According to a Glassdoor survey, a 401k ranks in the top 5 requested employee benefits beyond the base salary. A 401k is an employer-sponsored retirement account funded with pre-tax dollars from your earned income. Of the 56% of employers who offer a 401k plan, 51% offer some type of 401k match. A 401k match is… Continue reading This Is Why You Need To Take Advantage Of Your Employer’s 401k Match
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This Is What To Do If You Are Denied A Beginner Credit Card
Sometimes getting a credit card can feel like a real catch 22 — you need credit history to get a credit card to build up your credit history. Usually it’s relatively easy to get a student credit card like the Discover it Student Cash Back as a beginner, but it’s not guaranteed. Sometimes you will… Continue reading This Is What To Do If You Are Denied A Beginner Credit Card
What Is The Difference Between A Roth IRA And A 401k?
The Roth IRA and 401k are both retirement savings accounts. The primary difference between the two is that a 401k is an employer-sponsored account. The Roth IRA is an individual retirement account and is not sponsored by any employer. There is also another level of distinction based on taxes: traditional vs. Roth. There are both… Continue reading What Is The Difference Between A Roth IRA And A 401k?
How much can I contribute to my Roth IRA?
A Roth IRA (individual retirement account) is a retirement account funded with after-tax dollars. You don’t pay taxes on the money when you withdraw it after the age of 59.5. Who should get a Roth IRA? If you make under $139,000 per year as an individual (for married couples, the threshold is $206,000). If you… Continue reading How much can I contribute to my Roth IRA?
Savings Goals: Here’s Where You Need To Put Your Money
One common worry people have discouraging them from saving and investing is liquidity. If you don’t know when you’ll need cash, the volatile stock market or penalty CDs can make you nervous. The good thing is there are many options where you can safely store your money, and still be able to access it when… Continue reading Savings Goals: Here’s Where You Need To Put Your Money
Here are Six Things You Need To Do With Your Money When You Turn 18
When you turn 18, a lot of doors open up for you. In most U.S. states, 18 is the age where you can really start to take control of your finances. Here is a list of six things you need to do when you turn 18 to set yourself up for financial success. #1: Get… Continue reading Here are Six Things You Need To Do With Your Money When You Turn 18
The Apple Card Brings a Modern Edge to Cash Back Credit Cards
The Lowdown No fees of any kind. Rewards: 3% from select retailers (Apple, Duane Reade, Panera, T-Mobile, Exxon, Uber, Mobil, Uber Eats). 2% Daily Cash back every time you pay with your iPhone or Apple Watch. 1% on everything when you use the physical card. Credit Score: 600+ Desired Credit History: No to little history… Continue reading The Apple Card Brings a Modern Edge to Cash Back Credit Cards
How To Get Over Credit Card Fear
Gen Xers (ages 40-55) have the most debt among Americans. Carrying an average of around $10,000 in credit card debt, it makes sense why their Gen Z children are wary of credit cards. While Gen Z is still young, only 30% of Gen Z consumers have a credit card. Here is a list of common… Continue reading How To Get Over Credit Card Fear
How Much Should I Spend On Food?
Apart from housing, food is one of the biggest essential expenses — the average American person spends $2,792 per year on food (or $233 per month). When it comes to budgeting for food, every situation is different. In general, you should target 5-7% of your annual income for food spending as an individual, but no… Continue reading How Much Should I Spend On Food?
Chase Freedom Student Review: Earn Chase Ultimate Rewards Points in College
The Lowdown: Annual Fee: $0 Rewards: 1% cash back on all purchases Foreign Transaction Fee: 3% Welcome Bonus: $50 after making the first purchase within 3 months of opening Recommended Credit Score: 670+ Desired Credit History: No to little — it’s a student card A relatively new addition to the Chase credit card family is… Continue reading Chase Freedom Student Review: Earn Chase Ultimate Rewards Points in College