Emergency funds are great because they help us meet unforeseen circumstances when they happen. While you keep your money parked safely, you can earn interest annually on your emergency funds, sometimes up to 4-6%. You can invest your emergency funds in high-yield savings accounts, high-yield treasury bonds, or stake your crypto to earn interest, among …
Marriage diminishes estate tax among spouses, allows you to enjoy spousal benefits, inherit social security, and IRA. In addition, health, home, and car insurance come at a lower cost and with tax exemption. But marriage can also put you in a higher tax bracket and increase your monthly debt payments. For better or worse, life …
This is the concluding part of my discussion with a young man who asked how to grow his money. He earns between $60,000 to $90,000 annually, and his savings are in six figures, but he is only getting 0.06% annually for all his effort. So he wanted to know if he should delegate his fund …
Setting up high expectations for a partner almost always leads to disappointment. And when I say partner, I mean the person who will be by your side and share the same long-term goals as you for years to come. Should you settle with a boyfriend with minimal to no personal finance knowledge? And what about …
Millennial households are earning now more than ever with a $69,000 median income. But most of them are still buried in debt and living with their parents. The lack of personal finance knowledge is to blame. Anyone can be quick to judge you on your financial decisions and management, but few will take the time …
Sparing your kids from the burden of student loans is the best thing you can do for them. We’ve already discussed college savings plans you can set up since they’re born, but what about using your retirement accounts? If you’re relatively new to personal finance and didn’t find out about 529 savings plans, or prepaid …
In the beginning, there was no question about saving vs. investing, I couldn’t do either. This was around 2010. The more I got frustrated with my situation, my desire to learn more about personal finance grew. I started putting more time and work into reviewing my money situation often and making small changes towards it. …
