A sinking fund is simply a pool of money built up over time to cover a significant future expense. It dilutes the impact of that expense, spreading it out over a longer period. Learn more (including how to set up sinking funds of your own) in this article.
"Should I pay off student loans or invest?" is easily among the most common questions I've seen while browsing online personal finance discussions. While there's no universal answer, keep reading as I provide 10 points you should consider before making this decision.
Hi Rinkydoo-ers! My name is Jesse, and I typically write on the Best Interest. But today, Brandon was generous enough to let me write here. And specifically, we’re gonna talk about mechanical engineering. And money too, of course.
Did you know there's a difference between being rich vs. wealthy? In this article, I'll explain the nuances that separate these two classifications.
We've all heard the saying "money can't buy happiness." Taken at face value, it makes sense. You needn't look very far to find examples of rich people who are absolutely miserable. However, I'd argue those people usually aren't miserable because of their wealth.
While we often look at wealth in terms of haves and have nots, there's more nuance than that. In particular, discussions of old money vs. new money reveal wealth's complexities. Keep reading as I dive into this comparison and explain how the differences between old money and new money can influence your financial planning for the better.
In this article, I'll explain why being house poor is such a terrible thing. I'll also share how you can avoid this scenario – or overcome it if you're already there.
In this article, I'll share a few common red flags you'd be wise to address with your partner sooner rather than later. In some cases, you may even want to walk away altogether.
At some point in their late teens or early twenties, most people find themselves wondering, "can I afford to move out?" In this article, I'll provide some tips for arriving at an accurate answer.
We all spend substantial portions of our lives pursuing money. But when does that end? How much money is enough to leave the rat race forever and actually enjoy life?