Submitted by Cherice Chen on Tue, 08/26/2014 - 3:00pm
What’s on your dream list? A yacht? A Lamborghini? Or a house in a summer resort? Well into your career and financially secure with extra money to spend, you now look for a treat, a reward for all the hard work of your youth. Advisors, however, have some important caveats for you when you plan to make such luxury purchases.
Submitted by David Marotta a... on Tue, 08/26/2014 - 9:00am
Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.
The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.
Submitted by Liz Niehaus on Wed, 08/13/2014 - 3:00pm
Early summer’s cap and gown now hang in the closet and you just hope your suddenly grown child is ready for real-world financial challenges, from debt to saving for a remote retirement. Now more than ever, you can teach your kid many key money lessons.
Submitted by Mary Beth Storjohann on Mon, 08/11/2014 - 3:00pm
Everyone goes through transitions in life, ready or not. Moving, switching jobs, getting married, having children – each one creates additional financial challenges. Some of life’s changes are foreseeable, while others catch us unprepared. Taking the necessary precautions is key to ensuring your financial stability amid these shifts.
Submitted by H. Jude Boudreaux on Mon, 08/04/2014 - 3:00pm
For all these years I work with families, I notice one characteristic they have in common. When facing financial choices, they too often become paralyzed out of leeriness they will make the wrong ones. The answer is to get a good handle on their financial picture, so they can act.
Don’t get me wrong. They’re incredibly bright, they are achievers for most of their lives, and they have the financial success that they always expected. But these qualities work together to create a storm of fear that prevents them from making decisions and taking steps forward.
Submitted by Mary Beth Storjohann on Wed, 07/30/2014 - 12:00pm
Often in personal finance, you focus on the things you should start doing, without giving consideration to those you need to stop doing. The bad habits you aren’t aware of could get you into financial troubles or off course from your goals. So read on for four bad money habits you should lose.
1. Throwing down your credit card for every purchase. You have every intention to pay off the balance at the end of the month, and you rack up reward points. This is great in theory, but where people get into trouble is using the credit card without tracking.
Submitted by Joseph A. Clark on Wed, 07/23/2014 - 9:00am
With wages stagnant for the past decade and the cost of necessities rising, many folks’ ability to meet living expenses continues to shrink, let alone their capacity to spend for fun stuff. And that’s not good news for the U.S. economy. When it comes to increasing consumer spending to lift the economy, our only hope lies with the baby boomers, who have the most discretionary income to spend.
Submitted by Jeff Rose on Tue, 07/22/2014 - 3:00pm
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.
Submitted by Mary Beth Storjohann on Thu, 07/17/2014 - 12:00pm
This year is more than half gone. Amid your summer vacation and plans for fun in the sun, find time now for your mid-year financial checkup.
Like many, you probably picked a financial goal for this year, such as pay off debt or generally get your financial house in order. Now reevaluate your intentions and take a good look at where you stand. Start reviewing the following:
Spending plan. Cash flow management is key to a successful financial future and knowing where your money goes a must in creating a plan.