Why FICA Taxes Are Taken Out Of Your Paycheck
FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to account for Medicare as well.
Read MoreMary White
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Stories By Mary White
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Which States Have A Minimum Wage Of $15 Or More?
On January 1, 2024, two states, Maryland and New Jersey, joined the group of seven states, plus the District of Columbia, with a minimum wage of $15 or more.
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A Look At Federal Vs. State (Vs. Local) Minimum Wages
The federal minimum wage has not changed in 15 years. In July 2009, it increased from $6.55 to $7.25. Many states have higher baseline wages today.
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How Keeping Your Pantry Well-Stocked Can Save You Money
A common budgeting rule is to spend no more than 15% of your income on food. One way to keep your spending under control is to stock your pantry with staples.
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Grocery Shopping Strategies That Save You Money
Shopping at the grocery store is increasingly expensive, but you can keep more money in your pocket by following these frugal shopping tips.
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15 Things Frugal People Do To Make Big Money Moves (And You Should Start Too)
Being frugal doesn't mean being cheap, it means following these money-saving hacks to get ahead of the curve with your personal finances.
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Here's What The DOL's New Overtime Rule Really Means
The Department of Labor recently announced new baselines for employee pay that qualifies as exempt from overtime, with a two-tiered implementation.
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Why Don't All Jobs Pay Overtime?
Why you may work beyond a 40-hour workweek, you may not be entitled to overtime pay; it depends on if your position is classified as exempt or nonexempt.
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Scam Warning: Never Respond If Someone Calls You And Uses These Phrases
Per Trucaller's latest scam report, 21% of Americans lost money from phone scams in 2023. To protect yourself, start by learning what to listen for.
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Places You Should Never Keep Your Money When Traveling
It's not uncommon to hear travel stories about lost cash/cards. To protect yourself, start by not keeping your cash in one place and not in these places.
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What To Do If Your Employer Doesn't Pay You
While your first step to resolving a payment issue with your employer is to visit HR or payroll, sometimes you may need to take your complaint a step further.
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Can You Borrow Money From Chime?
Chime is a banking app, but Chime isn't a bank. It's a fintech company that partners with banks. Among its services is SpotMe. Here's how it works.
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Things That Used To Be Free But Now Cost Money
Life is more expensive than ever these days, and that means you often have to pay for certain things that used to cost you nothing.
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How Much Does An Investment Banker Make?
Though both are called bankers, an investment banker's job is quite different from that of a personal banker; their compensation is very different, too.
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Is The AMC Stubs A-List Subscription Really Worth The Price?
An AMC Stubs A-List subscription allows you to watch movies on the big screen at a discount. Whether or not it's a value will depend on your viewing habits.
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Ways To Stop Receiving Credit Card Junk Mail
Getting nonstop credit card offers is all too common, especially when credit scores are on the rise. Here's how to get them to stop ... or at least, to lessen.
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5 Key Things To Know Before Applying For A Student Credit Card
Consumers often get their first credit card in their name in college. Before you do, though, be aware of what it means to have (and use) a card of your own.
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Here's How Long You Should Hold Onto Your Credit Card Statements
If you haven't yet gone paperless, then you likely have credit card statements around the home. Can you toss them? Before you do, be sure you won't need them.
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Are Home Equity Loans Tax-Deductible?
If you take out a home equity loan, can you deduct the interest? There are two factors that will determine whether or not you can, as well as if you'll want to.
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How Much Should You Spend On A Wedding Present?
The bridal registry dates back to 1924 (and Marshall Field's). Registries make choosing a good gift simpler, but you still need to decide how much to spend.
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11 Small Appliances That Will Help Slash Your Power Bill
Running large applainces non-stop in your home can drive your utility bills through the roof, so try these smaller appliances instead.
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What Is Revenge Spending And How Do You Avoid It?
Revenge spending, which made news following the pandemic shutdowns, slowed in 2023, but this type of spending also happens daily on a more individual level.
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5 Things To Do Before You Dispute A Credit Card Charge
If you find a mysterious charge on your statement, a natural reaction would be to dispute it with the issuer. Before you do so, though, first do some sleuthing.
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Garbage Collectors Make More Than You Realize
Per BLS, there are over 132,000 refuse and recyclable material collectors in the country. Here's a look at how much these essential workers make on average.
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12 Sneaky Ways Hotels Trick You Into Spending Money
These tips will help you be more diligent the next time you book a hotel room, because what you see listed online may not include everything.
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Tips That Can Get You A Smoking Deal On A Hotel Room
Finding the best deal on a hotel room comes down to timing, doing thorough research, and occasionally, being willing to hop on the phone.
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These Kitchen Habits Are Running Up Your Power Bill
By employing these quick and simple kitchen hacks, you can take full advantage of home cooking without worry of overpaying for energy.
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