Guides & FAQs by Balancing Everything

17.02.2021

Milena

Average Utilities Cost – Complete Overview of Monthly Utility Expenses

Being aware of utility expenses is essential regardless of whether you want to buy a home or relocate. The average utilities cost is an expense people deal with monthly, even when they don’t own the property. Electricity, water, and internet are among...

16.02.2021

Milena

Average Mortgage Debt – A Complete Rundown

Americans are drowning in debt, and the largest share comes from mortgages. The country’s average mortgage debt is over $215,000, and the segment has been on the rise for years now. Yet, not every American owes the same balance when it comes to...

Average Food Spending by State Featured Image

25.02.2021

Milena

Average Food Cost per Month – In-Depth Analysis and Trends

Americans’ monthly grocery expenditure varies drastically and depends on factors like age, state, and budgeting. The average food cost per month can be a few hundred dollars for singles and over $1,300 for families. Consumers with a liberal food spending...

The Real Cost of Having a Baby Featured Image

16.02.2021

Milena

The Real Cost of Having a Baby – Full Overview of Childbirth Expenses

Besides being a special moment in any person’s life, childbirth is also a significant part of the economy. The cost of having a baby differs based on where you live and whether you’re insured. About four out of every five dollars spent on newborn health...

16.02.2021

Milena

Everything You Need to Know About SoftBank Group in 2021 + Infographic

Back in 1984, a Japanese entrepreneur presented a 300-year plan to make his company the largest in the world. His name was Masayoshi Son, the person behind the international conglomerate and tech giant SoftBank Group. Like the Japanese investor and...

16.02.2021

Milena

Gas Prices by State – A Complete Overview

Living in one state or another can come with lots of benefits and drawbacks. How much you pay for gas is one of the things that vary in different jurisdictions. With the gas prices by state drastically differing, filling up your tank in some states can save...

Average Credit Card Interest Rate Featured Image

16.02.2021

Milena

Average Credit Card Interest Rate

Scoring a good APR is essential, especially if you often make late payments. The average credit card interest rate in the US has been moving between 12% and 17% over the past several years. This average changes every quarter depending on the latest card deals...

Student Loan Debt by State Featured Image

26.02.2021

Milena

Student Loan Debt by State – A Complete Rundown

In 2021, the total US student debt surpassed $1.4 trillion. Americans are the nation with the highest college debt in the world, with the trend of growing student debt balances showing no signs of slowing down. Do you know the stats on student loan debt by...

16.02.2021

Milena

Tax Burden by State – Full Overview

Tax burden represents the proportion of Americans’ income paid in taxes. In the United States, where you live can heavily affect how much of your annual salary goes to state coffers. That’s why knowing and understanding the tax burden by state is...

Economic Impact of Immigration Featured Image

26.02.2021

Milena

Economic Impact of Immigration – Debunking the Myths

There has been an ongoing debate over the economic impact of immigration in the United States. Despite the nation’s origins, many believe that immigrants do more harm than good, replacing native-born workers, reducing wages, and burdening the welfare...

Global Credit Card Market Share Featured Image

25.02.2021

Milena

Credit Card Market Share in 2021

Whenever someone mentions credit cards, an average customer thinks of Visa and Mastercard. There’s so much more to the industry, however. While Visa dominates the market and boasts the largest credit card market share, there are other players not to...

26.02.2021

Milena

Property Taxes by State – A Complete Rundown

A property tax is the amount you pay to authorities on personal or business properties you own. How much you pay depends on several factors, one of which is your state of residence. That makes it essential to know the property taxes by state next time you...

25.02.2021

Milena

Uninsured Rate by State – A Complete Rundown

Health insurance is essential for a person’s wellbeing, but also their financial state. Not every US state, however, can boast high rates of insured residents. Some states like Texas and North Carolina, for example, have millions of uninsured citizens....

25.02.2021

Milena

DUI Penalties by State – Complete Overview and FAQs

Driving under the influence not only puts you and other people in danger, but it also can earn you a hefty fine. Residents in some states may even have to serve jail time or do community service. Repeating offenders risk losing the license for good, too. What...

The Best States to Start a Business Featured Image

26.02.2021

Milena

The Best States to Start a Business in 2021 – A Complete Rundown

‘All glory comes from daring to begin.’ While its origin remains undetermined, this quote carries a strong message, especially for future business owners. Starting your own company takes determination, hard work, and thorough planning. Even if luck is on...

25.02.2021

Milena

GDP by State — A Complete Rundown

The gross domestic product (GDP) represents the monetary value of all services and goods made in a country within a given period. Experts use GDP to establish a country’s economic state and potential. While usually calculated for countries, in the United...

