Finance

1. What is financial planning, and why is it important? Answer: Financial planning is the process of setting goals, developing a strategy to achieve them, and managing your money effectively…

1. What is the 50/30/20 rule in budgeting? Answer: The 50/30/20 rule is a straightforward budgeting formula that allocates your income into three parts: 50% to needs, such as rent,…

1. What is a credit score? Answer: A credit score is a number that represents your creditworthiness based on your history of credit. Credit scores give lenders an idea about…

1. What are the best investments for 2024? Answer: The best investment depends on your risk tolerance and financial goals. For 2024, consider: Stocks (for growth) Bonds (for stability) Real…

1. What is retirement savings, and why is it important? Answer: Retirement savings are savings set aside to fund your living expenses when you retire. It's important because Social Security…

1. What are the tax filing deadlines for 2024? Answer: The deadline to file your 2024 taxes is April 15, 2025. If you need more time, you can file for…