A health savings account (HSA) is a type of savings account that allows you to put money aside for eligible medical expenses. But how do you know if an HSA is right for you? Since I don’t know all of your personal information and I’m not a financial advisor anyway, I can’t tell you for certain whether or not you’re a good fit for an HSA. But what I can do is walk you … [Read more...] about How Does An HSA Work?
Today we’re going to take a look at a personal finance book that deserves a place on your book shelf: Financial Freedom: A Proven Path to All the Money You Will Ever Need, written by Grant Sabatier, promises to transform the way you view money and to help you save, invest, and better manage your money so you can achieve financial freedom. Before we go any further, I … [Read more...] about Financial Freedom Book Review
Good morning! Today we have a special guest to the site, Greg from Club Thrifty, who talks about the pros and cons of investing vs paying down debt. It’s a question I’ve often pondered and I can see value to both sides of the argument. Check out Greg’s post below and when you’re done be sure to leave a comment sharing your own opinion. Should you invest or pay off debt … [Read more...] about Is It Better To Pay Off Debt Or Invest
You’ve probably heard the term 401(k) at least a thousand times, and you might even have some of your own money invested in one. But exactly what is a 401(k)? And how does a 401(k) work? Those are the questions I’m going to answer in this article. And I’m going to answer them in plain English, so by the time you reach the end of this page you’ll be an official 401(k) … [Read more...] about How Does A 401(k) Work…In Plain English
If you want to stop living paycheck to paycheck and start building real wealth, you should look at these 7 characteristics that most self made millionaires have and you probably do not. In their classic 1996 book The Millionaire Next Door, Thomas Stanley and William Danko share their findings about the factors that determine who becomes wealthy in America. You might be … [Read more...] about 7 Qualities Self Made Millionaires Have That You Probably Don’t