Creating a budget, building an emergency fund and paying off debt: After building this solid foundation for your financial plan, now you start investing to meet long-term goals.
If you’re a millennial, aka Generation Y born between 1980 and 2000, you hear a lot about your age group facing high unemployment and overwhelming student loan debt. The news isn’t all bad: Gen Y saves more than almost every other generation and steadily increases its financial literacy.
Money issues often cause stress and arguments in relationships. If you and your partner disagree about how to handle money, here are tips on how to adjust to each other’s financial language and come up with one you share.
Paul Sullivan had a rough early life: a threadbare home, divorced parents, a lousy school and few prospects. Today, he is a highly regarded personal finance columnist for the New York Times, has a nice salary and lives in a wealthy suburb. How did that happen? Pluck and luck, yes, but also insights from savvy onlookers.
The Federal Reserve loves to print money. Governments love to spend it. So maybe the problem isn’t that the Fed has been printing too much money – the problem is that the Fed hasn’t been printing enough money to keep up with government spending.
It’s a quintessential question: Can money buy happiness? The answer is: Yes, if it goes for the right things. Academic research shows that money buoys your happiness if you spend it on charity or other generous works and on buying experiences rather than things.
Living paycheck to paycheck causes obvious stress. Even worse, it puts you at risk for financial disaster when an unexpected expense or loss of income drives you to credit cards and mushrooming debt. Here’s how to escape this vicious merry-go-round.
You saved your entire life for the day you can retire. You brought up your children and you hope that they enjoy productive lives. Unfortunately, one of your children never seems to grow up: dropped out of school, continually got into trouble. You feel you must keep helping this kid – but can you afford to?
We all hear horror stories of credit cards’ risks, often about people who build up mountains of debt that take a lifetime to pay off. When used responsibly, though, credit cards can be some of your best friends in securing your long-term financial success. Here are a few do’s and don’ts.
Your credit report greatly influences whether you get a mortgage or other loan, take out insurance, rent a home or even secure a job. Few other numbers help or hurt your life so deeply. Here’s how to find and improve this key tool in your financial life.