Tag: Personal Finance

man driving a ford car

Should you refinance your auto loan or not?

As time passes, you may get better car deals or simply feel the current auto loan isn’t favoring you and you opt for refinancing. Before you fully decide to refinance, you need to make an educated decision. The truth is, refinancing has its pros and cons, and you need to know them before you make…

Read More
trading operations screenshot

Is IQ Option a good broker for new traders?

IQ Option is a growing online investment platform that allows users to trade stocks, forex, cryptocurrencies, and options. IQ Option initially offered only binary options trading; its early success allowed it to diversify and become a popular platform for many types of investing. Tens of millions of users have accounts on IQ Option, and users…

Read More
laptop display reports charts

Accounting basics everyone should know

Accounting typically seems very complicated which is the reason why the majority of people ignore this field completely. However, this is not the smartest decision as some basic knowledge in accounting will help us save, earn and spend money in a more reasonable way. What is more, basic accounting principles will help us understand our…

Read More
house mortgage illustration

The home mortgage interest deduction under the TCJA

The Tax Cuts & Jobs Act (TCJA) altered the tax code to a degree not seen before in decades. The TCJA eliminated 1031 exchanges of personal property, for instance. Prior to the TCJA, personal property 1031 exchanges were performed very frequently; it was common for car rental companies, as an example, to regularly exchange their…

Read More
mortgage money house hands

Understanding mortgage boot in a section 1031 exchange

Mortgage boot is one of the two most common types of boot encountered in a 1031 exchange. The other common type of boot is cash boot. It’s a rare thing to encounter another type of boot in an exchange. In technical lingo, boot is any property received as consideration in an exchange which is not…

Read More
woman calculating invoices

7 reasons budgeting is important

Do you ever see people spending their money all crazy like? You wonder where they get all of this money from. Do they budget or do they just spend anything that hits their account? There are many reasons that budgeting is important. Budgeting helps us tell our money what to do, instead of the other…

Read More