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 […]
Money Habits Start Young
Key Takeaways Children learn a lot about how to handle money based on how their parents handle money, and from the ages of 7 to 11 is when they are most impressionable. There are little things you can do to teach your children good basic money habits, like getting them a savvy pig to learn […]
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.
Your Money Mentor
Key Takeaways A recent study found that two thirds of people can’t pass a basic financial literacy test. Financial literacy isn’t taught in formal schooling, but it’s so important and mistakes can be costly, so it helps to have a money mentor. A money mentor can be a parent, grandparent, friend, or anyone you know […]
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. […]
Healthy Money
Key Takeaways Money, especially decisions involving money, can take a huge toll on your health. One of the biggest stressors on people’s health when it comes to money, is owing money in the form of loans or debt. Paying off debt or putting together a solid plan to pay off debt is a great way […]
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 […]