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Should I Use a Robo-Advisor to Manage My Investments?

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It often includes automatic rebalancing, tax-loss harvesting, retirement planning and picking investments. Although these services are usually more expensive than a straight robo-advisor, it’s still often less than meeting with a traditional financial advisor in person. You’ll also have to pay the fund’s expense ratios.

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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

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As a freelancer, it’s essential to ensure you know what to expect, so you don’t accidentally wind up with a huge tax bill. So, keeping up with all of the new rules about standard deductions, tax credits and other requirements can make anyone’s head spin, especially if it affects how much you have to pay. Every dollar counts.

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30 New Year’s Resolution Ideas to Make 2024 Healthier, Happier & More Secure

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Calculate your monthly income, track your spending, determine your goals and priorities and develop a plan to manage your expenses. Save more for retirement. Increase contributions to retirement accounts such as your 401(k) or IRA. Limit money habits that can leave you broke such as expensive dining or luxury items.

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4 Smart Money Moves to Plan for Financial Security

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Besides all the external factors that have essentially set them up for, well, failure (think the Great Recession and the COVID-19 pandemic), only 16% of millennials can be considered financially literate, according to George Washington University’s Global Financial Literacy Excellence Center. Trust me: I get it. The key is to start today.

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What Is My Net Worth?

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You may be spending more than you earn and using credit cards to help you cover expenses. Zero : If you add up all of your assets and liabilities and come up with zero, you are balancing debt and income. Spend some time brainstorming ways to cut expenses and earn more, but also be patient with yourself.

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Who’s Stuck With The Bill?

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It may be up to the employer to decide on what benefits they offer (subject to local rules and laws). Often, the amount paid towards remote work expenses depends on whether the job is full time or freelance, and the seniority of the employee’s position. This can include the cost of a dedicated work laptop, printer, phone and internet.

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Lessons From Past Recessions

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For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. What are my basic monthly living expenses (including food, shelter, health insurance, utilities, phone, transportation and childcare)? Beef up your emergency fund.