The concept of a “sinking fund” might be as foreign to you as it was to me when I came across it a while ago. Just looking up the definition can be confusing since there are at least two uses for the term: A strategy for the repayment of a specific debt over a period […]
You work really hard to save money and get out of debt. Every year, when making your New Year’s resolutions, you vow that this will be the year you finally succeed and never look back. You set your budget before December loses itself to January; you’ve planned how much you will put on each card, […]
One of the things I’ve thought a lot about recently is what happens with your finances when you marry for a second (or third) time. Deciding whether to combine finances in a first marriage – and how you will do it – can be complicated enough. Money during a divorce can be a complex subject as well. […]
The key to handling awkward money situations is to make everyone’s expectations as clear as possible.
Buying a home is often seen as an important rite of passage to ‘adulthood’ and a major part of the American dream. Depending on your situation and where you live, it can also be cheaper than renting. But unless you have a large chunk of money just sitting around, the down payment it requires is […]
One financial decision many people struggle with is whether to focus their energy and resources on paying off debt (which frees more of your income) or investing in retirement (which secures your financial future). With more than 43 million Americans responsible for $1.6 trillion dollars in student loan debt, getting free of debt burdens should […]
