Financial Planning
Comprehensive strategies for managing debt, insurance, taxes, and long-term financial goals.
Explore Planning ToolsDebt Management
Strategies to pay off debt efficiently and avoid future problems.
- List all debts with balances, rates, and minimum payments
- Consider debt avalanche (highest rate first) or snowball (smallest balance first)
- Avoid taking on new debt while paying off existing debt
- Consider debt consolidation if it lowers your overall rate
Insurance Basics
Protecting yourself and your family from financial risks.
- Health insurance is essential for medical expenses
- Life insurance protects dependents if you pass away
- Disability insurance replaces income if you can't work
- Property insurance protects your home and belongings
Tax Planning
Strategies to minimize taxes and maximize after-tax income.
- Contribute to tax-advantaged retirement accounts
- Keep organized records of deductible expenses
- Consider tax-loss harvesting in investment accounts
- Plan major financial moves around tax implications
Estate Planning
Ensuring your assets are distributed according to your wishes.
- Create a will to specify how assets should be distributed
- Consider a living trust for more complex situations
- Designate beneficiaries on all accounts
- Prepare advance directives for healthcare decisions