Great question! So there are a couple of ways to think about this but I will give you what I believe are two simple strategies. One emergency fund + Investments OR The Three Bucket Strategy: First the Emergency + Investment
First, read Best way to get out of debt Now that you’ve read that you know that car debt is erosive debt. At InSight, if we can avoid erosive debt we do. With that being said, you still need to
Yes. Credit cards when used correctly (i.e. paying the entire balance off monthly) can give you incredible benefits. These include: Credit cards offer more protection giving you greater control over your money. Debit cards are riskier than credit cards. Money
Organize: We’re all guilty of “knowing” where everything is but not piecing it together A big way planners can help out is by helping you simply organize your entire financial life. From insurance, taxes, investments, expenses, real estate, etc, having
This may be the most difficult time for savers looking to buy a home. As interest rates have plummeted making it more affordable to buy your home, it has decreased what you can earn in a savings account to pretty
So bonds are in a rough spot right now to invest in. In addition, there are several historical rules I’ve encountered when discussing bonds with clients. Some examples are: Having a percentage of bonds equal to your age, so something
Being a stay at home parent is a vital role in the long term success of your family’s financial well being. Although your responsibilities don’t entail bringing in income, you do have a responsibility to maximize the income coming in.
First, ask yourself and your spouse what the end goal is. Although it may seem rudimentary to start here it’s actually quite important. Depending on how much you plan on paying for your child’s education and when you want to