Published Blogs Finance

What Should I Do If My Investments Are Losing Money?

Posted By Mdinich on Finance - When the stock market takes a sudden turn downward, it can be easy to get worried about your investments. Market turmoil can cause even seasoned investors to take pause. Watching the value of your investments go down can certainly be disheartening.In fact, a 2018 study found that Americans are more stressed by money issues than by personal relationships or work. Stock market volatility is nothing new so finding the best way to cope with the swings will help give you peace of mind. Getting your finances in order will help you weather the inevitable ups and downs of your investment portfolio.

What is an IRA?

Posted By thefinancetwins on Finance - If you’re like us, retirement seems like an impossible milestone that only some people are lucky enough to reach (like your manager’s boss). Which means that you may not even know the answer to ‘what is an IRA?’. An IRA is a retirement savings and investment account with tax benefits. We will tell you everything […]The post What is an IRA? appeared first on The Finance Twins.

How not to go into debt for the holidays

Posted By Mdinich on Finance - According to the American Research Group Inc., the average American intends to spend $992 this holiday season. For some, this could end up breaking the bank if they’re not careful. With all of the pressure to spend during the holidays, it’s easy to go into debt. If you want to avoid debt this season, here are a few tips to survive the holidays debt-free.Make a budgetReview your monthly budget and determine what you can truly afford this season. Don’t stretch yourself too thin and allow some wiggle room for unexpected expenses.

The Ultimate Health Savings Account Infographic

Posted By Mdinich on Finance - Check out our Ultimate Health Savings Account Guide Infographic. We think it's pretty awesome and sums up the true power of an HSA. For more information, check out our Ultimate Guide to Health Savings Accounts.

How To Start Investing

Posted By thefinancetwins on Finance - Learning how to start investing is intimidating. At least, it was for us. We got our first jobs when we were 16 years old. One of us worked at a car dealership cleaning cars to prepare them for resale, and the other worked as a grocery store cashier. Eventually we picked up 2nd jobs over […]The post How To Start Investing appeared first on The Finance Twins.

How can I possibly save enough for my child’s college education?

Posted By Mdinich on Finance - While it’s true that saving for college is easier the earlier you start, all hope is not lost if you waited a few years to get started. Despite the rising cost of a four-year degree, it’s still an important asset for climbing the career ladder in most professional settings.Paying for college is a financial goal for many parents but with an 18-year savings timeframe, it can easily fall by the wayside. Many people get so wrapped up in the day-to-day realities of getting the bills paid that they don’t get serious about college savings until their children’s preteen or teen years.

The Ultimate Guide To Financial Freedom

Posted By Mdinich on Finance - By now, you’ve probably heard of the FIRE movement. FIRE, which stands for Financial Independence, Retire Early, is everywhere. As a matter of fact, there is even a new movie coming out called Playing With Fire. The film itself documents a young family’s journey into the FIRE subculture as they look for a way to cut down time spent working versus time spent with their family.Financial freedom is a term used loosely, along with financial independence, and while they are very similar, they aren’t quite the same. The difference? Financial freedom allows you to completely walk away from your career without owing anyone a thing.

The Ultimate Blueprint To Paying Off Your Student Loans

Posted By Mdinich on Finance - With student loan debt, it can seem like your payments will last forever. But, there are ways to make paying off your student loans much easier. Whether you’re in the thick of paying them off, considering taking out student loans, or somewhere in the middle, knowing the right strategies to use will save you a lot of money and stress when it comes to paying off your student loans faster.As the second highest consumer debt, the average student loan balance tops $37,000 for the Class of 2016. If most of your paycheck goes to pay student loans because you haven’t yet met your earning potential, you can feel trapped.  There is hope, and you can get rid of your debt faster by upgrading your student loan repayment options.

Top Ten Ways To Avoid Bad Investments

Posted By Mdinich on Finance - When it comes to making investment decisions, sometimes our emotions take over for common sense. While we usually rely on our knowledge and experience to point us in the right direction, investing doesn’t always work that way.Fortunately, there are things you can do to keep on the right track. While you can’t control the markets, you can control your own behavior and how you respond. When making investment decisions, it’s essential to take into account a few potential pitfalls.