Should You Care About Retirement in Your 20s?
When you’re young, it may seem like you have your entire life ahead of you to accomplish any financial goals you may have. After all, your student loans are on a 10 year repayment term, retirement is 30 to 40 years away (that’s longer than you’ve been alive!), and you have plans to live it […]
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How to Financially Prepare for a Job Loss
No one likes to think about the possibility of becoming unemployed, but you can never be too safe when it comes to preparing for financial emergencies. Worrying over how you’re going to pay the bills or stay out of debt is never fun. Whether or not you think you’ll be facing a period of unemployment […]
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How to Forget the Joneses and Embrace Frugality Instead
Have you been quick to dismiss frugality? If you’ve found yourself trying to keep up with the Joneses, it’s easy to think frugality restricts us. We’re conditioned to spend our money on the newest things to hit the market in order to appear “cool.” (Apple Watch, we’re looking at you.) We don’t think twice about […]
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What’s Your Money Personality?
We all have intrinsic habits based on how we grew up, experienced formative periods in life, and how we internally relate to the world. You may have already heard of the Myers-Briggs personality test, defined by Extraversion/Introversion, Intuition/Sensing, Thinking/Feeling, and Judging/Perceiving — but did you know you also have your own money personality? It’s true! And […]
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Life Insurance 101: What You Need (and What You Don’t)
When you think about life insurance, what comes to mind? Pushy salesmen? Expensive? That it doesn’t apply to you because you’re younger? If this sounds familiar, it’s time to understand what you really need to know about life insurance — and educate yourself on what you don’t need. Many young professionals don’t want to discuss insurance […]
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How to Build and Manage an Emergency Fund
Imagine this: you’re driving your only vehicle to get to work, and suddenly one of your tires blows out. While inconvenient, you know you can replace one tire. You take your car to the shop, only to learn you need to replace all the tires. (Oh, and you should probably get your brakes done, too.) Do you have […]
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4 Ways to Avoid Lifestyle Inflation
Have you received a raise recently? Come into an unexpected windfall? Wondering what to do with the extra money? When our paychecks are bigger or our bank accounts are padded, it’s easy to think of all the ways we can spend the extra money: Oh, I can finally take that trip. I can go out with […]
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7 Ways to Financially Prepare for a Baby
Preparing for a baby takes a lot of work and energy — both spent on practical matters and things just for fun. It’s easy to get lost thinking about what colors to paint the nursery, how you’re going to afford to buy everything your baby might need, and trying to brainstorm the perfect list of names. […]
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What Are Mid-Term Goals, and How Can You Plan for Them?
There’s a lot of life to live between now and retirement. Start saving for your mid-term goals so you can create the life you want without worrying about how you’ll pay for it.
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Retirement Savings Plans for Entrepreneurs
70% of entrepreneurs aren’t contributing to a retirement plan. 40% of self-employed individuals aren’t saving regularly, and 28% aren’t saving at all. If you’re behind on saving for retirement, consider these 5 different retirement account options for the self-employed, so you can start saving as soon as possible.
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