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.
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.
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.)
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.
Like maintaining your physical health, finances fitness takes consistent effort and discipline.
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.
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.
Smart consumers always try to stretch dollars. Follow these tips to help you save money, spend less and improve your finances.
We all lose money unnecessarily. Do you know when and how? Here are hints and pointers to avoid wasting cash.
People budgeting for retirement are in for a shock. What they will need is often more than they think. Higher-than-expected inflation and psychological barriers to cutting spending are the main culprits.