Saving vs Investing For Your Retirement

I am off on paternity leave for a little while as my wife and I welcome our baby boy into the world. Since I receive many inquiries about guest posts, this seemed like the best time to finally share some of our readers’ work. If you are interested in guest posting on Lacking Cents, you can read our guidelines and submit your proposed topic here.

Our first guest post comes from Andrew Altman from Slickbucks.com. Andrew’s goal with Slick Bucks is to help folks learn to manage money cleverly, and how that clever management can make you wealthier. He has […]

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2017-06-12T14:38:37+00:00 June 5, 2017 6:15 am|Categories: Guest Post|Tags: , |2 Comments

Betterment: Where We Invest Money for Non-Retirement Goals

Not long ago, my wife and I were buried in five-figures worth of student loan debt and no investment savings outside of small 401K balances.  Investing seemed silly at the time because any extra money we came across could simply go toward exhausting the student loans earlier.  But in 2014, my wife became pregnant with our daughter and our priorities shifted.

We still had about $14,000 left on our student loans, but the interest rate was only 2.5%.  We decided to invest before paying off all our non-mortgage debt.  The move wasn’t as risky as it sounds — we adjusted our spending habits […]

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2017-05-16T16:44:06+00:00 May 18, 2017 6:30 am|Categories: Investing, Recommendations|Tags: , |0 Comments

Why Large Tax Refunds Are Not As Great As They Seem

Tax season can be nerve wracking and tedious for some. Those without a company withholding income taxes throughout the year need to make quarterly tax payments to the IRS, while others who haven’t planned well may not have prepared for the tax burden come April.

But for approximately 70% of U.S. taxpayers, a refund check is on its way shortly after filing taxes. And according to the Motley Fool, the average tax refund is nearly $3,000.

Great, right? Well, not if you are paying down debt or investing.

Many people do not realize it, […]

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2017-04-18T07:33:32+00:00 April 18, 2017 6:30 am|Categories: Debt, Investing|Tags: , , , |0 Comments