Personal Finance Tips

4 rule retirement

4% Rule Retirement: Does It Work?

Anyone who has saved for retirement knows it takes willpower and good planning, but the effort should pay off when you’re ready to cash in on your savings. Still, do you wonder how much you can afford to spend at a time in retirement? Spending too much of your retirement savings early on may cause Read more

Balloon payment

What Are the Dangers With Balloon Payments?

Chrysler calls balloon payment loans “Customer Choice Financing.” That might sound great, but the truth is, it’s practically the worst way you can finance anything! Today, we’re discussing the risks of balloon payments in two different but equally essential financing areas: Car loans Commercial mortgages Definition of Balloon Payments Loans or mortgages with a balloon Read more

How to Invest 1000 Dollars

How to Invest 1,000 Dollars: Explore Your Options

What is the best way to invest $1,000?  If you’re in business for yourself, the answer might seem simple. Investing in the success of your business can deliver greater returns than simply playing the stock market—although business investing is equally risky. That’s because investing in your business isn’t passive income earning like the stock market—succeeding Read more

Budget Categories

Budget Categories: What to Include in Your Personal Budget

Updated: September 1, 2021 Sometimes, you get put off by budgets because they seem complicated or time-consuming, but a budget is basically just planning what to do with your money.  Check out these good reasons to budget—by taking control of your money, you never worry about paying bills on time. You’re also growing your savings, Read more