No matter when you retire, you want to know what role Social Security will play in your financial future. Will it go away? How much can you expect? When should you start benefits? When Social Security started in 1935, it was created to provide support for workers (and their families) who could no longer work […]
income
Active vs. Passive vs. Portfolio Income: What’s the difference?
If you’re not quite sure of the difference between active, passive, and portfolio income, this article is for you. It’ll help you understand what makes each one distinct and provide insight into which income source or sources to target. Active, Passive, & Portfolio Income Explained The main distinctions between these income types are how you […]
Can Multiple Part-Time Jobs vs. a Full-Time One Make Sense?
The nature of work is changing. Scratch that — it’s already changed! More and more people are exploring how to craft a career that not only supports them financially but enables them to live their life on their terms. Some folks are starting a business or going freelance. Others are working multiple part-time jobs instead […]
AgeUp Review: Helping You Fill Future Financial Gaps
This post is sponsored by Haven Life. There’s a good chance you have family or friends who have lived into their 90’s. Or maybe even a few to age 100 or beyond! The Social Security Administration reports approximately one in three 65-year olds today will live to be at least 90. In 2020, there are […]
Make Your Budget Work [Tips for overcoming obstacles]
You’re ready to take control of your finances and use a budget to plan for your income and expenses. But that “b” word doesn’t exactly give you the warm fuzzies. You know though, telling your money where to go is better than wondering where it went. While budgeting methods such as the 50/30/20 percentage system, […]
Should I Rent Out Extra Rooms to Make Money?
You know plenty of people who have side hustles or work seasonal jobs to supplement their income. And you want to boost your bank account balance too. Whether you want more money to pay down debt, build an emergency fund, or invest more for your future, you’re considering renting out a spare room in your […]
Friendships When Incomes and Money Values Differ
Most of us start our adult lives with lifestyles like those of our friends. The phrase “living like a broke college student” applies to many in young adulthood. At this point, everyone’s trying to keep expenses low – and score free food and entertainment whenever possible. But, as you grow older, things change. You settle […]
How Do I Budget with a Variable Income?
Everywhere you turn, you hear having a budget is the first piece of the financial stability puzzle. But how do you create a budget when your income varies month to month? If you’re self-employed or only earn commission, you know one month you can make it rain, and the next, you’re in a drought. But […]
Ready to Learn More About Managing Your Money? Start Here
Is reducing debt and saving for the future on your to-do list? Then you’ve come to the right place. If you’re ready to start managing your money more effectively, check out our top beginner articles on taking control of your personal finances. You’ll learn about breaking the cycle of living paycheck to paycheck. Also, find […]
What is a Good Way to Start a Spending Plan? [Traditional Budgeting]
Each time you’ve pulled out your credit card this month, it’s bothered you more. This was supposed to be the year for starting a budget, building an emergency fund, and quitting living paycheck to paycheck. But your New Year’s resolution to take control of your money lasted until the holiday bills showed up in the […]
