How To Calculate Your Savings Rate

Your savings rate is the percentage of your income that you save. You can calculate your savings rate by adding up all your savings and investments for the year and dividing it by your total income for the year. For example, let’s say you earned $50,000 in 2019 and you saved $10,000. Your savings rate […]

How To Calculate Your Debt-to-income Ratio

Your debt-to-income ratio is the percentage of your monthly income that goes towards paying your debts. It’s an important number to know because it can help you understand your financial health and determine whether you can afford to take on new debt. To calculate your debt-to-income ratio, you’ll need to gather two pieces of information: […]

How To Calculate Your Net Worth

Your net worth is the value of your assets minus your liabilities. In other words, it’s what you own minus what you owe. To calculate your net worth, simply subtract your total liabilities from your total assets. This will give you your net worth. Assets Your assets are everything you own and can use to […]

The Pros And Cons Of Investment Services

When it comes to investment services, there are a lot of things to consider. There are many different types of investment services, and each has its own set of pros and cons. Here are some things to keep in mind when considering an investment service: The first thing to consider is the type of investment […]

The Challenges Of Personal Finance Planning

In fact, they’re as old as money itself. But the internet has brought with it a whole new set of challenges – and opportunities – when it comes to managing your money. On the one hand, there’s more information – and more misinformation – available than ever before. On the other hand, there are also […]

Implement Your Financial Plan

Start by creating a budget and goal list. Determine what you need and want in life and what you can live without. Build out your budget by factoring in your income, debts, and expenses. Make sure to leave room for savings and emergencies. Create a savings plan Save for both short-term and long-term goals. Have […]