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Heading to College Or Your First Job? Avoid These Common Money Mistakes
NBC 7’s Claudia Simones spoke with financial experts to see how to avoid some of the most common money mistakes for young adults.
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Heading to College or Your First Job? Avoid These Common Money Mistakes
Young adults are heading off to college or starting new jobs. If you know someone making some big life moves, here’s what financial experts say they should do.
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Ways To Avoid Taking This Season's Holiday Debt Into The New Year
Americans are expected to shell out $184 billion dollars this holiday shopping season, according to a recent report from online financial website, NerdWallet.com. According to the report, the average American will spend $825 on gifts this holiday shopping season, up $50 from last year and more than $300 from just five years ago. And while shoppers will soon be queuing…
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What To Know Before You Take A Student Loan
Student loan debt in America has now surpassed the $1.5 trillion dollar mark. Studies show that 70 percent of college students are already in “significant” debt by the time they order their cap and gown.
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Denver Is 1st US City to Decriminalize ‘Magic Mushrooms'
Voters narrowly made Denver the first U.S. city to decriminalize psilocybin, the psychoactive ingredient in “magic mushrooms.” Decriminalization led by a slim 51%, according to preliminary figures on Tuesday’s election released by Denver’s Election Division. As many as 1,300 votes still remain to be counted, but that figure was not enough to swing the vote the other way, division spokesman...
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Why That IRS Calculator Might Not Be Enough to Pinpoint Your 2019 Tax Liability
Hoping to avoid a tax surprise for 2019? Talk to your accountant before you use the IRS tax withholding calculator. That’s because user error and failure to consider state and local taxes could result in incorrect adjustments to the income taxes you have withheld at work. The 2018 tax year brought in a host of changes for filers as they...
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If You Hit the $750 Million Powerball Jackpot, Here's Your Tax Bill
The Powerball jackpot just won’t quit. After no one hit all winning numbers in Saturday night’s drawing, the top prize has jumped to a whopping $750 million. And while players daydream about what they’d do with such a windfall, they should remember they wouldn’t really end up with the advertised amount. Whether you take the prize as an annuity spread...
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Utilizing Your Utility Bills to Boost Your Credit Score
Are you looking to boost your credit score but don’t have enough credit history to do so? If so, you may be in luck. Consumers can now use monthly utility, cellphone, and cable bills to give their credit scores an extra boost. Experian, one of the top three credit rating agencies, has launched Experian Boost. Consumers that sign up...
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Confused? 3 Experts Explain Changes in Trump's Tax Law
Tax preparation is rarely easy, but this filing season comes with a unique set of complications. It’s the first year people are filing under the massive overhaul to tax law put in place by Congress in late 2017. Tax season also kicked off days after a partial government shutdown. Still, some taxpayers are feeling a bit confused. The Associated Press...
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A Look at the Impact of the New Tax Law
The first tax filing season under the new federal tax law is proving to be surprising for many Americans. Here’s a look at how some of the changes are playing out.
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I Owe How Much? Americans Shocked by Impact of New Tax Law
The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government. Take Andy Kraft and Amy Elias of Portland, Oregon. The couple had grown comfortable getting a small refund each year, a few hundred dollars or...
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Benefits of Online Banking
The internet has changed the way we handle money whether that’s shopping online, paying bills, or investing money.
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Why Winning the Lottery Isn't Always a Good Thing
Winning the $970 million Mega Millions jackpot may sound like a dream come true. But if you purchase a lottery ticket, buyer beware: Coming into that much wealth can easily become a nightmare, NBC News reported. “You assume money makes you happy or takes care of all your problems. But money doesn’t do that,” warned financial planner Jim Shagawat, president...
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You've Won the $970M Mega Millions Jackpot. Now What?
Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, now at $900 million. It could happen as soon as Friday night, when the next drawing is held, leaving most of us disappointed but some lucky winner beset by a host...
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Nearly $500 Million Up for Grabs in Mega Millions and Powerball. Here Are Three Big Decisions for Jackpot Winners
Between the country’s two biggest lottery games, nearly $500 million in jackpot money is on the table this week. The Mega Millions jackpot has grown to $303 million and Powerball’s top prize is now $193 million, following weekend drawings that yielded no tickets hitting all winning numbers.
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Pay Down Debt or Save Money? How to Allocate Your Cash
It’s one of the most common questions financial advisers hear: should I prioritize paying down debt or building up savings? Americans have a cozy relationship with debt — student loans, credit cards and car loans are commonplace. The Federal Reserve said that consumer borrowing rose $24.5 billion in May alone to hit almost $3.9 trillion. And that doesn’t include mortgage...
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New Jersey Man's ‘Beer Belly' Turns Out to Be Massive 30-Pound Tumor
A New Jersey man was so bothered by his growing gut — something friends, family and even doctors dismissed as a natural “beer belly” — that he persisted in getting it checked out, and eventually made the shocking discovery of what was actually in his stomach.
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Credit Card Debt Hitting Record Numbers
While the economy continues to look strong, shoppers are racking up debt on their credit cards.
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Ignoring Free Retirement Money
Too many workers are passing on employment related retirement accounts.