If you belong to a 401(k) plan you've probably heard the term "vested" mentioned somewhere along the line. But what exactly does it mean to be vested and how does a 401(k) vesting schedule affect the amount you have saved? As it turns out, vesting can either have no effect at all or it can be extremely important. And I know that sounds crazy, but stick with me because today … [Read more...] about How Do 401(k) Vesting Schedules Work?
Did you make any New Year’s resolutions this year? Lots of people resolve to lose weight, quit bad habits like smoking and drinking, or save more money. Those are all great ideas but in this article I’m going to focus strictly on the best money moves you can make to improve your finances in the year ahead. Setting money-minded goals and following through on them … [Read more...] about 7 Best Money Moves To Make In 2020
Are you struggling with too much debt? The warning signs may be right in front of your face. Debt has become the American way of life. More and more people are carrying too much debt and struggling just to get by every month. Credit cards are just so easy and convenient. Why scrimp and save for months to buy something you want when you can just whip out your credit … [Read more...] about How To Know If You Have Too Much Debt
Is living stingy worth it? It’s a tough question and everyone and their mother seems to have their own opinion. But today we’re going to take a deep dive into the issue and come up with an answer once and for all. In this article we’re going to teach you the subtle differences between living stingy vs. living frugally. We’ll explain why it’s important to live frugally, … [Read more...] about Is Living Stingy Really Worth The Trouble?
Why is an emergency fund so important and how do you build and maintain one? Your son’s foot slips while backing into the driveway and he crashes right through the garage door. A water pipe bursts and floods your basement. Your furnace dies in the middle of winter. Your company is downsizing and you suddenly find yourself out of a job. Life is full of financial … [Read more...] about How to Build An Emergency Fund