Living Trust 101: Everything You Need to Know Are you looking for a way to protect your assets and avoid probate? If so, you might want to consider creating a living trust. A living trust is a legal document that allows you to transfer your property to a trustee, who will manage it for your […]
What is Financial Planning? Definition, Tips, & Examples What Is Financial Planning? A financial plan acts as a guide for your money and helps you achieve your goals. Financial planning is about building a way to help people achieve their financial goals. You can do financial planning on your own or with the help of […]
Avoid Investment Mistakes: Learn Behavioral Finance I was a psychology minor in college. Every time I come across an article about heuristic thinking or the availability bias, I always stop and read because they are so fascinating — and potentially damaging — to ourselves and even to our money. Need an example of a bias? […]
How to Use a Personal Loan to Consolidate Debt There are many kinds of debt that people might have. Debt that is backed by some sort of collateral is called secured debt. Examples of this might be a car loan or a home mortgage. Your home mortgage is backed by your home — if you […]
Real Money Talk: How to Bring up Money with Friends Tough conversations with friends can be… well, tough. But often, it’s the topics you avoid bringing up that cause the most damage. For most people, money problems are at the top of that list. Take it from someone who writes about money for a living […]
How Moving to a New City Can Give You a Fresh Financial Start Summer is a common time for many people to change up their living situations by moving either across town or across the country. And whether you are moving for a new job, a recent graduation, or just a change of scenery, moving […]
Take this Quiz to Find Out Which Area of Your Finances to Focus On in the Second Half of the Year Keeping yourself motivated on this everchanging financial journey can be challenging at times. Life demands, family obligations, and so many competing priorities can quickly push this essential necessity to the very last item on […]
Understanding the Basics of Social Security It’s hard to imagine that any government program touches the lives of more Americans than Social Security. The bedrock of retirement for most of the country, Social Security paid monthly benefits to 65 million people in 2020, according to the Social Security Administration (SSA). Most, about 49 million, were retirees […]
What is a Recession? Are We in One or Close to One? For many, the idea of a recession can be extremely unsettling. In fact, it’s been a little more than a decade since Americans faced one of the worst recessions in history: The Great Recession of 2008 that was fueled by the collapse of […]
FHA Streamline Refinance Rates, Closing Costs & More FHA streamline refinancing is a quick and straightforward way to improve the terms on your home loan — but it only applies to those who have already taken out an FHA loan to finance the purchase of their property. This type of home loan also has different […]