Adults born between 1980 and 2000, Generation Y, must use more innovation, attention and creativity to build a financial future. Here are additional ideas.
As winter fades, it’s time to seriously gear up to make your financial goals for 2015 real. They range from the simple and quick to the complex and long-term. Here’s a checklist to get you started and keep you going.
Some young adults seem stuck: Baby boomers took the best of what’s available and those nearing middle age always stand in line just ahead of millennials. If you’re a millennial, born between 1980 and 2000, you just need to change habits and work harder on your finances.
Do you and your spouse ever scream at each other over spending? You’re not alone: More than one in four American couples fight about money. Just in time for Valentine’s Day, let’s see how one couple with severe financial differences avoided divorce.
Money is just one challenge to becoming part of a couple. Probably the most common question couples ask concerns how to manage cash, specifically whether to combine all money into one joint account, keep everything separate or use some combination. The answer: There is no one best method.
We feel safe in a diminishing number of places these days, and online sure isn’t one. Identity theft and cyberattacks seem to run rampant almost every day. How can you fend off intrusions that might cost you agonizing hours – not to mention a lot of money – to correct?
Many 401(k) plans allow you to take a loan against what you saved. Such money, though, comes with catches. Overall, tapping your tax-advantaged retirement savings is a bad idea because it saps your retirement kitty.
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.