You’re 30 and have 30 years to go before your projected retirement at 60. An ultra-rich benevolent uncle offers to fully fund your retirement. He gives you a choice: Option 1: For each of your 30 years to go he’ll assign to you R1 million, resulting in a handsome lump sum of R30 million in […]
Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently proposed a relatively straightforward strategy that can help. In its simplest form, the “Spend Safely in Retirement” plan suggests waiting […]
Buying a home is a major financial undertaking, so much so that a growing number of Americans are struggling to meet that milestone. For one thing, the homeownership rate among millennials has dropped in recent years, due in part to a limited inventory of starter homes, and also to student debt payments monopolizing so much […]
How many times have you been told that saving money is a good thing? Financial specialists recommend that you save a bit of money every month, but that’s easier said than done. After all, it’s not uncommon for people to live on pay cheque. However, if you want to start a company, you’ll need to […]
Syracuse University students have a serious decision to weigh in the coming weeks: how to spend their tax return checks. It’d be easy to throw it away on Schine quesadillas or late-night Good Uncle orders, but it’s important to make smart financial decisions sooner than later. Those who’ve yet to file their taxes have until […]
After paying off $40,000 in student loans with his wife, Bobby Hoyt quit his job as a teacher three years ago to focus on his personal finance blog, Millennial Money Man, and online entrepreneurship venture, Laptop Empires, full-time. Now, things are truly starting to take off. In January alone, the 29-year-old’s income topped $155,000, mostly […]
For some high earners, even making seven figures doesn’t satisfy. Take the anonymous entrepreneur who spoke to The Cut about what it’s like to bring in $1 million a year. Despite creating a successful fashion line, the single mom admits that “money and power make people greedy and crazy, and I am not exempt.” Although […]
We recently asked members of the BuzzFeed Community to share their top money-saving tips for grocery shopping at the dollar store. Here are some of their best (and most practical) tips: 1. Hit up the dollar store before going to the grocery store to see what you can get first. “I always go to the […]
What financial issues are worrying most Americans in 2018? According to an analysis of the most Googled GOOG, -0.31% financial topics, student loans are the No. 1 topic on people’s minds with an average of 2.4 million people per month asking, “How do student loans work?”, the study, by Liberty Bank for Savings, found. This […]
When it comes to salting away enough money for retirement, one of the biggest obstacles is the high cost of healthcare. The Employee Benefit Research Institute estimates that a 65-year-old man and woman would need $131,000 and $147,000, respectively, to stand a good chance of being able to cover premiums and prescriptions in retirement. These […]
Instagram has more than 800 million users, but not all of them have figured out how to make money from their feeds. However, Viktoria Altman, the blogger behind TravelTipster, is a social media maven who has cracked the code. Since she started using her Instagram for business purposes in late 2016, Altman has built a […]
As spring begins to bloom, and Americans break out of winter hibernation, improving wellness and working on a healthier lifestyle enters the forefront of their minds. Without spending a dime, you can benefit from the warmer temperatures of spring. Crack open your windows to air out your home, take more outdoor walks or bring your […]
