Picking the right financial adviser might be the best financial decision that you make in your lifetime. The right adviser can help guide your investment and purchasing decisions so that you can put yourself on the right track. But not all financial advisers are made equal. In his advice column, Vincent King addresses nine characteristics… Read More
Should I budget for that big ticket item? (as reported by MoneyTalksNews on Mint.com)
It may seem a bit counterintuitive, but based on some recent studies it appears that budgeting for high ticket items may actually lead you to pay more for them in the end! The findings suggest that people who have a dollar amount that they’re willing to pay in mind before they start shopping ignore price… Read More
How the Wealthy Live (as reported by Farnoosh Torabi of Finance.Yahoo.Com)
Being wealthy isn’t only about what you do with money–there are a number of things that wealthy people do more often than those who are not. And if we can try to emulate those habits and actions, we might put ourselves on the right track financially. It starts with making the best use of your… Read More
Pass on Financial Responsibility (as reported by Alex Veiga on Newsday.Com)
To help ensure that your kids will grow up to become more financially savvy, it is a good idea to start teaching them about financial responsibility early. Parents can teach their kids about the value of working for money and saving. Get them to think about purchases and prepare them for the tough financial decisions… Read More
Tips for Paying Off Debt (Guest post by David Ning of MoneyNing.com)
Debt is a four letter word, but you certainly don’t have to cringe every time you hear about it! Far too many think being in debt is just the way of life these days, but that’s simply not true. By spending some time employing simple strategies to pare down that financial burden, people actually end… Read More
In Finance, Lead by Example (As Reported by Jennifer Calonia on USNews.com)
One of the surest ways to develop a financially savvy young adult is for parents to reinforce sound personal finance decisions at home. And while not all parents will see eye to eye on good financial habits, being open about money management can have a huge impact on kids’ future financial literacy. By talking openly… Read More
Plan for Unexpected Medical Costs (As Reported by Gerri Detweiler on Finance.Yahoo.Com)
Even the most prepared and financially savvy of us can be caught off guard because of medical emergencies. Costs can be high and paying bills can be difficult. It is important that you plan for the unexpected so that these events don’t ruin an otherwise strong financial strategy. There are steps that you can take… Read More
Financial Advice for Your Twenties (As Reported by Dan Caplinger on DailyFinance.Com)
For young people heading out into the real world for the first time, managing your money can be one of the more difficult tasks. Though it may be complex, understanding your finances is crucial when you’re just starting out. It is at this time in your life that you need to start planning, budgeting, paying… Read More
Consumer Spending Drops in April (As Reported by Shobhana Chandra via Bloomberg.Com)
The latest consumer spending numbers show that people in the US have slowed their spending in the wake of higher payroll taxes and broad cuts to government programs. Pundits might attribute the drop in consumer spending, the first such drop in more than a year, to hesitance and uncertainty in the broader economy. However, consumer… Read More
New Strategies for Insurers Seeking to Cut Costs (as reported by Caroline Humer via finance.yahoo.com)
In attempts to cut costs while still providing adequate health care, many public and private insurance companies have begun offering more wellness and prevention initiatives. One of the most significant plans is the Accountable Care Organizations, which compensate medical providers who reach certain quotas. Government agencies and various insurance companies are optimistic about these new… Read More