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.
Paying off debt is a team effort once you are married. If you and your partner have debt on your hands, sit down and honestly discuss how to deal with it together.
It seems that credit card fraud and major retailer breaches are just a part of our everyday life now. As these attacks continue and hit more often, the best thing you can do is to be informed on how to prevent and minimize the damage.
Every time the market swoons, as it has recently, there is a lot of handwringing, as if the natural order has disintegrated. What we are seeing is a process called “creative destruction,” and it is healthy.
The junk bond crash of the early 1990s, the tech wreck of the late 1990s, the housing bust of the last decade – all were necessary weeding out of economic structures that had outlived their usefulness.
If you recently graduated from college and landed a good job, congratulations. You may face a dilemma: Begin saving for your future or pay off student debt now?
Of course, avoid missing payments on your loans and at least meet your monthly minimums. The big question depends on whether your income exceeds your monthly expenses (including your minimum payments). How do you best put that money to work?
Today’s college grads carry unprecedented amounts of debt. How should they deal with it? Here are some strategies.
The problem sneaks up on many young borrowers. Wall Street Journal reporter Veronica Dahger, moderator of a panel of advisors, noted that a lot college grads will wake up to discover that they are burdened by an “overwhelming amount of debt.”
One of the most ticklish situations in a marriage is dealing with money – often because couples don’t talk about it, or if they do, not well. Advisors explored this fraught subject at National Financial Advisor Week.
“Being compatible romantically does not mean being compatible financially,” said Hilary Hendershott, on a panel of advisors that dug into the issue.