Posts about Finances (4)

If you are married and considering either you or your spouse staying at home to raise your children, you should include how to financially protect the stay-at-home parent (SAHP) in your discussions.

Most people understand the importance of saving for retirement but struggle with getting started. The truth is if you put off planning for your retirement, you could be forced to continue working long past the age you'd like to retire.

Graduating from college is a major milestone for many young people and can be an exciting transition into adulthood.

While you likely check your bank account balances regularly, your credit deserves the same attention. Your credit reports and credit score play critical roles in your finances and your ability to qualify for loans, credit cards, apartments, insurance, and more. In some cases, having poor credit can keep you from getting a needed security clearance or being hired for a job.

While purchasing a home without a down payment is possible, most people don’t recommend this approach. That’s because paying a significant percentage of the sales price upfront can save you thousands of dollars in the long run. From lowering interest rates to decreasing closing costs, making a reasonable down payment is the savviest decision a homebuyer can make.

The current high inflation rate has many people on edge when trying to manage their finances. According to the U.S. Bureau of Labor Statistics, the U.S. Consumer Price Index increased 7% year over year in 2021 versus 2020.

They likely know you better than anyone else. At times, they've been your biggest cheerleaders, others perhaps your biggest critic. They're family, and they love you and want you to succeed. Yet should you partner with them in a business, ask them to invest in your latest entrepreneurial idea, or hire them to work for you?

When a family has mounds of debt, it can be challenging to conquer. If you're not careful, credit card balances or student loan debt may grow instead of shrinking.