*Please note that this article first appeared in Cashay. Student debt is the fastest rising debt in America, hitting $1.51 trillion in the third quarter of last year. To put that in perspective, the federal student loan balance in the U.S. exceeds the value of all goods and services produced by Spain, the 13th largest country[…]
5 Financial Actions That All Newlyweds Should Take
*Full disclosure – this picture is from my wedding… I got bored of unsplash photos 🤷♂️. Being a newlywed is such a fun time – you are still reliving your wedding and honeymoon. You are talking about your life plans together. There is a new, exciting momentum that is important to capitalize on. Marriage has[…]
What A Financial Planner Helps You Accomplish
You’ve probably heard the term financial planner thrown around a lot. It’s confusing because being a financial planner can mean many different things. You probably won’t receive the same level of services from one financial planner compared to another. To put simply, a real financial planner (shoutout to Carl Richards) helps articulate why money is[…]
An Overview Of FIRE And A More Practical Approach To It
The FIRE movement continues to rapidly gain popularity. If you aren’t familiar with it yet, get familiar. FIRE stands for Financially Independent, Retire Early. This concept first became popular from Vicki Robbin’s book Your Money or Your Life. This book talks about how people sacrifice time in the endless pursuit of money. This explains the[…]
3 Better Ways To Save Before You Max Out Your 401(k)
401(k)s are the most common type of savings plan offered by employers. You’ve heard it before – make sure you save money into your 401(k)! The more money you make, the more you should contribute into your 401(k), right? Maybe not. Most employers offer some type of match on your contributions. Let’s say you make[…]
How To Be The 1% That Receives Public Service Loan Forgiveness
Federal Student Aid recently released its updated federal student loan statistics through September 30th, 2019. Here are some of the highlights: The total outstanding federal student loan balance is now $1.51 trillion. To put that in perspective, the Gross Domestic Product (GDP) of Spain is $1.50 trillion. The federal student loan balance in this country[…]
How To Ditch The Work-Until-You’re-65 Mentality
The idea of retirement is rapidly changing. When you speak to millennials and Gen Xers, they aren’t motivated by retirement. They think of retirement is a “deferred life plan” – why wait until you’re age 65 to start living the life you always dreamed of? The “9 to 5, work-until-you’re-65” path is not desirable anymore.[…]
How Marriage Affects Your Student Loans
Marriage is an incredibly exciting time in your life – you are embarking on a new journey with your spouse at your side. What used to be “mine” is now “ours” and for better or for worse – this includes student loans. Finances, but more specifically student loans, can be very difficult to talk about[…]
The Tool You Need To Talk Openly About Money With Your Partner
Talking about money is like when your parents first talked to you about sex – you probably wanted to throw yourself out of a moving car! Money is the #1 taboo topic in America – it’s something that we knew was private growing up and we were taught never to talk about it. This is[…]
3 Questions To Ask Yourself Before You Start Saving For Your Children’s Education
College is expensive – everyone knows this. According to a 2019 study from Sallie Mae, the national average cost of public school is about $20,000/year and the national average cost of private school is about $48,000/year. Here in the Northeast – those costs are much higher. UMASS Amherst (a public school) currently costs $29,000/year for[…]
