Tag: personal finance

Debt First or Freedom First?
June 12, 2023 Off

Debt First or Freedom First?

By The Admiral Staff

A 26-year-old earning $50k annually with $21k in student loan debt is weighing whether to pay off the debt entirely before moving out of their parents’ home. The article highlights the common struggle of young adults burdened by student loan debt and presents a mixed perspective on whether prioritizing debt repayment or independence is the better financial move, ultimately prompting readers to share their own opinions and experiences.

The Effortless K: How I Finally Built an Emergency Fund
May 3, 2023 Off

The Effortless $2K: How I Finally Built an Emergency Fund

By The Admiral Staff

The author, who struggled to save money despite being frugal, discovered Digit, an app that automatically transfers small amounts ($5-$50) from their checking account to a savings account based on income and spending patterns. After 10 months, they saved nearly $2,000 for an emergency fund. While the app has limitations – it offers no interest, requires bank account access, and isn’t ideal for those with low balances or a need for precise control – the author found it