Among the 44 million Americans who have amassed our nation’s whopping $1.4tn in student loan debt, a call from Navient can produce shivers of dread. Though there are many common misconceptions that are continually believed. Today I review a few of the top lies about your student loan debt you should ignore.
Paying Off Student Loans
There are many choices for repaying student loans. This checklist can help you weigh them. Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently. Here is a checklist. Choose a federal loan repayment plan that …
Budgeting for Baby
Expecting a new arrival? Learn how to budget for your growing family, including child care, insurance, and parental leave. Starting a family is truly one of life’s most fulfilling experiences. Unfortunately, it can also be among the most expensive. Many parents could spend more than $200,000 during a child’s first 18 years. As you consider your growing family’s fiscal needs, …
How Smart Investments Now Can Pay Off Down the Road.
Millennials inhabit a world in which there is rising inflation, debt, and healthcare costs. Now is the time for millennials to consider making investments that may put them in a position to succeed over the long term. Millennials make up more than a third of America’s population and are a driving force of the economy. Millennials have a lot at …
The Millennial Message, DON’T DELAY PLANNING!
Many millennials find planning their financial futures a daunting task. It need not be so. We offer some suggestions to get you on your way. When it comes to saving and investing, time is an invaluable asset. When you’re young, you have time to benefit from the compounding of earnings. You also have time to recover from your mistakes. Check …
FINANCIAL PLANNING FOR WOMEN
AT FIRST GLANCE, IT MAY SEEM ODD TO CONSIDER DISTINCTIONS BY GENDER WHEN IT COMES TO FINANCIAL PLANNING. AFTER ALL, ISN’T SAVING AND GENERATING FINANCIAL SECURITY A COMMON PURSUIT IRRESPECTIVE OF SEX? While tactics are of course the same, the general circumstances associated with women (as compared to men) necessitate a customized approach to financial planning. Below, we lay out …
MAKING SENSE OF HSAs AND FSAs
Healthcare is expensive. no kidding, right. and no matter whether yours is bronze, silver, gold, or even platinum, healthcare plans are expensive, not to mention out- of pocket medical expenses, such as copays, deductibles, and costs that are simply not reimbursed. There’s a way to potentially save money on your total annual healthcare costs. Health Savings Accounts (HSA) and Flexible …
Happy Financial Literacy Month
April is Financial Literacy Month, a time to raise awareness about the need for financial education. April 2021 marks the 19th annual Financial Literacy Month, a nationwide effort to raise awareness about the importance of financial literacy and the need for substantive financial education. Historical Background The holiday got its start in 2000 as Youth Financial Literacy Day, a program …
Estate Planning 101
Tips for organizing your estate to preserve your assets for your designated beneficiaries. Estate planning is not an exercise relegated to the wealthy alone. Indeed, anyone who wants to plan for the distribution of their assets or exercise of your responsibilities after you die or become incapacitated should pursue estate planning. And for those who are wealthy with many assets, …
Six Ideas for Paying Off Student Loans
While federal student loans payments are on hold, take time to put a strategy in place to pay off this debt faster. When the CARES Act was passed earlier in 2020 to provide financial relief individuals and families through the COVID-19 pandemic, it included a hold on federal student loan payments and on interest charges for federal student loans. The …