Roth IRA Contribution and Income Limits for 2017

The IRS recently released its 2017 update to income and contribution limits for Roth IRAs. As detailed below, the contribution limits for a Roth IRA are unchanged for 2017 — they remain at $5,500. The catch-up contribution for those 50 or older, which is not indexed for inflation, remains $1,000. The income limits to qualify […]


How to Use Google Docs to Track Your Cash Flow

My husband and I have used many budgeting tools over the years, including Mint and YNAB. We still use (and love!) YNAB, but it left a hole for us: cashflow planning. Unfortunately, we’re still not accustomed to YNAB’s month-ahead spending goal. And that means that at some points in the month, our checking account ebbs […]


Is There a Difference Between Debt-to-Credit and Debt-to-Income?

When it comes to personal finance metrics, many important numbers are expressed as ratios. Two of the most common ratios you’ll hear are debt-to-credit and debt-to-income. They sound somewhat alike, so they’re easy to confuse. So, what do these terms mean? What’s the difference? And how are they used? Let’s check them both out. What […]


Everything You Need to Know About the FICO Score 9

Did you know that credit scoring models are constantly evolving? Many consumers have an idea of what goes into a credit score–payment history, account balances, account mix, etc. But they don’t know that the way lenders look at these items is constantly fluctuating. As further evidence of this, we now have a brand new credit […]


Will Checking Your Score More Often Actually Improve Your Credit?

Common wisdom is that if you want to improve your credit, you should first have an idea of where you stand. You need to know what your current credit score is and what you can do to improve it before you can take steps in the right direction. But one recent Discover survey revealed some […]


Everything You Need to Know About FICO’s Auto Score 9XT

When you think of your credit score, what do you think about first? If you’re like most consumers, you probably think of just one single number. That number changes over time, but it’s still just one credit score, right? Except when you’re talking about the FICO® Auto Score9 XT. The fact is that your credit […]