Any good financial planner will generally tell you to set aside at least three to six months’ living expenses for a rainy day. If you ever need this money, you’ll need it fast, but isn’t there somewhere better to keep it than your mattress? Here are a couple of options.
Savings Accounts and CDs
Come into a large sum of money? Investing it can seem intimidating. There are countless choices and lots of jargons. Fear not. This article helps you learn about a number of options and tools. So grab your money and invest with confidence.
Many parents fill kids’ summer downtime with outdoor activities and trips; of course there’s always that mandatory school reading list for the long break. Ever think of filling those looming hot afternoons with a tip or two about finances? Teaching kids about money is a great way to keep young minds sharp – and prepared for tomorrow’s responsibilities.
How long does it take to double your money? You likely can have twice as much wealth in 10 years if you invest it in stocks, or 72 years if it goes into a savings account. It pays to understand the math.
If you lose your job tomorrow, do you have enough money to pay your rent next month? Bad things can happen. Start an emergency fund in three simple steps to cushion you in times of trouble.
Winter is a good time to improve your financial life, making good moves for the rest of the year. Here is a trio of things to get done.
Money market funds are a zombie investment. So why does anyone invest in these funds – one of the most important tools for savers over the past several decades, and now essentially among the walking dead? Because, despite their tiny interest payments and many other disadvantages, money funds seem relatively safe.
When your kids near college age, you need to do everything you can to prepare them for financial adulthood. Many parents neglect this duty and hope that, like an infant thrown into a pool, their teenager learns to swim in deep financial waters with no instruction.
The easiest way to ensure your financial success is automate your finances. Simple to say, not so simple to do. Here’s how to start.
Automating finances means setting up computerized systems to take deposits, payments, investments and other transactions out of your hands – or at least out of your day-to-day thoughts.