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Expect the Unexpected: 7 Reasons for an Emergency Fund

FirLyfe

1) Do you have enough money in the bank to pay your bills and cover expenses for 5 to 6 months? Even with good health insurance, out-of-pocket expenses can be significant: The average deductible for employer-sponsored health plans was about $1,655 for single coverage in 2023.(4) In the U.S. About 92 percent of U.S. From: [link] AAA.

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7 Travel Tips and Tricks for Navigating Obstacles on Your Next Journey

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This applies to weather-related cancellations and maintenance issues too. You should also check to see if your credit card offers travel insurance , which can help cover expenses like unplanned hotel stays and meals. Check with your bank to see what ATM fees you might incur while abroad.

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Rent vs. Buy: What’s the Right Decision for You?

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Still, there are plenty of people who appreciate the flexibility of renting and the freedom from spending time and money on home maintenance. Maintenance also costs money, often more than anticipated by homeowners. Many home experts suggest setting aside 1% of your home value annually for maintenance. The Case for Renting.

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What to do if you run out of money in retirement

Work Life

Reverse mortgage rules A reverse mortgage works exactly the way it sounds: Instead of you paying the bank a mortgage payment every month, the lender sends you a monthly payment that you can use for whatever you need. You must stay up-to-date on property taxes and home maintenance. HECM reverse mortgage loans are federally insured.

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How to Untangle Your Assets and Recover Financially After Divorce

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So the process can be comprehensive, she recommends looking at bank and credit card statements for a period of six to 12 months and deciding if the expense is one partner’s or the other’s or a joint expense. It was very common for women to get very long-term spousal maintenance awards, and that just doesn’t happen anymore,” she observes.

Finance 108
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Business owner beware: FLSA compliance and personal liability

Insperity

And if you think insurance can shield you from such expenses, think again. In reality, employment practices liability insurance (EPLI), which may protect a business against claims made by employees in some areas, may not cover wage and hour issues. Control or maintenance of employment records. Staying compliant.

Legal 177
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can I put running my household on my resume?

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On the fiscal side, I create a detailed annual budget, send out monthly income/spending/asset reports, pay bills and payroll (each household member has a personal bank account separate from the household accounts and gets a weekly allowance), and approve large expenses. I negotiate with banks for fee reimbursement and lower APRs.

Payroll 62