by Marilou Davido | Oct 7, 2024 | Resources
Deciding whether you can afford a purchase involves more than just checking your bank balance. It requires assessing your financial health and ensuring that the expenditure aligns with your long-term goals. Here’s a straightforward guide to help you make informed...
by Marilou Davido | Oct 7, 2024 | Resources
Navigating financial challenges can be daunting, especially for young adults just beginning to establish their financial independence. The pressures of managing student loans, living expenses, and career- related costs can quickly become overwhelming. However, there...
by Marilou Davido | Sep 16, 2024 | Resources
In the realm of personal finance, one crucial metric that often gets overlooked is the Debt-to-Income (DTI) ratio. This simple but powerful ratio measures the proportion of your income that goes toward debt payments. Understanding and managing your DTI can...
by Marilou Davido | Sep 16, 2024 | Resources
Credit card debt is a common challenge many people face. It can quickly accumulate due to high-interest rates, making it difficult to pay off. If you’re struggling with credit card debt, here are some steps you can take to regain control of your finances. Assess...
by Marilou Davido | Sep 16, 2024 | Resources
When you hear the word debt, do you become overwhelmed? Believe it or not, not all debt is considered “bad” debt. Generally, “good debt” is considered an investment in your future. It refers to borrowing that is used to acquire assets or services that are expected to...
by Marilou Davido | Sep 6, 2024 | Resources
A 401(k) plan is a popular retirement savings option offered by many employers in the United States. Named after the section of the Internal Revenue Code that established it, a 401(k) allows employees to save for retirement while benefiting from tax advantages. Here...
