New investors are confronted with a lot of different tips and theories and strategies for choosing the right investments. One oft-heard suggestion is to invest in dividend paying stocks, stocks of publicly traded companies that return some of their profits to shareholders in the form of dividends. And the reasoning behind this strategy is deeper… Read More
Nothing Saved for Retirement (as reported by Nancy Hellmick on www.usatoday.com)
Bankrate.com, a personal finance website, recently surveyed over one thousand adults across a variety of ages and found some disturbing information. Over a third of them, fully 36%, had nothing saved for retirement. That’s bad enough, but when you break it down into the different age groups, it gets worse. 14% of people 65 and… Read More
Setting a Budget (as reported by Dylan Matthews on www.vox.com)
Setting a budget can be a great way to get a handle on your finances. It helps you determine what you want to spend your money on, and helps you cut costs by identifying how much money you can afford to spend in all areas of your life. But how do you set an effective… Read More
College Money Mistakes (as reported by Emily Guy Birken on www.moneyning.com)
Going away to college is hard enough for a lot of kids. It’s your first time away from your parents and you have to fend for yourself. All of the sudden, the world also now expects you to know how to handle your own finances. Fair or not, there are a number of financial threats… Read More
How to Retire Early (as reported by Robert Powell on www.usatoday.com)
Want to retire early? A recent article published by USA Today may have the secrets that can help you get there. But the secret isn’t really a secret. First, you need to calculate exactly how much money you will need in retirement, factoring in the added time you will have when you do retire early. Then,… Read More
Health and Student Debt (as reported by Natalie Kitroeff on www.businessweek.com)
It is well understood that student debt is not great for your finances, but a new study of college graduates who left school in debt uncovered that student debt affects other aspects of your life as well. People reported worse health and higher levels of stress long after they graduated. The study, which covered more… Read More
Debit Card for Kids (as reported by www.springwise.com)
A new product out of the UK is making news in the financial world. It’s called Osper, and it’s a prepaid debit card meant to teach kids how to manage money. Aimed at parents with young children, the card connects to an app on your phone and allows kids to spend money on a budget…. Read More
35% of Americans in Collections (as reported by Josh Boak on finance.yahoo.com)
A scary new fact was recently reported, more than a third of all Americans have debt in collections. And the number does not appear to be dropping, even as more and more proof stacks up that the economy is ramping back up toward full recovery. About 35 percent of people have had their debts turned over… Read More
How do Millennials Choose to Spend Their Money? (As reported by Jacob Davidson at time.com)
Millennials, loosely defined as those born within the years of 1980 to 2000, are soon to be the generation with more buying power than any other. But what does this mean and what do Millennials choose to spend their money on? Studies are showing that many goods and services thought essential by older generations are… Read More
Cracking the Code on Credit Card Numbers (As reported by Allan Smith at BusinessInsider.com)
You always hear that cash is king, but is that really true today? Swiping a card, whether it is credit or debit, has become one of the most common methods of payment for everyday purchases. It’s so easy to pay by card that many of us have likely never stopped to think about how the… Read More