Most recent American college grads never had a personal finance class yet will soon know the dizzying, dangerous euphoria of a regular paycheck. You still have time to give a grad a priceless gift: tools, tips and words of money wisdom on investing, debt and building real wealth.
Savings Accounts and CDs
Your financial plan needs to keep pace with larger socioeconomic trends. Here are smart ways to manage the five trends that we think are important to you over the next five years.
Saving money often comes down to not overspending, and not overspending often comes down to keeping good records and knowing exactly where your money goes. That’s where nothing beats simple sorting and the will to stick to a spending regimen.
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.
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.