What Is A POS? Meaning And What You Need To Know [EXPLAINED]

 If you have a business, you may have heard of a POS. Join our discussion and learn more about this beneficial system. When you own a business, there are many moving parts. One that many people speak of is POS. What is POS, and what do you need to know about it? POS, or point of sale, is where a customer pays for a good or service. Most people recognize this spot. If you're in a coffee shop, it … [Read more...]

How Much Does A Conservator Get Paid? [FIND OUT HERE]

Becoming a conservator is a significant commitment and can take up a lot of time. This leads to many people wondering how much a conservator gets paid. Conservators receive reimbursement for their expenses, and they must receive "reasonable" payment. In practice, family members who serve as conservators do not always receive payment unless they make an explicit request. Professional conservators … [Read more...]

Who Should Claim Child on Taxes with 50/50 Custody?

If you are divorced and have 50/50 custody, you might be wondering if you can claim the child on their taxes. Use this guide to determine what to do. Claiming a dependent on your taxes often gives you a tax break and some other valuable tax credits. However, if you share 50/50 custody with the other parent, you might be wondering who can claim them on their taxes. The IRS has specific codes for … [Read more...]

What Is A Counter Check From A Bank? [FIND OUT HERE]

You are likely familiar with personal checks, but what about counter checks? Discover what a counter check is and how to use them. Counter checks serve as a replacement for personal checks. You may receive some when opening a new bank account or if you temporarily run out of checks. They are convenient, but they can come with additional security risks. Learn more about counter checks, including … [Read more...]

How Do Wedding Loans Work? [COMPLETE BEGINNER’S GUIDE]

Getting married and looking into getting a wedding loan? Read this guide before deciding. Your wedding day is one of the most important days in your life. It's no wonder you want it to be perfect. Weddings can be expensive once you factor in the costs of the dress, the food, and the venue. Some people have to save for years before they can afford their dream wedding. Wedding loans are a way to … [Read more...]

Do Minors Get Taxes Taken Out Of Their Paycheck? [ANSWERED]

Everybody may curse tax season, but it is a burden that everybody must bear. All citizens must pay taxes on various financial aspects of their life, such as income. However, minors usually catch a break in legal terms; you may wonder how tax laws relate to their paychecks! Yes, minors will get taxes taken out of their paycheck. If your income is above a certain threshold, the government will … [Read more...]

How To Get A Salvage Title Cleared? [IS IT WORTH IT?]

With the right tools, you can clear a salvage title on a car. We talk about the process and if it's worth the investment on your end. A salvage title is a death sentence to a car. It means the vehicle suffered extensive damage in the past and is considered a total loss by the insurance company. If you purchase a machine with a salvage title, how can you get it cleared? Is the process worth it, or … [Read more...]

What Is Evidence Of Insurability? [WHEN & WHY YOU NEED IT?]

Getting insurance, whether it's simply renewing your policy or changing your coverage, can be a relatively complex task. In some cases, particularly involving changing coverage levels or benefit amounts, you may need to supply additional information to your insurer before they can sign off on the policy. One of the most common things that are needed for insurers to create or extend a policy is … [Read more...]

What Is Sezzle, And How Does It Work? [FIND OUT HERE]

In the modern age of endless tech startups, company names can come and go like leaves in the breeze without making any mark. You might not know what any of these companies do! However, other companies such as Sezzle may have made their mark on you. Sezzle is a financial technology company that allows customers to utilize payment plans for selected, partnered online stores. By employing a "buy now, … [Read more...]

Power Of Attorney After Death: [WHAT YOU NEED TO KNOW]

Legal matters can be confusing and complicated, with the circumstances regarding the power of attorney and death being some of the messiest. You may be confused as to what powers it has in this scenario! Ultimately, power of attorney ends with the death of the grantor. Once somebody dies, any power held over them by others is considered null and void. The only people with executive control are the … [Read more...]

What Is Discretionary Fiscal Policy? [WHAT YOU NEED TO KNOW]

Discretionary fiscal policy is when the government deliberately changes its spending or taxation to influence the economy. This could be done in response to a recession or economic growth. Discretionary fiscal policy is enacted through changes in government spending or taxes, or both. These changes can be made through legislation or through an executive decision. Discretionary fiscal policy is a … [Read more...]

Can A Co-Signer Be Removed From A Mortgage? [ANSWERED]

Depending on your credit score or income, you may have needed a co-signer for your mortgage. Discover how to remove co-signers from the mortgage when you no longer need their assistance. Some lenders let you remove a co-signer with a co-signer release form, but this is not always an option. The best option for most people will be to refinance the mortgage without the co-signer. However, in these … [Read more...]

