Archive - Her Financial Education

Should I Add to My IRA or My 401(k) First?

Saving for retirement is a crucial aspect of financial planning, and two popular retirement savings vehicles in the United States are Individual Retirement Accounts (IRAs) and 401(k) plans. While both offer tax advantages and help build a secure retirement nest…

boy in gray long sleeve shirt putting coins in a piggy bank

Teaching Children about Money

Financial education is a vital life skill that can empower children to make informed decisions about money from an early age. By teaching children about money management and instilling financial responsibility, parents can set them on a path to a…

Introduction to Investing: Basics, Concepts, and Terminology

In this blog post, we will provide a comprehensive introduction to investing, covering the basics, key concepts, and essential terminology, to help newcomers navigate this exciting journey with confidence. What is Investing? At its core, investing involves putting money into…

black stackable stone decor at the body of water

Balancing Risk and Reward: Investment Strategies for FIRE Seekers

Achieving FIRE requires meticulous planning, disciplined saving, and strategic investing. Finding the right balance between risk and reward is crucial when building an investment strategy that supports your FIRE goals. In this blog post, we'll explore investment strategies that FIRE…

Budgeting for Debt Repayment: Allocating Funds and Prioritizing Payments

Budgeting is a crucial component of effective debt repayment. By carefully allocating your funds and prioritizing your payments, you can accelerate your journey towards becoming debt-free. In this post, we will explore strategies for budgeting with a focus on debt…

faceless doctor with chocolate coins in hands

Planning for the Future: Exploring Long-Term Health Care Solutions

As we consider our financial well-being, it's essential to include provisions for potential long-term health care needs. Long-term health care refers to the assistance and support required when individuals are unable to perform daily activities independently due to chronic illness,…

credit card on smartphone screen near debtor documents

Consolidating Debt: Pros, Cons, and Considerations

Debt can be a significant financial burden, especially when you have multiple debts with varying interest rates and payment schedules. Debt consolidation is a popular strategy that aims to simplify your debt management by combining multiple debts into a single…

Understanding Qualified Plans: A Guide to Retirement Savings

When it comes to retirement savings, qualified plans play a significant role in helping individuals and businesses prepare for their future financial needs. These plans offer tax advantages and various benefits that incentivize saving for retirement. We will explore what…

Unlocking Financial Freedom: A Guide to Achieving Independence through Passive Income

Financial independence is a goal that many individuals aspire to achieve, providing the freedom to live life on their own terms. One effective path to financial independence is through the creation of passive income streams. Passive income refers to earnings…

close up photo of black piggy bank on money

Understanding Annuities: A Comprehensive Guide to Secure Your Financial Future

When it comes to planning for a financially secure future, one investment option that often comes into consideration is an annuity. An annuity is a financial product designed to provide a steady stream of income during retirement. WIth much debate,…