Tough economic times, financial mistakes, debt, low-paying jobs, they can all make it harder to save money. If you are having money troubles, don’t lose hope, you are not alone. With a brand-new economic recession underway, millions of people are looking for ways to cut costs. Despite the challenges of saving money, it is still …
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Track Your Net Worth With This Free Spreadsheet
Your net worth is a measure of wealth. It’s the value of all assets minus all liabilities. Track your net worth and see where you stand.
Should You Pay off Debt Before You Invest or Save?
Debt is typically an unavoidable part of living a normal life. Common reasons to borrow money include buying a home, buying a vehicle, or getting a college education. Borrowing to improve your life for the better or increase your future salary can be a smart move. However, it is easy to say that too much …
How to Manage Your Money Like a Millionaire
Millionaires have been carefully studied and evaluated for years and years. Researchers want to identify what it is about them that makes them successful. It turns out that they have a very different relationship with money compared to the average person. How Do Millionaires Manage Their Money? What better way to improve your money management …
40 Things That Are a Waste of Money
Everyone overspends or makes wasteful purchases from time to time. However, if it becomes a habit, you’re more likely to struggle financially. Most money problems stem from poor spending habits. The solution isn’t always to earn more money. It’s better to evaluate where your money is going and cut back on wasteful spending. Avoid Wasting …
What Does It Take to Retire Early?
The average retirement age in America is around 62 to 65 years old. That means the typical life of an American is spent working for almost 50 years or more. Once you’re pushing 70, your quality of life isn’t the same as it used to be, even if you made healthy choices. What’s even worse is that …
How Much Should Your Emergency Fund Be?
An emergency fund is a buffer to help protect you when something unexpected happens. Having one with the right amount can better your life and provide financial peace of mind. While most of society is heavily focused on consumerism and spending, people forget how important it is to save. Emergency Savings: How Much Do You …
Traditional or Roth 401(k)?
If you haven’t heard, there is more than one type of 401(k). You’ll want to know the differences between a traditional and Roth 401(k). Learning more about the differences will help you make the most out of your retirement savings. Both account types offer similar benefits and are a great way to prepare for retirement. …