How Does US Income Tax Work

Learn how US federal income taxes are calculated for different people. Income taxes are based on how much money we earn at our job(s) and are usually taken out of our pay before we receive it. In other words, most income tax is collected directly from our employer, so it is removed from our paychecksContinue reading “How Does US Income Tax Work”

Crafting a Personalized Budget

Make a budget you can stick to using your own spending habits. This topic is so important we broke it into two videos. I recommend you watch the one above first (new December 2020), then the one below. Before starting to make a budget, we highly recommend to preliminary steps:  1 – Figure out yourContinue reading “Crafting a Personalized Budget”

Meet the Money Funnies: Monika

Hey, I’m Monika. I live with my girlfriend and our dog in a house I’m constantly redecorating. I love movies and have been to the drive-in theater four times since the regular theaters closed in the spring.  I wasn’t sure about these meetings when Rahel first suggested them, but they’ve been really fun and interesting.Continue reading “Meet the Money Funnies: Monika”

Meet the Money Funnies: Lara

Hey! I’m Lara. I host the Money Funnies weekly get-togethers, so I hope you’ve enjoyed coming inside my living room. I was born in Lebanon and lived in a number of different countries before my parents settled in Texas. They were too busy figuring out the way things work here to teach my sisters andContinue reading “Meet the Money Funnies: Lara”

Meet the Money Funnies: Corinne

Nice to meet you. I’m Corinne. I immigrated to Queens with my parents when I was young and loved growing up surrounded by people from different parts of the world. I’ve worked really hard to get where I am professionally and have enjoyed focusing on financials with my friends for these meetings. My favorite topicContinue reading “Meet the Money Funnies: Corinne”

Credit Score Explained (USA 2020)

Join the Money Funnies as they break down credit scores, credit reports and credit bureaus. A credit score is a number that’s supposed to represent how much of a credit risk a person is based on their previous financial behavior. Credit bureaus keep track of how much debt you have and how often you payContinue reading “Credit Score Explained (USA 2020)”

Meet the Money Funnies: Siobhan

Welcome to Money Funnies. I’m Siobhan, and I’m so happy to be learning about personal finance with you all. My husband and I dream of buying a house here someday, but it’s a lot more expensive than the small town I grew up in. I love dark beer and mint chocolate chip ice cream, sometimesContinue reading “Meet the Money Funnies: Siobhan”

What Defines a Recession?

Join the Money Funnies as they learnabout the lifespan of recessions. We are living through a recession currently, this time related to the 2020 Coronavirus pandemic. But it isn’t the only recent recession. I personally graduated college at the start of the last recession, in 2008. (I’m guessing most people reading this remember that timeContinue reading “What Defines a Recession?”