You have started to budget. That is a major step in financial responsibility. Here are a few of the more common expenses that many people forget to budget for. The good news? Budgets are not set in stone, so if you forget this time, you will remember next time.
Some say invest. Some say pay off student loans early. What will you do with your student loan debt? Well, it depends on your situation. It is entirely your choice, so we have compiled a pro/cons list for you to consider prior to your decision.
Are you still using or anticipating using the four percent retirement rule? Maybe you ought to think twice before doing so. This rule was a great rule of thumb when it was created in the mid-90s up until about 10 years ago. Then interest rates plummeted, and with them, the efficacy of the four percent withdrawal rule.