When it comes to planning for retirement, most people focus on traditional options like 401(k)s or IRAs. But what if there was a way to grow your wealth, access your funds when you need them, and enjoy tax-free benefits along the way? Enter the Tax-Free Retirement Account (TFRA)—a flexible, powerful tool that goes beyond standard retirement savings. Whether you’re preparing...
When it comes to relationships, few topics stir up anxiety and vulnerability like money. Whether you’re newly in love or planning to walk down the aisle, navigating debt as a couple can feel like walking a financial tightrope. One common question we hear is, “Should we wait to get married because of debt?” The answer isn’t black and white—but what’s...
Debt can feel overwhelming, but with the right strategy—and the right support—it becomes manageable. At Level Coaching, we specialize in helping you break free from debt and achieve financial independence. Two of the most effective strategies we recommend to our clients are the Snowball Method and the Avalanche Method. Each has its unique benefits and challenges, and the best choice...
At Level Coaching, we’re committed to helping you break free from debt and achieve financial independence. One of the biggest decisions you'll face on this journey is whether to focus on saving or investing your money. Both are essential to building a secure financial future, but knowing when to prioritize each can make all the difference in reaching your goals...
When your car is on its last leg and it’s time to start looking for another vehicle, you may wonder which is better: leasing or buying? The answer: it depends. Leasing a car has many short-term benefits but long-term drawbacks. Here’s what you need to know to decide if it’s a good move for you right now:Downsides of Car LeasingLeasing...
Financial stress is a prevalent issue affecting individuals and families across the globe. This emotional and psychological strain arises from concerns about money, debt, and financial stability. Understanding the various aspects of financial stress and how it impacts mental health and relationships can help you navigate this challenging terrain.What is Financial Stress? Financial stress encompasses a wide range of concerns related...
Hey there, fellow savers! Wouldn't it be amazing if there was an "easy button" for saving money? While we're still waiting on that invention (fingers crossed!), there's a fantastic alternative: automation. By automating your savings, you remove the guesswork of when and how much to save. Let's face it, we're all juggling limited time, attention, and focus. Waiting until the...
Hey there, financial explorers! Today, we're embarking on an exciting journey to unravel the mysteries of your money mindset through hands-on, interactive exercises. Get ready to dive deep into your financial psyche with these four engaging activities designed to decode your unique financial blueprint. Let's embark on this interactive adventure towards financial self-discovery together!1. **The Spending Journal Challenge: Unveil Your...
Credit scores are often seen as the holy grail of financial wellness, but understanding how they're calculated can be a mystery to many. According to a survey by CompareCards by LendingTree, a staggering 37% of consumers admitted they had "no idea" how their credit score was determined. This lack of clarity allows myths about credit scores to thrive, potentially hindering...