If you’re like most renters, rent is the biggest expense in your monthly budget. That means it has the greatest potential impact on your savings rate. But you probably think of your rent as a fixed cost – a set rate that’s not at all flexible. Sure, you might have had a chance to get a…
According to the Bureau of Labor Statistics, roughly 1 out of every 10 American workers is self-employed. That number includes business owners, both small and large, and people who work on their own as freelancers. Being your own boss has a lot of perks, including the ability to decide when, where, and how you work.…
When your belongings are locked up in a box at the bank, you can only access them when the bank is open — which is a big problem for papers you might need to access in an emergency. And there are some physical valuables that, for one reason or another, are best stored elsewhere. So…
It’s the middle of the night, and a faint roaring, crackling sound has woken you from sleep. You smell smoke and open your bedroom door to investigate. Suddenly, you’re blasted with heat and the eerily bright orange light of a raging fire in the hallway. Would you know what to do in such a horrific…
I graduated with an MFA in 2008 and about $37,000 in debt from my master’s and undergrad programs combined. For the next few years, my student loans were a constant source of stress. I felt like I wasn’t making any progress on them. I was on an income-based repayment plan and not even paying the full…
Did you move to take a new job this year, or are you considering moving for work in the near future? According to the U.S. Census Bureau, just over 10% of the more than 32 million people who relocated in 2018 did so because of a new job or job transfer. If you’re one of…
Cash will never completely disappear. How else will the Marty and Wendy Byrdes of the world launder their money? Still, the role of cash, physical driver’s licenses, physical credit cards, and other staples of a Costanza wallet continues diminishing as the world becomes more digitized. And it’s happening faster than you may think. Increasingly, your smartphone can…
In the TV show “Game of Thrones,” the motto of House Stark is “Winter is coming.” These words serve as a warning; even in a world where summer often lasts for years at a time, it’s certain that winter will come again, and it’s important to be prepared for it. Change the word “winter” to…
Around the time of the 2008 financial crisis, a new buzzword hit the scene: gig economy. It referred to the growing number of people who were no longer working full-time jobs, with benefits, for a single employer. Instead, they were piecing together a living from an assortment of short-term, part-time, temporary, contract, and freelance jobs. Today,…
Even if you’re happy to part ways with your partner, divorce sucks. Depending on how many assets you shared with your partner and how you decided to handle your finances when you were married, getting divorced is often a long and complicated process, not to mention expensive. Since every couple is different and because divorce laws…