Category:
Budgeting
High-yield savings accounts have become the no-brainer strategy for large portions of the investor class, for an assortment of compelling reasons. But keep a rein on your enthusiasm for this…
Even a broken clock is right twice a day. If you look for financial advice on TikTok, there’s a good chance you’ll come across misinformation. But every once in a…
Whether you’ve been a single parent for years or you’re new to raising children on your own, chances are this wasn’t the plan. And that’s life, adapting your plans to…
A budget is a plan for the money you make and how you spend it. If you’re earning and spending, you should also be budgeting and saving. It’s the key…
Budgeting is like dieting. Maybe you’ll be one of those fortunate eaters who can make the pounds melt away just by cutting back a little on soda pop and sugary…
If you came into 2024 resolving to get your family spending under control, you are certainly not alone. Getting more exercise, eating better, losing weight – paying off overdue debts!…
From apps to spreadsheets and expert-recommended methods, there are a lot of ways to create and follow a budget. No one system is best since each person has their own…
It is best to start saving in your 20s, but do not despair. The next best options are to start saving in your 30s, your 40s, or wherever you find…
Virtually every successful financial plan rises from the same foundation: a workable, sustainable, well-balanced budget. As with most schemes, however, the devil lurks in the details. To reap the benefits…
A lot goes in to making a marriage work, and one of the biggest factors may be the last thing on people’s mind when they’re saying, “I do.” It’s finances.…
Sources:
- Graver, E. (2024, March 6) What a high-yield savings account is and how it can grow your money. Retrieved from https://www.cnbc.com/select/high-yield-savings-account/
- White, M.C. (2024, March 13) How to Choose the Best High-Yield Savings Account for You. Retrieved from https://www.wsj.com/buyside/personal-finance/what-is-a-high-yield-savings-account-01653427069
- C. Read, R. Mitchner (2024, May 8) Best High-Yield Savings Accounts of May 2024. Retrieved from https://www.marketwatch.com/guides/savings/best-high-yield-savings-accounts/
- Hagen, K. and Tretheway, C. (2024, January 22) Pros and Cons of High-Yield Savings Accounts. Retrieved from https://www.fool.com/the-ascent/banks/high-yield-savings-pros-cons/
- Hicks, C. (2023, November 13) Federal tax brackets for 2023 and 2024. Retrieved from https://www.businessinsider.com/personal-finance/what-tax-bracket-am-i-in
- N.A. (2023, November 1) 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000. Retrieved from https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000
- Folger, J. (2023, December 13) Tax-Efficient Investing: A Beginner’s Guide. Retrieved from https://www.investopedia.com/articles/stocks/11/intro-tax-efficient-investing.asp
- Hayes, A. (2024, February 6) Dollar-Cost Averaging (DCA) Explained With Examples and Considerations. Retrieved from https://www.investopedia.com/terms/d/dollarcostaveraging.asp
- Fernando, J. (2024, February 28) The Power of Compound Interest: Calculations and Examples. Retrieved from https://www.investopedia.com/terms/c/compoundinterest.asp