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These Tips Equal Six Figure Savings

Submitted by Sterling Raskie on Tuesday, March 15, 2016 - 11:00am

Who can save for retirement these days? You can, if you know where to look and honestly assess what you can live without.

Recently I had fun with some of my undergraduate students. I asked my entire class to make a list of the wants (not needs) on which they frequently spend money. Answers varied from smartphones, cable and satellite TV, coffee shops and beverages (I didn’t press them on specifics on that one) to such grooming costs as hair coloring, pedicures and the like.

Here are my students’ average monthly expenses:

Money Decisions for Couples

Submitted by Andrew Comstock on Tuesday, February 23, 2016 - 12:00pm

You share life and all your love with your spouse or partner, but is one of you detached from money matters? Here’s why and how to find more balance in your financial decision-making.

Merging two financial lives and backgrounds can take time, particularly if you married later in life. If you’re like many people, you structure your home life around one person taking ownership of certain tasks. The same usually applies to your family’s financial tasks.

Regarding finances, though, not sharing your responsibilities can be a huge mistake.

Year End Bonus Tips

Submitted by Mary Beth Storjohann on Monday, December 28, 2015 - 12:00pm

As the economy continues to grow and almost three out of every four executives surveyed  say they feel generous, you may find yourself fortunate: You got a year-end bonus for 2014. Shelve for a moment your visions of exotic trips and instead evaluate how to make the most of this extra money.

Caught Shopaffluenza?

Submitted by Rick Kahler on Thursday, December 24, 2015 - 9:00am

While shopping can make you happy for a while, it has the potential to hurt your financial future in the long run. What is ominous is that half of Americans shop to feel better.

“It’s not just shopping, it’s retail therapy.” As a bumper sticker or a joke between friends, this may be amusing. But if shopping is a significant way to relieve stress, the expression isn’t so funny.

Marriage & Money Mergers

Submitted by Michael Garry on Friday, December 18, 2015 - 12:00pm

One set of financial goals is hard enough to manage. Two sets can seem impossible until you learn how to merge finances with your spouse – and how to keep some assets separate.

Coming together with your spouse for big-picture costs – homes, a college education – is probably easier if you share financial goals and values. Some couples match up from the start; other couples grow into such simpatico. (Amazingly, some couples succeed in planning despite having many different goals and values.)

Vital Credit Score Details

Submitted by Kimberly J. Howard on Friday, December 18, 2015 - 9:00am

You probably carry around credit cards or took out a loan for a major purchase at least once. As a result, you also carry around a credit score – a nebulous number you definitely can’t take for granted. Here are some common facts about credit scores and ideas of how to give yours a turbo boost.

New Grad? Think Like a Millionaire

Submitted by Rick Kahler on Monday, December 7, 2015 - 12:00pm

If you’re a new graduate, taking your first steps into the adult world, here is the most important financial advice I can offer: Develop a millionaire mindset.

This absolutely does not mean making wealth your life goal. But thinking like a millionaire will help you build a solid financial foundation to support you in reaching your life goals.

First of all, let me define “millionaire.” A millionaire is someone with a net worth of $1 million. That amount generates an income of around $30,000 a year. In today’s world, that’s not even close to lavish-lifestyle wealth.

Cash Saving Tips for Families

Submitted by Jeff Rose on Thursday, December 3, 2015 - 12:00pm

Raising a family is expensive. Before my wife and I had our first son, I was terrified. We were decent at managing our finances, but I suddenly felt that I had holes in all my pockets. I’m sure other families feel this pinch and constantly look for ways to cut costs.

Try some of the following money-saving tips and use them to take charge of your budget.

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