Although budgeting might seem complicated to some, it can be done in a simple format that splits your finances up from each paycheck to ensure that you are splitting your finances wisely. One of the most common ways to do this is by implementing the 50/30/20 rule, which is a monthly budget that shows you exactly how much to allocate… Read more →
Tag: budget
Best Ways to Increase Wealth as a Young Adult: Part 1
If you’re a young adult, you might think that money is hopeless for most people. Most publications and news outlets have labeled millennials as freeloading individuals who would rather spend their money on things they want. It’s common for young adults to live in their parent’s basements and struggle to find well-paying jobs after college. Despite the negative headlines… Read more →
How to Choose a Reliable Financial Advisor
If you’re not a financial expert, choosing a financial advisor can be a difficult decision. There are so many specialized areas that it can be hard to know which one to choose. For instance, estate planning is different from investing. Financial planning is also different from budgeting. One of the best ways to start is by choosing a financial advisor… Read more →
How to Pay Off Debts Quickly: Part 2
Once you’ve collected all of the information about your existing debt, it’s time to make a plan and put it into practice. Make a Plan Before you start working on a repayment plan, it’s important that you understand the big picture. There are two main strategies that can help you pay off your debts: debt avalanche and debt snowball. One… Read more →
How to Pay Off Debts Quickly: Part 1
There are many reasons why people get into debt, such as medical emergencies, unexpected expenses, and job loss. According to a survey conducted by The Pew Charitable Trusts, over 80 percent of Americans have some type of debt. It’s no secret that many people have difficulty living with their debt. Unfortunately, many people get into debt due to their lack… Read more →
Finance Tips for Young Professionals
Many young professionals face various financial challenges, such as managing debt and saving for the future. It can be overwhelming to think about what steps are needed to achieve financial stability. With the recent volatility in the stock market, now is a great opportunity to review your finances and develop a plan. Craft a Thoughtful Budget Before you can start… Read more →
How to Create a Budget – And Stick to It
Do you ever feel like your paycheck disappears as soon as you get it, and you no idea where that money is actually going? One way to fix this is to create a monthly budget. While creating a budget and sticking to it may seem impossible, breaking it down into four easy steps makes it a much more surmountable task.… Read more →