Dear Millennial, You Don’t Need Whole or Cash-Value Life Insurance

Wondering if you need cash-value life insurance, or whole life insurance? If you're a millennial, probably not - here's why.

I had a lovely reader email me a lovely question this week, and it made me so mad at the insurance industry. So millennials, listen up: you do not need whole life insurance. You do not need cash-value life insurance. You need term life insurance. (Maybe. If you want life insurance.) And since to most people, those all probably sound like finance gobbledegook, I am using this week’s post to (hopefully) drive a Buffy-the-Vampire-Slayer-style stake through the heart of any doubt in your mind that term life insurance is definitely the droid financial product you are looking for. So you … Read More

How to Save Thousands By Saying The Right Things to Customer Service Reps

How to save money by talking to customer service reps - the right way.

I am probably the worst person to ever take advice from when it comes to getting discounts from customer service reps, because true story, I’m timid af and the only strategy that has ever worked for me is stumbling into a discount by accident. So to cover for me, today’s guest post is a syndicated post from my friend Tori of Victori Media. She blogs about careers and money for 20-somethings who want to live life victoriously, and she’s amazeballs. Give her a warm welcome, say hi on Twitter, and enjoy! You guys, I love talking with customer service reps. … Read More

The Tactic That Helped Me Hit My House Down Payment Savings Goal

The tactic that helped with my house down payment savings goal

“Ok, so I’ve got… $4,000, give or take. And I need… OK, about $20,000. In a year. Good. This is fine.” That was me when I sat down about 18 months ago to get real about saving up for my half of a down payment on a home with The Boyfriend. And when I say “this is fine,” I hope you know this was the gif I was referring to, and how I actually felt about the goal. See, at the time I was probably saving about $600 a month towards the goal of someday-home-ownership. That sounds like a lot, … Read More

The Secret to Finding Your Magic Money Number

How to find your magic money number

Hey friends! Since I’m still working through the Quick Budget Fix with the first round of students, today I want to introduce you to Alyssa from Mixed Up Money, AKA my internet money BFF. She is absolutely hilarious, and was kind enough to let me republish her amazing take on a different type of “emergency” savings – and how to figure it out for yourself. Take it away, Alyssa! Ah, your magic number. The mysterious dollar amount that keeps your savings account from turning into an “I went over budget on my entertainment spending – again” account over and over … Read More

Short-Term Financial Goals You Can Totally Crush This Year

Short term financial goals you can still accomplish this year

Hey friends! I’m diving into the Quick Budget Fix with a group of pretty fantastic students right now, so for the next two weeks, I wanted to share some great posts from friends of mine who also happen to have blogs about money. This week, I’m handing the mic over to Andrew from Family Money Plan – this post was originally published on his blog, but it really clicked with me, because omg, the year is more than 1/4 over! If you’ve been looking for some financial goals you can still crush this year, here’s Andrew with a great list … Read More

How to Save a Five Figure Down Payment (And What To Do After That)

How to save a five figure down payment if you're trying to buy a house.

In order to buy a house, you’ll likely need to know how to save a five figure down payment, and that’s if you’re in an affordable housing market. With a minimum (Canadian) down payment of 5% of the house purchase price, even a $200,000 house will require a minimum down payment of $10,000. (The required down payment jumps to 10% on the portion of your purchase that’s over $500,000, and if you’re eyeing a $1,ooo,ooo house, you’ll need a 20% minimum down payment. This post is more for us over here in the under-$500-k price range.) That’s why it didn’t … Read More