Find posts to help you make sense of personal finance terms and news here.
5 minute read ∙ One of the smartest money moves you can make is saving for retirement. If you are not self-employed, the employer sponsored 401(k) is a great investment tool. Read for all the basic information you need to know about the 401(k) retirement savings plan.
4 minute read ∙ If you are tired of being crushed by debt, you may be considering debt consolidation. It sounds like a way to wash away debt fast, but it is not. Before you consolidate your debt, read about the pros and cons, and check out alternatives here.
Before your finances can soar, you need a solid foundation that can withstand waves of change. An emergency fund will keep you grounded when life's unexpected twists and turns occur. Learn more about an emergency fund and get the scoop on how much progress I have made building one.
A borrower will pay back more than the original amount borrowed when paying for education using a student loan. This is due to the accrual of interest and interest capitalization. By understanding how interest capitalization works, a borrower can be proactive and decrease the amount repaid.
Starting out on your debt free journey? Test your knowledge of common financial terms and phrases used to discuss getting out of debt. Each explanation is followed by a tip to help boost your journey. Comment below and let me other terms you want explained.