Student Loan Debt Have you thought about the role of student loan debt for young adults? Do you have student loans? How are they affecting you and your lifestyle? On the plus side, it allows young people to get the education they desire if they …
Read MoreIs It Really Possible to Get Out of Debt?
Is It Really Possible to Get Out of Debt? Is it really possible to get out of debt? Absolutely!!! I’m someone who has done that so I know it’s possible. And, no matter how far under you are, you can make a plan to get …
Read MoreSignificant Purchases
Significant Purchases Have you thought about how to fund significant purchases? What is considered a significant purchase? It’s a purchase that could have a huge influence on your finances. It could have a huge price tag, a long-standing obligation, or meaning in your life. Examples …
Read MoreMedical Insurance
Medical Insurance Now is the sign-up time to choose your medical insurance. We just got our bill for next year showing the cost and benefit change. While the monthly premium didn’t go up much, our policy has changed and not for the better. And, as …
Read More2026 Social Security COLA
2026 Social Security COLA Yesterday, the 2026 Social Security COLA increase was announced. If you don’t know what COLA means, it is defined as Cost-of-Living Adjustment. It has nothing to do with soda. Congress implemented COLAs in 1975 to offset the high inflation numbers during …
Read MoreHELOC
HELOC Have you heard the term HELOC when referring to homes? Do you know what it means? It refers to Home Equity Line of Credit. Basically, it’s a loan that is secured by the equity you have in your home. Equity is the difference between …
Read MoreAmortization Schedule – Part 2
Amortization Schedule – Part 2 Yesterday, I discussed what an amortization schedule actually is and how it is used with loans. I provided an example of a mortgage that you had just taken out with an originating loan balance of $250,000. But what if you …
Read MoreAmortization Schedule – Part 1
Amortization Schedule – Part 1 For those of you who have loans like auto and/or mortgages, you are using an amortization schedule to pay your loan off. What it means for most of us is that you’re slowly paying off debt and spreading out the …
Read MoreCompounding Interest
Compounding Interest Do you know how compounding interest works? Do you know how it works to your advantage? If not, time to find out. To put it simply, compounding interest means that you earn money on the money you originally invested along with any accrued interest. …
Read MoreMaximizing Your Tax Breaks – Part 2
Maximizing Your Tax Breaks – Part 2 This is part 2 of maximizing your tax breaks. Another way to lower your taxable income is to set up an HSA (Health Savings Account). In order to qualify for an HSA, you need a high-deductible health insurance …
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