If you are a personal finance fiend, you may be familiar with both the debt avalanche and the debt snowball method of paying off debt. But if you’re not familiar, that’s okay. In short, both methods are strategies people use to pay off their debt, fast. In the debt avalanche, you pay down your highest-interest […]
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As college tuition rates continue to climb, more people are using 529 plans than ever before. You may be wondering what a 529 plan is. Simply put, a 529 plan is a tax-advantaged savings account that can be used to pay for qualified educational expenses. While most states allow you to save up to $300,000 […]
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Are you interested in working remotely? Many people desire to work-from-home to be able to avoid a commute, take care of kids or pets, or simply to avoid working in an office every day. Working remotely also allows people to live wherever they want and to work from a different location daily. According to the […]
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We all know that budgeting and putting money away in an emergency fund are necessary to maintain your financial health. But what happens if you still need cash quickly? Maybe you were hit with major car repair bills, or you just want to sock a few extra bucks away for your upcoming vacation. Whatever the […]
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Target is one of the most popular stores in the country. They are well-known for their store cleanliness, friendliness, and general offerings. But if you’re anything like me, you tend to overspend while shopping at Target – they just always have more things you think you need! To save money, here are 7 hacks to […]
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It isn’t easy to get out of debt quickly when you have a small income. But it’s far from impossible. No matter how small your income or how big your debt, it is possible to be debt free. You just have to be honest with yourself, work consistently, and not give up. Here are 7 […]
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This is a sponsored post on behalf of our friends at Citizens Bank. Despite Citizens Bank’s sponsorship, all opinions and/or advice are provided by YoungAdultMoney.com. #sponsored. The cost of college keeps going up, which is one reason why we now have over $1.5 trillion in outstanding student loans in the United States. A majority of […]
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Do you have a financial advisor? If so, do you know how he or she charges? Whether you have a financial advisor or have just begun considering hiring one, there are a few things you need to know. Not only is it vital to find a financial advisor who can provide you the performance and […]
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You have probably heard of the financial term “net worth.” You may be wondering how you can calculate your net worth, and if you actually should track it. Your net worth is simply your assets minus your liabilities. Assets include things like: Cash Home equity Retirement accounts and other investments Vehicle equity, if you choose […]
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How different would your financial situation look if you had just $100 more a month? What about $500? Or even $1,000? Making more money is one of the fastest ways to transform your finances. Whether you’re in the process of paying off debt, saving for a house, or starting an emergency fund, making more money […]
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