Debt is something most everyone deals with at some point during their life. The size of that debt may range from the cost of a new sweater to a home mortgage. Whatever the case, knowing how to handle personal debt is important for maintaining healthy finances over the long term. Are You in Too Much… Continue reading
The purchase of your first home may be the most important financial decision you’ll ever make. While finding the perfect property in the location you love feels like the beginning of your journey, there are numerous other aspects of buying a home you should consider first. You will have to come up with a down… Continue reading
Loans are not a bad thing. They allow us to make major purchases that would be nearly impossible to pay for upfront. Therefore, it is important to establish a good credit history if you intend on making substantial loan purchases in the future. Establishing Credit It is important to establish credit if you plan to… Continue reading
Should you make it a priority to retire your debts before you retire? As with other aspects of your financial planning, the answer depends on your personal goals and situation. A debt-free retirement is a goal for many Americans if for no other reason than the peace of mind it can bring. Among retirees surveyed… Continue reading
It’s no surprise that millennials are the most educated generation to date. Almost 27% of those born between 1981 and 1991 holds a Bachelor’s Degree or higher.¹ However, the benefits of holding a degree are sometimes outweighed by the debt that comes with earning it. The average millennial is graduating with approximately $30,000 in student… Continue reading
Ever felt trapped by your growing amounts of debt? It can accumulate fast and leave you in a deep financial hole. The more debt you have, the harder it may feel to achieve financial stability. By understanding the categories of debt, you can learn how to put a repayment strategy in place. There are four… Continue reading
Managing your debt is an important step to attaining financial freedom and security. Although the burden of debt may appear inescapable, there are many helpful management strategies. Here are a few that can help you work toward a stress-free and debt-free financial life. Balancing your Budget One of the first steps to effective debt management… Continue reading
What’s your net worth? Do you know? Knowing your net worth is an important first step in setting your financial goals. It is the most accurate measure of wealth and helps you move the financial focus beyond income alone. Your net worth is equal to the value of your personal assets, minus any debt you… Continue reading
Whether it’s a stimulus check, a tax refund, or an inheritance from your great aunt, extra cash can make a difference in your finances. So it’s important to think carefully about how you’re going to use it. If you have a credit card or other high-interest debt, paying it off might be a good move…. Continue reading