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 […]
Home Renovations
Key Takeaways Doing a home renovation can be a big project, both in terms of time and money. There are different ways to finance renovations. Give consideration to how much longer you plan to live in your home before you renovate. Are you a homeowner who is itching to update your home? Tired of […]
Avoiding Homebuyer’s Regret
Key Takeaways A recent survey found that 64% of millennial homebuyers regret purchasing their homes. There are several things that factor into homebuyer’s regret. It’s important to purchase a home with your eyes wide open and know the true costs that come with owning a home. Remember Mr. T’s catchphrase, “I pity the fool!”? […]
Pay Extra Towards Your Mortgage OR Put More Towards Your Savings
Key Takeaways Financial peace of mind holds a lot of importance for people, but can come in different forms. A common question in the financial world is whether to pay off a mortgage or build up savings. There are both subjective and objective answers to this question. If you were to ask people what their […]
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 […]
5 Money Changes When Buying a Home
Key Takeaways We tend to underestimate the true costs of things that might be new to us. If you’re buying a home, make sure you’re informed on all the costs that come with homeownership. Purchasing a home also affects your credit rating, something you will want to be aware of if you have any additional […]
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.
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.