February 2018 - Engineer Your Finances

Young & Stable: How To Become Financially Independent In Your 20s

Nov 24 2021Feb 28 2018

Let’s face it: the current economy does not support young people in their journey to becoming financially independent. This has been a trending problem over the past few decades, and with the lack of jobs and upward mobility in most places, it can seem nearly impossible to become financially independent and responsible in your twenties. … Read more

What Savers Do with Their Work Bonuses

Feb 26 2018Feb 26 2018

If you’re a hard-working professional, receiving a bonus is the ultimate form of recognition. Everyone loves a little bit of extra cash, but figuring out what to do with your windfall isn’t always easy.

Many people are tempted to blow their work bonuses by making a purchase they would usually skip. However, if you want to adopt a saver’s mentality, that’s the last thing you should do.

Tamila McDonald

Tamila McDonald has worked as a Financial Advisor for the military for past 13 years. She has taught Personal Financial classes on every subject from credit, to life insurance, as well as all other aspects of financial management. Mrs. McDonald is an AFCPE Accredited Financial Counselor and has helped her clients to meet their short-term and long-term financial goals

Traditional or Roth IRAs – Which Are Best?

Feb 23 2018

Planning for retirement is challenging. Often, you have to anticipate your future financial situation and estimate your needs well before you’ll begin pulling money from your retirement account. This makes it challenging to choose between a Traditional or Roth IRA. Each offers distinct benefits and drawbacks, largely based on the lifestyle you believe you’ll have, not the one you have today.

If you aren’t sure which option is right for you, here’s what you need to know about Traditional and Roth IRAs.

Tamila McDonald

Simple Ways to Save on Medical Expenses

Feb 15 2018

With today’s rising medical costs, it can be difficult to afford even basic medical care. However, by being smart and really thinking about your decisions, you can keep your medical expenses in check. For starters, always research service costs online. Since more and more consumers are having to pay for their own healthcare costs, third-party … Read more