The amount someone needs to retire depends on a lot of factors like how old you are when you retire and how much you spend in a typical month. In most cases, you'll need at least $500,000, but generally you'll want more than that. If you want to make $40,000 a year in retirement, you'll need around...
During September, the unemployment rate was 5.2%, which is still considerably higher than the pre-pandemic level of 3.5%. In such time the inflation rate (CPI) reached the 13 years high of 5.4%. Is this high inflation rate unfavorable for the economy? Or is there any relation between inflation and ...
We may not be in a recession yet, but it's almost certain that it will happen soon. With unemployment rising and many businesses closing, you need to be prepared to weather the storm. Even with a government stimulus check, many people will still continue to struggle through a financial crisi...
Many Americans struggle with student debt and in some cases, complete repayment seems impossible. Even though bankruptcy laws treat student debt differently from other debt you can discharge student loans. The condition for this is to prove that repayment would cause you and your dependents an ...
In the words of Warren Buffet: "Investing is often described as the process of laying out money now in the expectation of receiving more money in the future (…) forgoing consumption now in order to have the ability to consume more at a later date."
Investing must be one of your top priorit...
As the old saying goes "money makes the world go round." And while that's still the case, you should set yourself up in the best position to manage your finances. In a time where most Americans can't even cover $1,000 of expenses, financial literacy can be necessary. We know that many p...
After months of delays, the President recently signed a new Coronavirus relief bill, which will bring much needed relief to many Americans. Without it, unemployment benefits would expire, evictions would start to happen to people unable to make rent payments, and the government would have...
Are you consumed by debt and you don't know how you're ever gonna pay it off? You could have student loans, an auto loan, a mortgage, credit cards, and more, and it feels like every time you make a payment, you're not even making a dent. Well SpenDebt has come up with a solution to help y...
The holiday season is right around the corner (or here already) and you know what that means. That's right it means travelling, gift shopping, and enjoying time with your family, normally. And even those this year, things may be a bit different, the same rules still apply. It's best to prepare and ...
Have you recently had some trouble making your car payments and faced repossession? Are you worried about what this may do to your credit score and ability to get a loan? Don't worry, because you're not alone in this. In 2019, 2 million cars across the United States were repossessed. That...
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