Massive student loan debt has become a huge challenge for graduates and there is no sign of the cost of college slowing down. Many millennials, who either incurred a lot of student loan debt or know someone who did, are now having children. Not surprisingly these parents are concerned about their children potentially incurring […]
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I’m cynical when it comes to banks. After all, the actual product a bank offers is not unique. It’s a highly regulated product, too, and virtually every bank is FDIC insured up to $250k, meaning even if the bank goes belly-up you will be able to recover up to $250k. There are some ways […]
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Considering how much we’ve written about cord-cutting on the site, many will be surprised to hear that it wasn’t until a couple years ago that my wife and I decided to cut cable. We aren’t alone, though: as of 2015 there was still approximately 100 million households that subscribed to some type of paid […]
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More people are renting than buying today compared to historical trends, but most renters eventually want to buy a home. If you are currently a renter but are looking to eventually buy a home, you need to save for a down payment. Depending on your cash flow, this can potentially take a long time. […]
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A few years back student loan refinancing wasn’t something that most people heard about. That’s not the case today. The student loan refinancing industry has exploded. According to LendEDU, private student loans now total approximately $100 billion. Driving the trend towards more and more private student loans includes: Cost of College – As the […]
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“You don’t budget? But don’t you talk about the benefits of budgeting all the time? What gives?” This is the general reaction I get when I tell people that my wife and I don’t budget, and we haven’t for years. First off, I do think that keeping a budget is a key first step […]
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I bought my first home at twenty-four. It was a fixer-upper that was livable, yet it was clear everything would need updating over the course of the next five-to-ten years. Looking back I think it’s safe to say I jumped into home ownership instead of carefully weighing the pros and cons. I didn’t think […]
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The saying goes “the United States has the best health care in the world…if you can afford it.” While there are many trends that are concerning from a personal finance standpoint, such as high cost of living and stagnant wages, the two issues on the forefront of my mind on a daily basis are […]
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The sheer number of demands on our money can be overwhelming. Credit card bills. Car payment (and insurance) bills. Save for a house. Student loan debt. Don’t forget about retirement! The list goes on and on. It’s enough to make someone avoid spending time working on their finances altogether. That’s why I advocate looking […]
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Dave Ramsey has written some of the best-selling books on personal finance and helped millions get out of credit card and other debt. So why would you want to look for alternatives to Dave Ramsey? If he’s helped millions, why wouldn’t anyone and everyone who has struggled with debt simply buy his book, take […]
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