It is January and a time of the year when we ask these types of questions. Actually, it is a good question given the answer from Pop Culture Finance. Pop Culture Finance says you should have at least 6 months of income as a rule of thumb in your emergency account. Before I share my opinion, let's get one thing straight. An emergency fund is extremely important to prevent an escalation in personal debt. Debt is always the go-to solution when an emergency happens, you don’t hav

When it comes to saving and investing for retirement, the first step to take is enrolling in a 401K plan. The concept of the 401K plan is presented as the golden ticket to retirement. If you max this plan out year after year, you should have a great retirement.     Let me stop there for a minute. If only it were that simple... As a side note, there is way more to having a successful retirement plan than just maximizing a 401K plan for a number of years.  If you look closely a

Money and Relationships – now, there is a tough subject!    MagnifyMoney surveyed  nearly 1,000 Gen Zers and millennials who are married, engaged, or in a relationship. According to their findings, nearly three-fourths said they were angry with their partner because of a financial decision they made.     Full survey findings:  https://www.magnifymoney.com/blog/news/millennial-gen-z-relationships-survey/ .      We have all done it. You find out your spouse makes a financial de

There are many reasons why the experts suggest that you consider whether or not you change banks. Lately, it has been about the strength of the bank and whether it will be around years from now or another insolvency statistic. The main reason to change is that you are probably tired of getting hardly any interest paid on your savings account. Maybe you just realized you are getting paid .01% on your savings account versus 4% elsewhere. Regardless, the advice is the same – “ch