FINANCE GURU ADVICE

 What is a Recession? A Recession is a widespread drop in economic activities that affects vario us aspects of an economy. It is often measured by prolonged decline in Gross Domestic Product(GDP) and tremendous increase in unemployment rates.  In United States if there is widespread drop in economy for more than five months, then it is declared as a recession. However in United Kingdom , a recession is defined a negative  economic growth for six months. The National Bureau of Economic Research (NBER) examines various indicators like GDP contraction, increasing unemployment rate, inverted yield curve, industrial production and few more recession indicators. Key Indicators of a Recession  GDP Contraction : One key factor to measure recession is by checking the GDP, which is the total value of goods and services produced in the economy. If GDP declines contracts for 6 months, then it is a clear indication that the economy is in recession. Increasing Unemployment Rate: ...

 Home Insurance Claim Adjuster Secret Tactics As a house-owner , you depend on your home insurance policy to get fund in case of unforeseen damage to your property. However every house-owner must be aware about the home insurance claim adjusters secret tactics. These tactics goes unnoticed due to our lack of knowledge on this topic and desperation. Dealing with an home insurance claiming company can be pretty frustrating and challenging process. Adjusters make use of various unfair tactics to minimize our claim , leaving you feel helpless and undervalued. In this guide, we will delve into  detailed explanation of tactics used by adjusters. Before exploring the home insurance claim adjuster secret tactics, let's have a look into some of the common house insurance claims : Fire & Lighting Storm Damage Theft Water Damage & Flood Coverage Personal Injury TACTICS EMPLOYED BY HOME INSURANCE CLAIM ADJUSTERS 1. Undervaluation : Underestimating the actual value of your claim Un...

Does insurance cover Invisalign ? Invisalign or Invisible alignment is a crowd-pleasing teeth straightening treatment that offers more comfortable and discrete alternative to modern day aligners. Since dental treatments are costly, it's a common query among patients that does insurance cover invisalign treatment. In this ultimate guide we will explore the topic insurance coverage for invisalign. Invisalign : A clear alternative for to traditional aligners Before exploring the topic insurance coverage, let's understand what invisalign treatment entails. Invisalign is a sophisticated orthodontic treatment which uses a series of clear-removable aligners to move your teeth to desired position.  Benefits of Invisalign : removable easy maintenance of oral hygiene no pain eat and drink without any restrictions Fundamentals of Dental Insurance Coverage  There are various dental insurance coverage, however every dental insurance coverage plan is different. There are many dent...

  FINANCIAL PLANNING   Do you feel like your expenses are out of your control?  Are you concerned about inadequate retirement fund? Are you worried or anxious about covering family expenses?  Majority of the people struggle with managing the finance. But don't worry, the good news is that there are resources available for financial plans. By creating a strategic financial plan, you can get complete control over your finances and reach your finance goals. WHAT IS FINANCIAL PLANNING? Financial Planning is the process of creating a well planned comprehensive strategy to manage a person's or whole family's finances effectively. It involves deep analyzing of : income, debt, cash flow, emergency fund, estate plan and few other components. KEY COMPONENTS OF GOOD FINANCIAL PLANNING :  1. SETTING UP FINANCIAL GOAL For a good financial planning you need to setup a  financial goal, which means you should be clear about what you want to achieve with your money. Financi...

  STUDENT LOAN FORGIVENESS NEWS Biden administration greenlights $39 Billion Student Debt Forgiveness Plan. Biden Student Loans Forgiveness is for 804,000 student's. Just few weeks before Supreme Court overturned  Joe Biden's plan to cancel up to $20K of student debt's, however Biden administration declared that it would be forgiving student loan for 800K+ student's. This scheme came after Supreme Court's decision in June, which prevented Joe Biden from forgiving $441 billion in loans.   WHO WILL BENEFIT FROM THE PLAN? Biden student loans forgiveness is only applicable for borrower who have been making payment for 20-25 years. Immediate forgiveness will be provided to borrowers paying debt from two or more decades, yet still have a balance. Mainly focused on borrower's who repays their loans under Income-Driven Repayment(IDR). Late or Partial payments were also made eligible. Bank Services weren't keeping track of qualifying payments, so credits were given t...

  STUDENT LOAN FORGIVENESS WHAT IS STUDENT LOAN FORGIVENESS ? Student Loan Forgiveness is a financial relief scheme that eliminates a portion or complete of a borrower's student loan debt. These borrowers  have taken out loan to pay their college or university fee. This scheme is been introduced to help borrower's reduce their debt burden and improve their personal finance. The US Government invest a good amount from budget plan for student loan forgiveness.  DIFFERENT TYPES OF LOAN FORGIVENESS PROGRAM : a. Public Service Loan Forgiveness(PSLF) Program b. Teacher Loan Forgiveness Program c. The Perkins Loan Cancellation Program d. Total & Permanent Disability e. Closed School Loan Discharge f. Borrower Defense (School Misled) g. False Certification Discharge h. Forgery Loan Discharge i. Discharge in Bankruptcy j. Discharge due to Death ELIGIBILITY CRITERIA  AND STEPS TO APPLY FOR DIFFERENT LOAN FORGIVENESS PROGRAM :  a) Public Service Loan Forgiveness Progra...

  ILTexas Skyward Finance : Optimize Your Productivity with ILTexas Skyward Finance Are you seeking a seamless and effective financial management system for your educational institute? Discover the power of  ILTexas Skyward Finance . In today's fast-paced/AI world, educational institutions face excess pressure to streamline their financial management process in order to enhance productivity and focus on their core mission: providing high-quality education. To achieve this goal, many schools and districts turned into innovative solutions like  ILTexas Skyward Finance . Click Here to login ILTexas Skyward Finance Key Features of ILTexas Skyward Finance : Streamlined/Efficient Finance Management System ILTexas Skyward Finance is a comprehensive finance management system tailored specially for educational institutions. It integrates various various financial functions in to single system. Simplifies complex processes, reduces redundant task, budget planning, vendor management...