Are You a HENRY?
The investing information provided on this page is for educational purposes only. No, we’re not asking your name. And we promise we’re not trying to offend you. HENRY isn’t an insult; it’s a nickname given to a certain demographic in the personal finance world. If...
You’re Retired and Need Cash— Is a HELOC the Answer?
If you’re a retired homeowner, there’s a good chance that your property is worth far more than you paid for it — and that equity could be a lifeline. Back in 1995, the typical home cost $114,600. Today’s median sale price is nearly $400,000, according to the National...
How to Stop Obsessing About Money
Creating a financial plan can help bring the focus back to things you can control. A Reddit user recently asked for advice on ways to stop thinking about money nonstop. It’s hard, the user explained, to avoid fixating on personal finances. Comparing yourself to others...
How to Cut Spending Without Cutting Out Small Businesses
Rethink your budget and change your shopping habits to make room for small businesses. It’s a challenging time for small businesses. A majority of small businesses – 59% — cited financial uncertainty as the biggest challenge they’re facing. Business owners were...
6 Ways to Reduce Financial Stress During Uncertain Times
Stress related to money is pervasive, but there are ways to handle it. When the economy feels uncertain, it’s easy to let that sense of unease slip into your personal finances. But there are strategies that can help you maintain a sense of control over your own money...
Weekly Mortgage Rates Creep Up; Are Lower Home Prices Coming?
Mortgage rates remain stubbornly high, but home prices are in flux. Weekly mortgage rates continued to inch upwards for the third consecutive week. The average rate on a 30-year fixed-rate mortgage went up three basis points to 7.04% in the week ending May 22,...
Should You Use a HELOC in a Financial Emergency?
As a homeowner, you likely have a lot more equity in your house than you did just a few years ago. U.S. homeowners gained almost $3 trillion in equity in the fourth quarter of 2024 compared to the previous year, according to data from the Federal Reserve Bank of St....
How Should I Trim My Monthly Budget?
The investing information provided on this page is for educational purposes only. Over on Reddit, a user recently asked for budgeting advice. After itemizing their current budget, the user was hoping to make cuts to their monthly spending and find a way to save more...
What Kindergartners Should Know About Money
After teaching a class about money to kids, I walked away with the most valuable lesson. When I had the opportunity to share money tips with my son’s kindergarten class, I settled on three main lessons. I figured I would pick some recurring themes from the personal...
No Gift Money? No Problem: How to Afford a House On Your Own
Plenty of first-time homebuyers don’t rely on family money. These expert tips can help you plan your next move. When you’re saving for your first home, it’s natural to wish for a helping hand. It might even feel like everyone else is getting a check from Mom and Dad....