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My college professor once said you know when you’re an adult when you have a mortgage. His comment couldn’t be farther from the truth. Although, for many people, homeownership is a significant milestone in their life. Not knowing the right questions to ask when buying a house is financially unwise. There are many factors to […]
Here Are 8 Key Questions to Ask When Buying a House Read More »
APR vs. Interest Rate: What’s the difference? Is it important to know? How do lenders calculate both? Which one should I use? These are all great questions! I have good news! This post aims to educate you on Interest Rates and APR, their differences, and how they are calculated. The basics: Interest rate is a
APR vs. Interest Rate: Understanding the Difference can Save You Money Read More »
While owning a checkbook and writing checks to many people might seem a bit outdated, there are still plenty who prefer this method. And although I am a millennial, I still remember using a “voided check” to set up payroll at one of my first jobs during college. As checkbooks become a bit more obsolete,
What Is A Voided Check? Everything You Need to Know Read More »
One of the best decisions you can make is investing in your company 401k. While you might not understand it completely, when your employer offers one you should immediately sign-up for it and contribute. When I got my first job after college in 2010, I had no clue what a 401k was. My parents told
What Is A 401k? How to Invest For Your Future Retirement Read More »
How long to keep tax returns is one of the most asked questions in personal finance. Did you know the average American spends 13 hours every year preparing federal tax returns? For small business owners, that figure almost doubles to 24 hours! It’s always a relief once taxes are filed for the year. But what do you do
How Long to Keep Tax Returns: 7 Questions to Consider Read More »
All of the recent hype surrounding Gamestop, cryptocurrency, non-fungible tokens (NFTs), and meme stocks made me question – is anyone risk averse anymore? Does anyone value consistent returns over the 50/50 gamble to win big or lose it all? Of course, I know the answer is “yes.” There are over $4 trillion in passive funds right now, which
How Risk-Averse Are You? Here Are the Best Ways to Find Out Read More »
Congratulations! You graduated from college and landed your first job! It’s an exciting and scary new chapter all rolled in one. You’ll be making some serious money for the first time in your life, but you’ll also be responsible for some serious adult bills. Before you sign a lease for an apartment or purchase a new
College Graduates: Avoid These 11 Common Financial Mistakes After Landing Your First Job Read More »
When you begin to take a look at your finances and want to put a budget together, you might want something a bit more visual. While the standard ways to budget typically include spreadsheets and even apps on your phone, sometimes it just does not resonate well with you personally. Spreadsheets can be pretty boring
How to Make A Budget Binder and Organize Your Finances Read More »
As you become an adult and will start to take control of your finances, you’ll need to understand some basic financial concepts. And when you start to master these important concepts, you’ll set yourself (and your family) up nicely because you will start to make better decisions with your money. At least, that’s the goal,
11 Financial Concepts To Understand Before Turning 30 Read More »
Sometimes getting out of a financial rut, paying debt, and building up your credit can be tough. This can be especially stressful if your living paycheck to paycheck, your bills keep piling on, and there seems to be no end to any debt you have accumulated. While it can be frustrating and maybe worrisome, you
How Does Consumer Credit Counseling Services Work? Read More »
By keeping tabs on your finances, you can create a secure and fulfilling future. That’s where a personal financial statement comes in. At its core, a personal financial statement offers an overview of where you stand financially at any point in time. It can help you succeed in various aspects of your life. Why You
Personal Financial Statement [What You Need to Know] Read More »
The financial planning process is important to understand as it helps you create efficient action items to better your money. This series of steps will be your go-to strategy that outlines how to budget, where to invest, and what other assets will help you achieve your financial goals. Oftentimes you might be unsure of where
What Are The 7 Steps In The Financial Planning Process? Read More »
Giving your child a debit card can be an excellent way to teach them about money and budgeting early in life. With consumer debt in the US growing to over $14 trillion, according to CNBC and the Fed, any step you can take to help promote financial literacy early can go a long way. However, not all debit cards for
6 Best Free Debit Cards for Kids to Teach Them About Money Read More »
You might have heard people talking about 6-figures in some way, whether that is related to salary or net worth. And you may have also heard or seen references to 7-figures, 8-figures, and even 9-figures too. These types of numbers and amounts are important to understand and will be helpful for reaching your financial goals,
How Much is 6-Figures, 7-Figures, 8-Figures & 9-Figures? Read More »
While learning money skills early in life will be greatly beneficial to you, many times we don’t really pick up on these knowledgeable insights until we reach our 20s. But even then with personal finances, many will still struggle. Generally, this is a financial literacy issue, where we aren’t taught finances via our education system
The Basic Money Skills You Must Try to Master Before Turning 30 Read More »
As an investor, you’ll come across numerous terms and strategies over the course of your lifetime. However, to be successful in your investing and make more informed decisions you’ll need to understand the difference between bullish and bearish markets. If you read any stock market statistics or stock market websites, bull and bear markets are
Bullish Vs. Bearish: Your Guide to Bull And Bear Markets Read More »
