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On September 18th, the U.S. Federal Reserve lowered its targeted Effective Federal Funds Rate (EFFR) – the rate at which banks borrow and lend each other money- by 0.5% from 5.25-5.50% to 4.75%-5.00%. The Fed also signaled a potential additional 0.5% rate decrease at the next Federal Reserve meeting, which takes place in early November. …
Compare debt snowball and avalanche methods to see which pays off $20K credit card debt faster and saves more interest for your situation.
Compare savings and lifestyle in Tier-2 cities with low salary versus Tier-1 high salary but costly living for better financial decisions in India.
A few years back, I had a little net worth bashing session. Over time (and with increased net worth) my view on this financial metric has softened a bit, but not much. A softer side comes from an increased appreciation for tracking the full value of all of the assets you have. It is hard …
The 20somethingfinance motto is “Get a Head Start on your Freedom”. “Freedom” is a bit ambiguous really, and as with a lyric on a favorite song, you can take it to mean whatever you like. But if I’m being honest about what “freedom” means for me, it is “financial independence“. Who wouldn’t want the freedom …
Most of us fail miserably at personal finance. In this country, personal savings rate are abysmal, net worths are tiny, and retirement savings are almost non-existent – across all age groups. Nobody intentionally wants to fail at personal finance, so why then are we so tragically awful at it? A tiny sampling of reasons includes: …
Learn how to repair credit after late payments with a simple 3-step recovery plan to rebuild your credit history and improve your score fast.
As human beings, we have the intellectual capacity to recognize that having certain things in our lives can add function, safety, entertainment, comfort, and even happiness at times. For example: And that last point is where things get a bit tricky. Our brains are very adept at recognizing when a basic need is met and …
I’m fortunate to work for an employer that offers stock units to its employees. The number of units you could receive varies based on your job level and performance. Then, each year, a portion of your total allotment vests. While this is something all employees at my company have in common, when the stock has …
It’s been a while since I’ve done an investing 101 article, so I’m overdue. In this post, we’ll cover an important investing component: bid-ask spread. May sound boring, but the knowledge gained could save you hundreds, if not thousands, over your lifetime when applied. What is Bid Price and Ask Price? Before understanding the implications …
