income Archives

Feb112023 by David KollerNo Comments

All about savings account interest rates

Business

Savings accounts are basic bank accounts designed to park your money and provide fund access for daily expenses. To cope with inflation and grow wealth, banks also offer savings account interest rates that keep your money from devaluating every passing year. The interest rate on a savings account varies depending on the banks. Moreover, online savings accounts offer high-interest rates due to ease of operation and several other factors. The article below gives an insight into savings account interest rates. Understanding the interest rate on savings account A savings account is a banking product helping you to save and grow your monies over time. When you open a savings bank account, the bank offers an interest rate at a fixed interval which can be on a quarterly, half-yearly or annual ...

Sep32022 by Paul LinusNo Comments

Debtbuster tips: Creating personal debt management program

Finance

Whether suffering from long-term debt problems, or simply looking to reduce personal debts after an expensive season such as Christmas, the creation of a personal debt management program is always a good idea to improve long-term financial health. Creating a Debt Management Program: Income and Expenditure In the first case, one should consider that the key to good financial health relies upon a healthy balance of income and expenditure. Debt can only ever be managed effectively where total income exceeds total expenditure on a regular basis. Start the process by making a list of all the sources of income for the household on one side of a page and a list of all the sources of expenditure on the other. If the total expenditure of the household is greater than the total income, then...

May282022 by Paul LinusNo Comments

Financial planning: Saving is key to stable income for life

Finance

Smart financial planning revolves around saving money from your income. Fundamental financial wisdom for centuries has been to spend less than what you earn. But many people around the world either do not save at all, or even spend more than what they earn. So they borrow money on interest and accumulate debt. The result is that instead of earning interest on investments, they end up paying interest on borrowings. That creates the opposite of wealth creation, which is wealth erosion. Save a Percentage of Your Income You always have two choices in life. The first and the most tempting choice is that you spend all that you earn and live for today. But tomorrow when you retire, or go through a rough financial patch even before you retire, you will not have a financial cushion to sof...

May92021 by Paul LinusNo Comments

How to build passive income online

Business

The dream of sitting back at home and relaxing while money pours into the bank can be exciting. Many people would love to make a passive income, especially from the comfort of their own home. While it is possible, residual incomes take a lot of work and research in order to grow. Write for Revenue Sharing Websites There are many content submission websites that allow users to build a residual income. Users can submit topics on their interests and build a passive income as their page views rise. These websites usually work with Google AdSense and Amazon Associates, two of the most popular methods of building a residual income online. Build a Blog Blogs, like revenue share websites, build earnings as page views go up. Making a blog can be an investment if authors choose to pu...

Sep62020 by Paul LinusNo Comments

Flat Tax vs FairTax

Finance

The Flat Tax and FairTax are thought of by many civic-minded people. The Flat Tax will tax all income above $25,000 for singles and $30,000 for families of four or more at a rate of 15%. This rate would also apply to corporations. The FairTax has a flat rate as well, but it does not apply to income. The FairTax proposes to levy a 23% inclusive tax on all goods and services, meaning that a cart of groceries today costing $77 before tax will cost $100 with the FairTax. Corporations would pay the same taxes as everyone else, just as the rich would. With both of these tax plans appearing to have so many similarities, it is important to note some differences. The Flat Tax Taxes Income While the FairTax Taxes Consumption To clarify the biggest difference between these two plans, it...

Aug212019 by Paul Linus4 Comments

Love marriage problem – Pros and cons of two income

Career

Love marriage problem - At some point, a career woman may also find the need to balance the demands of work and the family as traditionally the wife is responsible for most of the household and childcare responsibilities. Higher academic qualifications, excellent performance on the job and career advancement opportunities given by the company are some reasons that may have propelled the wife's career and income ahead of the husband's. Some men may view the wife's success as a reflection of their inadequacy to provide for the family and this becomes the beginning of love marriage problem. Career and Two-Income Marriage Defined In most industrialized countries, the traditional gender role attitudes and cultural norms which dictate that the husband is the breadwinner while the wi...