Managing your money is hard and the current times make it more so. The fact is, though, it’s never been more important to get a handle on your personal finances than in today’s economy. Regardless of whether you’re a wage earner or one of the growing number of self-employed individuals, knowing where you stand financially [...]
One of the most important life lessons that we can all learn is to seriously listen to and consider the advice from those who have more experience than we do. When it comes to the end of our life, most of us are going to have some regrets. A nurse, Bronnie Ware, who spent years [...]
Whenever I read or post an article that suggests that someone cut down spending on their kids, I’m always amused (and amazed) by the outraged comments. If you dare to suggest to someone that is struggling that they cut down on the sports or extra curricular activities, take the kids out of private school, cancel [...]
If you’ve ever read the book by John Grisham or seen the movie, “The Firm,” then you are familiar with the tale of corporate and personal greed that leads one man to almost lose his life and all of the things he values. In the movie/book, Mitchell McDeree takes a job at a law firm [...]
Retirement can be a scary thing. You wouldn’t think so, since so many people look forward to the day when they can stop working and take it easy. However, the financial and emotional adjustments can cause problems if you aren’t prepared for them. Most of us just blindly save money toward retirement thinking that the [...]
A friend of mine (who has been unemployed for over a year) was recently offered a job in her field with a good company. She didn’t take it. I was floored that someone who has been out of work for over a year would not snap up a job like this. “I didn’t like the [...]
One of the hardest things for many people to see in relation to their finances is how their actions today are robbing them of future wealth. It’s easy to focus on today and think that if you can make the payments on that living room set that it’s okay. It’s easy to think that borrowing [...]
You’ve probably seen retirement calculators scattered all over the Internet. Almost every bank and brokerage firm has their own. You can also find them at sites like CNN Money or MSN Money. With so many available, you’d think that everyone would know their “number” that they’ll need to retire. The thing is, even with this [...]
SavingAdvice is starting a new column that’s going to look at strange, offbeat ways to save and make money. Anything that’s a little odd, uncommon, or contrarian is fair game – as long as it’s legal. You probably already know about Roth IRA’s. These are IRA’s that you fund with after tax dollars and then, [...]
If you follow financial news, you see the statistics all the time. The average 401(k) balance is $10,000. Or less, depending on the report. Seventy percent of Boomers haven’t saved nearly enough for retirement. Only fifteen percent of people eligible to participate in an employers’ retirement plan do so. Even less participate to the full [...]
