It may seem like there is a lot to personal finance. And in one sense there is. There are thousands of different approaches to personal finance. And this can get overwhelming. It may seem so overwhelming that you feel paralyzed at square one. But it doesn't have to be. There are a handful of things that are critical in personal finance. All the rest is splitting hairs. So go through each of these items one at a time and make an improvement in each area. . . .
Occasionally, debt might be useful. However, it can also often be dangerous. Debt has the uncanny ability to slowly take over your finances without you even noticing until suddenly it becomes a massive problem and spirals out of control. Debt Creep If you've done much lawn care, you're probably familiar with how different weeds can 'creep.' They slowly inch their way onto your lawn, . . .
Today I've got a guest post by David Chen from Millennial Personal Finance. David writes about a variety of personal finance topics, and today shares about some of the potential consequences of cosigning on student loans. Enjoy! There is no doubt about it: college is expensive, and the cost is only going up. For many, saving enough to pay for our kids’ college education is . . .
A little while ago, I wrote a detailed post on annuities. Basically, an annuity is a hybrid between an insurance product and investment product. All annuities are different, but in one way or another, they are an investment that come with some kind of guarantee or 'insurance' built in. While knowing what an annuity is and how an annuity works is important, it's also important to consider . . .
Contributed by John Paul from HowIGrowMyWealth.com Most people limit their investing to stocks and bonds. And these are indeed good investments. But what if you want to diversify beyond traditional investments? Although there are several alternative investments, few have the track record of Bitcoin arbitrage funds. The fund I’ve allocated some money to pays about 12.95% . . .
You've likely read dozens of posts on budgeting, but if you're more of a visual type of person, you might appreciate this infographic from PartSelect. Enjoy! Source: Partselect.com . . .
Paying $50 or more for a single cell phone line seems normal. At least, it's normal if you stick to the major cell phone carriers such as Sprint, Verizon or US Cellular. But what about the cheap $20-30 cell phone plans offered by names that you might not recognize? With a lot of these, we're talking unlimited talk and text, and included data. Have you given these much thought? Do you dare give . . .
Budgeting is the foundation and road map for your personal finance. A budget is an income and spending plan. The goal of budgeting is to spend less than you earn so that you have enough to meet your savings goals as well. A good budget also anticipates surprises and emergencies that would otherwise destroy your finances. The foundation of any budget is determining your income, your . . .
You may or may not have heard that the Federal Reserve is raising interest rates again. Last year, after almost a decade of 0 interest, they decided that the economy was strong enough to budge rates up a little bit. Now they're raising rates for the third time and it's starting to look like a trend. Rising rates will affect almost everything in finance one way or another, but one of the more . . .
I've already shared 10 Reasons to Buy a Gently Used Car and 10 Reasons to Buy an Old Clunker, but there are just as many reasons to buy a brand new car. I know some people have strong feelings one way or another, and that's fine! True, you're probably not going to save money by buying a new car. But at the end of the day, I'm convinced that you get what you pay for. So as long as you only . . .
Many consider gently used cars (2-4 years old) to be the 'Goldilocks sweet spot' of car buying: not too old, not too hot, but 'just right.' Here's 10 reasons they think so. 1. You Miss the Biggest 2 Years of Depreciation True, your car will keep on depreciating for a while, but the first two years are the worst two years. The first year alone can cost you 20% in depreciation. 2. You Still . . .