- What Do Financial Advisors Do?
Financial advisors help with investments, budgeting, debt payoff, and tax planning.
They typically charge 0.50% to 2% of assets managed or flat/hourly fees.
Not all advisors are fiduciaries, so ensure your advisor…
Topic: Saving And Investing Money | Read more
- How to Buy Stock
Buying stocks is a tried-and-true way to build wealth. Here's a step-by-step guide to get started:
1. Open a Brokerage Account
Choose your brokerage type:
Full-Service Brokerage: Personalized advice but higher fe…
Topic: Saving And Investing Money | Read more
- How Much Do I Need to Retire?
Retirement planning is personal and varies based on lifestyle, goals, and expenses. Here's a breakdown to help you estimate how much you need and create a plan:
When to Start Saving for Retirement
Start Early: Savi…
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- How to Find a Good Financial Planner
Selecting a certified financial planner (CFP) is a crucial decision for achieving your financial goals. Here's a step-by-step guide to finding the right one for you.
1. Consider Your Priorities
Identify Your Goals: …
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- The 50/30/20 Rule of Thumb for Budgeting
The 50/30/20 rule is a simple budgeting guideline to help you allocate your after-tax income across three broad categories: needs, wants, and financial goals. Here's how it works and how to use it effectively:
How It W…
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- What Is a Good Investment?
A good investment aligns with your goals, timeline, risk tolerance, and budget.
Asset allocation helps balance high-risk and stable investments for optimal growth.
Research is vital - past performance doesn't guar…
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- How to Find and Claim Forgotten Assets
Here’s a comprehensive guide to locating and reclaiming unclaimed property, forgotten funds, or lost benefits.
Types of Forgotten Assets and How to Find Them
State-Held Unclaimed Property
- Includes bank accounts…
Topic: Saving And Investing Money | Read more
- A Simple Guide to Investment Management
Investment management involves overseeing and optimizing an investment portfolio to align with financial goals, risk tolerance, and time horizons. This includes purchasing and selling assets, strategizing for taxes, and…
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- Index Funds vs. ETFs
Index funds and ETFs (Exchange-Traded Funds) are both popular investment vehicles offering diversification and low costs. While they share many similarities, some key differences may influence your choice.
Differences …
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- 5 Types of Investment Accounts You Should Know
Understanding the different types of investment accounts is key to aligning your financial goals with the right investment options. Here’s a breakdown:
1. Standard Brokerage Account
Purpose: Flexible, non-retirement i…
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- What Is Financial Planning?
Financial planning is the process of assessing your current financial situation and creating strategies to meet your short-term and long-term financial goals. Here's an overview of the key elements:
Definition of a Fin…
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- What Is a Budget?
What Is a Budget?
A budget is a spending plan that balances income and expenses over a specific period (e.g., monthly or yearly).
Formats vary: hand-written, spreadsheets, or apps — pick what works for you!
Example…
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- What Is Impulse Buying? Best Ways to Resist
What Is Impulse Buying?
Impulse buying refers to unplanned purchases driven by external triggers like sales, ads, or seeing an item in person or online.
Example: Adding a candy bar at checkout or buying an air fryer …
Topic: Saving And Investing Money | Read more
- Why Is Food Still So Expensive?
Current State of Food Prices
Food prices have risen 26% since 2020 despite slowing inflation.
In 2024, food costs are expected to grow at a slower pace, with a 2.2% year-over-year increase recorded as of June.
Groc…
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- Death Happens: Plan for It
Planning for death isn't morbid—it's practical. This guide helps you prepare financially and emotionally, reducing stress for your loved ones during difficult times. Key areas include wills, inheritance tax, funerals, a…
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- What to Do When a Loved One Dies
Losing a loved one is a difficult time, and knowing what steps to take can help ease the burden. Here's a comprehensive guide to navigate this challenging process.
Immediate Steps
Get a Legal Pronouncement of Death
…
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- Student Budgeting Guide
Here's a student budgeting guide with tools and tips to help you manage your finances effectively while at university.
Creating Your Budget
Understand Your Income:
Include:
Student loan installments (paid in three te…
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- Best Creative Money-Saving Challenges
Saving money doesn’t have to be dull! These challenges blend fun, strategy, and commitment to help you save for emergencies, goals, or even just for fun. Try one—or several!
Weekly and Daily Challenges
52-Week Savings…
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- 7 Viral Money Saving Challenges
Engaging in money-saving challenges can transform the often daunting task of saving into an enjoyable and rewarding experience. Here are some popular challenges to consider:
100 Envelope Challenge:
How It Works: Label …
Topic: Saving And Investing Money | Read more
- 12 Best Investments for Any Age or Income
Investing is a powerful way to grow your wealth. The key is selecting investments aligned with your goals, risk tolerance, and timeline. Below is a summary of the top investment options, ranked roughly by risk (from low…
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