Probably the most daunting hurdle in your quest to get smart about your money and build wealth is the very first step: getting started. Dealing with money can seem scary and feels like a huge chore, so it gets treated like the laundry you don't really want to do -- left in a dark corner … Continue reading How to start getting your finances together
This one's pretty easy. An emergency fund or "rainy day fund" is any money that you have set aside to use ONLY IN CASE OF EMERGENCY. The purpose of an emergency fund is to be a safety net in case you have an unexpected bill that would wipe out your checking account. Experts recommend keeping … Continue reading What is an emergency fund?
I tutor students during the week, and I always like to ask a little about what their passions are so I can get to know them a little better. This helps me tailor the lessons a bit, but also gets them comfortable in class. Last week, I was working through a cost/revenue problem with a … Continue reading How one teen started a business by accident
Welcome back to our What Is? series of posts. Today, we'll tackle an exciting topic with a snooze-fest name -- the 401(k). The term 401(k) may look like something out of Algebra class, but it's actually one the most important perks any job can offer. More important than free food and a foos-ball table? Oh … Continue reading What is a 401(k)?
Every day, I see about a thousand ads for various subscription services, apps, or other products that sometone thinks I absolutely MUST have in order to be happy. Some of them are very tempting, with their cute packaging and promises of never having to go to the store again, but I haven't given in to … Continue reading 6 Useful Freebies to Save You Cash
You may have heard of the big Equifax breach from your parents, friends, or co-workers. So what is this mysterious company and why is its data breach a big deal? Equifax Remember when we talked about credit scores? Equifax is one of the three companies that tracks your credit history. The others are TransUnion and … Continue reading Equi-what? Why the Equifax Breach is a Big Deal for Everyone
Did you see the recent eclipse in North America? One of my friends was determined to see totality, but we don't live in the right place.We COULD have flown, but because Nashville was one of the the most popular eclipse destinations, flights were more expensive than usual. Our solution? Why road trip? When you're young … Continue reading Road Tripping on A Budget
First off, if you don’t know what I mean when I say “investing”, check out What is investing? and then come back. All good? Okay. Instead of jumping into why you should invest, maybe we should address some reasons people have for not investing. 1. It seems hard Many things seem hard or confusing before … Continue reading Do I really have to invest?
Saving money is easy. Don’t spend it! Okay, so maybe it isn’t always as easy as it seems. As a teen or freshly-minted adult, it can be frustrating to be caught between having your parents pay for everything and paying your own way. Most jobs that are available to high school and college students don’t … Continue reading Finding a Reason to Save
Investing. It sounds so big and grown up and scary. It’s the shadowy thing rich guys in movies do. Kids who talk about their “stock portfolio” on TV are supposed to be little geniuses. So of course, only the very smart or the very rich invest, right? Nope! Everyone, including you, can invest. What does … Continue reading What is investing?