Archives for November 2019

Holiday time is fun. You get invited to a ton of parties, bond with your loved ones, and receive countless gifts. It is the time to spend on your loved ones in a bid to express how much you care about them. But before you do so, here is something you need to know.

Many people spend the first quarter of the year in counseling as they come to terms with their financial hits. More often than not, these hard economic times are a result of overspending during the holidays. While gifting people is not bad, you need to keep an eye on your expenditure.

Investing in a smart home might be the best decision you’d ever make because of its accessibility and future cost-saving capabilities. As children, most of us marveled at the house George Jetson used to live in, even though it was a cartoon. It was our dream for the future, to be able to control our entire house at the flick of a screen or saying a command out loud.

As technology has advanced, we have made our dreams come true, and today, you can have your very own futuristic Jetsons’ style home with the advent of Smart Homes. Today we can control our lighting, AC and every type of appliances with our smartphone.

Many people find a way to boost their income by renting out their homes – or just a room – on vacation rental websites like Airbnb, HomeAway or VRBO. A growing number of people prefer to travel by renting a local home in their vacation destination.

People living in a desirable location may find that they can bring in substantial rental income for only a short stay during tourist-heavy periods. If you host on Airbnb or similar sites, you may be concerned about how your extra income might affect your annual income tax burden.

Did you just get your pay statement and find yourself asking what is FICA, and why is it taking so much money from me? It’s a valid question and one that has a simple answer.

Read on to find out what, exactly, FICA deductions are, and how you can calculate them!