It might seem impossible to save money while simultaneously reducing debt. The challenge becomes particularly daunting when high-interest debt repayments take up the majority of your income. However, building a financial cushion and keeping overall debt to a minimum is vital for maintaining financial stability. Fortunately, these six strategies can help you achieve your goals. 1. Create a detailed...

College graduates often feel overwhelmed when their student loan payments kick in, especially while juggling new career responsibilities and living expenses. Without a solid plan for handling student loan debt, you might struggle to make payments, damage your credit score, or have to postpone other financial goals. Use these practical tips to design a plan that balances your student loan...

When buying or leasing a new car, a crucial type of coverage called gap insurance could protect you from unexpected financial loss. Also known as Guaranteed Asset Protection, this optional coverage provides relief during two of the most devastating scenarios car owners can face - when their vehicle is totaled or stolen. Here’s what you should know about gap insurance. How Gap Insurance Works Gap...

Navigating the cost of higher education can be overwhelming, but you don’t have to do it alone. Whether you’re just getting started or looking to fill in the funding gaps, this simple guide can help you understand your options to confidently pursue your dreams. Start with “free” money. The most cost-effective way to fund college is with scholarships and grants that do not need to be paid back...

All it took was one final test drive to convince yourself that you'd found "The One" — the perfect vehicle. It meets all your specs, including color, style, and safety features. And with financing in order, you're ready to grab the keys to your new (or new-to-you) vehicle. But before you sign on the dotted line, slide into the driver's seat, and drive off in your new ride, slow down and double...

Earlier this year, pet adoption and fostering surged during stay-at-home orders limiting social contact. Shelters in Colorado happily announced they had no animals available for adoption. The American Society for the Prevention of Cruelty to Animals (ASPCA) reported that several states experienced a near 70% increase in pet fosters when compared to the same time last year. It's a win-win for both...

Understanding basic federal tax rules could help you keep more of your hard-earned money. Whether you’re filing your taxes solo or hiring a professional, these five strategies can help you optimize your tax return for the 2024 tax year. 1. Understand Your Filing Status Your tax filing status determines your tax bracket, standard deduction amount, and eligibility for specific tax credits. Selecting...

Money worries don’t just affect your wallet - they can also take a serious toll on your sleep, relationships, and overall well-being. Whether due to economic uncertainty around the globe or in your home, the resulting anxiety may negatively affect your mental health, making it harder to take action to improve the situation. But you can take steps today to gain peace of mind. 1. Create a budget. A...