Most Americans approaching retirement age face a sobering reality: only 41% feel confident their retirement savings are on track. Understanding where you stand compared to your peers can provide valuable context, but more importantly, knowing how much you truly need can help create a clear path forward. 1. Reality Check Statistics can deceive. Take averages, […]
10 Important Signs You’re Ready to Retire Read More »
APR, or annual percentage rate, plays a big role in how much you pay when borrowing money. Whether it’s a credit card, mortgage, or auto loan, the APR affects your monthly payments and the total… The post What Is APR? How It Affects Loans, Credit Cards, and Purchases appeared first on Crediful. https://www.crediful.com/what-is-apr/ #financialfreedom #money
What Is APR? How It Affects Loans, Credit Cards, and Purchases Read More »
Q. I have recently been made redundant at age 59 and my wife and I need to preserve the capital in my registered retirement savings plan (RRSP) and tax-free savings account (TFSA) while at the same time trying to generate income of about $35,000 net per year for the three to five years until my
Laid off at 59, Louie asks how to preserve capital in his retirement savings Read More »
If we’re not already in a recession, we may soon enter one due to aggressive trade policies that are fueling tremendous uncertainty. As companies and consumers pull back on spending, millions of jobs could be lost, trillions in stock market wealth may disappear, and inflation could persist—potentially ushering in a stagflationary environment. If you’ve been
What A Recession Is Like For Early Retirees: The Good And Bad Read More »
Some millennials won’t have to sweat the spending this year to go to some of the most popular cities to celebrate America’s birthday. According to data from Priceline, Houston and Dallas are the most popular Fourth of July destinations for millennials and the most affordable overall. The ranking was based off of hotel bookings and…
The Cheapest U.S. Cities for a July 4th Getaway in 2025 Read More »
Often being cheap or just a frugal person can sometimes have similarities. But generally when you are being a “cheapskate” you not only are living stingy, but you are clearly avoid paying your fair share of any costs or expenses. A cheap person is someone who always buys items at the lowest possible price. People
10 Wild Signs You’re an Extreme Penny-Pincher Read More »
If you own a rental property , you likely bought it because of the monthly rental income the unit would provide, with the hope of ultimately being able to sell it for a profit in the future. Indeed, some landlords are okay with ongoing rental losses (as long as they are not too large) because
Taxpayer loses case to deduct costs and losses while renting to parents Read More »
You’ve done what they told you to do. Worked the hours. Signed the checks. Carried the weight. You’ve sacrificed time with your family, missed milestones, and still—you kept pushing. Now the business finally makes money. You’ve got some nice toys, maybe a new house, the ability to breathe a little. But deep down, you’re asking
The Truth About Profitability vs. Value: Why a $5M Business Might Be Worth Nothing Read More »
Holden Lewis writes for NerdWallet. Email: hlewis@nerdwallet.com. The article Weekly Mortgage Rates Drop, Giving Home Buyers a Boost originally appeared on NerdWallet. https://www.nerdwallet.com/article/mortgages/weekly-mortgage-rates-5-1-25 #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth
Weekly Mortgage Rates Drop, Giving Home Buyers a Boost Read More »
To ensure your retirement savings don’t dry up, it’s important to follow proven methods that can safeguard and grow your funds. Well-managed retirement savings are essential for achieving a secure, comfortable, and fulfilling retirement. By implementing these strategies, you can help secure a comfortable and financially stable retirement. 1. Take Advantage of 401k Offerings If
10 Effective Ways to Preserve Your Nest Egg Read More »
If you’re a personal finance enthusiast with kids, you’ve probably wondered: at what household income level will colleges stop offering scholarships and grants (i.e., free money) to help your child attend? What is that income cutoff? Given that the cost of college is already outrageous — and likely only getting worse — this is a
The Income Limit To Qualify For College Scholarships And Grants Read More »
Craig Joseph writes for NerdWallet. Email: cjoseph@nerdwallet.com. The article Southwest’s New Fares: Cardholders and Elites Win, Others Pay originally appeared on NerdWallet. https://www.nerdwallet.com/article/travel/southwests-new-fares #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth
Southwest’s New Fares: Cardholders and Elites Win, Others Pay Read More »
Look around. Money flows everywhere, yet financial freedom eludes most people. Why? It’s not about how much you make. It’s about what you do with it. Our daily money habits – those tiny, seemingly insignificant decisions – shape our financial destiny more than any paycheck ever could. 1. Debt Comfort Zone If you can’t buy
11 Bad Financial Habits That Trap People in Poverty Read More »
It’s fair to say most partisan Canadians and their political parties were not thrilled by the results of Monday’s federal election . The surging Liberals did not get their majority (as of press time), even in light of presenting an agenda, from a new shiny face who was not Justin Trudeau, that stoked fear about
Canadians don’t see a unified economic way forward and that’s bad news Read More »
Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com. The article Does a Home Warranty Cover Foundation Repair? originally appeared on NerdWallet. https://www.nerdwallet.com/article/mortgages/does-home-warranty-cover-foundation-repair #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances #generationalwealth
Does a Home Warranty Cover Foundation Repair? Read More »
Deciding to delay retirement by another year can have significant benefits for your financial future and overall well-being. Pushing back retirement can enhance your financial security and contribute to a more fulfilling and stable retirement. Here are the top reasons to consider pushing back retirement another year: 1. Your Savings Account If your savings account
15 Reasons Early Retirement Might Not Be the Best Choice Right Now Read More »
I love participating in loyalty and reward programs. They’re almost always free, gets you free “stuff,” and there’s really no downside. The only risk is that you overspend, which I’m not prone to do. And if you don’t participate, you invisibly subsidizing the folks who do. It’s like not using a rewards credit card, you
Never Ever Hoard Loyalty or Rewards Points Read More »
Nobody enjoys a stock market downturn, especially those who rely more on returns to survive due to a lack of active income. But as parents, we can use these sell-offs as an opportunity to help turn our kids into future millionaires. Although I’m a perennial optimist, I believe our kids are kind of screwed. The
Use Stock Market Downturns To Make Your Kids Millionaires Read More »
Eliza Haverstock writes for NerdWallet. Email: ehaverstock@nerdwallet.com. Twitter: @elizahaverstock. The article Student Loan Default Collections Resume: What to Know originally appeared on NerdWallet. https://www.nerdwallet.com/article/loans/student-loans/student-loan-default-collections-resume-what-to-know #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome #finances
Student Loan Default Collections Resume: What to Know Read More »
Carrying cash can provide numerous advantages in a world that increasingly relies on digital transactions. Having cash on hand ensures you’re prepared for situations where card payments aren’t accepted or technology fails. By keeping cash with you, you’re more adaptable and prepared for unexpected circumstances, giving you a significant edge in daily life. 1. Tolls
15 Moments When Carrying Cash Gives You the Upper Hand Read More »
