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September 28, 2024
By
The Admiral Staff
Feeling financially strained after stimulus checks ran out? The article suggests seven ways to save money: consolidate credit card debt with a low-interest loan through AmOne, reassess homeowner’s insurance with Lemonade, switch to a cheaper cell phone plan with Twigby, earn cash by watching videos and taking surveys with InboxDollars, get free stock by joining Robinhood, cancel or compare car insurance through SmartFinancial, and stop wasting money on homeowner’s insurance.
September 28, 2024
By
The Admiral Staff
Amidst economic uncertainty and fluctuating financial landscapes, experts recommend prioritizing cash reserves and flexibility. Key strategies include holding onto cash rather than aggressively paying down debt, building an emergency fund (even a small one), seeking additional income sources, and utilizing lender relief programs only when truly necessary. Adapting to changing circumstances with flexible budgeting and reflecting on spending habits are also crucial for navigating financial instability and establishing long-term goals.
September 27, 2024
By
The Admiral Staff
This article explains traditional IRAs, a retirement savings option available since 1975. Unlike Roth IRAs, traditional IRAs allow for upfront tax deductions on contributions, lowering your taxable income, but withdrawals in retirement are taxed as ordinary income. Contributions are limited to $7,000 annually (or $1,000 extra for those 50+), and anyone with earned income can contribute regardless of income level. While early withdrawals typically incur a 10% penalty
September 26, 2024
By
The Admiral Staff
The cash envelope budgeting system, which restricts spending to pre-allocated amounts, can be adapted for a cashless world. Four alternatives include using gift cards for specific categories, utilizing envelope-based budgeting apps like Goodbudget, establishing separate bank accounts for different spending areas, or diligently tracking spending after each transaction with a manual ledger. These methods aim to maintain the core principles of the envelope system without physical cash.
September 25, 2024
By
The Admiral Staff
Many people are overpaying for online purchases, often assuming Amazon has the best prices. A free service called Capital One Shopping can help by comparing prices across websites, applying coupon codes, and alerting users to price drops, even outside of Amazon. It aims to help shoppers find lower prices and potentially faster delivery.
