Using OPM to Pay Off Your Student Debt
Key takeaways Many younger people are focusing solely on paying off their student debt before trying to save any money. Consider how contributing to a 401(k) might help you pay off your student debt using other people’s money. Getting the debt out of the way through a 401(k) loan might be a smart move. […]
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 […]
4 Ways to Get Your Mortgage Down Payment
Key Takeaways If you’re thinking about buying your first home, you may be unsure how much to save for your down payment. There’s also the big question of how to get enough for a down payment. Here are four possible ways to obtain a down payment, with some being preferable to others. If you’ve been […]
4 Key Items in Your 401(k)
Key Takeaways A 401(k) is a smart way to save for retirement and help you reach your future financial goals. If you’re investing in your company’s 401(k), it’s important to understand the math behind it. There are four key items you’ll want to be aware of when it comes to your 401(k).
Building Your Financial Defenses
Key Takeaways In building your financial defenses, are you aware of how your 401(k) fits in? If you have multiple 401(k)s from past employers, you likely have the option of combining them with your current 401(k). Taking a loan on your 401(k) is a tax-free way to access money if you really need it.
Blissfully Married
Key Takeaways For many reasons, getting married is a huge life transition. Combining incomes and budgets is a major part of that transition. Make sure you communicate with your future spouse about your spending strategy – and avoid the stress that can come from keeping money a taboo subject!
The Advantages to Getting Pre-approved for an Auto Loan
Key Takeaways Purchasing a car is one of the biggest purchases you’ll make, and you’ll likely do so multiple times throughout your life. You can get your auto loan pre-approved by an independent lender before you walk into a dealership. There are a number of advantages to getting your auto loan pre-approved.
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.
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.