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.”
The Downfalls to Target Date Funds
Key Takeaways Target date funds are a kind of “set it and forget it” way of investing for retirement. This approach doesn’t take into consideration all the variables about an investor, outside of his/her age. A better approach is to examine one’s specific circumstances when deciding how to invest.
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 Reasons Why You Shouldn’t Separate Your Money as a Couple
Key takeaways Over a quarter of millennial couples keep their finances separate. There are three good reasons to consider not separating finances as a couple. Carefully consider the pros of combining your money and its impact on your relationship.
Cutting the Cord to Cut Costs and Connect With Others
Key takeaways All humans need regular face-to-face connections with others to thrive. Video streaming and other advances have eliminated the need for cable subscriptions. People are now getting together with friends to watch their favorite programs outside the home. Did you know that some orphanages have a 30 to 40 percent mortality rate for babies? […]