Do you have a dream purchase you would like to make, but don’t have the finances? It may be time to implement strategies in your life to increase your personal margin of profit. By setting realistic financial goals and working to reach your limit, you will be able to afford…
Your net worth is important to keep in mind as you are making plans for the future. To figure out your net worth, basically add everything you own and subtract everything you owe. It can affect the many choices you will make in life. You can diversify your net worth…
Retirement is supposed to be your time to relax and enjoy the fruits of your lifetime labor. While you hopefully are not too worried about your finances at this point in your life, you might still want to be making money to keep your income growth at a net positive.…
Homes are often considered an asset, thanks to their ability to appreciate value. Of course, it's also possible for them to depreciate in value thanks to market fluctuations. The hope of every homeowner who decides to sell their home is that they'll be able to sell for a profit. Here…
Being a homeowner garners a lot of responsibility, but it can also include financial burden. It’s important to know how much you should actually be spending on household costs. Here are a few areas where you may be overspending. Your Mortgage Many people pay too much for their mortgage and…
Most people will agree that having a financial plan is a good thing. It can put you on the right track to become and stay financially secure. A financial plan can also help you be prepared in the event of an unexpected life situation that can put a strain on…
Due to the current pandemic, many companies have experienced financial hardship and are therefore reducing or eliminating the amount they match for employees’ 401(k) plans. Here are three factors to consider when you decide whether or not to continue saving in a 401(k) even without a company match. When You…
When it comes to financial planning, it is best to start when you are young. Planning your finances when you are young comes with many benefits, including having time on your side, saving money in the long run, and building good habits like budgeting. Time is On Your Side If…
Owning a home is part of the American Dream. For better or for worse, a mortgage is usually a necessary part of becoming a homeowner. Did you know that you aren't necessarily stuck with the mortgage you start with though? You can refinance your mortgage, and there are some compelling…
Retirement will come upon you before you know it. You may have been planning on your regular expenses for retirement, but have you considered your healthcare expenses in retirement? Most people retire after the age of 65, meaning that they will likely encounter more medical problems than they currently do.…