In recent years, another retirement savings vehicle has come about that might be superior to the 401(k): a health savings account (HSA). Today, on Nestology TV we discuss how the HSA is by far the most underutilized financial tool you can use to build your retirement nest egg.
Budgeting for Baby
Expecting a new arrival? Learn how to budget for your growing family, including child care, insurance, and parental leave. Starting a family is truly one of life’s most fulfilling experiences. Unfortunately, it can also be among the most expensive. Many parents could spend more than $200,000 during a child’s first 18 years. As you consider your growing family’s fiscal needs, …
50%, 20%, 30%: A Money Rule to Consider
One rule that can help you budget your income. Try the 50/20/30 technique for managing your household money. Applied over time, it may improve your financial picture. Here’s how you can do it: Assign 50% of your income to essential expenses. Think food, rent, transportation costs, and utilities. Try to avoid using up more than half your monthly income for …