There are plenty of good reasons to take on a side hustle. For some, it’s a matter of using the extra money to pay off debt or build savings. For others, it’s a means of having more spending cash to go out and take vacations. But money aside, a side gig can also open the […]
Retirement isn’t the sort of thing most of us can just jump into. Rather, it requires long-term planning and a healthy level of savings to boot. And while a large chunk of Americans are taking steps to build their nest eggs, there’s one important piece of the puzzle most workers are missing: planning for healthcare […]
With so many bills and so many due dates, you may sometimes be tempted to let a credit card payment slide until payday. Our advice? Don’t do it. Here’s what happens when you start missing credit card payments. When your payment is 1-29 days late When you fail to make your minimum credit card payment […]
More than 70% of Americans fall short of the often-recommended level of emergency savings, according to a new Bankrate.com report. And many have no emergency savings at all. According to the report, 23% of Americans have no emergency savings whatsoever, while 22% have less than three months’ worth of expenses saved. 18% have enough to […]
The term side hustle comes at least partly from the nature of how people perform these types of jobs. Part-time or second job doesn’t really cover it because this is work that involves hustling. Whether you drive for a ride share service, have your own website, or do something more traditional, side hustlers are generally […]
Though many baby boomers are still actively taking steps to advance their careers, many are no doubt counting down to retirement. No matter which camp you’re in, you should obviously be focused on building a nest egg so you have money to pay the bills once your workforce exit becomes official. But here’s another financial […]
The drop from excellent to fair credit will cost you $21,000 over the life of a 30-year loan. Learn how to improve your credit score and save on a mortgage. How much does your credit score affect your mortgage rates? A recent study by Zillow shows that the higher interest rates from a poor credit […]
The benefit of saving for retirement in a 401(k) versus an IRA is the fact that the former comes with a much higher annual contribution limit, no matter your age. Last year, 401(k) contributions were capped at $18,000 for workers under 50 and $24,000 for those 50 and over. This year, these limits went up […]
Everyone wants to have a financially secure retirement, but to get there, you’ll have to save and plan. Just getting started with a retirement savings strategy can be the hardest part of getting on the road to retiring richer. Once you’ve begun, though, there are some things you can do to make the journey a […]
When it comes to retirement savings, many nest eggs fall short. However, that doesn’t mean that you can’t retire as planned. In a trade-off between working longer or saving more, a recent report found that delaying retirement for just three to six months has the same impact as savings 1 percent more of your salary […]
As the government announces new rules to tackle childhood obesity, food blogger Jack Monroe says although the proposals are “well-intentioned” they are “problematic” for some, including those on a tight budget. Monroe – a single parent who has experienced living in poverty – says there are many complex reasons why cooking and eating healthily on […]
Being a freelancer certainly has its benefits, like the ability to manage your own schedule and be your own boss. On the flip side, it also means losing out on key workplace benefits like subsidized health insurance and paid time off. Just as importantly, it means not having access to an employer-sponsored 401(k) to propel […]
