How Much Debt Does The Average Millenial Have?

Financially, most Millennials – those born between 1981 and 1996 – are behind. On average, they earn just over $35,500 a year, and their net worth is a mere $8,000. Debt plays a big role in the low net worth numbers. And, since incomes aren’t increasing at rates similar to what Baby Boomers and Gen Xers saw, many are struggling to keep up. If you are wondering how much debt does the average millenial have, well here's what their the debt picture looks like. Millennial Debt Total According Read more [...]

Best Savings Apps For College Students

Managing money as a college student isn’t easy. Usually, of the 43 percent of students who are employed, many have a limited income. Plus, it may be their first experience out on their own, so they may not have sound savings habits yet. Luckily, with the right savings apps, college students can set cash aside for a rainy day. Then, they won’t have to worry about the expected completely derailing their financial lives. Here are some of the best savings apps for college students. Acorns For Read more [...]

You Just Won The Lottery – Now What?

For many, winning the lottery is a dream come true. It could mean taking home millions in a lump sum or setting yourself up with a decades-long income stream. But many who win get blinded by the experience. They struggle to make sound decisions, and a surprising number spend their entire windfall, ultimately going broke. However, that doesn’t have to be the outcome. It’s possible to use a lottery win to set yourself up for life. If you’ve just won the lottery, here’s what you need to Read more [...]

Untaxed Pensions Are Available in These 5 States

While traditional pensions (also known as defined benefit plans) aren’t as common as they once were. They certainly aren’t gone. For those who are lucky enough to have access to this steady form of retirement income. Finding ways to keep as much of it is possible is always a smart move. Many states consider pensions to be similar to regular income, so they tax them accordingly. However, others let retirees access this money without any state income taxes. If you have one of these plans. You Read more [...]

Don’t Buy These 5 Things at Warehouse Clubs

Discount shoppers often flock to warehouse stores like BJ’s, Costco, and Sam’s Club. First, these stores can be pretty convenient, offering up food, beverages, clothing, toys, electronics, and more. Second, shoppers often score deals because they are buying in bulk, allowing them to pay less per serving, ounce, or item. But, while many of the food and drink prices represent real bargains, not everything you can find at Sam’s Club, Costco, or BJ’s is actually a deal. With that in mind, Read more [...]

What Should Be In Your Date Night Jar?

Many couples make time for dates. The issue is, when that time arrives, they don’t always know what to do. While sticking with tried-and-true dates is still an option, it can get a bit redundant. If you want to keep things exciting, then adding in some unique choices to your date night jar is a smart move. That way, you can do something new together or enjoy the occasional splurge, ensuring your date nights don’t turn into a tedious obligation. If you’d like to know what you should be putting Read more [...]

Use These 5 Apps To Get Out of Debt

Many households are struggling with debt. As of the end of 2019, American consumers owed $14.15 trillion to creditors of all kinds, including credit card companies, mortgage lenders, and more. Many people want to conquer their debt but figuring out how isn’t always easy. Luckily, there are apps that can help. Here’s a look at five apps that can help people get out of debt. 1. Mint If you want to get out of debt, but don’t even have a budget in place, Mint is the way to get started. Read more [...]

Buying A Home or Traveling The World-Here’s How to Decide

Many people face a difficult choice. They can either afford buying a home or spend their money traveling the world, but they can’t financially handle both at the same time. Figuring out which option should take precedence isn’t easy, especially if they find both of those goals important. However, that doesn’t mean coming to a decision isn’t possible. Here’s how to decide between buying a home or traveling. Consider Your Priorities-Buying A Home or Traveling As with many major Read more [...]

Try These 3 Robo Advisors For Bigger Returns

The number of robo advisors around seems only to keep growing. This can make it hard to figure out which option is right for you. Not all robo advisors are created equal, both when it comes to their fee structures and historical performance. Additionally, they may have different feature sets, and some of them might not meet your needs. If you want to make sure you can get the biggest returns possible, here are three robo advisors worth exploring. 1. Wealthfront Wealthfront is a leader in Read more [...]

No Spending February to Jumpstart Your Savings

Approximately 28 percent of adults in the United States have no emergency savings at all. They are vulnerable to an unexpected financial emergency and often get stuck turning to debt when disaster strikes. Having even a little bit saved can help mitigate potential issues. If you need to jumpstart your savings, a no-spend month can be a great way to do it. It encourages you to substantially cut back on your spending and set aside the cash you save for a rainy day. How No-Spend February Works Technically, Read more [...]