TessMore Finance Blog

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . You knew the https://tessmorefinance.blogspot.com/2021/12/what-is-fiat-currency-definition-how-it.html?m=1 from that internship or entry-level job would pay off someday, but did you ever think it could hurt you, as well? If you do anything long enough, it’ll become a habit. And those thrifty tricks we used to weather the rough stretches of road and everyday struggles can linger like rain clouds on the horizon, occasionally dampening the progress we make toward financial stability. The “poverty mentality” is a mindset that helps stretch our dollars and cents when they’re in short supply. No, it doesn’t mean you’re poor. But it could mean it’s time to rethink some of your financial habits. Those high-stakes moves you made to survive that period could hinder your financial gains, if they’re still in your life

Capital assets are the backbone of a business. These assets provide financial strength and opportunities to generate revenues. Capital asset management is critical for any business. It helps a business stay competitive and reduce its asset maintenance costs. That in turn can improve operational efficiency and profits of the business. Let us discuss some key aspects of capital asset management. Capital Asset – Definition A capital asset refers to an asset of a business that has a useful life of over one year and that is not held for sale by the business. Capital assets held by a business help in generating profits. However, these assets may or may not be directly involved in profit-generating activities. Common examples of capital assets include: Property, Plant, and Equipment Vehicles such as trucks, vans, cars, etc. Manufacturing or production machinery Office equipment such as computers, printers, scanners, etc. Classification of assets into capital and current assets de

Forget high-yield savings accounts and CDs. If you want a nearly risk-free way to grow your cash, Uncle Sam has an attractive offer. The U.S. government announced a new 7.12% interest rate for Series I savings bonds from November 2021 through April 2022 — the second highest interest rate ever for these investments. That’s big news because Series I bonds— also known as inflation bonds or I bonds — are fetching a much higher return than other conservative investments , like high-yield savings accounts and bank certificates of deposit (CDs). For context, the best annual interest rate for a one-year CD is currently hovering around 0.65% to 0.75%, while the best five-year CDs only pay around 1.2% a year. At 7.12%, these bonds offer a rate about 12 times higher than what you’d currently earn from the best savings accounts. In fact, 7.12% is closer to the historical yearly average of the stock market — typically 10% — than current CD rates. And since I bonds are backed by the full fait

There’s no question that shopping online is more convenient than shopping in-store, but sometimes you pay for that convenience in the form of shipping charges. With the holidays coming up, that cost difference can add up fast. Thankfully, you can make up that difference by taking advantage of some tried-and-true online shopping hacks. Here are some of our favorite ways to save money when shopping online. Download Money-Saving Browser Extensions Rakuten, Capital One Shopping and Honey are some of the most popular browser extensions for saving money online. There are two ways that browser extensions can help: offering cash back on purchases and providing special coupon codes to save you money at checkout. Capital One Shopping provides cash back, coupon codes and even shows if you’re getting a good deal on an item. If not, the extension will show where you can find a cheaper version. When you download these browser extensions, they’ll pop up every time you visit an eligible site. For

Holiday spending can be a delicate subject. No one wants to be the least generous gift-giver in their family or group of friends, but just about everyone is looking for ways to cut back on holiday expenses. Finding that balance requires some finesse, but determining your holiday budget doesn’t have to be a guessing game. Here are some simple strategies to find a spending limit you’re comfortable with. How Much to Spend on Gifts Data from the National Retail Federation (NRF) found that in 2020 the average American planned to spend $650 on gifts for family members, friends and coworkers. Other data from 2020 showed that the average consumer spent $850 on gifts . While the right amount to spend will differ based on your income, cultural norms and other factors, a basic rule of thumb is to spend between $50 and $100 on a gift for a family member and between $20 and $50 for a friend. Buying a gift for a coworker, like an assistant or a boss, usually runs between $20 and $50. How to De

We’re living longer than ever before, and doing so in better health. So what can you do when you retire and want to keep your mind sharp or need to gain additional skills to stay competitive at work? For many, the answer is to go back to school. But tuition can be prohibitively expensive. At the same time, schools want their classrooms to be full of engaged students, regardless of age. In the interest of continuing education, many colleges and universities offer reduced or free college for seniors (typically, adults 60 and up, although the rules vary). In fact, we found at least one option in every state. Free (or Cheap) College for Seniors in Every State While some institutions only allow senior students to audit classes, many offer the chance to earn credits toward a degree at a reduced — or completely waived — tuition rate. Does your state have a senior citizen education program you can use? Find out below! 1. Alabama Alabama seniors can attend any two-year institution withi

With healthcare costs on the rise in the U.S., you may want to learn more about how to use a Health Savings Account. The Health Savings Account, also known as an HSA, can help you cover healthcare expenses, save money on taxes, and even save money for retirement. To get the most from the account, however, you really need to know the ins and outs. In this article, we’ll share some of the best ways to use an HSA, and also touch on some of the limitations. Table of Contents What Is an HSA? HSA Advantages Use an HSA to Lower Your Taxable Income Use Your HSA as a Tax Free Investment Account Use Your HSA for Tax Free Withdrawals Unlimited Rollover of Funds Use Your HSA to Pad Your Retirement Savings Plan Funds are Transferable If You Change Employers HSA Disadvantages Only Those Who Have HDHPs Can Participate Tax Penalties for Unqualified Withdrawals Some Institutions Charge Fees to Manage HSA FAQs Final Thoughts What Is an HSA? A Health Savings Account is a tax-

Quick Navigation 4 Options for Health Insurance for Early Retirees Don’t Retire Completely Private Health Insurance Coverage COBRA Coverage The Affordable Care Act Frequently Asked Questions (FAQs) What Is the Average Cost of Health Insurance for Retirees? Can You Get Medicaid if You Retire at 62? What Is the Full Retirement Age According to Social Security? The old standby that people retire when they turn 65 years of age no longer holds true. For one reason or another, people are hanging up their work boots well before they reach that age when Medicare kicks in. What is the problem then? The problem is that you are too young to qualify for Medicare and you need insurance to cover your medical costs until you hit 65. Finding health insurance for early retirees is job No. 1. It is possible that you have been forced into retirement, and your need for health insurance coverage is even more dire because you may need it quickly. On the flip side of this, you may have been

One of the great things about our immersion into the online world is that it allows anyone to learn high-income skills.  Whether that means working online from home or learning a skill online, you’ve got a variety of options within your grasp. You may not necessarily make huge money at your day job. However, you can learn a high-income skill that can usher you into a much higher income level.  We’re sharing information about several high-income skills you can learn that can boost your income by tens of thousands of dollars per year in this post.  Table of Contents What Is a High-Income Skill? Entrepreneurship Is Key How to Develop High-Income Skills Find Online or In-Person Courses Research the Skill Practice, Practice, Practice 7 High-Income Skills You Can Learn Without a Degree 1. Computer Coding 2. Freelance Writing 3. Voiceover Work 4. Real Estate Agent 5. SEO 6. Social Media Marketing 7. Trade Skills High-Income Skills: Final Thoughts What Is a Hi