Everyone’s financial situation is different, so the money decision(s) you make must be based on your current financial condition as well as where you’d like to see your financial status in the future. Sure, there are many rules of thumb when it comes to investing, saving, debt payments and more, but when it comes down to it, any decision you make must be built around your actual financial situation, not what others think it should be or what you wish it was.
They happen all the time: those unanticipated expenses caused by illness… auto problems… job loss… appliance breakdowns… and the list goes on. Sure, they’re all part of life, but where’s the money supposed to come from to help pay for them? That’s where an emergency fund comes in handy.
You know the saying, “The early bird catches the worm”. Well, when it comes to saving for college, the same idea holds true, but it’s more like, “The early bird catches financial peace of mind”.
It may seem as though your child’s college years are light years away, but time goes quickly and the last thing you want is to be caught financially unprepared for your child’s education. (Okay, it might not be the last thing you want, but it’s probably close.) So how do we stop that from happening? Read on…
When you search online for “list of marriage conflicts”, there is always one particular cause of conflict that appears in the Top 5: Money.
There are a number of complex psychological reasons why money causes stress and strife within a marriage. Perhaps one spouse has a fear of not having security; there’s a lack of trust within the relationship; there’s a fear that one spouse doesn’t have respect for the other’s monetary values… and the list goes on.
Investing in the stock market can be difficult, especially with so many different types of stock choices. One way of making stock selection a bit easier (and understandable) is by breaking stocks up into three groups: company size, sector and category.
4 ways to have fun this summer without spending a dime (and a few extra trips on traveling on the cheap)
Do you remember how you would have fun as a child? Was it the sandbox… action figures… playing dress up… video games… throwing around a ball with friends? Whatever it was that gave you joy didn’t require having a wad of cash in your pocket. You made your own fun, for free. And the best part is, you still can!
For those of us trying to save money, cutting expenses can often feel like an overwhelming task. We sometimes think we need to get rid of something “big” in order to get spending down to a manageable number. The problem with that approach is that typically the “bigger” the item we lose, the larger the impact on our life. The trick is to make enough “smaller” cuts so that the changes are imperceptible – well, at least almost imperceptible.
Mutual funds… stocks… ETFs… bonds…CDs… TIPs… and that’s just the beginning of the list of potential investment vehicles. Unfortunately for many of us, when there are too many choices, confusion sets in and that leads to inaction. Not because we don’t want to take action, but because we don’t know what action to take.
You’ve probably heard it a hundred times: “Mortgage rates are so low right now you have to refinance!”. But is it true? Does refinancing make sense for you?
Everyone’s circumstances are different. Loan balances, interest rates, remaining months on the loan – they all vary depending on each individual situation. However, there is one thing that is, and always will be, the same for everyone: math. And it’s only after you “do the math” that you should make the decision whether or not to refinance.