How to Pay for Big Ticket Items While Maintaining Your Budget

How to Pay for Big Ticket Items While Maintaining Your Budget

Budgets are a great tool to help allocate your money as efficiently as possible. You can use them to watch your discretionary spending, to save for retirement, or to pay down debt. You can also use them to help you schedule out large purchases. So how do you make these large one time payments fit into your budget when you wouldn’t otherwise be able to cover the cost in a single month?

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How to Calculate Your Financial Runway

How to Calculate Your Financial Runway

If you’ve ever tried to figure out how long you could go without working then you know all about a financial runway. Whether you’re looking to extend your maternity leave or start a business, it’s the same concept. How long can you keep going before you hit your comfort threshold and dip below your sweet spot when it comes to savings? Here’s a guide and template to help you calculate your financial runway.

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The Big Money Lessons I Plan to Teach My Daughter

The Big Money Lessons I Plan to Teach My Daughter

When we learned we were expecting our first child last year, we talked about where we would travel and what board games we would play. Secretly, however, I had my own mental list of lesson I wanted to teach her, and they’re lessons I think everyone can use in their financial lives.

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Are You Saving Enough for Retirement?

Are You Saving Enough for Retirement?

It’s the eternal question… How can you know if you’re saving enough for retirement? Everyone is different and their needs for retirement are different, so here are some guidelines to frame your thoughts on retirement and to calculate if you’re doing enough to get there.

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Retirement Planning 101: Options for Retirement Savings

Retirement Planning 101: Options for Retirement Savings

Where pensions used to be the standard structure, we now have a hundred flavors of retirement savings accounts. Today we’re breaking down some of the most common retirement investment vehicles to make it easier for you to determine where you should funnel your money.

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The Two Investment Tools You Need to Know About

The Two Investment Tools You Need to Know About

Investing for retirement is important, but some people might be surprised to know that the IRS actually limits the amount you can contribute to certain retirement funds. So where should you be putting your money? Luckily, there are two great investment vehicles to consider when you want to grow your money, but have the flexibility to withdraw funds prior to retirement.

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Four Ways to Save Money Without Impacting Your Lifestyle

Four Ways to Save Money Without Impacting Your Lifestyle

Saving money is always a good goal, yet often we’d rather focus on our immediate needs and wants rather than our long-term financial picture. But saving money and enjoying your current lifestyle don’t have to be mutually exclusive. Here are four ways to save that won’t impact your enjoyment of your everyday life.

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Saving for College: What You Need to Know About 529 Plans

Saving for College: What You Need to Know About 529 Plans

If you’re looking into saving for your child’s college education, you may have heard of 529 college savings plans. But what are these plans, what are the benefits, and are they the right options for you and your family? Here’s what you need to know in a nutshell.

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How To Recover From a Money Blunder

How To Recover From a Money Blunder

We don’t always make “the right” decisions with our money. Whether your blunder took the form of debt or you just generally didn’t get the value out of a purchase, here are some steps you can take to recover from these mistakes so they don’t follow you into the next phase of your financial life.

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Why Overthinking Your Investment Strategy is Costing You​​​​​​​

Why Overthinking Your Investment Strategy is Costing You​​​​​​​

We all feel the pull to “beat the market” and to ensure that our investments are performing at an acceptable level, so often we wait for the perfect moment to invest or that shining stock that you can sell for 10 times what you bought it for. These are all good things to strive for, but for most of us, this opportunism can really hurt us.

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Should You Factor Social Security into Your Retirement Planning?

Should You Factor Social Security into Your Retirement Planning?

As a millennial, I’ve always heard that Social Security income will be a thing of the past by the time we reach retirement age. The ultimate question is whether you should factor these benefits into your future income or assume that the social security system as we know it will have disintegrated by the time we come to retirement age. Here are the basics to consider.

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Do You Really Need a Budget?

Do You Really Need a Budget?

I’ve seen a string of articles recently that have gone against the traditional wisdom that a budget is an instrumental part of any financial planning. In part, even my budget-loving self has to admit that there is some truth to this. Not everyone NEEDS a budget, but everyone can benefit from a budget. So what should you really be getting out of your budget?

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