2020 is a year most of us would prefer to forget. When the year started, nobody expected natural disasters of historic proportion, the COVID-19 pandemic or the residual economic hardships that followed. But with the first year of the new decade officially behind us, how can you better prepare your finances for whatever 2021 may bring? Our seven suggestions are below.
2020 has been a difficult year to say the least, but 2021 is rapidly approaching. Utilize these 7 financial moves to make the coming year less stressful.
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There comes a point in nearly everyone’s life when they begin to wonder if they should continue to rent or make the step of purchasing a home – but throw a global pandemic, low mortgage rates and a crazy housing market into the mix, and it makes the choice a whole lot more complicated. Furthermore, since January 2020, home sales have been steadily increasing.1
The first thing to remember: don’t let the circumstances make this an emotional decision. Buying a home is a decision that should be made based on your finances, as well as your preparedness for owning a home. Before you make any real estate purchase, you should strongly evaluate your options to figure out if you are really ready to buy.
It’s time for the new year, a new budget and a brighter future for you and your family. 2020 has been full of unprecedented events that may have left you feeling financially unstable, but you can make 2021 the year you finally take control of your financial life. Use these resolutions to create a realistic budget that will let you pay down your debts and give you the opportunity to put something away, while not forcing you to be too disciplined in order to make it happen.
2020 has been quite the year, to say the least. With only one month left, everyone is ready to put the year behind us and try to start fresh. From the coronavirus pandemic to economic shut downs, many have felt the financial strain. If you are looking to start 2021 off on a better financial note, these seven moves will (hopefully) help make your year less stressful.
When buying a home, there are a lot of things to consider – including whether or not a home warranty is worth it. When you make a large purchase such as this, you know that money is probably going to be tight for a while. But the reality is, the unexpected can happen – including appliances breaking. Should you purchase a home warranty to help you out if something goes wrong? Read on to find out when you should buy a home warranty and when you will be better off without one.
Can you believe it’s basically December? That means that the holiday season is officially upon us. Right about now we’re usually gearing up to gather with loved ones, shop for gifts and travel to see family – making it a cheerful, but expensive, time of year.
Guest post by: Bethaine Parker of Debt Consolidation US
Getting into and creating tens of thousands of dollars of debt is easy but getting out of it can be a silent killer and take decades to pay off.
When you make the last payment and become debt free, you may want to reward yourself. The problem occurs when you’re not attentive; it’s easy to slide back into the same spending habits and you may end up right back where it started.
Here are a few tips that may help you to stay on track and keep you out of debt for good.
Your mindset and goals continually evolve over time. At age 25, you might be focused on paying off student loans and saving up for your first home. Your career is just getting started, and post-work years are well into the future. At 50, however, you’re starting to imagine a time when the career hustle won’t be a part of your life anymore — and neither will your usual income setup. Just as your life changes, your investment decisions may develop as well.
The average annual healthcare expense per individual rises from roughly $2,000 for 19-year-olds to about $11,000 for retirees (age 65+).1 As Americans pay more for medical care, they often seek ways to save for emergencies. Health savings accounts (HSAs) and health reimbursement accounts (HRAs) can help.