How To Prioritize Your Debt

How to Prioritize Your Debt

            Covering your essentials and tackling financially-damaging debt Please Note: This article contains affiliate links. If you click on those links, I may receive compensation.   When it comes to managing debt, single moms have extra struggles to deal with. But we manage to overcome those hurdles and keep making strides to pay off debt and build net worth. Then 2020 happened, and for many of us our financial progress got knocked off track. According to a survey by Lending Tree, 56% of parents have gone into debt during this Covid crisis… and it’s even harder on single moms. But that doesn’t…

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How To Open A Roth IRA In Under 30 Minutes

How to Open a Roth IRA in Under 30 Minutes

You need to do this today. Single moms – women in general, actually – are waaayyyyyy behind when it comes to retirement savings. We all have plenty of reasons for this… but when we’re 80 and out of money, those reasons won’t matter at all. So today we are going to take 30 minutes to open up Roth IRA accounts. We’re focusing on Roth IRAs specifically because you always have free and complete access to the money you put in. This takes a huge barrier out of the way of retirement savings: This money is not locked up, and you…

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Avoid Target-Date Retirement Fund Traps

Avoid Target-Date Retirement Fund Traps

What you don’t know about target-date funds can hurt you Note: This article contains affiliate links. I may receive compensation if you click on them. Thank you for your support. When your to-do list is already a mile too long, it’s tempting to go the easiest ways to get things done. That’s especially true when it comes to financial matters – like retirement savings – that seem complicated. That’s why so many single moms go with the hands-off, no-worries choice in their retirement plans: target date retirement funds. The whole point of these is to pick one, then ignore it…

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