Since the early 2000s, the percentage of working Americans enrolled in a high deductible health plan (HDHP) without a health savings account (HSA) increased from 10.6% to 24.5% in 2017. Meanwhile, the percentage of people in the same demographic enrolled in an HDHP with a health savings account increased from 4.2% to 18.9%. Are you one of the millions of Americans who have a high deductible health plan without a tax-advantaged HSA to mitigate the costs of medical care? If so, opening a free, FDIC-insured health savings account with a … [Read more...] about Lively HSA Review – Why You Need a Health Savings Account
Did you know that only 32% of Americans regularly maintain a household budget? This abysmal statistic serves as an important reminder that the best practices of budgeting are not as commonsense as they may seem and it’s not enough to simply know how to budget – you have to put this information into practice if you want to see real change in your financial situation. Of course, budgeting isn’t exactly the most fun thing to do, especially when you could be spending that precious little free time on more enjoyable hobbies like traveling or … [Read more...] about GoodBudget Review – How to Spend, Save, and Give with Budgeting App
It can be difficult to determine what exactly is a good rate of return on your investments due to additional factors like tax rates, commission fees, account management fees, and so on. Even if you’ve been involved in managing your own investments with a human advisor or a robo-advisor for a while, investing is nevertheless a complicated venture. Anyone with other hobbies and a day job knows that. If you’re looking for a simplified, low-cost solution to the confusion swirling around the stock market and best investment strategies, then … [Read more...] about Robinhood Investing App Review – How to Invest Commission Free!
One of the most important lessons a parent can teach their child is proper financial management. This is something rarely taught in schools, yet a vast majority of parents do not adequately prepare their children and teenagers for independent financial management when they reach adulthood. Reasons for this may range from an unwillingness to discuss financial matters with their children to simply not realizing the importance of actively teaching kids the basics of budgeting, spending & saving, and other critical financial skills. To … [Read more...] about Wallit App Review – A Great Budgeting Smartphone App
When you’re tight on cash and need to make a relatively large purchase, it can be challenging to decide how to pay for it without breaking the bank. Some folks immediately whip out their credit cards, while others look for ways to avoid the purchase until they can afford it. Another more moderate approach could be paying for the purchase in monthly installments over a set period of time (e.g., 3, 6, 9 or 12 months) through a lending program. One increasingly popular way for consumers to finance their purchases over time is by checking out … [Read more...] about What Is Affirm and Is It Worthwhile for Consumers Financing Big Purchases?
There are only so many hours in a day to manage everything from house chores and work to preparing meals, staying in touch with family and friends, and taking care of your kids, pets, plants, etc. When you add in multiple financial management obligations like remembering payment deadlines, allocating funds to the appropriate accounts, tracking your spending and regularly putting money into savings, life can get pretty hectic! Fortunately, there are plenty of new, innovative solutions for simplifying consumers’ busy lives, and I’m not … [Read more...] about PocketGuard Review – Easily Track Your Spending and Create a Budget