Tag: personal finance
Debt Payoff: What is the Avalanche Method?
Avalanche method is a debt payoff strategey focusing on your highest interest rate debt first. First, you organize your credit cards by interest rates from highest to lowest. The amount of debt you have on each credit card, does not matter. Pay all of the minimums and put any extra money towards the credit card…
Debt Payoff: What is Snowballing?
Snowballing is method of paying off debt. It allows the person to have pyschological wins to continue the grind and hard work of paying debts. Take all of your debts and line them up but the amounts owed from smallest to largest. Start to pay all of the minimums to avoid fees and put any…
Best Online Savings Accounts: May 2024
The best online saving accounts normally offer higher interest rates than traditional savings accounts and traditional banks. At many online banks there are high-yield savings account options,The lower maintence costs of not having actual bank location allows the higher interest rates to be offered. The downside of an online bank is not being able to…
Save Money: Top 3 Ways
Learning to use creative ways to save money will help yourself to increase savings and investments for your future. There are multiple ways to reach goals for investments and savings from imaginary bills, side work, and taking advantage of employee match programs. Imaginary bills An example would be if your rent is $1,500 now, but…
T-Bills Vs. T-Notes Vs. T-Bonds
Treasury Bills Treasury bills (also known as T-bills) is a short term loan to the federal government. The loan duration is less than 12 months. These have lower rewards and lower risk than other investment options typically. The interest rates are fixed to the rate that is offered for the duration. At the end of…
2024 Tax Bracket
Wondering what the your taxes could be? 2024 federal tax brackets are for filing in 2025. Understanding what your taxes could be, can help you set enough money aside if needed to pay your taxes. The four different tax brackets are single filers, married filing seperatly, married joint or qualifying surving spouse, and head of…
