A good question to ask about debt is…..how much is too much? Consider a debt to income ratio to guide you. If you rent your home, you can figure that your total debt load should be no more than 20%. So, as you are putting a pencil to paper, write down your total income for […]
debt management
Money for Millennials
If you are in your twenties, you are a young adult millennial. Your colleagues might attend workshops about how to communicate with millennials, and many of the descriptors aren’t viewed positively. But there are good things about being a millennial! For example, millenials tend to be goal-oriented and good multi-taskers. (Jokela, Hendrickson, & Haynes, 2013) […]
Rainy Day Savings – How are your skies looking today?
Our April showers may be over, but the need for a Rainy Day fund follows us all year long. Many Americans get caught because they don’t have emergency money set aside for those unexpected events like job losses, car repairs, new furnaces, or emergency travel. Without an emergency fund, families are forced to borrow money, […]