Financial therapy is a relatively new field that combines the emotional support of a psychologist with the money mindset of a financial planner. Seeing a financial therapist can allow clients to begin to process their underlying feelings about money, while working out plans for retirement, savings, investments and other goals. Financial therapists (sometimes referred to […]
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Knowing a stockâs earnings per share can be a valuable portfolio benchmarking tool. Think of EPS as GPS for where a public company is on the value map, based on how profitable it has been. What is earnings per share? Itâs a ratio arrived at by taking a company’s quarterly or annual net income and […]
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Even with all of the financial tech available at your fingertips, like online banking and mobile apps, it can still be a drag to deposit a check. Whether itâs trying to take a clear photo of the front and back to submit to the bank, which will deposit it pending review, or physically bringing it […]
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Over the past decade, mortgage refinancing has grown in popularity. Not that big of a surprise, considering weâve seen a sizable drop in mortgage rates during this time. At the height of the housing crisis in 2008, rates averaged about 6% for a 30-year fixed-rate mortgage . Currently, the average rate for a 30-year fixed […]
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Cash-out refinances and home equity lines of credit are two borrowing options that allow homeowners to tap into the equity they have built in their home. A HELOC is a line of credit secured by the borrowerâs home. The line of credit can be accessed on an as-needed basis, up to the borrowing limit. The […]
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At some point or another, you’ve probably asked yourself, “how much money should I have saved by 40?” It’s a valid question that can be daunting to think about. The good news is you’re probably already saving money for retirement. The bad news is, you might not be saving enough money to retire when you […]
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As the world becomes increasingly cashless, you may wonder if there is any point to carrying cash around at all. The answer depends on your lifestyle and spending habits. Carrying–and paying in–cash, however, can still make sense in many circumstances. Indeed, some financial experts believe that switching to a cash-only system (and moving away from […]
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