The Best Way to Budget in 2025: Is the 50/30/20 Rule the Answer Still?
It’s 2025, and the state of personal finances and budgeting feels significantly different from what it was a decade ago. Inflation is skyrocketing, the cost of living is at an all-time high, and the next recession always seems to be looming. So, does your approach to your finances have to adapt? Let’s examine whether the […]
Roth IRA vs. Traditional IRA: What’s Best for Your Tax Strategy?
Planning for retirement can feel overwhelming, but selecting the right Individual Retirement Account (IRA) is a good place to start. Most people choose between two main options: a Roth IRA and a Traditional IRA. Both offer savings that support your long-term financial health, as well as significant tax advantages. A Traditional IRA provides a tax […]
7 Financial Red Flags In Relationships You Shouldn’t Ignore
Money talks, but in relationships, it often whispers warnings we choose not to hear. While love may seem to conquer all, financial incompatibility can slowly erode even the strongest romantic foundations. Understanding and recognizing financial red flags early in a relationship can save you from heartbreak, debt, and a future filled with money-related conflicts. Keep […]
Practical Strategies to Stay Focused and Motivated While Paying Off Debt
Whether you’re paying off your mortgage, eliminating credit card debt, or repaying your student loans, long-term debt can feel like an insurmountable obstacle with no end date in sight. However, there are ways to maintain your morale and stay on track to boost your motivation and achieve financial freedom. Create a Repayment Plan Two of […]
5 Strategies for Using Credit Cards for Everyday Purchases
Credit cards are often described in negative terms. And it’s true that credit cards usually come with high interest rates and can lead some people into debt. However, if you use credit cards responsibly, they can offer numerous benefits. Financially savvy individuals know how to use their credit cards in a way that allows them […]
How Much Should You Really Spend on Rent or a Mortgage?
Housing is likely the biggest expense in your monthly budget. Understanding your finances and determining the percentage of your income to allocate for rent or mortgage costs is essential for maintaining healthy finances. This guide will help you figure out how much you can afford. How Much Of My Income Should Go Towards Housing Costs? […]
Collateral in Secured Loans: Everything You Need to Know
A secured loan, sometimes called a collateral loan, is a debt that is backed by an asset you own. The lender has the right to seize the named asset to recover their losses if you don’t repay the loan as agreed. A secured loan is different from an unsecured loan, which bases your eligibility on […]
What is Dollar Cost Averaging?
Does investing in an ever-changing and complex market cause you anxiety? You’re not alone. Many new investors struggle with the same concern: “What if I invest all my money right before the market drops?” This fear keeps countless potential investors on the sidelines, causing them to miss out on potential opportunities for growth. Enter dollar-cost […]
Your Financial Guide for Every Month in 2025
Every year, you promise this will be when you get your finances together. Well, let 2025 truly be that year. It can be hard to know where to start, but this 2025 financial calendar will keep you on track. Your 2025 Financial Calendar Here’s a blueprint of what financial tasks you should prioritize monthly to […]
A Guide to Refinancing Credit Card Debt
So, you have credit card debt. You’re not the only one. Credit card debt continues to be at an all-time high in the United States, totalling a balance of $1.2 trillion as reported by the Federal Reserve Bank of New York. Still, you shouldn’t just accept your debt and become complacent. Many Americans hold onto […]
