It’s long been a question posed in personal finance circles, with plenty of disagreement. What’s more important: growing your income, or saving more money? Earning more or saving more? Some experts will vehemently state that you must focus on earning more, because that’s limitless. Frugality will only get you so far. They’re right. Others will […]
Everyone wants to get the best education possible, but is saving money on a college degree really possible? Of course it is! As with most purchases, there’s a low end of the price range for a college degree and a high end. Don’t make the mistake of assuming you have to sign your whole life […]
A 401(k) is a fabulous tool for savvy retirement savers, and it’s a great idea to get a jump on your retirement contributions early in the new year. With the beginning of 2021 comes a fresh start on a lot of financial things, so be sure you know the 401(k) rules for 2021 in order […]
When money is tight, your emergency fund is the first place you should look for help. If you don’t have a robust emergency fund in place, taking some money from your 401(k) early may seem like an attractive option. But should you make early 401(k) withdrawals? A lot of people are stressed about their finances […]
If 2020 has shown us anything, it’s that you can never truly be prepared for every curveball life may throw your way. A global pandemic has taken all of us out of our normal lives and into something completely unexpected. We now know more than ever how important it is to prepare your finances ahead of […]
Financial independence is often associated with the FIRE movement, but it doesn’t necessarily mean retiring early. You may know that FIRE stands for “financial independence, retire early,” but the FI part of that is really the core thing to pursue. Let’s talk about how pursuing financial independence benefits you, whether or not you want to […]
Most of us tend to get into a generous mood around the holidays. Something about the season makes us think about others a bit more and want to make their lives a little better. But how do you choose legit charities (and avoid scams) this holiday season? Today we’re going to teach you some of […]
How many times have you made a decision about your money that you later regretted? And what’s worse, you knew better beforehand, but made that choice anyway! These irrational decisions occur in every part of our lives, and when we make irrational money decisions, they cause a lot of damage. So let’s dive into the […]
Many of us have older relatives that are already enjoying retirement or are just a few short years away. One of the most caring things you can do for your older parents, aunts, uncles, or other relatives is to make sure they’re all set for retirement. A recent Federal Reserve report showed that 13% of […]