When it comes to money, we all set out with good intentions to spend and save wisely. In the midst of a busy life, constant advertisements, and quick spending, saving money can seem impossible. In reality, we can only save money when we develop healthy habits. Check out a few simple habits that will turn your saving habits around. … Read more →
Creating a budget is an important financial strategy for building a future nest egg. One way to conquer the temptation to spend too much money during and after the holiday season is to establish a sound 2020 budget and stick with the plan. The following tips offer helpful suggestions for devising a workable budget: Think About Future Expenses … Read more →
For younger people in the millennial generation, their views towards finances and how they plan to become successful are a bit different than the baby boomers. They also have a few more tools on hand to learn different things about finances and not simply rely on what their parents would do. Yet, even if their ultimate goals are in the… Read more →
Facebook Libra has been in the news a lot lately. This cryptocurrency was envisioned as a so-called stablecoin. Libra was designed carefully to avoid the huge fluctuations faced by cryptocurrencies like Bitcoin. The plan was to offer a more stable currency, backed by stable securities. Sponsors like Visa, Mastercard, and Paypal seemed just about ready to get on board with… Read more →
One of the more common investment vehicles available to workers is the 401(k) plan. As of 2019, employees can invest up to $19,000 in a 401(k) plan. Those who have reached at least 50 years of age can contribute $6,000 in catch-up contributions for a total of $25,000. This is admittedly a pretty high figure for many families to hit.… Read more →
Most people want disposable income and walking around money so they can have a more enjoyable lifestyle, but for those who are otherwise content with their current employment situation, it might not be a viable option to switch careers. In this day and age, it is easier than ever to have a lucrative side gig in addition to having a regular job. Read more →
There are multiple options for investors saving for retirement including employer-sponsored and self-employed pension plans, 401k or 403b plans, Individual Retirement Accounts (IRAs), and deferred annuities. Here is some information to help you understand retirement annuities and how they can fit into your financial plans. What is an annuity? Financial institutions, mainly investment and insurance companies, offer annuities… Read more →
Millions of Americans are deep in credit card and student loan debt. There is a big fear of an upcoming retirement crisis because people have so little saved for their golden years. Much of the problem in American personal finance stems from the lack of good financial habits. Here are three great habits that everyone should follow. Set… Read more →
Financial technology continues to be one of the most exciting emerging industries in the United States. As businesses begin to brace for the changes brought to us by fintech companies, early adopters stand to gain the most from these innovations. Let’s look at 5 of the top fintech companies in the USA and examine how they can help everyday… Read more →
One of the biggest challenges faced by modern couples is finances. Getting ahead of their finances takes planning, education and consistency. Although disagreements over finances can and do come up, there are some simple steps that can keep such disagreements to a minimum so you can focus on what is really important. Maintain Separate and Joint Accounts A simple… Read more →