While non-discretionary expenses are considered mandatory—housing,taxes,debt, and groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary. These are generally considered wants, while non-discretionary expenses are usually referred to as needs. As such, discretio...
Tax deductibles serve as incentives provided by governments to encourage certain behaviors. Governments tend to want people to do things that are deemed beneficial to individuals or society as a whole. The purpose of tax deductibles is to reduce a taxpayer’s taxable income, ultimately lowering thei...
Are you contributing to your 401(k) account at work? Make sure you're getting the most out of your investment! Ramsey Solutions Retirement What Is Asset Allocation? 7 min read Wondering what asset allocation has to do with reaching your investment goals? How about everything! Let’s dive ...
Knowing what to claim as taxable and nontaxable income can reduce your tax liability. Here's what you should know.
You can work with your lender to do the affordability calculations based on your income and the cost of the home you have in mind, and from there, evaluate whether you can reasonably afford it. Remember that when it comes to estimating what you can afford, there are guidelines you can fol...
There are exceptions that can apply. For example, vision benefits are excluded from Medicare, yet there are situations where certain specific cataract surgeries are covered because they are deemed medically necessary. To be sure, it’s always a good idea to consult with your healthcare provider ...
A condominium that has any of the following limitations is deemed non-warrantable: The HOA, or condo association, is involved in a lawsuit. The condo building includes a manufactured home. The property operates as a hotel or a motel. 15% of the total units are 60 days or more delinquent...
Previously, businesses transferring EU citizens’ data into the U.S. relied on a framework called thePrivacy Shieldto ensure the data was sufficiently protected, but that framework was deemed invalid during theSchrems IIcourt case. This forced businesses to rely onstandard contractual clausesapproved...
Expenses for books, supplies, and equipmentthat are deemed necessary for school The followingaren’tqualified expenses: Insurance Medical expenses (including student health fees) Room and board Transportation Personal, living, or family expenses
3.2 Your order constitutes an offer by you to buy the Products on these Terms. You are deemed to have placed an order with us by ordering via our online checkout process. We will only accept your offer (and form the Contract) when we send you an email confirming your order (“Purchase...