How to Recession-Proof Your Finances

recession-proof
If you think you can’t recession-proof your finances, then think again. The signs are all there of a looming economic downturn, but you can protect yourself. The key is to start now. What is Your Starting Point? First, you need to review your financial situation. Review all of your accounts, even those you thought you closed but didn’t. Write down your payments, their due dates, and their...
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Self Care Shouldn’t be Expensive

self care
Self care is an essential part of successful living. Taking care of yourself ensures you can function at your highest capacity. However, your self-care practices can be pricey if you’re not mindful. Here are some popular ways to treat yourself without breaking the bank. Massage One of my favorite ways to relax is a deep-tissue massage. I used to pay $65 per month, plus tip, for a massage at one...
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Can an Employer Hold Your Last Paycheck?

last paycheck
If you’ve recently left your job, you may be wondering if an employer can hold your last paycheck. Based on federal law, the answer is no. However, you may not receive payment immediately, and it may not be the amount you expected. Reasons to Withhold Your Last Paycheck Federal law prohibits employers from withholding final paycheck for any reason. Some reasons where an employer might try to...
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Fact Check Finance: Should Housing Costs be 30 Percent of Your Gross Income?

30 percent of gross income
The unwritten rule is that your housing costs should not exceed 30 percent (sometimes 28 percent) of your gross income. Historically, expenses any higher than this indicated a cost burden and lack of affordability. Although widely used for decades, the rate may be unrealistic in this day and age. Gross vs. Net My first issue with the practice is the use of gross income. Gross income is your pay before...
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4 Reasons College Should be Free

reasons college should be free
College should be free. A degree is so widely touted as necessary for a successful life, yet it can be wildly overpriced and unattainable. Here are four reasons why higher education should be free. Value has decreased First, the value of a college degree is no longer there. The cost of tuition alone has increased many times over in the last thirty years. For example, the four-year cost to attend Harvard...
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