Category: Master Your Money - Page 3

How to Save Money during a Recession

The Covid-19 pandemic is setting off a major recession. For a lot of people this has major implications for your personal finances. We're going to tell you how you can still save money during a recession and hopefully keep some peace of mind. [Transcribed and adapted from the YouTube video "Money & Coronavirus: How Much to Save".] Key Takeaways COVID-19 ...

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Best Rental Car Insurance

Rental car insurance is one of those things I hate spending money on. It’s so tempting to just opt out of the coverage offered at the rental counter and hope for the best. But if the worst happens, I know I’d really regret not buying the policy. Sometimes you need the insurance, sometimes you don’t. I break ...

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Understanding ETFs – A Basic Guide

Exchange Traded Funds (ETFs) are pretty simple actually. By the end of this guide, you’ll know everything that you need to on them. First, what are they and why should we care? What is an ETF and How Does it Work? An Exchange Traded Fund (ETF) is very similar to an index fund. Many of them track different markets ...

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How to Make Money in Stocks in 2020

If you're looking into investing in stocks right now, you're probably wondering how you can best invest in stocks during a pandemic. Here's what might surprise you: The stocks to buy during coronavirus aren't really that different than the stocks you should buy normally. But let's go back to the basics for a second. Investing in stocks is one of ...

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How to Cut The Cable Cord

I’ve never had a cable subscription. Once I left my parents house, I jumped straight into streaming. You could call me a hipster streamer, doing it long before cutting the cable cord was cool. Cutting cable isn’t a fad anymore, it’s turned into a tsunami that’s changing the entire entertainment industry. If you’re considering making ...

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A List of 6 Itemized Deductions

Homeowners typically paid enough mortgage interest and property taxes to make itemized deductions worth it, which allowed them to get a tax break for things like donations to charity and medical expenses. But thanks to the Tax Cuts and Jobs Act of 2017 (TCJA), you’re better off claiming the standard deduction. If you are using software like TurboTax it ...

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How to Invest Money in 5 Easy Steps

Investing is the best way to build wealth. Ask anyone living a rich life how they got there and they’ll say investing. So it's no wonder so many people want to know how to invest money. I used to think investing was intimidating and scary. It actually turned out to be a lot easier than I thought. You don’...

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Student Loan Consolidation Guide

Americans owe $1.5 trillion in student loan debt. The average graduate comes out of school with about $30,000 debt. With numbers like that, it's easy to see why student loan consolidation is such a hot topic. With a legal, medical, or other advanced degree, the debt can could easily hit $100,000-200,000. Paying that off is not ...

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Here’s Our Take on Day Trading in 2020

I understand why day trading sounds sexy. No office, no 9 to 5 job, no more yelling bosses, and no commute. Beat the market with nothing but your wits. And all the EASY money. Right? I’ve been tempted to try day trading too. Then I did my research and it turns out that day trading is one of the ...

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How Credit Cards Work and What to Know

Aren’t credit cards bad? Don’t they trap people in a ton of debt? Not quite. Credit cards are a tool. When used the right way, they can help you build wealth. If used irresponsibly, they can trap folks in a cycle of debt that’s very difficult to break. Here's how credit cards work. Let’s go through ...

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