How do I calculate my debt-to-income ratio?
To calculate your debt-to-income (DTI) ratio, divide your total monthly debt payments by your gross monthly income, then multiply by…
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What’s the difference between traditional and Roth 401(k)?
The main difference between Traditional and Roth 401(k) plans is when you pay taxes. With Traditional 401(k)s, contributions are pre-tax…
How to lower my car insurance premiums without reducing coverage?
To lower car insurance premiums without reducing coverage, maximize discounts (bundling policies, completing defensive driving courses, using telematics programs), optimize…
What is a good expense ratio for mutual funds and ETFs?
A good expense ratio varies by fund type: for index funds, excellent is 0.00-0.10% while anything above 0.50% is expensive;…
Can I buy a house with 5% down payment?
Yes, you can buy a house with a 5% down payment through conventional loans (Fannie Mae and Freddie Mac), FHA…
What credit cards offer the best cash back rewards in 2025?
The best cash back credit cards in 2025 include flat-rate options like Wells Fargo Active Cash and Citi Double Cash…
Should I prioritize 401(k) or IRA contributions first?
You should generally prioritize retirement contributions in this order: first contribute enough to your 401(k) to get the full employer…
What is the 50/30/20 budgeting rule and does it work?
The 50/30/20 budgeting rule allocates 50% of after-tax income to needs (housing, utilities, groceries), 30% to wants (dining out, entertainment,…
How to create a realistic monthly budget when living paycheck to paycheck?
To create a realistic monthly budget while living paycheck to paycheck, first track all spending for 30 days to understand…
What is dollar-cost averaging and does it really work?
Dollar-cost averaging (DCA) is an investment strategy where you invest fixed amounts at regular intervals, buying more shares when prices…
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