Saving

Can a Newborn Baby Go Under the Dad's Insurance if the Couple Is Not Married?

Thu, 23 May 2019 20:04:19 +0800

If you’re a new father, you may wonder if your newborn can go on your insurance if you aren’t married to the mother. The answer is yes but in some cases, you’ll want to take steps to establish legal paternity. This should be as simple as signing a notarized form with your baby’s mother.

Account Balance Vs. Available Balance

Thu, 23 May 2019 20:04:19 +0800

When you deposit money into your bank account, you may assume the money will be ready for you to use. However, there's a delay, especially if you've deposited an out-of-town check. It has to clear before you can use it. This may affect your autopayments, so it's important to be aware of this.

Efficiency Vs. Studio Apartment

Thu, 23 May 2019 20:03:05 +0800

Efficiency and studio apartments are ideal for people living alone, but what are the differences between the two? The differences are subtle, but notable, and they may determine which type of apartment is the right fit for you. Neither type of living space is ideal for living with a roommate.

How to Convert Annual Interest Rate to Daily Interest Rate

Thu, 23 May 2019 20:03:03 +0800

A year can seem like a long time when considering how much interest you may earn or how much interest is due on a loan. Knowing how much interest accrues daily can motivate you to take control. Learn how to convert an annual interest rate to a daily interest rate so you can better manage your money.

Certificate of Deposit Vs. Savings Account

Thu, 23 May 2019 20:03:03 +0800

Learn about the differences between a certificate of deposit and a savings account so you can decide which bank account is the best option for you. Knowing the differences in accessibility, interest rates, and insurance helps you make the best choice so you can maximize your return.

Proof of Income & Direct Deposit

Thu, 23 May 2019 20:02:57 +0800

When applying for loans, you may need to show proof of income. If you receive your paycheck through direct deposit, you can provide proof of income through paystubs you access online, bank statements, or tax returns. Payments from Social Security can be verified with benefit verification letters.

Advantages & Disadvantages of Investing in a Savings Account or U.S. Savings Bond

Thu, 23 May 2019 20:02:57 +0800

Savings bonds can be a great way to set money aside, but they do have limitations. You won't make as much off a savings bond as other types of investments but it also won't be as liquid as money you have in a standard savings account. It’s ideal for those who can leave the money for five years.

Is the Interest on a Savings Account Taxable?

Thu, 23 May 2019 20:02:57 +0800

Your savings account helps you grow your savings, but the Internal Revenue Service requires you to report your savings account interest as part of your taxable income. Knowing the rules ensures you won’t get in trouble with the IRS for not reporting the income and paying what you owe.

When Someone Wires Money to Your Bank How Long Does It Usually Take to Show Up?

Thu, 23 May 2019 20:02:57 +0800

If you find yourself in need of a little money to help you pay a few bills, you can have a friend or loved one wire funds directly into your bank account. The process is quick and painless. Depending on the method used by the sender, you could have access to the money in as little as one day.

Ten Good Reasons Why People Have Savings Accounts

Thu, 23 May 2019 20:02:56 +0800

A savings account offers safety, accessibility and financial peace of mind. You can draw from your savings account for emergencies and big-ticket purchases. A good savings account earns interest and can serve as a good financial model for your kids. It can also discourage reckless spending.

Are High Bond Yields Good or Bad?

Thu, 23 May 2019 20:02:49 +0800

High-yield bonds have long been popular with investors, but they do come with risk. Whether they earn well or not depends on interest rates, which makes them ideal for seasoned investors. New investors might want a safer option for their investment dollar. Still, it can be a good bet.

How to Track Smart Money Flow in the Markets

Thu, 23 May 2019 20:02:49 +0800

Professional fund managers seem like they have a special "magic" that nobody else has. However, you can access the same tools they use and learn to monitor the markets to determine how fund managers are influencing the market. This could give you an indication of what you need to do.

Differences Between Equity Swaps & Bullet Swaps

Tue, 21 May 2019 17:32:37 +0800

Equity swaps are agreements to swap cash over a set period. One type of equity swap is a bullet swap, which involve settling the agreement at the end of a contract with just one payment. Another type of equity swap is a reset swap, which reflects gains and losses throughout its life.

Can an Employer Require Me to Pay Back Flex Dollars When I Leave Their Employment?

Tue, 21 May 2019 17:32:37 +0800

Employees who leave a job after spending all the funds in their flexible spending account for the year – but before that amount can be fully deducted from their paychecks – don’t have to pay the money back to the employer under the legal rules governing the typical FSA benefit plan.

Relationship Between Bond Price & Yield to Maturity

Tue, 21 May 2019 17:32:36 +0800

The yield to maturity of a bond reflects a bond's total return, including both interest payments and the increase or decrease in the value of the bond at maturity. Bond prices trade with an inverse relationship to interest rates, so if a bond's price goes down, its yield to maturity goes up.

How to Calculate EPS Growth Rate

Tue, 21 May 2019 17:32:36 +0800

A company's earnings per share tells investors how much profit a company is making based on the number of outstanding shares. Going one step further and calculating the EPS growth rate informs investors whether the profitability of the company is going up or down on a per share basis.

How to Calculate Abnormal Returns with Stock Prices and S&P Information

Mon, 29 Apr 2019 18:53:39 +0800

When a stock's return is abnormal, that can either mean it performed better than the market or worse. It's important to calculate what that return was, which requires comparing it to the prices you see on the S&P 500. This information can be easily found online on your favorite financial site.

How to Calculate Call Premium

Mon, 29 Apr 2019 18:53:39 +0800

Sometimes, it is in the best interest of a company or other entity to call its bonds early. Although this can save the company money on interest, it means that the investors are losing out on future interest payments. In order to make up for that, a call premium is paid to cover some of the loss.

What to Do If the HOA Will Not Provide Financial Statements

Mon, 29 Apr 2019 18:53:39 +0800

If you think your HOA board is up to something fishy, you may wish to review the financial documents. After all, they should spend your money properly. Unfortunately, getting these documents is easier said than done sometimes. Be sure to know your rights so that you can get the information you need.

How Should Married Couples Fill Out a W-4?

Fri, 26 Apr 2019 18:42:03 +0800

If you're a married couple, the way you fill out a W-4 form will differ from the way you'd complete it as a single taxpayer. There are only slight adjustments, though, and the number of dependents you claim will affect the amount that is taken out of your paycheck. Claiming more or less might help.