The trend of the “no-spend month” on TikTok has gained popularity as a way to save money and improve financial habits. However, before jumping on the bandwagon, it’s essential to consider the potential pitfalls of this approach. One of the main issues with the no-spend challenge is its sustainability over the long term. While it
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The U.S. Department of Education is considering extending the eligibility of the Public Service Loan Forgiveness program to include early childhood educators. The proposal aims to address the financial challenges faced by individuals working in early childhood education settings, many of whom struggle with low wages and significant student debt burdens. Support for Early Childhood
The Supreme Court recently made a decision in the case of Moore v. United States regarding a federal tax on certain foreign investments. The case involved a Washington state couple who faced taxes due to a “mandatory repatriation tax” on earnings and profits in foreign entities. Despite this tax, the Supreme Court upheld the decision,
As Generation X, born between 1965 and 1980, begins to approach retirement age, they are facing unique challenges when it comes to saving for the future. With the financial burden of caring for both elderly parents and adult children, many Gen Xers are feeling the pressure of not having enough money to enjoy their retirement
The issue of heirs’ property and appraisal bias has been a longstanding problem that affects homeowners, particularly in communities of color. According to estimates from JPMorgan Chase, more than $32 billion in assessed values of U.S. property may be at risk due to these issues. This can have serious consequences, including difficulties in passing on
In recent months, the rate of price increases for food has shown signs of slowing down, according to government data on inflation. However, the impact of these higher prices is still being felt by many American consumers. A staggering 80% of Americans have reported seeing a significant rise in the cost of groceries over the
The U.S. Department of the Treasury, along with the IRS, has recently revealed a plan aimed at closing a significant tax loophole utilized by large, intricate partnerships. This initiative has the potential to generate over $50 billion in tax revenue over the next decade. The focus of this plan is on eliminating what is known
The Federal Reserve recently announced that it will not be making any changes to interest rates in the near future, leaving consumers with high credit card interest rates. With rates nearly reaching an all-time high of 21%, it is crucial for consumers to take control of their situation and explore ways to lower their credit
Car owners have been experiencing a significant financial burden in recent years due to the combination of high car prices and interest rates. According to industry experts, the average monthly car payment reached $760 as of May, marking a steep rise from the $535 average payment in May 2019. This represents a roughly 40% increase
The topic of student loan forgiveness has sparked heated debates and varying opinions among individuals, politicians, and experts. The question of whether to cancel student loan debt raises concerns about fairness, personal responsibility, and economic implications. Arkansas Attorney General Tim Griffin, who struggled for 30 years to pay off his $100,000 student loan balance, has