Category: All blog posts
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Exciting Updates to 401(k) and IRA Limits for 2025
Great news for anyone looking to start—or boost—their retirement savings: 2025 is shaping up to be a year where you can stash even more for the future. The IRS has upped the contribution limits for 401(k) and IRA accounts, giving people more breathing room to grow their nest eggs. Limits keep up with the cost…
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5 Reasons Your Credit Score Really Matters
I remember when I first learned about how much my credit score could impact my life. At first, it felt like just a random number, but over time, I realized it was so much more. Your credit score is like a financial report card that affects everything from your loan approvals to where you live…
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Installment vs. Payday Loans: Know the Difference
Starting with loan options can feel overwhelming, especially when financial stress is high. For many Hispanic individuals in the U.S., navigating loans to cover essential expenses is an everyday reality. Payday loans are popular in Hispanic and Black communities because they’re quick and easy to get, despite their high interest rates [1]. When choosing a…
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Essential Bank Accounts for Building Wealth
When starting your financial journey, choosing the right bank accounts can feel overwhelming. I remember thinking just a checking and savings account would cover all my needs—until I discovered the wide range of options available. Each type of account serves a unique purpose, from handling everyday expenses to planning for long-term goals like retirement. By…
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Why Credit Card Balances Are Costing You More
If you’re feeling the pinch of higher costs when carrying a credit card balance, you’re not alone. Credit card rates are at historic highs, making it more expensive than ever to not pay your credit card in full each month. The reasons behind these increases involve a mix of factors: rising interest rates, bank fees,…
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How Many Credit Cards Should You Have?
Figuring out how many credit cards to have can feel overwhelming, especially when you’re just starting your credit journey. Your ideal number depends on your financial goals, spending habits, and comfort managing multiple accounts. Maybe you’re after best cash-back rewards, or just want a single card to build credit. Whatever your plan, adding cards gradually,…
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HENRYs: Why High Earners Still Feel Pressure
Earning a six-figure salary might sound like guaranteed financial comfort, but that isn’t always the case. Meet the HENRYs: High Earners, Not Rich Yet. These individuals or families typically earn between $100k-$500k yet still feel financial pressure. Why? Rising living costs, high student debt, real estate prices, and lifestyle inflation often leave them feeling stuck…
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Switching Jobs? Don’t Forget About Your 401(k)
Starting a new job is exciting—a new paycheck, new people, and new opportunities. But in the whirlwind of change, it’s easy to forget something crucial: our retirement savings. According to a Vanguard study, many job switchers lower their retirement savings, often without even realizing it. Over time, this oversight can cost them up to $300,000…
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Why Setting Up Your 401(k) Early is Essential
When I first started working, I didn’t think too much about my 401(k), but I’m so glad I enrolled right away—it made a huge difference. That retirement money has the most time to grow, thanks to compound interest. If your employer offers this benefit, taking advantage of it early can help you build a strong…
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Managing Student Loan Debt: A Guide for Grads
If you’re fresh out of school, I know firsthand how stressful it can be to face student loans. I’ve been there—dealing with both federal and private loans—and I’ve found a few things that helped me pay mine off faster. The good news? You don’t have to let your debt control you. Let’s dive into some…