If you’re looking for a way to earn guaranteed interest payments with virtually no risk, then you may want to consider investing in T-bills. T-bills or “treasury bills” are short-term bonds issued by the U.S. government. Just like bank CDs (certificates of deposit), these investments pay a pre-determined rate of interest after they mature which... Continue Reading →
10 Ways to Stop Wasting Money on Food
If the cost of food is putting a huge dent in your finances, then you’re not alone. According to the USDA, food prices soared by 9.9% in 2022 and they are expected to climb another 6.2% by the end of 2023. Obviously, you can’t stop eating. But you also don’t have to let rising food... Continue Reading →
How to Use a Line Item Budget
One of the big challenges in creating a budget that’s actually useful is knowing how much detail to include. Some people believe you’ll need to write down every dollar you spend so that it’s as comprehensive as possible. However, this can quickly create a lot of random data, give you analysis fatigue, and make you... Continue Reading →
How to Stay Financially Motivated
Staying on track with your money can be a real challenge. Whether it's saving for something you really want (like buying a house) or putting just a few dollars away for a rainy day, it seems like there's something that always pops up and gets in the way. According to a survey by LendingTree, only... Continue Reading →
How Do I Make an Investment Plan?
An investment plan is something that every adult needs. The importance of one cannot be understated - it’s how you can turn a little bit of savings with every paycheck into money that could potentially cover your living expenses for the rest of your life. However, investing isn’t just something that can be done arbitrarily.... Continue Reading →
What’s the Difference Between a 401(k) and IRA?
When it comes to retirement planning, you’ll hear the terms 401(k) and IRA grouped together so often that you might start to believe that they’re the same thing. While it's true that both types of accounts can be a great way to help you save for the future and avoid paying thousands of dollars in... Continue Reading →
8 Money Tips Every Teenager Needs to Hear
Personal finance is a topic that teenagers need to learn as they transition into adulthood. However, as incredibly important as good money habits will be in life, it's not something that’s necessarily properly emphasized during their formative years. In fact, it's been reported that nearly three-quarters of teens (74 percent) lack confidence in their knowledge... Continue Reading →
What Are Dividends and How Do They Work?
If you’re thinking about getting into investing but are afraid of losing money, then there’s a special type of security that you may want to consider: ones that pay dividends! Dividends are some of the most highly sought-after types of assets among people who invest and save for retirement. They can add a sense of... Continue Reading →
7 Lifestyle Changes That Will Save You Money
Many people believe that if they simply earned more that they would be able to better cover their bills and have more money to save. Perhaps this is why as many as 44 percent of Americans now have a side hustle in some form or another. However, did you know that something as simple as... Continue Reading →
What to Do If Money is Tight
As hard as we all try to properly manage our finances, sometimes things happen. You spend more than you probably should have. You receive an unplanned medical bill that insurance didn't cover. Something in your house breaks causing thousands of dollars to repair. In all of these cases, you can go from being "okay" financially... Continue Reading →