- Google released its “Year in Search” list and tabulated users’ burning questions from 2018.
- Personal finance questions loomed large in the searched phrases and questions.
- Americans are looking to invest in property and stocks and have lingering questions about cryptocurrency.
Google really is the place to go if you have burning questions that you’re too ashamed to ask a friend.
But even while the collective public was focused on World Cup updates and midterm election results, some of the most Googled questions concerned personal finance.
According to Google searches in 2018, here are the biggest money questions people had — and the answers:
5. How Much Is My House Worth?
Your home was likely a hefty purchase — that you continue to make mortgage payments on — so it makes sense for homeowners to want to know the value of their homes. It’s also nice to know that information in case you want to sell it at any moment. Data from nearby properties and recently sold homes in your neighborhood all contribute to the fair market rate on any given date. For the research- and math-averse, online calculators on Zillow and RedFin provide estimates using only your home address.
4. What Is Bitcoin?
Its popularity and price are nowhere near the highs of late 2017 when it peaked at almost $19,000, but bitcoin still remains a mystery to the public. In simple terms, bitcoin is the world’s first cryptocurrency. Buying bitcoin, or any cryptocurrency, won’t give you physical notes as it’s an all-digital currency that isn’t backed or issued by any bank or government. The price is determined by market supply and demand and bitcoin can be purchased simply using a smartphone app.
3. How to Write a Check
Even in today’s digital world of peer-to-peer payment apps like Venmo and PayPal, checks are still a fairly common way to move money. Checks can be ordered through any commercial bank and are typically connected to the money in your checking account. To write out a check correctly, simply fill in the blank lines with the requested information:
- Fill in the current date.
- Write the name of the person or organization you are paying on the line that reads “pay to the order of.”
- Fill in the numerical form of the amount you are paying in the rectangle to the right of the “pay to the order of” line.
- In the next line, write out the dollar amount in words. For example, if you were writing a check for $150.50, you would write out one hundred and fifty and 50/100. Take up as much of the line as possible to avoid fraud and limit amount confusion.
- In the memo line, write what the money is earmarked for. This could be rent, a birthday present or a utility bill — the possibilities are endless.
- Sign on the line in the bottom right-hand corner.
2. How Much House Can I Afford?
A house is likely one of the most expensive purchases someone will make in their lifetime, so it stands to reason that people are unsure of exactly how much or how big of a house they can afford.
Conventional wisdom suggests abiding by the 28/36 estimation rule. That means your mortgage payment — don’t forget property taxes and homeowners insurance — should be no more than 28 percent of your pre-tax income. Add up all of your debts — meaning student loans, medical bills, credit card debt, auto payments and that mortgage — and the amount shouldn’t more than 36 percent of your pre-tax income.
1. Where Is My Tax Refund?
As tax filing season approaches, it should come as little surprise that taxpayers wanted to find out when they can expect their returns. Fortunately, you won’t have to wait long once you file.
The IRS issues over 90 percent of tax returns within three weeks of filing, according to its website. However, this time frame could expand if your tax forms include errors. Furthermore, don’t always expect to see your return three weeks to the day. Weekends and holidays might delay processing, which includes returns funded via direct deposit.
The IRS also offers the “Where Is My Refund?” tool that tracks your refund status. To use it you will need:
- Social Security number or ITIN
- Your filing status
- Your exact refund amount
Take this quiz to find out if you’re smarter than the average American about finances.
More on Money
- See What a $100K Salary Looks Like After Taxes in Your State
- How to Save Money Fast: 3 Ways to Save $1K in a Month
- The One Piece of Warren Buffett Advice That Will Set You Up for Success in 2019
- Watch: Treating Finances Like a Game Will Help Get You Rich
We make money easy. Get weekly email updates, including expert advice to help you Live Richer™.
Sean Dennison contributed to the reporting for this article.