At the beginning of the COVID-19 pandemic, President Joe Biden announced a pause on student loans. However, with the pause going away, Dec. 31, 2022, the Biden Administration is setting up a loan forgiveness program to reduce outstanding student debts.

A basic budget provides you with a plan to implement, should a financial emergency strike and you must limit your spending only to your most basic needs.

Okeeba Jubalo is the Founder and CEO of Okeeba Jubalo Fine Art Gallery, located in North Charleston, South Carolina, and is known as the South’s premier African American fine art gallery. As a special guest on Culture Meets Money, Okeeba Jubalo discussed how people could invest and profit from fine art.

There are pros and cons to both debit and credit cards. It’s important to understand how to use both cards so that you can have great financial health.

The idea of having children can be sweet when you think about all the special moments like the cuddles, hugs, and kisses. But the reality of having children is that they are a huge responsibility, especially regarding your finances, as a recent estimate says caring for a child costs $300,000.

Appreciating and depreciating assets both serve an important role in your financial portfolio. Knowing the difference between the two and how to use each one to its greatest effect can maximize their value as you build your wealth.

When President Joe Biden was elected into office, one of his main promises was to forgive borrowers’ student loans, and now it is beginning. Eligible borrowers can receive up to a $20,000 deduction in their outstanding student loans.

Since the beginning of the COVID-19 pandemic, working from home became an option many companies implemented for part-time and full-time employees. However, working long hours began to affect employees’ mental health, which began the workplace trend of “quiet quitting.”

If you find yourself routinely having more month than money, then it may be time to embrace a more structured budgeting approach by starting from zero, zero-based budgeting, that is.

After receiving medical care, a bill must be paid off. Typically, if someone has health insurance, the insurance company will cover all or a portion of the bill. Some may have little to no income, which makes it hard for them to afford insurance, which leads to accumulating debt.

On August 12, 2022, the Inflation Reduction Act was introduced. The Act determined the Internal Revenue Service (IRS) should receive an additional $80 billion over the next ten years to help with tax enforcement on high-net-worth individuals.

Authorized users, like cosigners, should be carefully considered before adding them to a credit card account. If not, it can be a costly mistake and will likely ruin your credit score.

Professional athletes in their late teens or early twenties earn millions of dollars. Unfortunately, as we have seen from some of our former favorite athletes, many spend more than they save and invest.

For a second straight quarter, the gross domestic product (GDP) of the United States fell, the typical definition of a recession. Due to the rising fears of a recession, companies have reduced their job openings, and there is a possibility some people will be getting laid off in the near future.

If you have decided to attend college, you will likely have to make many significant life choices before graduation. Below are some money management techniques that can help you save money and improve your financial situation.