It’s no secret, interest rates were low in the wake of the Great Recession that started in 2009. For those who could still afford to buy homes at the time, those interest rates made it cheaper than ever to borrow money to purchase a property. Since then, interest rates have risen as the economy recovers.
While it might feel as if student loans are an inevitable part of earning your college degree, they don't have to be. You can take action to reduce the amount of debt you take on or avoid it altogether. I would know: When I graduated, I walked across the stage to claim my diploma, I didn't have a cent of student loan debt — or any kind of debt — to my name. Here are five ways I figured out how to graduate college with no debt.
So you welcomed your first child, and you're ready to continue growing your family. Odds are you now know what it takes to prepare financially for a baby — but are you prepared for the challenges that come with budgeting for a second child?
Here's what you'll want to consider to make sure you can add to your family while staying on track with your other financial goals (like retirement).
Holly Johnson is a writer, blogger, and travel junkie who has made a living from sharing her and her family’s strategies for living frugally while making the most of life.
She and her husband, Greg, wanted to explore ways to build passive income, and thought an investment property could provide the answer. Here’s her story of how she did it — and her tips for others who want to buy their own investment property.
Forming an LLC is a smart move for many freelancers and small business owners, because it provides you with more legal protections than you enjoy as a sole proprietor. But you may need to take a few additional steps after forming your entity to make sure it can fully protect you should you actually get sued or face litigation.
Like many other entrepreneurs before you, you likely started as a one-person shop — and when you began, the priority was probably to just make your idea work. Many people don't make it through this initial stage, so kudos to you! But now that you've made it this far, it's time to ensure you're operating properly as a business entity. And that might mean filing for a DBA.
Your home: It may be your sanctuary, your retreat, where you’ve started or raised a family, and a place where you’ve created many memories. While your home may hold a lot of sentimental value, it’s important to determine its true, unbiased market value if you’re looking to sell in the near future. Beyond sleuthing online to find out what homes in your neighborhood are selling for, there are more official ways to get a general idea of your home’s value.
For many, graduating from college (or simply moving away from home) marks the beginning of a transition to independent living. That kind of freedom can be thrilling — but it also means taking on more responsibility as you work to become financially successful on your own. Establishing good credit is a great first step toward reaching financial success — and building credit when you don't yet have a credit history is easier than you might think.
Tasha, founder of the blog One Big Happy Life, would never deny that relocation can present challenges, especially with children. But for their family, relocation helped them get out of their comfort zone, teaching them to explore exciting new places.
Fifty years ago, American households and families tended to look very much alike: There was a primary breadwinner and a spouse that stayed home full-time to keep up the home and care for the children. There was just one income, and usually one spouse managed the money.
Today, families — and family finances — look far different, as social norms and expectations have changed. Households with two working spouses can make the question of money management much more complicated.
You can own a small business and feel successful — but also a little stuck. Many entrepreneurs feel this way after launching and reaching a point where they earn a profit, but they're no longer growing.
Earning a profit may be good enough, for now. But you may also want to push for continued growth, and turn your small business into something much bigger.
Heading to college is an exciting time, but it’s also an important time for your finances.
You’re heading to college and about to take the first steps into your own, independent life. It’s an exciting time — but also an important time, especially when it comes to your finances. Here’s how to get started with managing your own bills, and gain more financial freedom when it comes to your bank account.
You know it’s important to save money. But how much should you save? Do you have enough stashed away?
It can be tough to gauge your own savings habits, but you can use this quiz to help you understand where you fall on the spectrum between “super saver” and “needs improvement.”