Alvo

Guides

Plain-language articles on FIRE, investing, mortgages, taxes, and net worth - written to support our free calculators. 44 guides and growing.

FIRE & Retirement

FIRE & Retirement2 min read

What Is FIRE? Financial Independence, Retire Early Explained

Learn what FIRE means, how the 4% rule works, and how to estimate your FI number before using a FIRE calculator.

FIRE & Retirement3 min read

How to Calculate Your FI Number: The Formula Behind Financial Independence

Step-by-step guide to calculating your financial independence number, annual expenses, withdrawal rates, inflation, and how variants like Lean and Coast FIRE change the target.

FIRE & Retirement2 min read

The 4% Rule Explained: Safe Withdrawal Rate for Retirement

What the 4% rule means, where it came from, its limits in today's markets, and how to use safe withdrawal rates in FIRE and retirement planning.

FIRE & Retirement3 min read

Coast FIRE Explained: Stop Saving Early and Let Compounding Finish the Job

Learn what Coast FIRE means, how to calculate your coast number, and when you can stop aggressive saving while still reaching traditional retirement.

FIRE & Retirement2 min read

Lean FIRE Explained: Retire Early on a Minimal Budget

What Lean FIRE means, typical spending levels, tradeoffs of a frugal early retirement, and how to calculate your lean FI number.

FIRE & Retirement2 min read

Barista FIRE Explained: Part-Time Work and a Smaller Portfolio

How Barista FIRE works, why part-time income lowers your FI number, and when semi-retirement beats full early retirement.

FIRE & Retirement2 min read

How to Compare FIRE Strategies: Lean vs. Coast vs. Barista vs. Full FIRE

A side-by-side guide to FIRE variants, timelines, portfolio targets, lifestyle tradeoffs, and how to choose the right path for your goals.

FIRE & Retirement3 min read

Retirement Planning Guide: Portfolio Withdrawals, Longevity, and When You Can Stop Working

How to plan for traditional retirement, withdrawal rates, portfolio longevity, Social Security timing, and using a retirement calculator to stress-test your plan.

Kids & Money

Kids1 min readIncludes quiz

What Is Money? A Simple Guide for Kids

Learn what money is, how people earn it, and the three main things you can do with it: save, spend, and give.

Kids1 min readIncludes quiz

Needs vs. Wants: How to Tell the Difference

Learn the difference between things you need and things you want, and why it helps you make smarter spending choices.

Kids1 min readIncludes quiz

Saving for a Goal: How to Reach Something You Want

Step-by-step guide for kids on picking a savings goal, tracking progress, and staying motivated until you get there.

Kids1 min readIncludes quiz

Allowance Basics: Save, Spend, and Give

How allowance works, popular jar systems, and how to build good money habits when you get paid each week.

Kids1 min readIncludes quiz

Grocery Price Hunt: A Store Game for Families

A 15-minute supermarket game to teach unit prices, comparing brands, and smart shopping with kids.

Kids1 min readIncludes quiz

Restaurant Budget Night: Menu Math at Home

A pretend restaurant night at home. Kids order from a menu, add tax and tip, and stay within a budget.

Teens1 min readIncludes quiz

Compound Interest for Teens: Why Starting Young Matters

A teen-friendly explanation of compound interest, how savings accounts and investing differ, and why time beats timing.

Teens2 min readIncludes quiz

Your First Job: Paychecks, Taxes, and What to Do With the Money

What to expect from a first job or side gig: gross vs. net pay, basic taxes, and how to split your earnings.

Teens1 min readIncludes quiz

Budgeting Basics for Teens

How to track money in and money out, build a simple teen budget, and avoid running out before the month ends.

Teens1 min readIncludes quiz

Thrift Flip Challenge: Buy Low, Sell Smart

A teen project: buy something secondhand, improve or resell it, and track profit or loss like a mini business.

Teens1 min readIncludes quiz

Bills & Budget Bingo: Learn Fixed vs. Variable Costs

A bingo-style game for teens: spot bill types, guess amounts, and build a practice monthly budget.

For parents2 min read

Teaching Kids About Money: A Guide for Parents

Practical ways parents can teach kids about earning, saving, spending, and giving, with age-appropriate activities and free tools.

For parents2 min read

Kids Savings Accounts: What Parents Should Know Before Opening One

When to open a savings account for your child, custodial vs. joint accounts, youth banking features, and how to teach saving alongside the account.

For parents2 min read

Investment Accounts for Kids: Custodial Brokerages and How to Start

How parents open custodial brokerage accounts for kids, what UGMA and UTMA mean, simple index-fund investing, taxes, and when investing beats savings.

For parents3 min read

College Savings for Kids: 529 Plans and Other Options for Parents

How parents can save for college with 529 plans, Coverdell accounts, and custodial savings. Tax benefits, financial aid basics, and when to start.

For parents3 min read

Roth IRA for Kids: How Parents Can Open One and Why It Works

Open a custodial Roth IRA for a child with earned income. Contribution rules, what counts as income, tax filing basics, and why starting in the teens pays off.

Investing & Savings

Housing & Mortgages

Housing & Mortgages3 min read

Rent vs. Buy: How to Decide If You Should Buy a Home

Compare renting vs. buying a home with break-even analysis, opportunity cost, closing costs, and maintenance, and when each option makes financial sense.

Housing & Mortgages3 min read

How Much House Can You Afford? Income, Debt, and Down Payment Rules

Rules of thumb and real math for home affordability, the 28/36 rule, DTI limits, down payment impact, and how to stress-test payments before you buy.

Housing & Mortgages3 min read

Home Down Payment Guide: How Much You Need and Loan Options

Down payment requirements for conventional, FHA, and VA loans, PMI, closing costs, gift funds, and strategies to save for your first home purchase.

Housing & Mortgages3 min read

How Mortgage Payments Work: Principal, Interest & Amortization

Understand monthly mortgage payments, amortization schedules, PMI, escrow, and strategies to pay off your loan faster with less total interest.

Housing & Mortgages3 min read

When to Refinance Your Mortgage: Break-Even, Rate Shopping, and Common Mistakes

Learn when refinancing makes financial sense, how to calculate the break-even point, and what closing costs and rate differences really mean for your wallet.

Housing & Mortgages3 min read

Mortgage Payoff Strategies: Extra Payments, Biweekly Plans, and Interest Savings

How extra mortgage payments work, biweekly vs. monthly schedules, lump-sum paydowns, and when paying off your mortgage early beats investing.

Housing & Mortgages3 min read

What Is a Mortgage Recast? Lower Payments Without Refinancing

How mortgage recasting works, when it beats refinancing, typical fees, and how a lump-sum principal payment reduces your monthly bill.

Taxes

Net Worth