#personalfinance

Preparing to haggle over a car purchase is enough to make your palms sweat and stomach turn. It also presents an opportunity to cut a deal on one of the most expensive purchases you’ll likely ever make. 📷: Reuters, Bloomberg #negotiate #cardeal #buyingacar #carsales #cartok #vehicle #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | “Stealing the trade” | Don’t tell your dealer! | 1. “I’d like to sell” | Nora Eckert Reporter | The Complete Guide to Haggling: Cars 🚗 | 2. “Actually, I’ll trade in”
The pandemic’s economic whiplash, followed by high inflation, has created a stressful economic situation for many young adults. Average credit-card debt rose 29% to $5,800 in March from a year earlier for millennials and increased 40% to $2,800 for Gen Z, according to Credit Karma. #personalfinance #inflation #saving #money #wealth #genz #millenial #wsj #wallstreetjournal #thewallstreetjournal | Why is money so stressful for Gen Z? | Oyin Adedoyin Financial reporting fellow | J.R. Whalen Host and producer
Many young adults overwhelmed by financial stress cope by ignoring the problem. Psychologists say it is a typical habit among younger people in any era, but the pandemic’s economic whiplash followed by high inflation is making such avoidance more common, say economists and financial advisers. #personalfinance #budget #saving #money #wealth #wsj #wallstreetjournal #thewallstreetjournal | 3 ways to improve your finances 💰 | 2. Save for a specific goal | 1. Review purchases | 3. Enlist financial buddy | J.R. Whalen Host and producer | Oyin Adedoyin Financial reporting fellow
When you're investing for the long run, think of yourself not as a cheetah chasing down gazelles, but as a squirrel burying acorns. Instead of trying to get rich quick by trading the hottest stocks as fast as possible, work on developing your discipline and building good habits. #investing #investor #money #moneychallenge #coworkers #careers #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | ❌ chase hot stocks | ✅ diversify investments | ✅ keep them for years | ✅ regularly add money | Be a squirrel!
Recently accepted to college? Financial advisers say now is the time to negotiate financial-aid packages. Many schools require prospective students to make enrollment decisions by May 1. #financialaid #personalfinance #collegetuition #fafsa #college #tuition #student #money #collegestudent #wsj #wallstreetjournal #thewallstreetjournal | • academic performance • updated test scores • major awards | • lost jobs • expensive medical bills • supporting older parents
Divorce lawyers and couples counselors see how often money leads to the end of a relationship. Many seasoned legal, financial and counseling professionals say they have seen firsthand the repercussions of letting money problems linger and cause resentment. We asked some of them to share lessons they have learned and put to the test in their own relationships. #personalfinance #relationships #Love #divorce #money #marriage #couplescounseling #wsj #wallstreetjournal #thewallstreetjournal
If you want to understand your taxes, you need to know these basic terms. Richard Rubin, WSJ tax policy reporter, breaks down the difference between deductions and credits. #taxtok #howtodoyourtaxes #taxseason #taxes #w2 #1099 #withholding #deductions #personalfinance #wsj #wallstreetjournal #thewallstreetjournal
If you want to understand your tax return, you need to know these three items. #taxtok #howtodoyourtaxes #taxseason #taxes #w2 #1099 #withholding #deductions #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | 10 | 2 | W- | with- | Three | hold- | Tax | 99 | ing
Fewer than one million Americans get audited each year. But individuals who don’t file their taxes, or underreport their income, are at the top of the list. #howtodoyourtaxes #taxseason #tax #taxaudit #taxes #taxtok #audit #irs #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | claiming multiple tax breaks for the same college expenses 👯 | 🚩red flags that could trigger a tax audit 🚩 | selling crypto w/o checking the crypto box on Form 1040 💰 | (according to a tax policy reporter) | not filing your taxes ❌
When it comes to filing your taxes, one of the first big decisions to make is whether you’ll be taking the standard deduction or itemizing your deductions. Taxpayers taking the standard deduction don’t get a specific tax break for having mortgage interest, state and local taxes, or making charitable donations. That likely affects someone’s decisions about making donations or owning a home, among other things during tax season and beyond. #tax #taxtips #deductions #taxseason #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | $12,950 | $25,900 | Tax policy reporter | Richard Rubin | mortgage interest | charitable donations | 🚨 explaining tax deductions in 30 seconds | The Standard | 📝 itemized deductions | state and local taxes
Breaking up can be expensive. Especially if you live together. “Sometimes life has different plans for a relationship,” said financial planner Elliot Pepper. “The ability to easily jump back into your personal savings can really help weather that three-month storm when these expenses are smacking you in the face.” #breakup #relationshipadvice #money #personalfinance #wsj #wallstreetjournal #thewallstreetjournal | Financial planner | Elliot Pepper | Are breakups expensive? 💔
The Supreme Court heard arguments on President Biden’s federal student-loan forgiveness plan, in cases that will decide the fate of the administration’s $400 billion program and test the limits of presidential power. 📷: AP (3), Getty #scotus #studentloandebt #studentloanrelief #personalfinance #studentloans #biden #wsj #wallstreetjournal #thewallstreetjournal | *for borrowers who make less than $125,000
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