Gross vs. Net Income: What’s the Difference?
Gross and net income are similar concepts but represent two very different numbers when it comes to salary. Gross income is the salary you agree to when you accept a job offer and can be helpful when calculating taxes. Net income is your actual take-home amount after taxes, health insurance, paying into a 401(k), and […]
How Much Should I Have Saved by 40?
Whether you are entering your 40s or are just trying to plan for the future, it’s important to know how much money you should have squirreled away for retirement. This is especially important if you are aiming to retire at 67, with the average cost of retirement closing in on $1 million in the bank. […]
How to Use a Debit Card Without a PIN
It is possible to make purchases using debit without a personal identification number (PIN), but getting cash back or making withdrawals isn’t as easy. This enables you to purchase items online without the need for a PIN,] or to make a purchase with a card you have forgotten the PIN to. Smaller purchases, generally under […]
How Much Money Should I Have Saved by 35?
Your mid-30s are when you really start to accumulate buying power. It’s a time when you finally have a decent paycheck and the ability to start putting money away for retirement. If you plan to retire at 67, it’s time to ensure you have a plan, given that you will want around $1 million in […]
What is Compound Interest and How is it Calculated?
It may seem impossible to save up enough money for retirement when you are young and barely scraping by, paying off bills and struggling even to save up for emergencies. You may have a 401K or IRA, but no real idea how it works other than that you put a bit of money from your […]
What Do Millennials Want? A Report from a Real-Life Millennial
Millennials seem to be a puzzle that every previous generation is keen to solve. News constantly churns out content on how we refuse to buy houses, are doing nearly every activity under the sun differently than previous generations, are “killing industries” with our shenanigans, and, of course, how we are lazy and entitled. I was […]