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What goods increase with a decrease in income?

When incomes are low or the economy contracts, inferior goods become a more affordable substitute for a more expensive good. Inferior goods are the opposi...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Is a commercial account the same as a business account?

Commercial banking can often refer to enterprises on a larger scale. Corporate banking is another term you may see when looking for business bank accounts...

What does LP mean on MLS?

List Price Sale Type – Indicates if the property is a regular (or standard) sale, short sale, foreclosure, probate, or some other type of sale. LP and OLP...

Can I pay off my car with a HELOC?

Many times, paying off a HELOC early will incur no penalties. This is great for a buyer who wants to pay the loan off early to avoid more interest. A HELO...

Is 160k a good salary for a single person?

Yes, if you’re single with no dependents, it is definitely a good salary. Especially if you’re smart with your finances and don’t spend $$ on non-essentia...

How often should planted pines be thinned?

Thinning back to a basal area of 60 to 80 square feet per acre is a common rule of thumb. Slash pine, biologically, needs to be thinned when live crown ra...

What mortgage payment is too high?

As previously mentioned, the 28% rule means that you shouldn’t spend more than that percentage of your monthly income on a mortgage payment as a homeowner...

How do I find unclaimed retirement accounts?

The National Association of Unclaimed Property Administrators runs a free tool to search for unclaimed assets in any state you’ve lived in. USA.gov offers...

Can I use the equity in my house to renovate?

If you’re looking to perform cosmetic renovations (that is, fixing up the kitchen or bathroom, or repainting walls) and you have at least 20 per cent equi...

Can you deduct transfer of funds to LLC checking account?

In 2017 we started an LLC and transferred some money from our personal account to the LLC checkings account for initial funding. The LLC is a single-membe...