A 529 plan is a tax-advantaged educational savings plan operated by an educational or state institution. 529 plans were created by Congress in 1996, and “529” stems from their required compliance with section 529 of the Internal Revenue Code. They are legally known as “qualified education programs.” … [Read more...] about Prepaid 529 Plans
Rule of 72
Don’t underestimate the difference that a couple percent could make in the growth of your investment or savings. The rule of 72 is a simplified method of determining the number of years it would take for your money to double at a certain interest rate. It illustrates just how impactful a seemingly … [Read more...] about Rule of 72
Is Organic Food Worth the Added Cost?
In 2015 Consumer Reports found organic food to be on average 47% more expensive, based on over 100 product pairings. But is it worth the additional cost? Let’s dig into the data. Organic produce indeed has less synthetic pesticide and fertilizer residues than its conventional counterpart. Foods … [Read more...] about Is Organic Food Worth the Added Cost?
Should You Invest or Pay off Debt?
The decision of whether to use extra money to pay down your debt more quickly or to instead invest it for potentially greater overall returns could have an immense impact on your future financial state and thus should not be taken lightly. The first couple pages of Google search results for “pay … [Read more...] about Should You Invest or Pay off Debt?
5 Best Free Stock Photo Sites
In today’s hyper-digital world—the age of Instagram and Pinterest—images of excellent caliber are a critical accompaniment to text. You can probably make a compelling case that imagery predominates over written content. (Don’t get me wrong, I’m not knocking aesthetics.) Shamefully, I'll admit … [Read more...] about 5 Best Free Stock Photo Sites
5-Minute Guide to Debt Payoff
Got a lot of debt? Don't worry—the path to paying it off expediently and getting onto a solid financial footing is simple. Crush it in these 6 steps! 1. If you're living paycheck-to-paycheck, scrape together a $1,000 starter emergency fund (after paying your bills and minimum payments, of … [Read more...] about 5-Minute Guide to Debt Payoff
What Is a VantageScore?
Two scoring models comprise the vast majority of those used: FICO Score and VantageScore. You are likely more familiar with the FICO Score, given that it has been in majority use since 1989. VantageScore, on the other hand, debuted in just 2006. Though FICO Scores have the lion's share of usage by … [Read more...] about What Is a VantageScore?
High-Yield Savings Accounts (3%–4.59% APY)
In Best High-Yield Savings Accounts (3%–5% APY), I listed your most lucrative options for places to stash your savings, mostly available nationwide and offering over 5% APY. This post contains your next-best account options, offering between 3%–4.59% APY, also available nationwide. Though the … [Read more...] about High-Yield Savings Accounts (3%–4.59% APY)