Financial Literacy Blog

July 6, 2020
by Ashley Chorpenning

Average Net Worth by Age - Are You on Track?

Outlined below is the average net worth broken down by age bracket. Where does your net worth fall when compared to your peers?

Net Worth

July 6, 2020
by Ashley Chorpenning

Average Net Worth by Age - Are You on Track?

Outlined below is the average net worth broken down by age bracket. Where does your net worth fall when compared to your peers?

Net Worth

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June 30, 2020
by Michael

Budget Like a Hero - 8 Do's and 2 Gotcha’s

Maximizing utility is essential to staying on budget, meeting your financial goals, and growing your net worth. Anybody can do it. Here are nine tips you can use to save money.

Personal Finance, Budgeting

June 14, 2020
by Ashley Chorpenning

5 Money Moves You Should Make in Your 30s

After spending your 20s getting acclimated to adulthood, you may be ready to take the next steps toward financial security. Read on to discover the five money moves that you should make in your 30s.

Personal Finance

May 11, 2020
by Ashley Chorpenning

What Getting A Puppy Really Costs

Pets are great but how do they impact your budget? There are both up front costs and ongoing costs involved with owning a pet. Here is how my new "best friend" factors into my budget.

Family and Finances, Budgeting

May 4, 2020
by Michael

How to Save Money During A Crisis

The United States, along with most of the world, is in a recession caused by the outbreak of the Coronavirus. However, there are plenty of ways to save money during the crisis. Additionally, creating good …

Budgeting

April 21, 2020
by Michael

The Catch With Tax Deferred Retirement - RMDs

If you want to minimize your tax burden in retirement you need to know about the dreaded RMDs (required minimum distributions). Starting at age 72 RMDs begin to siphon off whatever you have saved in …

Personal Finance

April 3, 2020
by Michael

Is It Better to Pay Off Your Mortgage or Invest?

It is important to strike a balance between paying off debt and investing. However, it can be difficult to discern what the best option is. In this post I will discuss the tradeoffs between paying …

Financial Literacy, Homes and Real Estate

March 23, 2020
by Michael

Being a Lawyer vs Being an Electrician: Net Worth Simulations

Here's what you can learn about electricians, lawyers (and other career paths) by running some comparisons with the Wealth Meta Income and Spending Simulator.

Personal Finance

March 7, 2020
by Ashley Chorpenning

7 Money Questions To Ask Your Aging Parents

Starting a conversation with your parents about their finances can be daunting. However, most adult children get involved with their parents’ financial situation at some point. It’s helpful to understand their situation and goals so …

Family and Finances

February 24, 2020
by Anne

Budget Friendly Birthday Party Ideas

These budget-friendly birthday party ideas are going to open your eyes to the kind of party that you can really throw without spending a fortune or looking like a cheapskate. Make new memories and close …

Budgeting

February 7, 2020
by Ashley Chorpenning

Why I’m Not in a Hurry to Pay off My Student Loans

Being aggressive towards debt has a time and place. With high interest debt, yes, annihilate it. With low interest debt, such as student loans, read on to discover the trade offs.

Personal Finance

January 30, 2020
by Michael

The Cost to Raise a Child - 3 Scenarios

Children are expensive! My estimates range from $42,650 to $916,600 depending on lifestyle. And that is just to get them to age 18. More importantly 40-60% of the cost comes in the first five years! …

Family and Finances

January 18, 2020
by Wealth Meta Admin

2019 Results for CPI, Stocks, Bonds - Calculators Updated

Our calculators have been updated with 2019 data for CPI, S&P 500, bond, and cash returns.

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