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.
by Matin VarshochiEach year, on September 5th, the International Day of Charity is held to raise awareness of many sociological issues faced daily in less fortunate parts of the world. As some parts of the world are dealing with the worst effects of humanitarian crises, the United Nations deemed it necessary to have a day to increase solidarity and social responsibility towards taking action.
by Matin VarshochiAfter 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.
by Matin VarshochiThe Coronavirus pandemic caused financial uncertainty for individuals and businesses. Some companies laid off employees to cut costs and maintain revenue.
by Matin VarshochiFinancial decisions like purchasing a cell phone or applying to rent an apartment or house will require you to have your credit score in good standing. A low credit score can also allow lenders to charge you a higher upfront cost or pay more money because you aren’t considered creditworthy.
by Matin VarshochiProfessional 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.
by Matin VarshochiSince the beginning of the pandemic, the cost of living has continued to rise due to the surging inflation rates. When the Bureau of Labor Statistics calculated the most recent inflation rate using the Consumer Price Index, it was determined that it was at its highest level in 40 years.
by Matin VarshochiThe USD and Euro are nearing parity, meaning that their bank notes could be used internationally without a change in purchasing power.
by Matin VarshochiA study conducted by Oxfam observed the minimum wage workers earn across the country and found that nearly 1/3, or 32% of all workers are compensated at an hourly wage below $15. With the cost of living rising due to the economy's current conditions, now is a crucial time to try and increase your working wage to ensure your disposable income does not lower.
by Matin VarshochiRecently, the Chief Executive Officer of Tesla and SpaceX, Elon Musk, received a class-action lawsuit regarding his role in promoting Dogecoin on social media. The main plaintiff, Keith Johnson filed the lawsuit, alleging that Musk manipulated the coin's value and designed a pyramid scheme for personal gain. Due to the serious allegations against Musk, he is being sued for $258 billion.
by Matin VarshochiIn the first quarter of 2020, when the COVID-19 pandemic first began, household wealth declined. However, since then, it has continued to rise, until now. A new recent report released by the Federal Reserve looked at the wealth of households and highlighted key financial data regarding where money is rising and falling.
by Matin Varshochi