Your Weekly Fisecal Vol 8
It’s time for this week’s best personal finance articles, hand-picked by us. Check them out below:
“The certificates are created and taught by Google employees, do not require a college degree, can be completed in three to six months and are offered through the online learning platform Coursera. Google says it will consider all of its certificates as the equivalent of a four-year college degree for related roles at the company.”
“There are financial penalties — including interest charges, which are applied to both what you owe as well as any incurred penalties, and other fees — associated with missing the tax filing deadline if you owe money.”
3. The Hourly Income You Need To Afford Rent Around The U.S. – Huffington Post
“At federal minimum wage, the average American worker would need to log 97-hour weeks for 52 weeks per year to afford a two-bedroom apartment or rental home, according to the report. For the overwhelming majority, not even sharing a dual income with a federal minimum wage-earning partner would cover a two-bedroom rental in their state.”
“Reach out to your plan provider or another financial professional to make sure you understand how a distribution or loan will impact your financial well-being.
Also, remember that your 401(k) or IRA may not be your only resource. Make sure you consider alternatives, such as credit cards or other savings you may have.
However, taking money from your retirement account ‘is not the end of the world and sometimes can be the right financial decision,’ [Nathan] Voris said, [senior managing director of business strategy at Schwab Retirement Plan Services].
‘It’s all about making a thoughtfully informed decision.'”
“The average 30-year fixed-rate mortgage fell to a record low of 2.98% this past week, according to Freddie Mac. That’s the lowest level in the nearly 50 years of the mortgage giant’s survey. The 15-year fixed-rate mortgage dropped to 2.48%.”
“Should you refinance? Since it takes time, money and the right circumstances to justify it, the answer is: It depends. Today, I’m launching a three-part series to help you decide”
Fisecal’s Note: If you’re thinking about refinancing, this is an excellent 3 part article series that explains the financial aspects you should consider before doing so. These are quick-read articles, with each article containing about 4 or 5 short paragraphs.
7. 11 Self-Care Investments You Should Never Feel Guilty Spending Money On – The Financial Diet
“if I can do some financial Tetris, I know therapy will make me feel better and help me live a happier, more manageable life. I’m also well aware that I’m lucky and privileged to be able to afford investments like therapy. Some people can’t or don’t have access, and that goes for a lot of investments that make life more comfortable. This makes me feel incredibly grateful that I can afford the following investments in my mental or physical health and helps me feel appreciative rather than nauseous over this type of spending.”