Online Purchase Installments: Good or Bad?
Key Takeaways Many online retailers offer the option to pay for items in installments. Installments may seem like a good idea, especially when there’s 0% interest on a purchase. Be careful not to jump at these offers too often, otherwise your monthly payments may become overwhelming.
Do You Have a Will to Protect Your Family?
Key Takeaways A whopping 78% of millennials do not have a will or advance directives in place. Without these, your loved ones may run into legal issues if you become incapacitated or pass away. Think of a will as a love letter to your family, taking care of them after you’re gone.
A Tangible Budget Trick
Key Takeaways In this digital age, we have fewer reasons to write things down by hand. Science shows that the part of the body that has the greatest connectivity to the brain is the writing thumb. By hand writing your budget, you create both something tangible and a stronger connection from your brain to that […]
The Impact of Millennials’ Spending and Saving
Key Takeaways The millennial generation is the largest part of the workforce in our country right now. As millennials age, the amounts they’re saving and spending are changing. These saving and spending changes are impacting our economy and will continue to do so for several years.
Do You Make Good Money Decisions?
Key Takeaways Simplicity can be the best route for many things, including money. Business Insider recently published the article “7 Things People Who Are Good With Money Know That the Rest of Us Don’t.” If you only abide by one of these, make sure it’s “save first, spend second.”
Found Money: Your Health Savings Account
Key Takeaways Health Savings Accounts (HSAs) are tax deductible, tax deferred, and tax-free when used for health or medical-related expenses. Many people don’t realize HSA funds may be used for retirement. Once you’ve reached your limit on 401(k) contributions, your HSA may be an option for additional retirement savings.
The Importance of Risk Management
Key Takeaways When you’re examining your finances, risk management is an important part of the big picture. We have insurance for a number of things in our lives, but might be overlooking some that could have devastating effects if you need them and don’t have them. Disability, health, and life insurance are key for peace […]
Why Owning vs. Renting a Home Is a Lifestyle Choice
Key takeaways First generation Americans tend to invest almost solely in real estate. Younger generations are sometimes choosing to rent their homes rather than jump into ownership right away. Choosing whether to rent or to own really comes down to a lifestyle choice.
5 Unexpected Costs When Buying a Home
Key takeaways When buying a new home, make sure you know about all the potentially unexpected costs associated with it. Know the costs up front, so you know what you’re getting into. Look at your cash flow and budget to ensure you have the money to make the move.
3 Things You Need to Do to Be Successful
Key takeaways Rational optimism is far different that the stereotypical optimism. Successful people have a reasonable tolerance of risk. Become a rational optimist to be successful in your endeavors.