Sinking Funds
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Investing
Should I Pay Off Debt or Invest Extra Cash?
When asking yourself should I pay off debt or invest extra cash, the answer isn’t always straightforward. It will depend on the type of debt you have and your long-term financial goals.
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Investing
How Much Should I Invest if I Make $50K a Year?
Committing to an investment plan early in life will lead to a much more prosperous future. But the question is, how much of your current income should you be investing if you want to retire and become financially free at an earlier age? There are rules of thumb for this sort of thing, but the real answer is that the…
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Budgeting
The Best Savings Strategies for Your Personality Type
Saving money isn’t easy, but it’s an essential aspect of wealth building. Even when you do start saving, it can be challenging to keep that money in your savings account. You wouldn’t be the first person who looked at their savings account and thought, what’s the point? Well, the point is that life is full of unexpected expenses. And even…
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Budgeting
8 Unexpected Costs of Driving
So you’ve saved up your money for months or even years, and you finally have enough for a substantial down payment on a new car. You’re also preparing to save for upcoming expenses such as car repairs and regular maintenance like oil changes and car washes. But have you budgeted enough money to account for all the costs of driving?…
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Budgeting
How to Control Car Expenses with a Sinking Fund
Owning a car is a lot like owning a house. It’s incredibly exciting when you sign on the dotted line and have a brand-new vehicle to drive every day. But hidden expenses abound with even the newest and best-made cars. And when you have an unexpected expense, you likely may not have an emergency fund large enough to cover the…
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