Should I address it or let it go?
For many, college is a door to a prosperous future, and it elevates feelings of excitement and brings a taste of freedom. It’s a younger student’s chance to become an adult, learning both life and book smarts. It’s an older student’s opportunity to broaden their horizons and grow their passion or career. For whoever is paying for college, it’s often a wave of financial stress and uncertainty. When Americans owe a collective $1.5 trillion in student debt, you’re probably wondering how to save for college.
Student loans make up 11 percent of the cumulative debt in the U.S., surpassing auto loans and credit card debt, and they maintain the highest rate of delinquency across all debt types. That’s no surprise when 43 percent of adults who attend college incur some amount of debt, and 24 percent of those have depended on credit cards to pay for school.
In 2018–19, … Read the rest
If you’re a current college student, you may find yourself wondering what your career — and budget — will look like after you get your diploma. Will the hours spent studying all prove worth it? Internships can be the perfect opportunity to discover your passions, budget expectations, and future goals before accepting a full-time job.
COVID-19 has impacted students around the world, as well as the job market college graduates will be entering. Events, meetings, and learning opportunities have changed drastically from what we know as normal. Even though the landscape has changed this year, there are many companies still looking to hire.
Paid internships can be a great way for students to start thinking about money management, while building real life experience that’ll help them in the job market. Additionally, a study found that 81 percent of graduates said internships helped them pivot their career interests. Not to … Read the rest
COVID-19 has given everyone around the world both time and space to reflect on what individually matters most in life. Whether it’s the chance to walk around outside, or the opportunity to spend more time with your kids, knowing what brought you joy during quarantine can help you learn to spend your money in ways that maximize your happiness. Equally important is knowing what didn’t bring joy to help you avoid wasting time and money.
Here are three simple steps you can take to hold onto joy and let go of what brings you down as we all prepare to live our lives after quarantine:
(Psst…you can also do this exercise, but in less time, with the Mint app!)
Step 1: Rate your spending categories
Think about the last 30 days of your life. These are complex times, but you’ve most likely spent money very differently—more in some categories … Read the rest
We will continue to add updates, so keep checking back for resources and answers to your questions.
First, we want to say that we hope everyone stays safe and healthy. Check out online resources from the CDC on guidance about the coronavirus disease (COVID-19).
Mint is tracking the latest developments and potential impacts COVID-19 may have on your finances, to provide you with as many helpful insights and resources we can to ensure your financial health remains intact, too — we’re all in this together.
For those of us who are still nervous about travel and wondering if the trip insurance we bought covers coronavirus, let’s dive into the details.
Right now with the rise in unemployment, it’s important to take an active role in our finances. … Read the rest
Hello. We have an issue. My SO and I are buying a house. We got pre-approved and have been searching and got an offer accepted. Has not gone further than that yet.
My SO just remembered that he did not file taxes in 2015. He was in a lot of debt at the time and was going to owe $4k and couldn't afford even a payment plan, so he just didn't file. He had outstanding debt owed to the IRS already (something he was ordered to pay in his divorce) and has since paid that. He has filed all of his taxes since then, every year on time. His previous IRS debt is all paid.
What do we do here? Is there any way we can still get this house? Do the underwriters go back that far (he's already provided them with the last few years of returns)? I am
Imagine you have held 100 shares of stock for 10 months, and decide to sell a single option call contract with a 3 month expiration.
My understanding of the tax liability is as follows:
– If the option is exercised within 2 months (before the stock has aged a year), the profit from the sale and premium are taxed at short-term (income)
– If the option is exercised after 2 months (after the stock has aged a year), the profit from the sale and premium are taxed at long-term (capital gains)
– If the option goes un-exercised, the profit from the premium is taxed at short-term regardless. No sale to be taxed, of course.
Is this correct?