In an unprecedented move, the Biden Administration announced a student loan forgiveness initiative in the waning days of August 2022. Using his full authority, President Biden signed an executive action to provide between $10,000 and $20,000 of relief.While the move is one many predicted as of late, it is still creating many questions. Borrowers want […]
You hear so much about the declining middle class that it’s hard to separate fact from fiction. The middle class is the backbone of this country, and its decrease is quite alarming for many hardworking people.When faced with economic turmoil, the best thing you can do is arm yourself with the right information. This guide […]
It’s easy to put off saving when you’re young. It might seem like you have all the time in the world to plan for retirement or save up for your child’s college fund. And if you’re just starting out in your career, your income might be mostly dedicated to essential expenses. In these instances, saving […]
The period between deciding to retire and committing to an actual retirement date is pre-retirement. This phase of retirement planning is vital to understanding financial obligations and the reality of the desired timeline. Failing to plan correctly can leave you struggling financially in your “golden” years — not a way to spend life’s winter.While some […]
For many people, booking their own vacation home for a week or weekend of bliss seems ideal. In addition to possibly saving money, a vacation home affords you privacy. It offers more space. It provides the opportunity to cook your own meals, host get-togethers and make your vacation a true one-of-a-kind experience. Yet, for all […]
Retirement is not what it used to be for so many Americans. Despite dreams of traveling the world or wiling away your golden years in some exotic destination, your reality is likely quite different. As a result, many retirees find themselves in search of part-time employment to supplement their current income.Fortunately, many great jobs are […]
To haggle, barter, liaise, or come to terms are all words or phrases synonymous with or related to negotiation. Yet, despite the prevalence of negotiation in the language, many people have an aversion to the process.A 2017 PayScale survey polling 31,000 people found that 57% of participants never asked for a raise in their field. […]
As of 2021, the average wedding costs $22,500. If your eyes are bulging out in shock at that sticker price, hold your seats for this next bit. The average price was roughly $12,000 more just five years prior, at $35,309. So over seven years, 2021 was the second most affordable year for tying the knot.Unfortunately, […]
You want to take a trip, but you do not want to spend a fortune on airfare. Widespread assumption tells you that booking a flight for a Monday in the future is the most cost-effective solution, but is that what the research says? No.Many people schedule travel plans around outdated studies or assumptions not rooted […]
For many people, the 401(k)-retirement plan is the gold standard for a stress-free retirement, but millions of Americans do not have access to these plans. Does the lack of access mean that millions of workers are facing a challenging and financially troubling future? No, not necessarily. A 401(k) is only one retirement savings option, and […]