The Rule of 72 is a quick and easy way to estimate how long it will take for your savings to double. While the formula is simple, it can give you a rough idea of how quickly your investment will grow over time based on the average annual rate of return or inflation rate. For …
Bankruptcy is a serious decision that you can’t take lightly. It’s also one of the most common reasons to file for bankruptcy in the United States, so if you’re thinking about it, you’re not alone. However, there are some important things to consider before making this choice. We’ll cover what bankruptcy means and what you …
Sure, saving money is a chore. But it doesn’t have to be a chore. Saving money can be fun — and in this article, I’ll share with you some of my favorite memories that involve saving money. You might even discover some new ways to save some cash! Moving to Our First House Moving to …
The average student loan debt for college graduates is around $30,000. That’s a lot of money! What’s more, it’s an amount that grows every year and compounds interest on top of that. Getting out of debt can seem impossible if you’re just paying the minimum payment each month. But it doesn’t have to be that …
Financial independence is the goal of many people. The idea of being able to retire early and not having to rely on a paycheck each month is a very attractive concept. However, there are many obstacles that stand in the way of achieving this goal. You might wonder how much money you need to save …
When our first child was born, my wife and I were excited to expand our family. But we weren’t just bringing home a new baby—we were also bringing home a lot of debt. By the time she gave birth, our second daughter had already arrived in the form of student loans for her master’s degree. …