Advertiser Disclosure Having a credit card is important because it allows you to increase your credit score, making it possible to make large purchases at a good interest rate. However, many people don’t stop and think about what type of credit card is best for them. Certain credit cards come with different perks, and some
Retirement
As you get close to retirement age you may start becoming worried that you will not be able to afford retirement. This is the predicament that older adults are finding themselves in and thus some have to work longer or find alternative ways of ensuring they have saved enough for retirement. Most importantly, when thinking
The COVID-19 Pandemic has dramatically affected the social and financial lives of people. Many businesses have been impacted, resulting in reduced salaries and even furloughing employees as uncertainty continues to grow. The pandemic has taught several lessons about personal finances that they can adapt to when facing an economic downturn. Here are five personal finance
Interest rates, at record lows, have made it extremely difficult for investors to generate solid current income in the capital markets. The situation is the same in many countries, given the meager interest rates from government bonds. Traders are increasingly turning to Exchange Traded Funds, or ETFs, to bolster investment portfolios given their sizeable and
Americans spend many years of their lives scrimping and saving in order to make their way up in the world. They work hard, sometimes at more than one job, and try their best to save money wherever they can. When does someone get to the point of being considered financially stable? Having an Emergency Fund
The cost of living is getting higher every year that passes. Rising costs due to inflation make it difficult to build a profit in many areas of the country. Many people struggle to settle down because they simply can’t afford to live comfortably. Taking a look at the whole country, which state is the most
Many couples have experienced unpleasant fights about money. Someone isn’t saving enough, someone spent too much on a frivolous purchase, or someone is just plain stressed about not having enough. More than 40% of American couples say that money is the biggest source of conflict in their relationship. How can couples avoid fighting about money,
We are in turbulent times. The markets dove low today on news of COVID-19 cases and it created a sudden fear that the good news of re-opening would be short-lived. As markets will fluctuate, in recent times, they have seen more turbulence than normal. We take a look at the reasons today: Explaining the Stock
Saving up for retirement is an accumulation of a lifetime of hard work. It is a difficult task to achieve, but it is a fantastic accomplishment once completed. Once someone has retired from their career and is relying solely on their retirement savings, it is important to ensure that those funds can sustain them for
There are many reasons why someone might look into earning money after they retire. They may have become bored being home all day with nothing to focus on. Or perhaps they have run into an unexpected expense and need a little extra cash to be able to pay for it. Whatever the reason may be,
Advertiser Disclosure A common wish among Americans is that they have time to appreciate the things that they have worked for and more time to spend with their loved ones. A way to achieve this is by retiring early. The common retirement age for Americans is in their early to mid-60s but retiring early can
The lottery is big business. Annually, lottery programs generate over $70 million per year. One of the many questions that people ask one another is: “what would you do if you won the lottery?” It is fun to fantasize about infinite wealth, endless vacations, or early retirement. However, the reality of winning the lottery is
The role of a financial advisor means many different things. Advisors take on the responsibility of guiding their clients through building an asset portfolio, helping them improve their personal financial situation, and being available as a lifeline in the event that things are crashing down in their lives. Advisors are often seen as a fix-all
Advertiser Disclosure With modern-day prices being sky-high, and inflation rising annually, there is no doubt that living in the United States has become very expensive. With this in mind, it is a good idea to stay aware of possible cost-cutting measures that can be used to save a few dollars here and there. Car insurance
Handling finances can be daunting, whether it be for yourself or for your business. Rather than struggle through the numbers yourself, sometimes it can be easier to hire an accountant. This can be incredibly beneficial for you; however, it is important to take some time to find an accountant that will best suit your needs.
Advertiser Disclosure When applying for insurance or a loan, it is often recommended that you have good credit in score in order to obtain a good deal. However, how does someone get a good credit score? There are many different ways to do so, some of which will be explained below. How are Credit Scores
When people buy a home for the first time, they will resign themselves to the fact that they have a long road of mortgage payments ahead of them. A typical mortgage term is 25 years long. It can be pretty intimidating to think about paying it off before then because that could involve hundreds of
With new advances in technology emerging every day, we are fortunate to have lots of options when it comes to apps. There are apps that can play games, track our fitness levels, and help us with our budgeting. These budgeting apps are great, but there are so many to choose from, so it can get
If you file your own taxes, you are likely aware of some deductions that can help you save money. If you have an accountant file your taxes, it is good to be knowledgeable about different deductions so that you can check it over and make sure that you are saving as much money as you
Buying a house with the intention of renting it out can be a great idea. It might bring you a great deal of profit. However, it might also backfire and end up costing you money. Is it worth investing in a rental house, and if so, what is the best way to do so? Personal
Deciding to sell a house and move can be a very exciting decision. It is a symbol of closing one chapter of life and moving onto a new one. However, many people are focused on the high costs of buying a new place to live and are unaware of the expense of selling their old
Being aware of different investment strategies is always a good idea, as some of them may benefit you in the long run. A CD, for instance, is an investment opportunity that can help you take advantage of higher interest rates. What are Certificates of Deposit? A certificate of deposit, or CD, is an investment opportunity
When making out a monthly budget, some people forget to allocate a portion of their income to their emergency fund. They might think that this is fine for the short-term, but it definitely is not sustainable for the long-term. Having a certain amount of cash set aside is essential in case any unforeseen circumstances were
Understanding Financial Scams In this technologically savvy world, hackers are unfortunately getting better at fooling people with their scams. Sometimes it is very difficult to tell when something is a scam, or legitimate. Common scams typically take the form of phone calls or emails, as this is the easiest way to trick somebody. Many scams
What is an IRA? An Individual Retirement Account (IRA), is an investment account that allows for certain tax benefits. An IRA will contain many different types of investments, including stocks, bonds, ETFs, and mutual funds. The purpose of an IRA is specifically to save for retirement. This means that if you try to withdraw the
When thinking about the concept of work and earning money, typically people will picture a dull, monotonous process. They do not picture work as something that they can enjoy. However, this luckily is a false ideology. People can earn money simply through hobbies that they already enjoy doing, thereby turning work into pleasure. Meet the
Which is Better? Many people still do not know the result of the age-old argument of buying a house versus renting. Overall, it depends on the person’s financial goals. Buying a house is more beneficial in the long-term while renting is easier in the short-term. Benefits of Buying a House When people buy houses, it
Getting Started With the recent catastrophic pandemic sweeping through the United States, many employees have been put out of work or been forced to reduce their hours. Luckily, the government has been able to provide some financial assistance for those who have had their employment affected by the virus. However, for many people, this just
The Balancing Act As of the beginning of 2020, the average American household had $137,063 in debt. This debt could be comprised of mortgages, car loans, student loans, credit card debt, etc. People will sometimes wonder which area they should focus on. Should they pay off certain loans, or should they start saving right away?
Budgeting Having a budget is a great tool because it allows someone to critically analyze their spending habits and realistically forecast their future financial goals. For such a simple concept, creating and sticking to a budget can be one of the hardest things to do! However, with a little bit of self-control and perseverance, it