If you get paid every two weeks, calculating your monthly income can be tricky. You can fake it by just adding the two paychecks together, but you short yourself a couple of paychecks by doing that. That difference can be the difference between qualifying or not qualifying for a loan or a lease. So here’s how to calculate monthly income from biweekly paycheck.
Getting the math right on this is important. Adding two paychecks together is fine for a quick estimate, but it’s very easy to under-state your monthly income by 28 percent by making two simple mistakes. As you can imagine, that 28 percent can be more than enough to keep you from getting the loan or the lease you want. To do the math right, make sure you have your pay stub or pay statement handy, not just your bank statement.
How much should your mortgage be? One school of thought says it should be as much as possible. I belong to the other school of thought. There is a proven formula for housing costs. I recommend following the formula.
The formula helps you keep your housing costs in line with your salary and with a typical lifestyle balance. The key to financial decisions is keeping a balance while living within your means.
Figuring out the best time to buy computer parts is tricky. It’s not quite like saying the best time to buy a TV is right around the Super Bowl. But there are some tips you can follow to help you find the best deals.
Good timing won’t make building a PC cheaper than buying one, but it can at least narrow the gap, if you have the patience to buy when you find a deal rather than buying all your parts in one shot.
An important financial decision we all make, especially when it comes to cars, is lease vs own. I received some poor advice on this when I was young. Since I don’t want people to repeat the same mistakes I made, let’s go over the two options and what makes more sense.
When you see a for sale ad, you may see phrases like “great for resellers” or “reseller ready” or “resellers welcome.” So what is a reseller? And why does someone selling something want to attract one?
I’ll answer those questions. And if you think you might want to be a reseller but don’t know where to start, I have some tips for that too.
Years ago, I was having lunch with a friend. “You probably don’t save much money by building a PC. I know when I build a mountain bike, I end up spending more.” His logic makes sense. But it’s worth exploring. Is it cheaper to build a PC? Read more
It’s not an uncommon sentiment among women to say, “All my husband cares about is money.” As a man who’s been accused of the same thing himself, I don’t speak for your husband, but I may be able to provide some insight. I know it seems like all he cares about is money, but there’s something a little deeper there.
I’ve long advocated shopping at estate sales as a way to save a lot of money. I frequently get lots of questions about them, for that reason, so I thought I’d try to share some insight. Most importantly, I’ll answer a key question: What are prices like at estate sales?
After all, it’s not uncommon to see a couple hundred people lined up in front of a house to get into an estate sale on Saturday morning. They aren’t standing in line expecting to get ripped off.
Never buy a house. Some people say that’s the best advice they’ve ever received. Depending on your personality type, or where you are in life, I get that. So let’s take a look at the pros and cons of not owning your own home.
Media mail is just about the least expensive shipping method the US Postal Service offers. But many people abuse it, sometimes intentionally, and sometimes unintentionally. So how do you get media mail rates, and more importantly, what qualifies as media mail? What is considered media mail by the USPS?
Nobody explained the rules to me when I sold my first used book back in 2005. So hopefully this will help you.