Does it feel like even when more money is coming in, a big chunk of it is going out? Upping your spending along with your salary is tempting, but keeping lifestyle creep in check is the key to staying on track with your savings goals. Learn what you can do.
Since we’re big proponents of proper financial planning, we consulted pros in the field of financial aid to find out some of the misconceptions, myths and mistakes that students and parents can make when trying to pay for college.
In our increasingly digital world, it’s not only your physical property that holds value, it’s also the assets you’ve built up online. That includes money you hold in online-only accounts like PayPal, as well as files like your Kindle e-books and iTunes music. Important stuff—and yet, it’s often overlooked in estate plans.
Setting smaller, more immediate goals can have a big impact on your long-term plans. So, think about where you want to be or what you want to be doing in five years, and start working toward those goals now.
Tax refunds are great, but you might get more bang for your buck if you adjust your withholdings to put more money back in your paychecks. Personal finance blogger Paula Pant shares tax strategies for those with traditional jobs and the self-employed.
Your need for life insurance changes with the stages of your life, starting with no need when you're young, progressing to greater and greater need as you take on more and more responsibility, and finally beginning to diminish as you grow older.
Without a budget, your financial picture is at best muddy. At worst, you might find yourself overspending, racking up credit card debt and feeling confused and anxious about your situation. But a good budget gives you the confidence and a blueprint to live the life you want.