Learning about investing can feel like a lot. But actually doing it...could make you a lot.
- Get Rid of Student Debt
Some relationships aren’t built to last. Learn how to break up your loans. And never, ever get back together.
- Save for Emergencies
Life's full of surprises. Emergency funds save the day when you get the not-so-fun and expensive kind.
Skimm'tionary: Stock Market
S&P, NASDAQ, DJIA...WTF? Here are some of the most important investing terms you need to know.
Every story has a financial angle.
- What a Struggling Social Security Program Means for Your Finances
- What Repealing Obamacare Could Mean for Your Wallet
- How Tariffs Can Affect Your Wallet
- What Brexit Could Mean for Your Wallet
- What Falling Bond Yields Can Mean for Your Wallet
- How a Recession Can Affect Your Wallet
No one knows when the next recession will hit. But whenever it does, it may not be pretty for anyone’s finances.
- How a Strong US Dollar Can Affect Your Wallet
Hint: it's not always a good thing.
- How Rising Oil Prices Can Affect Your Wallet
It's not just what you pay at the pump.
Skimm'tionary: Student Loans
Learn the loans language. So when you come across 'capitalized interest' and 'deferment' in a sentence, you're less 'WTF?' and more 'I got this.'
When unpaid interest is added to your loan. Think of it as monetary punishment for not making payments. A lot of capitalized interest means you’ll end up paying back WAY more than you borrowed. Not fun.
Combining multiple federal loans to simplify your life. Anddd exhale. You might get a lower monthly payment now if you extend the loan term. But stretching out your timeline means you’ll end up paying more in interest over time.
Saving and Investing
Earn. Save. Invest. Repeat.
- Millennial Money: Financial Health for Women
- Investing 101: ETFs, Mutual Funds, and Stocks, Oh My!
- What You Need to Know About the Stock Market
- Picking Savings Goals You’ll Be Motivated to Hit
- theSkimm on Last-Minute Travel Without the Spending Hangover
- How to Get Your Bank Account Ready to Buy a Home
- theSkimm’s Guide to Surviving Wedding Season
- Easy Ways to Save Money On Food
There are some easy ways to cut back. No cooking skills required.
Skimm'tionary: Emergency Savings
Speaking the 'emergency savings' language is part of the fun(d).
A savings account just for surprise expenses. Think: losing your job or a surprise vet bill. Teeth-whitening and a last-minute bachelorette party invite not included. Experts recommend saving three to six months’ worth of take-home pay. Side effects include sleeping like a baby.
A popular budgeting framework that breaks down your paycheck like this: 50% goes toward basic needs (housing, groceries, transportation), 20% to saving and investing, and 30% for wants (Netflix, happy hours, haircuts).