How To Take Over Car Payments? [WHAT YOU NEED TO KNOW]

When buying a used car, you may find yourself taking over car payments. But how do you go about doing this? The owner of the auto will have to confirm with the lender that this is an option. Then, you will need to prove to the lender that you are able to make the payments. Finally, you can complete the sale and paperwork. The process will likely involve negotiations between you, the buyer, and … [Read more...]

How To Borrow Money From Cash App? [SHOULD YOU?]

When you need quick cash, there are several different ways to come up with it. However, you need to be aware of how these different borrowing options could affect you and what the requirements are for them as well. You can use Cash App to borrow money, and the process is simple. This is best only for short-term loans when you need a small amount of money quickly. There is a borrow feature in the … [Read more...]

How To Calculate Marginal Cost? [FIND OUT HERE]

Marginal cost is a unique concept. The calculation is used to determine the cost of output for additional units in production. This extends past the initial cost of production for a set number and considers the additional units to produce. The formula used to calculate the marginal cost is the change in total cost divided by the change in quantity. This formula will include fixed costs as well as … [Read more...]

Subsidized vs. Unsubsidized Loans? [DIFFERENCES EXPLAINED]

Are you considering federal student loan options to fund your college education? Two primary loan categories you'll come across are subsidized and unsubsidized loans, but which one is right for you? And what's the difference anyway? Subsidized loans don't accrue interest when you're in college at least half-time or when loan payments are deferred, whereas unsubsidized loans start incurring … [Read more...]

Extra Debit Card: Is It Worth It? [FIND OUT HERE]

Wondering if an extra debit card is worth the hassle? Use this guide to determine if having an extra debit card is worth it and the pros and cons of having one as well as if it can raise your credit score. Extra Card has made a debit card that allows people to be able to build credit without needing a high credit score to qualify. This sounds like a great idea in theory, but is it worth it? Having … [Read more...]

Loan Deferment Vs. Forbearance [DIFFERENCES EXPLAINED]

 A loan deferment or forbearance will allow you to postpone or reduce your loan payments. We will discuss the difference between these two loan situations so you can make a smart financial decision. Life can throw all sorts of unexpected situations at you, making it difficult to pay on pre-existing loans. When you get behind on bills, this can be an extremely stressful financial situation for you … [Read more...]

Are Scholarships Taxable Income? [FIND OUT HERE]

If you've received a scholarship for college, you might be wondering if you need to include it in your taxes or if it's taxable income. This guide will help you know all the details! Getting a scholarship for school can be exciting and take many of the stresses away of needing to pay for tuition. However, many people wonder if these scholarships they receive are taxable and what they should do … [Read more...]

Undergraduate Vs. Graduate Degree [DIFFERENCES EXPLAINED]

Wondering what the difference is between a graduate degree and an undergraduate degree? This guide will go through all the differences and show you. Whether you are a recent high school graduate or you are going back to school for the first time in a long time, you might be wondering what the difference is between an undergraduate and graduate degree. Getting them confused is common, so we are … [Read more...]

How and Where To Get A Certified Check? [BEGINNER’S GUIDE]

There may be instances you are asked to provide a certified check instead of a personal check. But what does this mean, and how do you get one? Certified checks are personal checks certified by your bank, as its name implies. Essentially, the bank confirms that you have the funds for the check and that the signature is legitimate. Certified checks give the recipient peace of mind that the check … [Read more...]

403(b) vs. 401(k): Can I Have Both? [EXPLAINED]

Saving for retirement can seem daunting for those looking into the various types of tax-advantaged savings accounts. Many people have access to a 401(k) account through their employer, but some may also have access to a 403(b) account through a non-profit or government entity. One of the most popular questions asked by those with access to both types of investments is, “can I have both?” You are … [Read more...]

Personal Loans vs. Borrowing From Your 401(k) – How It Works

Sometimes life throws you a curveball, and due to mounting financial pressure over time or a sudden emergency, you may be in dire financial straits and looking for a solution. There are two very common and even popular ways to get loans to help with these situations, taking out a personal loan and taking a loan that borrows against your 401(k). Many people wonder just how personal loans and 401(k) … [Read more...]

Debt to Asset Ratio – What It Means & How to Calculate

There are several financial figures that represent your financial health—in specific areas and overall. While some will help you better understand your current situation, others can help you know where you’re meant to be and the path you need to take to get there. Lenders (and investors if you’re running a business) also use this data to determine your financial risk and whether you qualify for … [Read more...]