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5 Long-Term Financial Goals and How to Achieve Them

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Pay off major debts Expected time: 5+ years Account types: Credit card debt, mortgage, student loans, car loans Getting out of debt is essential to the success of your other long-term financial goals. Opening a college savings fund for your child when they’re young can help you save for their future college expenses.

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Everything You Need to Know About Emergency Funds

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If you’ve ever had to pull out a credit card to deal with a dentist or emergency vet bill, you likely know the pain of wondering how you’ll pay for an unexpected expense. An emergency fund is a safety net of money for unexpected expenses. Having an emergency fund can significantly reduce your money worries.

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The Biggest Financial Mistakes to Avoid in Your 20s

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A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds.

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Lessons From Past Recessions

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Recessions are a natural part of the economic cycle and help to reset the economy when it grows too quickly, making it harder for regular people to purchase everyday items. How much debt do I have (credit cards, student loans, car loans, mortgages, etc.)? Where can I cut back on the rest of my spending if it becomes necessary?

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The Biggest Financial Mistakes to Avoid in Your 20s

Success

A turbulent housing market: 2023 was the most expensive home-buying year in a decade. Not to mention, low wages, staggering student debt and compounding credit card debt. In the long run, this ignorance is bliss mentality only leads to more problems, whether it’s mounting credit card debt or puny retirement funds.

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Tori Dunlap, Founder of Her First 100K is on a Mission to Close the Gender Pay Gap

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I’m no stranger to setting lofty money goals : At 9 years old I became cognizant of the idea of college—a seemingly far-off milestone that my parents described as “important” and “expensive”—and decided I needed to proactively save money for my college education. Invest in the stock market.

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How to Reframe the Way You Think About Money

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In most cases, we are actually choosing not to purchase it. Most of us would absolutely love to double our salaries. If your salary doubled, you’d be able to afford the things you want, you’d start saving meaningfully or you’d finally get out of credit card debt. Think about it. This is an illusion.