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7 Personal Finance Milestones in Your 30s

We recently discussed 5 Personal Finance Milestones in Your 20s, and today are following up with the next decade. Today we dive into the most important personal finance milestones of your 30s. Buy a Home While there are many circumstances where renting makes sense, owning your own home is a major milestone in your personal finances. When you buy a home, you stop paying someone else to live in their property and instead build equity in your own. On the 20s milestones list, an important item to help help you with this goal was noted: saving a down payment. If…

Why Estate Planning Is for Everybody

Estate planning and life insurance go hand-in-hand. Or, as Forrest Gump might put it: they go together like peas and carrots. Thinking about your last will and testament and other end-of-life decisions usually involves thinking about your life insurance needs, too. Unfortunately, avoiding one usually involves avoiding the other – and the majority of Americans are falling short when it comes to estate planning. Do you have an estate plan? Do you have life insurance? If not, here are some compelling reasons to get you going on both fronts. Everyone Has an Estate The popular connotations of the word “estate”…

Financial Advice for New Dads

There’s nothing quite like your first Father’s Day as a new dad. But once the excitement wears off, panic can set in. Especially when you look at how expensive having a baby can be. According to a 2013 report by the US Department of Agriculture, most middle-income families can expect to spend an average of $245,340 on their child by the time he or she turns 18. Add the cost of college tuition to that, and you may want to reach for the antacid. That said, covering your child’s expenses for the next two decades can actually be more feasible…

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