Personal Finance
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IRA FAQs: Find Your Answers
March 18, 2020
Categories: Investing, Personal Finance, Retirement, Savings
Retirement may seem far away or coming soon to you. Either way, you likely have some questions as many people do. Today, we will tackle some of the most common questions. What is an IRA? IRA stands for Individual Retirement Account. The purpose of it is to help people save for retirement through their paychecks. The two types of IRAs are Traditional and Roth. Traditional: With a Traditional IRA, you are able to put pre-tax dollars away for retirement, which will later be taxed
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Spring Break Saving Hacks
March 11, 2020
Categories: Budgeting, Personal Finance, Savings
Put those dreary winter days out of your mind while you begin planning for a wonderful spring vacation! Vacations don’t have to be for the extremely wealthy. You can have a great getaway this spring by busting out these savings hacks like a travel expert. Make a Plan The planning part of a vacation can be half the fun! You may have a location spot in mind, but use the planning time to consider closer alternatives that can be just as beautiful and relaxing. Last minute decisions
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Money Responsibility 101: Family Edition
March 4, 2020
Categories: Budgeting, Family, Money Meeting, Personal Finance, Savings
Financial responsibility starts in the home. If it’s not something you were taught as a child, it can be difficult to model it in the home as an adult. The good news is, it’s not too late to start! Here’s what you need to know to kick your household into gear. Do It Together The more, the merrier! Many parents feel anxious to talk about finances with the entire household. However, each member of the household will benefit from having an open conversation about finances.
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Top 5 Ways to Save Money Fast
February 26, 2020
Categories: Budgeting, Personal Finance, Savings
While it’s not a good idea to go after any “get rich quick” schemes, there are some ways that you can quickly get more money than you have had on a typical month. The secret is to be cautious with your spending. This is obviously easier said than done, but it’s a way to “make” money without having to spend money. Follow your favorite one or challenge yourself to all five! Sell Your Skills Do you have a hobby that people would be willing to pay you for? Are
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How To Save On Your Taxes
February 19, 2020
Categories: Budgeting, Personal Finance, Savings, Seasonal, Taxes
Are you kicking yourself for how you handled last year’s taxes? You can feel better about next year by learning a little bit about tax savings now. Consider Donations Not only is donating to charity a great way to give back to the community, but it is also a smart way to have a tax write-off. It needs to be a charity that is recognized by the IRS in order to do this. This will require some organization on your part over the course of a year. You will be required to have written
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10 Saving Resolutions to Make This Year
February 5, 2020
Categories: Budgeting, Personal Finance, Savings
Start the year out strong so you can finish the end of next year with a bang! These are some of our favorite savings resolutions that are great for novice savers or experts! 1. Start with the emergency fund. The first step you should take this year is to make steps to build up an emergency fund. Don’t let the unexpected set you painfully back in your budget and even from your ability to pay bills. Seventy eight percent of Americans live paycheck to paycheck and cannot afford to have a
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How Do I Pay Off My Debt?
January 29, 2020
Categories: Budgeting, General, Personal Finance, Savings
Extreme amounts of debt can weigh heavy on your shoulders. It has been found that extreme amounts of debt are linked to higher rates of suicide and depression. This is why it’s so important to have an understanding of good debt vs. bad debt and how you can go about paying back your debt efficiently. Don’t Let it Define Your Life You, of course, want to have your debt paid off as soon as possible. However, letting it define the value of your life is counterintuitive to being
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How to Boost Your Retirement Savings
January 22, 2020
Categories: Budgeting, Personal Finance, Retirement, Savings
Maybe you are already off to a good start when it comes to saving for retirement, but there may be some ways in which you can amp it up. If you could boost your retirement savings even by a little now, it can pay off big time later! Here’s how: Step Up the 401(k) Most companies offer a matching contribution of up to three percent to your 401(k). If you aren’t taking advantage of this now, make sure you do so immediately. Once you have established this for a year, consider ramping
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Kick Off The New Year With These Savings Tips
January 8, 2020
Categories: Budgeting, Holiday, Personal Finance, Savings
Wow - we can’t believe it’s already 2020! The new year will bring children, weddings, new business opportunities and more. With that being said, we want to make sure you can continue to prosper financially. Here are our favorites savings tips to help you kick off the new year! Start saving for retirement. Yes, it’s far away and you can’t really see the benefits right now. But, starting to save for retirement now will be crucial in how much money you’re able to
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4 Ways to Make Adulting Less Difficult Financially
December 30, 2019
Categories: Budgeting, Personal Finance, Savings
Even if you don’t want to admit it, you’re an adult. Some parts of adulthood are fun and exciting, while others are not. Part of being an adult is to become financially independent and embrace some of the less adventurous tasks. We’re here today to help give you four simple ways you can make adulting less difficult when it comes to finances. Create a Budget You’ve heard this before and you’ll hear it again, but it really is important. Nowadays, there are
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