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Going Back to School: Evaluating Financial Tradeoffs
So much of our financial lives are a result of decisions we make and how they either directly or indirectly impact our finances. Sometimes our hand is forced into making a financial move, but often we come to crossroads. We can choose which path we want to take and factoring money into the equation is a necessary part of that. Here we discuss some things to consider when you’re calculating tradeoffs.
How to Calculate Your Financial Runway
If you’ve ever tried to figure out how long you could go without working then you know all about a financial runway. Whether you’re looking to extend your maternity leave or start a business, it’s the same concept. How long can you keep going before you hit your comfort threshold and dip below your sweet spot when it comes to savings? Here’s a guide and template to help you calculate your financial runway.