For many Americans, $1 million is seen as a savings benchmark for retirement. But in 32 U.S. states, the estimated minimum needed to retire at 65 is less than that. That’s according to a state-by-state analysis from personal finance website GOBankingRates, which estimates the minimum household savings needed to retire at 65 and cover essential…
When it comes to managing your finances, you may feel like you have to do the most: reap the most rewards from your credit cards, pay as little as you can in taxes, earn the highest returns on your investments and extract the most interest from your savings. If you feel this sort of pressure,…
Everyone who knows me knows that I can’t stand owing money. I pay down my credit cards every month, and I complete Venmo requests the second I get them. The only debt I have left is my student loan, which has been on minimum payment autopilot since I graduated from college in 2013. For many…
Struggling to stay on top of your money is not a unique problem. But neurodivergent people — such as those with autism or ADHD — can face a unique set of challenges when managing their finances, says Andrea Ewalefo, founder of Modern Lady Vibes, a financial coaching business specializing in neurodivergent women of color. One…
Bernadette Joy has heard the arguments against renting. It’s throwing money away. You’re getting killed on inflation. Homeownership is a cornerstone of the American Dream. Joy, a financial coach and author of “Crush Your Money Goals,” was a longtime believer in the latter point. “I definitely grew up with the philosophy that homeownership was the…
What would it take for you to feel financially comfortable? For most of the people who work with Joy Slabaugh, a certified financial planner, licensed therapist and founder of Wealth Alignment Institute, the answer is the same. “It’s always a little bit more than what they have,” she says. “Regardless of how much money they…
