In 2021, the economy quickly recovered from the pressure related to Covid-19 and pandemic-related stay-at-home orders, but there are some signs pointing to a downturn in the short term. Consumer sentiment is at a decade low. Several indices measuring consumers’ view on the economy are indicating that a downturn is coming. One of them, the […]
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If you are good at saving money, then you will probably reach a point where you need to do something with the money that you have saved. Having $10,000 in savings is great, but might not be the best use of this money. Instead, there are ways that you can use this money to leverage […]
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Saving and investing are both important financial strategies for securing future financial stability. Both have their place in your overall financial plan, but it can sometimes be confusing to parse whether you should be saving or investing, at any given stage of your financial journey. At a very basic level, investing is the practice of […]
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On the whole, Americans aren’t saving nearly enough for retirement. Nearly two-thirds of 40-somethings have less than $100,000 saved, and 28% of 60-somethings have less than $50,000. Then, there’s your retirement savings. You’re one of the 15% of Americans with no retirement savings at all. And unlike Millennial and Gen Z savers, you’re soon to […]
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There comes a time when most of us ask the same question: is now the right time to start investing? Or should I be focused on building out my emergency fund instead? The truth is there is no “right time” for anything. Whatever we do in life is a balance between competing forces. The question […]
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Achieving financial security can be done by saving, investing, and other strategies. Saving involves putting money aside to use in the future. Investing is all about making your money work for you by buying assets that will grow over time. Whether you’re saving or investing, both strategies have the same goal of having more money […]
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