1. Cannot Afford the Rent A renter may move out because the apartment has become too expensive for them. Their income may have gone down through a job loss or their expenses may have gone up from a large medical bill. Offer Relocation: If you have another vacant unit available that is cheaper than the tenant’s current unit, you can offer them the chance to move into that unit. Reduce Rent: Another option may be to to reduce the tenant’s monthly rent....
What Types of Questions Are Asked at an Internship Interview? Although it seems like there are a wide variety of questions you need to be prepared to answer, internship interviews will likely consist of questions about your skills, education, and experience. In an interview with The Balance, career coach EB Sanders noted that although internship interview questions can be broad, they usually are very typical interview questions. In other words, if you prepare, you shouldn’t worry about having too many hardball questions thrown your way....
The interest rate never changes with a fixed-rate mortgage, so you’ll know what your monthly payment is until you make the last one. An adjustable mortgage rate depends on the market, so it can fluctuate, but typically not within the first five years. An interest-only loan comes with a “balloon payment” of the entire principal balance at some point—all at once. You’ll pay only interest in the meantime. A negative amortization loan defers some portion of interest for a period of time....
But comparing Form 1040 and Form 1099 is pretty straightforward. The first thing to understand is that Form 1040 is the master sheet tax return that includes information from all other tax forms, including all types of 1099 forms. Let’s dive into the differences between Forms 1040 and 1099 and how you’ll use each one to file your taxes. What Is Form 1040? Form 1040 is the main tax form that taxpayers use to report their incomes each year....
The VIX, or the Cboe Volatility Index, is created by Cboe Global Markets. It is a benchmark index for market volatility based on S&P 500 options. When the market is volatile, the VIX rises. When the market is relatively calm, it falls. This means that investors can use VIX exchange-traded funds (ETFs) to invest, based on their feelings about whether the market will become volatile in the near future. However, it is very important that investors know that VIX ETFs tend to lose money in the long run, making them suitable only for short-term trades by active investors....
Your Payments Barely Cover Interest Interest the main cost of borrowing money. Each of your monthly debt payments covers a certain amount of interest and a certain amount of principle. If more of your payment is going toward interest, your balance will only inch down a small amount each month. For example, if your credit card balance is $1,000 and your interest rate is 18%, your finance charge will be about $15....
But there are some simple ways you can organize your income and expenses in a way that contributes to your financial success. This four-step guide will help you to determine your net worth, set financial goals, track your spending, and create a budget. Determine Your Net Worth Your net worth—the total of all your assets minus your liabilities—can tell you a lot about your current financial health, and it can also help you to plan for your financial future....
It’s important to know that closing a credit card won’t make delinquencies go away and, in some cases, closing a card could hurt your credit score more than it helps. Here are a few reasons why closing credit cards can hurt your credit, and why it might be better to leave them open. Closing a Credit Card With a Balance When you close a credit card with a balance, your total available credit and credit limit are reported as $0....
Avoiding a will contest starts when you create or update your estate plan at a time when it is clear that you are able to make informed decisions and understand all of the consequences of these decisions. If you’re not totally sure what you want to do, don’t use this an excuse. Making an estate plan that meets 90% of your goals is better than no plan at all. Avoiding a will contest is all about recognizing the problem and addressing it sooner rather than later....
This is just one mistake you might possibly make with your retirement money. Numerous other rules can create headaches as well, but you can avoid high taxes in retirement in a number of ways. You deposit the remaining $160,000 into an IRA within 60 days as a rollover, but now you have to come up with an additional $40,000 to deposit into this IRA in order for the entire $200,000 to count as a rollover....
Choose a Specific Savings Goal You need to determine what you are saving money for. Your savings goal may be for a down payment on your home. You may be saving for a dream vacation or to pay for your next car. You may be saving for retirement or for an emergency fund. You may be saving for all of these reasons. Create a Savings Timeline When you have the savings goal and the amount that you need to save, it helps to set a timeline to reach your goal....
Yard Size It works out to 3,200 square feet per lot when all properties on a city block have lot sizes of 40 feet wide by 80 feet deep. Some city codes might allocate a percentage of that .07-acre lot size to a structure erected upon it. The “footprint” of your home couldn’t exceed 1,280 square feet if the city code says that the building can’t occupy more than 40% of the lot....
Academic recommendations may also be requested as part of a job application, especially for an internship or entry-level position. They can be particularly powerful when a position is aligned with the applicant’s academic experience. What’s in an Academic Recommendation Letter? An academic reference letter is typically one to two pages in length. It highlights a student’s academic history, character, and academic or career goals. The letter expands upon a student’s report card or transcript, providing insight into how the applicant behaved as a student and is likely to perform as an employee....
There are simple answers to the most common questions about how to keep your personal budget in step with the real world. Some answers will need to be adjusted to your own level of income and saving habits but are generally the best way to ensure a financially stable future. How Do I Budget for One-Time Expenses? Most household expenses can be easily accounted for every month: car payment, groceries, rent or mortgage payment, and so on....
The U.S. economy added 531,000 jobs in October, the most since July and more than the 450,000 economists had expected, according to monthly data released Friday by the Bureau of Labor Statistics. Not only that, but the total number of jobs added in August and September was actually 235,000 higher than originally reported, the bureau said. The rebound in monthly job growth paints a far better picture than we had before Friday, when it looked like the labor market recovery had slowed to a crawl and September appeared to be the worst month so far this year....
Learn more about when an employer might owe back pay and how you can collect it. What Is Back Pay? When an employee hasn’t been paid the full amount they are owed, the difference due is called back pay. Back pay is a way for an employer to remedy a mistake in payment or wage violations, whether deliberate or accidental. Salaried workers, hourly workers, freelancers, and contractors are all entitled to back pay....
People are finding that a gap year affords them the time to spread their wings and find out what they really want to do with their future. In the past, it was believed that getting a job or going immediately on to graduate school were the only options. But with more choices available, taking a gap year after high school or college can be a worthwhile—and economical—experience. Who Should Consider Taking a Year Away From Studies Of course, there are students who already know what they want to do and have known for quite a long period of time....
That doesn’t mean bond funds don’t have a place in your portfolio. And it doesn’t mean you should sell your bond funds just because the market is changing. Finding the best bond funds for rising interest rates and inflation can be easy if you know what types of funds to look for. How Are Bonds Related to Interest Rates and Inflation? The reasons that bonds are sensitive to interest rates and inflation are often explained in a way that’s tough to understand, but it doesn’t have to be that difficult....
Choosing the right investments to put in your Roth IRA can help you grow your retirement nest egg. Mutual funds can be good ways for hands-off investors to easily create a diversified portfolio and let someone else do the management for them. Roth IRA Investing Strategies Using a Roth IRA to invest is very similar to investing in other accounts. You want to build a diversified portfolio that has the best chance of gaining value over time....
Investing in sectors can be a smart way to diversify a portfolio and to increase potential for higher returns in growing industries. The beauty of sector funds is that investors do not need to go out and do their own research to find the best stocks within a given sector; they can simply buy a basket of stocks within a sector by purchasing shares of a sector fund. Some of the best sector funds are available at Fidelity, who offers over 40 sector funds....
