Did you know that not all debt is the same? Just like there are "good fats" and "bad fats", there are also good and bad forms of debt. And knowing the difference between the two can make a big impact on which ones you try to avoid or pay off first. Generally speaking, good debt... Continue Reading →
5 Reasons Why You Should Contribute to a Roth IRA
If there’s one retirement account that nearly everyone should consider making part of their nest egg, it’s a Roth IRA. Since their invention, Roth IRAs have been hailed by financial gurus and retirement planners alike as one of the best deals you can get. This is not only because of the unique and creative way... Continue Reading →
5 Ways You Can Live More Frugally
In a survey conducted by OnePoll on behalf of Slickdeals, it was found that an overwhelming 73 percent of Americans made a New Year’s resolution last year that centered around being smarter with money. Some people believe they need to earn more while others would like to become savvier about investing. However, one thing we... Continue Reading →
How Does the Debt Snowball Work?
Do you have several debts that you’d like to pay off, but don’t know where to start? Are you looking for an effective yet simple way to work through them one by one until they’re all gone? If so, then what you need is a payoff strategy like the debt snowball method. Chances are you’ve... Continue Reading →
3 Good Reasons Why You Should Spend Your Money
Sometimes in our efforts to do better with our finances, it can start to feel like all you’re ever trying to do is “save your money". Whether it's for a major purchase (such as a down payment on a house), your retirement, or even just an extra stash for rainy day emergencies, there's never a... Continue Reading →
7 End of the Year Tax Planning Tips for Maximizing Your Return
Your taxes may not officially be due until April 15th of the following year. However, there are steps you can start taking now to get prepared and possibly even reduce how much you’ll have to pay to the IRS. In this post, we’ll go through seven helpful tips you can use to make sure you’re... Continue Reading →
How to Lower Your Taxes with Capital Gains and Dividends
Are you looking for a way to potentially grow your money outside of your retirement funds but without the consequences of having to pay a huge tax bill at the end of the year? If so, then investing in stocks might be your answer. This is because stocks can produce what is known as capital... Continue Reading →
5 Reasons Why a 401k is a Good Way to Save for Retirement
Has your employer invited you to participate in their 401k plan? If this is your first job or you’re new to retirement planning, then naturally you’re going to have some questions. The first thing to know about 401k plans is that they are now one of the most popular ways that Americans save for retirement.... Continue Reading →
How to Control Your Spending During the Holidays
Do you sometimes find yourself financially strained during the holidays? Do you start buying gifts, get the credit card bill the next month, and think to yourself “Did I really spend that much?” If so, then you're definitely not alone. A survey from American Express Pay It Plan It found that 86 percent of millennials... Continue Reading →
How Has Spending Changed Since the Pandemic?
Did the pandemic change your financial situation? Did you have to adjust your spending habits since this all first began? Without a doubt, COVID has disrupted our lives. From the abrupt shutdown of most businesses in 2020 to the uncertainly that followed, it became clear that most household finances would be compromised. This is was... Continue Reading →