If you have enough cash to cover those points above, then any extra or additional cash needs to go to work for you. Any money you intend to set aside for long-term savings (like retirement) absolutely needs to be invested so that inflation doesn’t erode its buying power over time.
Curious about how to build your savings? Try one of these smart strategies to build up your savings to fund the goals that are most important to you.
You put a ton of thought into your dorm room decor — good call on the signed band poster! — but how is your financial setup looking?
For many, freshman year of college is the first time they step out of their family’s house and into the world of handling finances and bills on their own. While it may feel a little intimidating, you can learn to manage your money and get on top of your finances so you can focus on college life.
You can apply a pattern interrupt in any area of your life in which you wish to spark change — or to simply increase awareness of your own behaviors and habits. In my case, I’m motivated by the awareness piece: I want to practice mindfulness with my money, so I’m setting myself this experiment and giving myself a chance to play around to see what comes up.
While it might be the most common piece of financial advice around, it really is important to save money. However, no matter how many times we hear this, we're rarely told how to save money and we're often left asking questions like, "how much should you have in savings?"
In today’s world of digital engagement and interaction, content marketing is an effective approach to building awareness and trust in your brand.
With content marketing, you demonstrate to your prospects that you have the expertise and experience to help them address their concerns—saving for retirement, funding a college education, or taking the vacation of a lifetime.
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.