Budgeting

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How to Budget for the Hidden Costs of Homeownership

by Sophia Bera April 10, 2019

Lifelong renters are often surprised at the random additional expenses they have to cover when they buy a home for the first time. Because landlords cover a lot of the cost of maintaining their property (or roll that cost into your rent amount), rent is the highest amount you pay for housing per month, while […]

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Best Savings Tips

Ask Gen Y Planning: Where Should I Keep My Savings?

by Sophia Bera May 20, 2018

This question was submitted by a reader! Do you have a money question you’d like Gen Y Planning to answer in a future blog post? Submit it to genyplanning.com/askgyp. Where should I keep my savings? There’s plenty of advice out there for retirement savings but very little about other savings. What should I do with my […]

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Ditch your car

How Ditching Your Car Could Save You Thousands

by Sophia Bera August 30, 2017

For those of us who grew up in the ‘burbs, the idea of living without a car seems as foreign as driving on the opposite side of the road. How will you haul home groceries? How will you get to work? For many Millennials, especially now that we’re buying suburban homes and having kids (or […]

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car loan

Should I Buy a Car with Cash or Take Out a Loan?

by Sophia Bera August 16, 2017

Suppose you decide to buy a new car and, after considering whether to buy or lease it, you’ve decided to buy. Now comes your next big decision: should you pay cash for a car or finance it? Once again, there’s no one “right” answer. It truly depends on a few factors, like: The kind of […]

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Car buying vs. leasing

Should I Buy or Lease a Car?

by Sophia Bera August 9, 2017

Getting a car is one of the biggest financial decisions you’ll make, and it’s one that can affect your cash flow for years. Beyond the cost of the car, you’ll have to pay for maintenance, fuel, insurance, and parking. A car can cost you just over $700 per month on average, according to AAA (and […]

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Online financial tools

The Best Financial Tools, Apps, and Calculators I Recommend All the Time

by Sophia Bera June 28, 2017

Managing and automating your finances has never been easier. There are so many online and mobile tools available (most for free!) that setting yourself up for financial success involves little more than 30 minutes of set-up and a few minutes of monitoring a month. You’re more likely to meet your financial goals if those goals […]

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