GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
Thats why so many people turn to experts for advice.
What Are Your Thoughts on Retirement Investing?
Her view is that match beats Roth beats traditional when it comes to retirement investing.
Match refers to an employer match of your retirement savings in a 401(k).
Employer matching is essentially free money given as a reward for saving for retirement.
If you still have money left, you might go back to your 401(k).
A Roth IRA is a retirement account that you manage individually and to which you contribute after-tax funds.
You will not owe taxes on your Roth IRA funds upon withdrawal at retirement.
Traditional IRA accountsare the opposite.
You contribute pretax dollars but owe taxes on the funds when you withdraw them in retirement.
How Should I Approach Saving and Paying Off Debt?
My answer for this one has always been the same, and it will never change.
That is, have a $1,000 emergency fund, but then everything else?
Throw at your debt.
She acknowledged that putting so much of your savings toward paying off debt can be frightening.
When you have outstanding debt, youre losing money every month on interest payments.
Putting the bulk of your savings toward eliminating that debt can ultimately leave you in astronger financial situation.
How Do I Budget?
Her recommended budgeting approach, regardless of your circumstances, remains the same.
Dont worry if your actual expenses dont line up perfectly with your estimates.
Cruze noted that the budget can fluctuate throughout the month.
You may have to change some categories.
It is aliving and breathing partof your life.
More From GOBankingRates
Share This Article:
