How much should I save before I buy a house?
Buying a home is a big life decision. One of the questions that will come up is how much you should save before starting the home buying process. Here’s how to answer that question. Buying vs. renting a home The first step is to make sure that you’re buying a home for the right reasons.…
Read MoreHow do tax write-offs work?
We all know the saying: “There are two certainties in life: death and taxes.” Since taxes are one of our largest ongoing expenses, we’re all interested in keeping them as low as possible. Fortunately, the government has created tax breaks in order to incentive citizens to do things it considers valuable to society. For example,…
Read MoreWhen Should I Start Investing?
You may have heard the Chinese proverb: the best time to plant a tree was 20 years ago. The second-best time is now. The same is true with investing. If you think you’ll have time to get started later, you should see how that’s working out for older generations. The Power of Compound Interest If…
Read MoreWhat is a good interest rate?
You may have heard that there are only two kinds of people: those who pay interest and those who earn it. In reality, we all likely end up occupying both sides of that equation. The first thing to know about borrowing money and paying interest is that how much you pay depends on your credit…
Read MoreHow much should I put in my 401(k)?
If you’re fortunate enough to have an employer who offers a 401(k), you should seriously consider participating. A 401(k) allows you to lower your tax bill and potentially build wealth through the stock market. Here’s how to figure out how much you should contribute. The power of the employer match You should contribute at least…
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