Hi there, MarketWatchers. Don’t miss these top stories: Personal Finance ‘I will continue happily shopping there forever’: Costco customers react to retailer’s new $ 16 minimum wage Some 180,000 U.S.-based Costco employees will begin earning $ 16 an hour starting next week, the warehouse retailer’s CEO announced Thursday. We put …
Read More »The Moneyist: Our housekeeper does not work when we’re at home due to COVID-19. We still pay her. Could we treat those payments as a ‘gift’ to reduce her income tax?
Dear Moneyist, Due to the 2020 global pandemic my wife and I have been concerned about indoor exposure to others. We are fortunate enough that we can work from home so we are always here, and no one else is allowed in our home. Because of this, we have tried …
Read More »The Moneyist: My wife and I missed mortgage payments due to debts, yet she asks about vacations and hides her finances. What do I do?
Dear Moneyist, For 10 years, my wife and I saved up and, in 2018, purchased our first home before we hit the age of 30. Over the last two years, events have not gone in our favor, especially with COVID-19. In March, I had to have gallstone surgery, and that’s …
Read More »How to Stop the Foreclosure Process & Reduce Your Payments
Times are tough and some people are falling behind on their mortgage payments and could be facing foreclosure in the near future. If you’re facing financial hardship and are looking into how you can avoid foreclosure this article examines programs that will stop the foreclosure process and reduce your monthly …
Read More »4 things that make up most mortgage payments
As a first-time homebuyer, you’re likely concerned about the financial obligations that come with owning a home. How much can you expect to pay each month? What about taxes? How can you best protect your investment? Similar to other large purchases, like a car or a boat, homeowners are expected …
Read More »Do I have to pay back my $1,200 stimulus check? Don’t fall for these five myths about the stimulus payments
The $ 2 trillion stimulus bill that authorized direct checks to millions of Americans is a sprawling and complicated piece of legislation — true story. But here’s another true story: your money is yours to save, spend, invest or donate because it’s not a loan Uncle Sam is expecting you …
Read More »The truth about unemployment and missed mortgage payments
More than 10 million Americans have filed for unemployment over the last few weeks as the effects of COVID-19 continue to spread. Global cases have now topped one million with the United States seeing 1,000 deaths in one day due to the virus. The ongoing issues with the spread of …
Read More »Trump halts interest payments on student loan debts during coronavirus pandemic
One part of President Donald Trump’s answer to the financial fallout from the coronavirus pandemic is a freeze on collecting interest on student loan payments. “It’s a big thing for a lot of students left in the middle right now,” Trump said Friday afternoon in a Rose Garden address declaring …
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