterment of their communities. It’s about people helping people.
Most people have heard the old adage that the higher your credit score the better. We all know that a good credit score means lower rates when you want to obtain a loan on a car, mortgage and other large ticket item. The truth is that financial institutions use ranges to determine interest rates on a loan.
If you are a South Florida resident, you know that visiting relatives or friends are a reality of life. As hosts, we are often tasked with finding and accompanying our guests to suitable attractions. Since we live in a tourism driven economy, these spots are often quite taxing to the wallet.
You used to dream of this time and thought the day would never come. The day when your kids grow up, move out and become financially self sufficient.
Now they are gone and you and your spouse are empty nesters. After years of non-stop parental activities -- rushing to soccer practice, piano, karate, recitals, birthday parties and sleepovers, they are gone. You feel like Usain Bolt after the 100 meters – accomplished, happy and a wee bit sad.
Your ideal savings rate depends on your goals and when you want to reach them. Are you saving for retirement? A vacation? Creating an emergency fund? There are also a variety of circumstances that can affect how much you should save. We’re going to breakdown the savings timelines and factors that go into figuring out how much to save and when.
Although it might be hard to believe, the consequences of missing the April income tax filing deadline can be even more frustrating than completing the return in the first place.
Refinancing. You hear the term in the media almost every day especially in this low rate environment. Refinancing means paying off your existing mortgage with a new one. Should you do it? Consider these five reasons why refinancing may be right for you.
When it comes to our finances, most people underestimate just how much they spend on food. And while we can get rid of other expenses, food is the one line item that we cannot eliminate. We can however, spend a lot less with a bit of thought and planning.
Depending upon how much credit card debt you have, being debt-free can seem daunting or even unattainable. Developing a plan is the most important first step to attaining a debt-free life. Without a plan, it can feel like you’re not making any noticeable progress. Here are five important steps to take to get rid of your debt.
"Once a man, twice a child.” People from the Caribbean know exactly what that means. It’s the inevitable circle of life. Humans begin life as helpless children and later, we again become dependent on others for assistance. In our forties and fifties, we will all see our parents aging and becoming more dependent. Then before we know it, the tables become completely turned and we begin to assume the role of caretakers.
It’s tax time! Have you ever considered that you could be at risk for tax identity theft? Tax identity theft occurs when a thief files a fraudulent tax return using your Social Security number and collects your refund. It also occurs when someone uses your Social Security number to earn wages and sticks you with the tax bill. Often, people do not realize they are the victim of tax identity theft until after the crime, when they try to file their taxes.
As the saying goes, all good things must come to an end. Homeowners have been able to deduct interest paid on home equity loans and lines of credit for decades. Thanks to the new tax law, that deduction is now gone.
‘Tis the season. No matter what we say, most of us will end up spending a significant amount on holiday gifts. After all, no one wants to be a Scrooge. But never fear. There are ways to save hundreds of dollars this year on your holiday shopping, both online and in person. Here are 10 suggestions: