cost of living
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Budgeting
What Is Inflation and How Does It Affect Your Personal Finances?
Statistics show that inflation has risen in January 2020 and soared past forecasts to touch 2.49%
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Budgeting
How to Control Car Expenses with a Sinking Fund
Owning a car is a lot like owning a house. It’s incredibly exciting when you sign on the dotted line and have a brand-new vehicle to drive every day. But hidden expenses abound with even the newest and best-made cars. And when you have an unexpected expense, you likely may not have an emergency fund large enough to cover the…
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Budgeting
How the China Deal Can Save You Hundreds of Dollars
American households saw their living expenses go up over the last two years. The ongoing US-China trade war is one of the main reasons. However, earlier this month, the two countries reached a partial agreement. The Trump Administration agreed to cancel levies on Chinese imports, including laptop computers and smartphone devices. Moreover, American farmers will sell to China soybeans and…
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Budgeting
Trade and Your Wallet
During the last few years, international trade took center stage. Today, it is even more important to analysts, media pundits, investors, and other economic players. Above all else, issues related to the China tariffs list, the potential USMCA trade agreement, and Brexit have a direct impact on household budgets. To clarify, volatile trade relations translate to unstable food, energy, and…
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Budgeting
Part Two: Inflation and Your Health Premiums
Generally, the government takes care of a portion of your health insurance premiums. The amount is based on someone’s income bracket, which changes every year because of inflation. In a previous article, we discussed how this impacts the average monthly health insurance cost, even if a household’s income doesn’t go up or down. The change will effect the 2019 Medicare…
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Budgeting
Minimum Wage vs. Living Expenses: Texas
A hot topic among today’s political economic discussion is the minimum wage and whether or not it sufficiently provides Americans with the amount of money needed in order to comfortably live in their state. This edition looks at the Lone Star State to see whether their minimum wage is enough for its residents, and whether or not it can improve.
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