Arrest Your Debt

In short: Traditionally, unemployment benefits expire after 26 weeks, but at the moment, you can apply for Pandemic Emergency Unemployment Compensation (PEUC) and get a 24-week extension. If you’re self employed, you may be eligible for Pandemic Unemployment Assistance (PUA), self-employment grants and small business loans. In either case, you’ll also get a reduced weekly FPUC payment until at least mid-March, 2021. It’s also worth noting that in the newest iteration of the COVID-19 relief package, unemployment will include an additional $300 and extended through September 6 th .   Between February and May 2020, more than 14 million people in America lost their jobs. The labor market did rebound somewhat, but 6.2% of the workforce were still unemployed in February 2021. Many people made redundant in the wake of the pandemic turned to unemployment assistance—but some found themselves still out of work months later, wondering “can I get an extension on my unemploymen...

While this post is primarily about periodic fixed expenses, it’s essential we understand the three main types of expenses. By understanding the main expense categories, we can better prepare a spending plan that aligns with our financial goals. The Three Types Of Expenses These are the three main different types of expenses: Fixed Periodic Variable As you can imagine, no two people have the same expenses. A single mother raising three children is going to have different costs than a married couple without children. While each family unit has unique wants and needs, their expenses will still fall into periodic, variable, and monthly fixed categories. Fixed Expenses Fixed expenses are recurring expenses that come in monthly intervals. These expenses are generally the same each month and are reliably static. Examples of fixed expenses are: Rent or mortgage Vehicle payments Internet services bill Phone bill Cable bill Monthly subscriptions Other annual registratio...

Running a small business is no easy task, especially in today’s climate. As a business owner, you likely wear many hats—recruiter, accountant, HR representative, etc. There are so many factors you need to effectively handle to ensure you are as successful as possible. So, what is one of the most important things in your business ? You may think it is marketing, sales, or stocking new products. While those are all essential for success, one of the most overlooked priorities is making sure your employees are happy. The best way to do that is to make sure they are getting paid—correctly and on time. And to do that, we have a few tips for you to manage your payroll as best as you can. 1. Get Organized A crucial part of having a  small business , or any business for that matter, is to be sure that you organized in person, on digital platforms, and in your life outside of work. So, we are sure it comes as no surprise that for your payroll to be managed properly, you need to be org...

For most business owners, scaling operations, achieving growth, and bringing in more revenue is almost always top of the list of priorities. Whether you run a small local business or a Fortune 500 company, it’s never a bad thing to look to the future and put steps in place to catapult your business to new heights and accelerate your business towards success. Although, it’s not as simple as waving a magic wand and hoping for the best. To get to the top, you have to put measures in place and adopt strategies to give you the best chance of getting there. On that note, here is a list of nine things you can do to speed up your business growth and make the vision you have for your company become a reality.  1 – Make Sure You Hire The Right People “It doesn’t make sense to hire smart people and then tell them what to do. We hire smart people so they can tell us what to do.”  – Steve Jobs.  Hiring the right people is absolutely instrumental to your business success. If yo...

Day trading is a popular option for people who want to escape the rat-race and invest in a lifestyle career. We recently looked at whether you can actually  make money from day trading , and in this article, we wanted to go a little deeper and examine a few strategies that you can use to make money day trading. What Is Day Trading? We need to clear up what we actually mean by “day trading” here because there is often confusion about what this term refers to. Day trading in the traditional sense means people who buy  and  sell  stocks,  derivatives, or other financial instruments on the same day. A day trader aims to get in, make money, and get out – and ideally without any open positions overnight. In the past, this has been mainly the preserve of large institutional investors, but as the share dealing market has evolved, so have the opportunities for the home investor. There are many different types of day traders, and each has its own way of going abo...

Insurance salespeople have always had a bad reputation, and almost all of them don’t deserve it. Like lawyers, there are plenty of jokes about shady insurance salespeople, yet their services are still integral to society. If you are new to the search for insurance, you may already be skeptical about the insurance policies that are being suggested. Luckily, we are here to provide some information about what type of insurance you actually need and why you might need it. The irony of paying for a product and service that you hope to never have to need is not lost on us. Insurance is much like a seat belt: you put it on ‘just in case,’ as the cost of putting it on far outweighs the risk of either getting a ticket or getting hurt in an accident. In the best circumstance, you never need to use the insurance policy that you take out. Nevertheless, having the right policy for your current financial and family situation can mean the difference between being okay or going into financial and ...

Paying off your debts is a critical part of a healthy credit profile. Here’s what you need to know about how to find your debts. It’s uncomfortable to admit, but it’s entirely possible that you have debts you didn’t even know about. Whether mail went missing or communication about medical debt got mixed up, it’s possible an account with your name on it is languishing somewhere in collections. Get some tips to find out all your debts so you can make educated decisions about how to clean up your credit history. How to Find All Your Debts Check Your Credit Reports Go Through Old and New Mail Listen to All Those Old Voicemails Contact Creditors You Think You Owe  What to Do After You Find Your Debts Decide Whether You Can or Will Pay Consider Credit Repair Services Keep Up with Credit Reports and Debts How to Find All Your Debts Even if you keep meticulous records, it’s possible for some debts to have fallen through the cracks. And perhaps you know you owe a debt, bu...

They say that what comes up must go down, but an equally true and less discussed phenomenon is that what goes down must come up. At least, sometimes. The idea of a “dead cat bounce” might sound somewhat alarming, but as long as you hear it mentioned within the context of trading, it refers to a particular phenomenon in the  stock market . The phrase comes from the idea that even dead cats will bounce if they fall from a high enough point. When asset prices reach high levels and then drop, they may recover temporarily — even though the asset is ultimately “dead” and will fall straight back down again. Why should you care? Because, by following backtested trading  strategies , you can use them to make a profit. In this article, I’ll cover: What is it and how does it work Why they happen The economic forces behind them How to watch out for your trading psychology while trading them Real-life examples How to trade the bounce What is a Dead Cat Bounce? The media ofte...