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Signs You’re Not Saving Enough for Retirement

According to a study from Northwestern Mutual in 2020, 71% of Americans admit they need to improve their financial planning. This is understandable because many people are worried they're not saving enough for retirement. We can't guarantee that working with a financial advisor will translate to guaranteed returns, but the research does suggest significant benefits.…

ByMaster FinanceSeptember 28, 20220Comments

Debt Help

What to Do if You Have a Negative Balance on Your Credit Cards

Opening a credit card can be a great way to establish credit or earn rewards. However, if you aren't careful, it's easy to end up in debt. If your credit card balance is negative, don't panic! There are steps you can take to get your finances back on track. What Causes a Negative Balance? There…

ByMaster FinanceSeptember 28, 20220Comments

Retirement

Planning for Retirement? Don’t Forget to Consider Location!

Like most people, you've probably spent a good portion of your life working hard and saving for retirement. But have you thought about where you want to spend your golden years? The location you choose to retire in can significantly impact the quality of your retirement, so it's important to carefully consider your options before…

ByMaster FinanceSeptember 6, 20220Comments

Retirement

How Much Money Should You Have in Your Retirement Account?

Saving for retirement is essential, but knowing how much you should have saved at each stage of your life can be challenging. Here are some general guidelines to help you determine how much money you should have in your retirement account. In Your 20s… If you are in your 20s, you may be just starting your…

ByMaster FinanceSeptember 6, 20220Comments

Retirement

A Look Back at the Incredible Career of Serena Williams

On Friday, Ajla Tomljanovic of Australia defeated Serena Williams in the third round of the U.S. Open. This match signified the end of an illustrious career for the tennis superstar, who announced her retirement from professional tennis earlier this year. Turning pro at only 14, Serena Williams has since won 23 Grand Slam championships and…

ByMaster FinanceSeptember 6, 20220Comments

Debt Help

Is a Home Equity Loan Right for You if You Want to Consolidate Debt?

If you're struggling with debt, you may consider a home equity loan to consolidate what you owe into one monthly payment. While this can be a helpful solution for some, it's not the right choice for everyone. It's helpful to explore the benefits and risks of using a home equity loan to consolidate debt so…

ByMaster FinanceSeptember 6, 20220Comments

Debt Help

Why Fewer Customers are Using RIOs for Debt Consolidation

Fewer customers are using RIOs for debt consolidation as data reveals a fall from 13% in 2021 YTD to 7% in 2022 YTD. What are the reasons for this shift? What homeowners are switching to will be explored in this article. What are RIOs, and what do they usually offer customers? An RIO mortgage is an…

ByMaster FinanceSeptember 6, 20220Comments

Ways to Save

3 Personal Finance Myths Debunked by a Yale Finance Professor

Suze Orman, Dave Ramsay, Robert Kiyosaki, and Ramit Sethi are just a few of the personal finance gurus. They have sold hundreds of thousands of books and influenced public perceptions of what it means to be financially responsible. They're pretty successful, but are they always correct? According to Yale economics professor James Choi, not always.…

ByMaster FinanceSeptember 6, 20220Comments

Benefit Programs

What You Can and Cannot Purchase with Your EBT Food Stamp Benefits

The Supplemental Nutrition Assistance Program (SNAP) is the most extensive federal nutritional assistance program in the U.S., providing low-income households monthly benefits to help stretch their food budgets. These benefits are accessed via an Electronic Benefits Transfer (EBT) card, which works similarly to a debit card. Some examples you cannot buy with SNAP are beer…

ByMaster FinanceSeptember 6, 20220Comments

Benefit Programs

Texas Provides Emergency SNAP Benefits For Sept. 2022

Governor Greg Abbott (R) announced Friday, September 2nd, that the Texas Health and Human Services Commission is providing more than $344.9 million in emergency Supplemental Nutrition Assistance Program (SNAP) food benefits for September. The allotments are expected to help about 1.6 million Texas households. If you or your family needs help with food assistance, read…

ByMaster FinanceSeptember 6, 20220Comments

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