There are many myths out there about what goes into a credit score. I’ve heard MANY! However, the truth is, there are only five factors that go into your FICO credit score. In this post, I will go over each of the five factors that make up your credit score. Payment History This is the […]
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A Money Date Is For Everyone! Having a money date is crucial to you and your partner’s relationship! According to this article, nearly half of couples argue about money. Half! This could be for a variety of reasons – embarrassment, avoidance, ignorance, etc. I get it. It’s not a sexy topic to discuss. However, I would argue
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Welcome to part 3 of the How Is Personal Finance Like…? series! In this part, we will talk about how personal finance is like a beach. There is Ebb and flow. Just as the tide at a beach ebbs and flows, so too will your money. You can think of ebb and flow as: Something becoming
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For the month of June, I have some fun personal finance comparisons coming! Today’s post compares personal finance with chewing gum. Read on to be enlightened – and never think of chewing gum the same again! 🎯Sometimes you find yourself in sticky situations. Just like you never see it coming when gum
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If you take an active interest in your lawn, it will set you apart from your neighbors. Taking an active interest in your finances may require a mindset adjustment. How is your current position? Do you have a well-cushioned savings account? Are you familiar with the basics of personal finance? Do you live paycheck to
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Einstein called compound interest the 8th wonder of the world. Let’s explore how this wonder can help you with your financial future. Of course, the earlier you start, the more time that this “wonder” has to work its magic. What is compound interest? Simply stated, you earn interest on savings and investments. That interest then
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“How Much Should I Save?” How much should I save for retirement seems like a short, sweet question. However, there is a lot that goes into the answer. The General Answer You should aim to save 10 – 15% of you gross income. This is the income before taxes, deductions, and anything else that gets
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As a result of self-isolation and social distancing, we are spending A LOT more time at home. Unfortunately, some people are spending more time at home with less money. If you are running out of free things to do at home, here is a list of 40 realistic ideas! Set up games in your backyard
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I’ve heard it said that debt is like a high sugar diet. A little bit can be okay, but too much and it wreaks all kinds of havoc! Let’s talk about how to reduce and eliminate the debt in your life so as not to wreak havoc and cause money stress and anxiety. Steps To
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Debt Avalanche vs Debt Snowball Perhaps it was fun getting into debt (i.e. going out with friends, traveling, etc). Perhaps life threw you a curveball that you were not expecting. However it happened, you are now faced with the aftermath. You need to dig yourself out of that hole. The good news is it can
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