Explore payroll taxes and other deductions that get taken out from your paycheck. It’s important to understand the details of our paychecks and paystubs – what are our paycheck deductions. Not just the gross amount we get paid, but the taxes and deductions that get taken out. Most Americans today get a pdf version ofContinue reading “Understand Payroll Taxes & Paycheck Deductions”
Author Archives: Welcome Financial Ed
Breaking Down and Calculating Sales Tax
Understand the tax paid on items you buy and how to calculate what you’ll have to pay. We all pay sales tax nearly daily, yet many are confused about how it works. Sales tax is a percentage paid on top of the base cost of most goods and services. So if I buy a newContinue reading “Breaking Down and Calculating Sales Tax”
How to Avoid Bank Fees
The women discuss bank fees that people commonly run into, from overdraft fees to fees for getting your statement on paper. Bank accounts help with many of our logistical financial needs (like the details of moving money around). But most charge fees that can quickly add up. This is particularly annoying since many of theseContinue reading “How to Avoid Bank Fees”
Talk to Your Parents about Their Money Plans
8 Tips for Getting the Conversation Started Talking about money can be an uncomfortable, and even taboo, topic. But your parents’ financial situation isn’t a concept or a tradition they tried to instill in you. While most people don’t realize it, your parents’ finances don’t stop impacting you when you can fully support yourself. AfterContinue reading “Talk to Your Parents about Their Money Plans”
Figuring Out What You Can Spend on Housing
At some point in their young adult life, nearly everyone will have to figure out how much they can afford to spend on housing. But where to begin is so unclear. There are a few different ways to think about your housing expenses. The average American spends 37% of their (pre-tax) income on housing costs.Continue reading “Figuring Out What You Can Spend on Housing”
Can They Afford That? Looking At New Girl
New Girl (2011-2018) TV shows and movies should do a better job of portraying people living within the realistic means of their income or wealth level. This short video analyzing realism on television features New Girl, an offbeat show about friends in their early 30s living in modern LA with a focus around a largeContinue reading “Can They Afford That? Looking At New Girl”
Can They Afford That? Watching It’s Always Sunny
It’s Always Sunny in Philadelphia (2005-Present) TV shows and movies should do a better job of portraying people living within the realistic means of their income or wealth level. This short video analyzing realism on television features It’s Always Sunny in Philadelphia, a sitcom about five terrible people who run a bar in Philly. SpoilerContinue reading “Can They Afford That? Watching It’s Always Sunny”
Can They Afford That? Looking at Brooklyn Nine-Nine
Brooklyn Nine-Nine (2013-2021) TV shows and movies should do a better job of portraying people living within the realistic means of their income or wealth level. This short video analyzing realism on television features Brooklyn Nine-Nine . Spoiler Alert for all seasons of Brooklyn Nine-Nine. Read more about the origins of the Shoval Test andContinue reading “Can They Afford That? Looking at Brooklyn Nine-Nine”
Can They Afford That? Watching HIMYM
How I Met Your Mother (2005-2014) TV shows and movies should do a better job of portraying people living within the realistic means of their income or wealth level. This short video analyzing realism on television features How I Met Your Mother . Spoiler Alert for all seasons of How I Met Your Mother. ReadContinue reading “Can They Afford That? Watching HIMYM”
Can They Afford That? Watching Modern Family
Modern Family (2009-2020) TV shows and movies should do a better job of portraying people living within the realistic means of their income or wealth level. Our newest short video analyzing realism on television features Modern Family. Spoiler Alert for all seasons of Modern Family. Read more about the origins of the Shoval Test andContinue reading “Can They Afford That? Watching Modern Family”