Having a budget is essential for financial well-being. Understanding how much money is coming in versus how much you are spending can help you plan for the future while making sure you have enough to live on day-to-day. One of the biggest areas to pay attention to is how much you spend on “wants” versus …
How to Take Control of Your Budget: Wants v. Needs Read More »
The question of how to retire early is a common one. For many people, early retirement is more than just a dream. Many people can retire early by following a good strategy, working hard, and persevering. Several decades ago, retiring at 60 rather than 65 was considered “early retirement.” Today, the way people view early …
Though an emergency savings fund is the ideal source of funds to tap when unexpected expenses arise, sometimes it’s necessary to look beyond your savings account for assistance when life throws you a curveball. There are many options to choose from when it comes to borrowing money, and some forms of borrowing offer advantages that …
Retirement plans have traditionally consisted of three main components: personal savings, Social Security, and a defined benefit pension plan that provides lifetime income. Things have changed quite a bit in the last couple of decades as most Americans no longer have an employee-sponsored 401K retirement plan. Instead, individuals are increasingly responsible for establishing and managing …
Most adults plan for retirement in their 60s. Now that you’re here, it’s important to review your finances and evaluate whether or not you’re ready to take that big next step. For those that are, it’s key to ensure the transition is as smooth as possible. After all, you want to enjoy the fruits of …
If you’re feeling the pinch and wondering why you’re spending a lot more than you’re used to, take solace: you are not alone. The recent pandemic and geo-political instability have caused inflation and resultant price hikes of essential goods and services. As basic needs become more expensive to satisfy, it’s the perfect time to take …
While many people are familiar with saving strategies for the long term, some forget to have an emergency fund for sudden, unforeseen circumstances that could arise. Being financially prepared to handle emergencies can put your mind at ease by ensuring that you have the necessary funds to stay afloat should something serious happen. When you …
By the time you hit your 50s, you’ve likely earned more wisdom, self-confidence, and money than ever before. Your financial situation is probably more stable than when you were younger, and hopefully, you’re enjoying some of the fruits of your labor. As you look toward retirement, however, many financial rules change, so it’s important to …
Many of you may have thought about early retirement. Why not consider it? Working life can take up a lot of time, and it’s normal to imagine what it would be like to retire with plenty of time to enjoy the fruits of your labor. Early retirement is becoming an increasingly popular choice for many …
Losing a job can be one of the most challenging experiences you’ll ever face. Most people live paycheck to paycheck, relying on income from a consistent salary. Unfortunately, Covid-19 decimated the job market. As some businesses downscaled and others closed completely, the unemployment rate rose to 15% in 2020. Even though the unemployment rate has …
