Written by Anthony Carter ·
Filed under Personal Finance
Raising a child is expensive. In many countries around the world there is the expectation that the responsibility of raising their children falls on both parents. Even where the parents are not together there may be legal responsibilities to ensure the child’s welfare. In a lot of places there will be the requirement that absent the absent parent provides some type of child support. In fact the 1992 United Nations Convention on the Rights of the Child stipulates that all members of the UN should guarantee this support. It may even be that a parent living with the child might be obligated to pay this money in some situations.
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Written by Anthony Carter ·
Filed under Personal Finance, Public Economics & Finance
The simplest way to explain an IRA would be to say that it is a retirement account that provides tax advantages. IRA stands for Individual Retirement Account. A lot of people may view an IRA as an investment but this isn’t really correct; it would be better to say that an Individual Retirement Account is a basket where you can hold your investments. This type of account covers a wide range of possibilities and the one you will choose will very much depend on your exact needs.
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Written by Anthony Carter ·
Filed under Personal Finance
As well as income earned as an employee there will also be money that we receive elsewhere that is subject to tax. The 1099-MISC form is related to this other type of income with the ‘MISC’ standing for ‘miscellaneous’. Like all other tax forms it is important to fill this one out correctly and to get advice if you are unsure about the information it should contain. Failure to declare any type of miscellaneous income could lead to problems later and so will be best avoided.
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Written by Anthony Carter ·
Filed under Personal Finance
Usually when we talk about debt management we are referring to assistance given to debtors by a third party. This assistance is usually of the expert variety with the aim being to help the debtor to return to a position where they no longer owe money. In recent years there has been a huge rise in the number of people struggling with debt and this type of assistance is increasingly required. Many businesses have sprung up and these promise to offer debt management solutions; not all of these are good options.
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Written by Anthony Carter ·
Filed under Best Selling Books / Textbooks & Reviews, Investing, Personal Finance
Personal financial planning is an important topic for those of us who are serious about managing our fortunes. The purpose of this type of activity is to bring ourselves and our family closer to financial security. There has been a lot written on this important topic and we will be examining just the top 6 best personal financial planning books here.
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Written by Anthony Carter ·
Filed under Personal Finance
If you have a poor credit report then it will interfere with your ability to borrow money; it may even prevent this altogether. A lot of us will have had debt problems in the past and this many have harmed our ability to get finance in the future or it will mean that we will be expected to pay higher rates. It is understandable that many of us are interested in any way to clean up our credit report and luckily there are some ways that we can do this.
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Written by Anthony Carter ·
Filed under Basic Financial Concepts, Insurance, Personal Finance
A deductible is something that is most associated with insurance policies. It is important for anyone who is choosing many types of insurance to understand what a deductible is and how it affects them. If an insurance policy does come with this type of clause then it could mean that if you have a need to make a claim you might not be entitled to anything back.
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Written by Anthony Carter ·
Filed under Banking, Personal Finance
Banks offer a number of different types of accounts to customers and each of these will work in different ways. It is a good idea to learn about the different accounts because that way you will be more likely to choose the one that is most suited to your needs. In fact choosing the wrong bank account could cost you money because it might mean that you losing out on interest or other benefits.
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