Five Money-Saving Tips for Students
Key Takeaways College can end up costing you a lot more than just tuition these days with all the extras they offer up to get you to spend more of your money. Doing things like sharing an apartment, building a budget, taking part in free activities, using public transportation, and buying used textbooks will help […]
Delaying Your Leap from the Nest
Key Takeaways It might sound strange to be living with your parents at 30, but it can be a good idea to help you defray costs if you have a significant amount of student loan debt. With rent costing anywhere from 30-50% of people’s income, housing is one of the biggest costs in a person’s […]
401(k) Tricks You Probably Don’t Know
Key Takeaways Most people, when they are starting off in the workforce, end up working at a few different jobs for the first few years. Many companies offer matching 401(k) programs, and you can actually roll over one 401(k) at one company to another 401(k) at another company. Most 401(k)s have what’s called a loan […]
Your Money Timeline
Key Takeaways When it comes to investing money, the order in which you invest matters. Before investing in anything, make sure your emergency fund is set up and topped off. It’s important to know what your short, intermediate, and long-term goals are in order to know what assets you should invest in and when.
Scarcity Versus Abundance Mindsets
Key Takeaways A recent Prudential Financial survey of Millennials found that most of them had a rather somber view of their retirement years. Millennials grew up in a time of great technological advancements, but also some very significant events that have shaped a scarcity mindset when it comes to how they feel about the future. […]
The Down Payment Myth
Key Takeaways A recent survey of 3,000 Millennials found that 53% of them said they hadn’t bought a house yet because they hadn’t saved enough money. You don’t need a down payment of 20% of the value of the home in order to buy it; there are several loan types that don’t require that amount. […]
Is It Ok to Ask For Help?
Key Takeaways A recent study showed that many parents are still paying some bills for their adult children, mainly car insurance and cell phone bills. Asking for financial assistance from family members is ok, but there is always a happy medium between not acknowledging money issues at all, or constantly giving money away no matter […]
Step Away from the Social Feed
Key Takeaways A recent study found that 57% of Millennials buy products online from ads or videos they see on their social feeds that they were not expecting to buy. A good way to track your finances so you can see what you truly can afford to buy, is to use an online financial portal. […]
Insuring Your Future
Key Takeaways A recent study found that 75% of young people, parents with children, don’t have life insurance. Some of the reasons given for not having life insurance were that they don’t like the process, they have a false sense of security, they prioritize paying off student debt, they are saving for a home, or […]
Investing Expectations
Key Takeaways There’s a big difference in what the Millennial generation expects in terms of returns on investment in the stock market versus what their parents, the Boomer generation, expect. Going back over 100 years, the return on investment in the stock market is about 10%. There are three things to keep in mind when […]