Home-ownership is lower than it has been in the last 20 years. That’s a big deal for a country that bases a large part of its economic success on the housing market. It means that more and more Americans must resort to renting instead of owning. And that’s having negative consequences that are finally getting the… Read More
23 THINGS YOU WISH YOU DID WITH YOUR MONEY BEFORE TURNING 30 (VIA GENE GIANNOTTA OF BUSINESSPUNDIT.COM)
There seems to be a growing emphasis on the age of 30. Today’s youth is fixated on that number; the age at which true adulthood seemingly begins. For many, the start of a person’s fourth decade on the planet is marked by several key milestones. You might be in possession of a car, or a home. One… Read More
FREE FINANCIAL COACHES GIVE THE WORKING POOR A SECOND CHANCE (VIA MANDI WOODRUFF OF YAHOO FINANCE)
In a mostly volatile, and occasionally harsh economy, stringent financial planning no longer is befitting of the “ideal” label. Necessity is the name of the game, and if you are not on top of your cash flow (weekly, monthly, or annually), the consequences can be brutal. Unfortunately, such is the case for many citizens out… Read More
THE BENEFITS OF PAYING YOURSELF FIRST (VIA HOLLY JOHNSON OF GETRICHSLOWLY.ORG)
You are fresh out of school. Maybe you have been working for a few years. That entry-mid level salary may or may not be your financial ceiling at this time. Regardless, it provides you with a steady flow of income; one that brings with it peace of mind. Just be sure to pocket some of that… Read More
ANOTHER HOUSING CRISIS LOOMS AS MILLENNIALS STRUGGLE TO FIND HOMES THEY CAN AFFORD (VIA MECHELE DICKERSON OF THECONVERSATION.COM)
Home-ownership has always been an ideal in this country. Historically, it has never been universally “easy” to attain, no matter the family size or location. However, it has become quite clear that it is a goal most of us take for granted. How can that be? “Taken for granted” might be an overstatement, but at the… Read More
NEW GRADS SHOULD DO THESE FIVE MONEY THINGS RIGHT NOW (VIA ALLAN EBERHART OF BLOOMBERG BUSINESS)
One of the most stable investments any individual can make is in their education. A four year bachelor’s (and a post secondary degree if one pleases) can have a profound effect on one’s earning potential moving forward. There are some of you out there that are currently in the midst of your career search. Then,… Read More
THE RIGHT WAY TO HANDLE INHERITANCE (VIA KIRA BRECHT OF DAILYFINANCE.COM)
Sudden riches can have an interesting effect on people. For many, their basic instinct is to spend their newly acquired wealth on products and services for personal amusement. And while that might not be completely unreasonable, overlooking the process of financial planning, even with inheritance, is. Many of you might be thinking “how often does… Read More
SEPARATE OR SHARED BANK ACCOUNTS: WHAT’S BETTER? (VIA CATHERINE ALFORD OF PERSONALCAPITAL.COM)
Early on in relationships, both parties tend to share particular hobbies and interests with each other. That is how we build chemistry. It is a system that has (for the most part) worked for a while now. Successful relationships tend to include a nice blend of similarities and differences. Eventually, however, cohesion becomes the name… Read More
MILLENNIALS SURPASS GEN XERS AS THE LARGEST GENERATION IN U.S. LABOR FORCE (AS REPORTED BY RICHARD FRY OF PEW RESEARCH CENTER)
As American industry modernizes, so do its components. In addition to ever-evolving technology, a clear and present trend has become somewhat hard to ignore. The U.S. workforce is getting younger and younger. Nowhere is that more apparent than in Pew Research Center’s analysis of recent United State Census Bureau data. In the accompanying report, the… Read More
MOST TWENTY-SOMETHINGS ARE ACTUALLY SAVING FOR RETIREMENT (AS REPORTED BY KATIE LOBOSCO OF MONEY.CNN.COM)
For many young professionals, the prospect of retirement is a mere afterthought. Following the conclusion of one’s higher education, their immediate concerns seem to be tied mostly to securing employment and properly achieving balance in their own personal budget. At least, that is what the old convention appeared to be. Now it would seem as though planning… Read More