Category: Master Your Money - Page 3

The Best Short-Term Investments

Key Takeaways: Short-term investments are available in a variety of forms, from high-yield savings accounts to bond funds.Investments with a shorter timeline can be safe, but some may be more vulnerable to market fluctuations. The best short-term investment for you should reflect your risk tolerance, liquidity needs, and overall financial health. Jump to: Why would I consider a short-term ...

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Betterment versus Wealthfront: Which Is The Better Robo Advisor?

Trying to figure out whether Betterment or Wealthfront is the better robo-advisor for you? Here's our breakdown, as well as some key points of consideration that can help you pick the right one for your unique needs. Key Takeaways: Robo-advisors deliver a hassle-free way to grow your money, hit financial goals, or prepare for life milestones like retirementBetterment boasts a ...

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The 5 best IRAs to open in 2020

Interested in finding the best IRAs to open? Picking the best IRA account can tricky, but we've done the work to answer this tough question, as well as provided you with questions you can ask yourself to make smart picks in the future. Here's how it all started. I got this question from a reader named Kelsey a while back: “...

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How and Why to Refinance Your Home Mortgage

Key Takeaways Refinancing can save money if you can take advantage of lower interest rates, which makes your mortgage debt less expensive to carry.There’s more than one way to refinance, so choose the solution that complements your finances.Refinancing can eliminate extra costs over the lifetime of your home loan like private mortgage insurance. Although the pandemic has ...

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Best time to buy a car in 2020

The Best Time of Year to Buy a Car: At A Glance The best time of year to buy a car (aka the thing salespeople don’t want to tell you)What if I can’t wait that long?Are Labor Day/Memorial Day/4th of July/Hanukkah blowout sales a scam?The best day of the week to buy ...

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The 3 Most Important Money Rules: How to Survive a Recession

Here are our tips on how to survive a recession. For a lot of you, this is your first time and it can be scary. Don't worry! I've done this before and have some simple rules to help you get through this. [Transcribed and adapted from the YouTube video: ‘My 3 Money Rules for a Recession’] Key Takeaways Recessions demand ...

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Money & Coronavirus: How to Build an Emergency Fund (Part 2)

[Transcribed and adapted from the YouTube video: ‘Money & Coronavirus: How Much to Save’] Key takeaways: Emergencies are not the time to worry about savings rates—if you have the money, use it. It’s recommended that you see if halting 401k contributions, HSA contributions, or student loan payments are right for you. Do not take out any ...

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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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