What is a Roth IRA?

What is a Roth IRA?

A Roth IRA is an Individual Retirement Account that allows you to pay taxes on the money you invest now, so you don’t have to pay taxes on it later. Things You Should Know About Roth IRA’s: Most Roth IRA’s have rules about how old you have to be and...
Why is my Credit Score Important?

Why is my Credit Score Important?

A banks and other lenders use your credit score to determine how risky you are to loan money to. A good credit score can help you get better interest rates on loans. A good credit score can help you get great deals on credit cards, insurance premiums, apartments, and...
What is an IRA?

What is an IRA?

IRA stands for Individual Retirement Account. An IRA can help you save money to live on when you retire. Important Things to Know About an IRA: An IRA allows you to save for retirement and get tax benefits on the money you save. The money in your IRA can be invested...
Is My Money Safe in a Bank Account?

Is My Money Safe in a Bank Account?

Keeping money in a bank account is safe because most accounts are insured for up to $250,000 by the federal government. Benefits of using a bank account: You have more protection against fraud and accidental charges. Direct deposit into your account means money you...
Steps for Creating a Budget

Steps for Creating a Budget

Calculate your monthly income. Add up your fixed monthly expenses like rent, utilities, food and supplies, auto expense, savings, etc. Determine your discretionary expenses like clothing, eating out, going to the movies, gifts, etc. Subtract your fixed expenses from...