People often associate the word debt with something negative. Those looking to build wealth often hear advice suggesting they pay down their obligations to get on track. Yet, debt isn’t necessarily a good or bad thing. What matters is how much you carry compared to your income, what sort of financial commitments you have, and whether it’s a drain on your bottom line.
Author: Deb
Examining Your Goals: Dying With Zero
“Die With Zero” by Bill Perkins is a book about maximizing your life and not necessarily your bank account. The author aims to change people’s relationship with money by encouraging them to prepare for the future while also avoiding “mindlessly saving” for retirement. Perkins believes individuals should spend their money while they can still enjoy living and having memorable experiences.
3 Reasons To Consider Separate Checking Accounts When You’re Married
You might assume finances will merge, along with everything else, if you get married and begin your life journey together. Keeping separate checking and savings accounts might be a better idea for many couples. Here are three reasons why.
4 Ways To Prevent Identity Theft
Over 1.4 million people in the United States reported they were victims of identity theft in 2021. Thieves can use the stolen information to steal targets’ money, use their health insurance, or procure a loan. Untangling the mess can be a costly headache. Here are four ways to protect yourself from this crime.
Need a Simple Budget? Try Using Envelopes
Setting up a budget is essential to getting finances in order and keeping them there — as long as you stick to the plan. Using a spreadsheet to outline line-by-line expenditures might work for some people, but there’s a simpler way to keep track of inflows and outflows. The envelope method is an effective way to track physical cash.