Expenses Drop in Retirement (as reported by www.freemoneyfinance.com)

As one gets closer to retirement, it can be a little scary trying to figure out how to pay for all of life’s expenses without an income for the first time in your life. But do remember that there are a number of expenses that will go down dramatically, or disappear completely, in retirement. For… Read More

10 Common Financial Mistakes (as reported by Tracie Fobes on blog.credit.com)

There are many financial decisions that we as Americans make throughout our lives. Some are big, like buying a house or opening a new retirement account. Some are small, like trips to the grocery store. Often, there are financial mistakes that we make because we don’t have the right knowledge or fail to pay attention… Read More

Finance and Marriage (as reported by Michael Chamberlain on www.forbes.com)

Marriage is a defining moment in one’s life. It is also a time, though most people choose to believe otherwise, when personal finances take on even greater importance. The reason why is that two people with two separate financial situations and views are now joining together. The most important thing couples can do before they… Read More

50/20/30 Budget Rule (as reported by blog.mint.com)

Budgeting can be a difficult skill to learn for most people. As humans, we have a natural tendency to value the present over the future. And so when we begin making money, we would rather spend it than save it. A simple rule can help you begin to think differently. The 50/20/30 Rule (or 50/20/30… Read More

Thinking About Money (as reported by Claudia Hammond on www.qz.com)

This may seem obvious, but how we think about money impacts how we spend it. A classic thought experiment repeated many times over proves the theory that as human beings, we mentally separate money into different “accounts” by what we intend to use it for. And the way we do this makes it more or… Read More

SPENDING IN RETIREMENT (AS REPORTED BY ALLISON SCHRAGER ON WWW.QZ.COM)

The most common bit of personal financial advice you are likely to get throughout your working life is make sure you are saving for retirement. But Allison Schrager, writing for Quartz, suggests that that might be the easy part. We also have to plan for how we will spend the money we do save. In… Read More

BUDGETING FOR LIVING ON YOUR OWN (AS REPORTED BY BLOG.MINT.COM)

At some point in our lives, many Americans end up living on their own. Whether this is a temporary situation or a part of the plan, it is important to know how budgeting on your own can be different than budgeting for an entire household. For those in charge of all the household’s finances for… Read More