There are hundreds of savings accounts on the market now, catering to all sorts of savers. Saving options are becoming more varied and accessible with the introduction of new financial technology companies. These solutions can start small by rounding up purchases to the next dollar and depositing that loose change into a more structured savings …
Index funds allow investors to track the market in a low-cost, consistent way, according to most analysts and advisors. An index fund provides exposure to a diverse selection of publicly traded securities that are intended to perform identically to a market index. They don’t always perform in an exact 1-to-1 ratio, as we will see. …
Question: Dear Steve, My son (30) and his girlfriend (25) don’t have a lot of money. They are expecting our first grandchild in Oct. 2020. We want to make sure this grandchild has a good start in life. My husband and I can afford to save for this grandchild and provide life insurance as well. …
When the Great Recession hit, it hit hard. Americans experienced job loss, foreclosures, a sharp rise in student loan defaults and high consumer debt. The recession also taught us plenty of important lessons. We asked 8 personal finance experts on their main financial takeaways on the past decade. Here’s what they had to say: Image Credit: Nattakorn …
I once heard someone say there is never a great day to have a flat tire. So very true. But you can add this to the list, there is never a good day to have you eleven-year-old refrigerator crap the bed. Yes, our refrigerator greeted Tuesday by deciding that’s the day it would expire. It …
This is the second update in my weekly series of my experience using cryptocurrency to get people excited about saving money. I will be the first person to admit there is little fundamental reasoning behind investing in cryptocurrencies like Bitcoin, Litecoin, Ethereum, or any one of the many other digital currencies out there. However, one …
I previously wrote How to Use Bitcoin to Get Out of Debt or Build an Emergency Fund and need to get on a regular update schedule so Monday’s seem like a good day to do it. On December 6, 2017 I purchased $100 worth of Bitcoin at $14,244.87 per coin and received +0.0067505 BTC. After …
Bitcoin and other cryptocurrencies are going from a dull whisper to a louder conversation lately. The value of Bitcoin especially has shot way up. I remember when I first heard about Bitcoin in 2015 and it was trading for around $200 a Bitcoin. It’s now gone as high as $18,000 for that same Bitcoin. A …
The Trump administration has been vigorous in wanting to cut regulations. That’s not always a bad thing. But this suggested change really caught my eye. President Trump has signed a memorandum which clears the way to eliminate the fiduciary rule for investment brokers. The fiduciary rule may sound like something boring but every person saving …
I spend almost all of my time focused on helping people to get out of debt. But today I wanted to take a moment and focus on what to do once that crisis has passed and I’ve added a new section about life after debt to my free guides on dealing with debt. Let’s talk …