After last Christmas, millions of people – including maybe you – returned gifts you didn’t want and either exchanged or just pocketed a refund. The process only increased the pressure that exhausts everyone, especially parents: Rush and spend to the limit of your credit, often to help your kids. Your kids are watching, though, and for their own good you must teach realities about money.
The recent Christmas season provides occasion to reflect on Keynesian economics, given this: believing in that theory is a lot like believing in Santa Claus.
Ebenezer Scrooge, the infamous miser of yuletide lore, can teach us a lot about money – specifically how to change our views on how we deal with it.
Personal finance scares a lot of people. But money can be about joy, doing what you love in your young adulthood and living the life of your dreams. It’s time to see how to use your money to build security and confidence.
We all flip between believing that America leads the world at everything to thinking our nation lags behind foreign powerhouses in every way. Regarding financial literacy, we’re solid in the top five – but far from best.
We get all kinds of advice about money from the people around us. Even though they may be our very trusted sources – like our mothers, those suggestions are not always good. Here are five commonly shared tips you should not follow.
Japan’s attempts to pull itself out of its longstanding economic torpor, via heavy government spending and central bank bond buying, is sputtering. Small wonder. This tonic hasn’t worked elsewhere, including in the U.S. Why should it work in Japan?
We’re not perfect. We’re all guilty of one financial mistake or two, whether it happened yesterday or years ago. How do you shake off these money blunders and bounce back? With some honesty, reflection, preparation and a touch of class.
I made my fair share of mistakes in life, and although financially conscious, I had missteps on the money front, too. I still remember those feelings of anxiety and disappointment when I realized I messed up.
Dwelling on past failure doesn’t help you. Follow these steps I learned from my experience to come out from a bad financial error:
Organization, efficiency and discipline are the three primary steps of financial planning. Organization is knowing where your money comes and goes. An efficient portfolio means a better chance of profits, and discipline keeps you on the right track.
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.