paycheck | Something On My Mind

the personal finance blog

Sep 8, 20211 min

PFT #39 - Personal Finance Tip: Debt-to-Income Ratio & The Risks of Getting a Loan Approved

DTI measures the amount of debt correlated to your overall income. This helps to determine if you can get a loan approval

Feb 21, 20215 min

#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

If your standard deduction is less than the total of your itemized deductions, then you should be able to save money.

Feb 8, 20218 min

#45 - The 401(k) and the Roth 401(k) Review

The max contribution for the 401(k) and the Roth 401(k) is $19,500 yealry. If you're over 50, you can add $6,500 in catch up contributions.