Personal Finance

  • Personal Finance

    Gratitude in a Difficult Year

    This year took so many twists and turns we haven’t been able to keep count– often leaving us in complete overwhelm with a whirlwind of thoughts and emotions. Grief, anxiety, and sheer disappointment are just a handful that comes to mind when we reflect on the endless amount of curveballs life has thrown over the past year. Tragedy and loss plagued the entire world, leaving us speechless day after day. Despite the darkness that loomed for what seems like an eternity there has been an outpour of positives that we can’t forget to remember. As 2020 quickly comes to a close, let’s take the time to decompress and reflect on…

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  • Personal Finance

    Avoiding Investor Mistakes – MintLife Blog

    Many new investors have started investing, either through a traditional securities brokerage or with one of the new “app” based brokerage firms. No matter how long you’ve been an investor, or whichever firm you choose to buy your investment from, investor mistakes occur. Mistakes generally fall into six categories. We’re going to break down what these categories are and how to avoid these mistakes. Don’t just look at the short term  Short term performance is speculative. It’s long term performance that tells the complete story of an investment. While we may be tempted to invest in something that has had good short term performance, longer-term performance measures such as total…

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  • Personal Finance

    Employee Roundup: Ways to Creatively and Safely Celebrate the Holidays this Year

    2020 has been an unprecedented and challenging year for many of us. I had my first child this year and it’s difficult coming to terms that her first Christmas just won’t be the big event we’d all love it to be. But one thing I do believe is it’s an opportunity to create a new kind of memory, one that will stand out from all the other years and hopefully make the best of it. Last year, I was too pregnant to travel which meant it was just my husband and me at home. He didn’t grow up celebrating Christmas (which is what my family celebrates) and while he enjoys…

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  • Personal Finance

    7 Money Steps to Take Before 2021

    With the end of the year rapidly approaching, it’s a good time to take stock of your financial situation as you head into 2021. 2020 has been a strange year, and a difficult year for many people. With many people’s health and/or economic livelihoods affected by COVID-19, many people’s situation looks very different than it did back in January. As we head into a new year, here are a few things that you can do to improve your finances before the end of 2020. #1 Put at least $1000 into an emergency fund If you don’t have an emergency fund set up to handle unexpected expenses, that is a good…

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  • Personal Finance

    Should I Cash Out My 401k to Pay Off Debt?

    Paying off debt may feel like a never-ending process. With so many potential solutions, you may not know where to start. One of your options may be withdrawing money from your retirement fund. This may make you wonder, “should I cash out my 401k to pay off debt?” Cashing out your 401k early may cost you in penalties, taxes, and your financial future so it’s usually wise to avoid doing this if possible. When in doubt, consult your financial advisor to help determine what’s best for you. Before cashing out your 401k, we suggest weighing the pros and cons, plus the financial habits you could change to reduce debt. The…

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  • Personal Finance

    Why You Need to Open a UGMA/UTMA Account for Your Kids

    From the Mint team: As you know, Mint is a free product you can use to help stay on top of your finances. So, how do we make money? We get paid by the advertisers on our site. This compensation may affect how and where products appear on the site (and in what order). Mint.com does not include all products or all available offers. Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.   Saving and investing for college expenses may seem overwhelming, but setting aside…

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