Best Places to Invest in Real Estate Featured Image

16.02.2021

Milena

The Best Places to Invest in Real Estate

Investing is one of the cornerstones of building personal wealth. Real estate meanwhile is a proven way to capitalize on your investment in the long run. However, it can also be a disastrous step unless you know where and when to purchase properties. That’s...

Cigarette Prices by State Featured Image

25.02.2021

Milena

Cigarette Prices by State – A Complete Rundown

Americans spend an average of $6.65 for a cigarette pack. Not all US residents, however, pay the same price to satisfy their smoking habits. New Yorkers, for example, pay double the price paid by those in Missouri. Meaning, smoking two packs per week will...

The Best Places to Flip Houses Featured Image

26.02.2021

Milena

The Best Places to Flip Houses in 2021

House flipping isn’t dead. While the profits have been dropping for the past eight years, American house flippers can still earn hefty sums. For successful projects, however, you must know the best places to flip houses in the United States. What to look...

US States With the Best Job Market Featured Image

26.02.2021

Milena

The US States With the Best Job Market – A Full Analysis

Finding the job of your dreams isn’t always easy. Especially if you live somewhere with limited employment opportunities. When it comes to work, not all states were made the same. There are regions where workers get more money and access to numerous job...

Most Federally Dependent States Featured Image

26.02.2021

Milena

Most Federally Dependent States – A Complete Rundown

Some US states have a low federal dependency and pay more in federal taxes than the amount they receive in government aid. Other states, however, heavily depend on federal contracts, grants, and different types of assistance. In those cases, federal funding...

26.02.2021

Milena

Corporate Taxes by State – A Complete Rundown

In addition to the countrywide federal corporate tax, individual US states have their own corporate charges. Meaning, depending on where you register your company, you may have to pay more than 21% in corporate taxation. But what exactly is corporate income...

16.02.2021

Milena

Taxes on Inheritance – All You Need to Know

When a parent, partner, or friend passes away, they may leave all or a share of their wealth to you. What many Americans don’t know though is that they sometimes need to pay taxes on inheritance they get from a deceased person. Whether you pay inheritance...

How To Freeze Your Credit Card Featured Image

16.02.2021

Milena

How to Freeze Your Credit and When to Do It?

Did you know that just in 2018, the Federal Trade Commission received 1.4 million fraud reports? About $1.48 billion in losses were recorded, while over 167,000 Americans noticed fraudulent credit card account activities. It’s, therefore, a good idea to...

16.02.2021

Milena

Credit Utilization Ratio – A Complete Guide

When talking about credit score and financial health, one of the most important factors is the credit utilization ratio. In short, this number represents the used percentage of your credit. Depending on how you handle it, you can ultimately build your...

25.02.2021

Milena

51% Attack – All Questions Answered

Does a blockchain network disruption caused by one person or an organization sound scary? Well, this is precisely what could happen in the case of a 51% attack. The potential cost of such an event would be $1.4 billion. While this malicious scenario is highly...

25.02.2021

Milena

Credit Score Factors

Several credit score factors can improve or lower your FICO grade. Not knowing what those factors are or how to monitor them accurately can have serious consequences. Your score may drop significantly and, therefore, severely impact your creditworthiness. As...

What Is a Balance Transfer Featured Image

16.02.2021

Milena

What Is a Balance Transfer and When to Use It?

Around 60% of Americans with a credit card also have credit card debt. A balance transfer is one of the ways to deal with paying the interest on that debt. But what is a balance transfer exactly, and what are the costs associated with it? Are you interested...

16.02.2021

Milena

Late Payments – All Questions Answered

A payment is an amount of money a person owes and needs to send to a service provider or lender. Installments have due dates and missing one would result in missed or late payments. Both late and missed payments have numerous adverse effects on the person and...

What Is a Good Credit Score Featured Image

16.02.2021

Milena

What Is a Good Credit Score and How to Achieve It?

What is a good credit score, and why is it so important? Well, let’s put it like this. Will you get approved for that car loan you need? Is the bank going to greenlight your mortgage? These are some of the things that depend on your credit score. Your FICO...

25.02.2021

Milena

What is a Hard Inquiry?

A credit score is a magic number that reveals a person’s financial reputation. Represented by a three-digit number, this score has a massive impact on the life of American adults. Hard inquiries are among the several things that negatively impact your FICO...

Checking Your Credit Lower It Featured Image

25.02.2021

Arnav

Does Checking Your Credit Score Lower It?

Does checking your credit score lower it? How many times can you check your rating within a month? How to track your credit score without hurting it? We have all the answers you need to track and improve your FICO score – that three-digit number that...