By now you most likely have at least some sort of retirement account set up. Actually, if you have been around the working world for over a decade or more, chances are good you have more than one retirement account. The question will eventually arise as to whether or not you would be better off consolidating your retirement accounts.
Financial maturity is not necessarily a function of age. I’m sure we all know someone who is financially challenged despite his/her advanced chronological age. You know it’s true … otherwise scammers wouldn’t bother to target senior citizens.
When a small business is starting out, one of the last things on the mind of the owner is managing and auditing all available product. A small business’ inventory...
Talk to your bank and lenders about services they offer to keep you safe. Overdraft protection, for example, is a basic service that often costs nothing or very little extra that protects you in case you withdraw too much money from your bank account. With overdraft protection, you do not get a “ding” on your credit report or a charge for insufficient funds. In most cases, you get a day or two to add more money to the account to cover the gap. Some credit cards and other loans offer a similar service or offer insurance, which protects you in case you lose your job and are unable to pay for a few months.
Staying on budget can be quite a challenge if you’ve never had to watch what you spend before. Even after a specific budget has been decided on, there are many factors that can derail our efforts when it comes to saving up money and paying off our debts.
The question of the day is all about using online investment services. In other words; Should You or Shouldn’t You? Naturally, as you might well expect with this sort of question, there is no one size fits all answer here. You see, for some people, using an online investment service is a no-brainer, whereas for other people not so much. As you will see here, whatever route you choose, it is all about your personal preference (along with the amount of your investable assets of course).
While you are repairing your credit, you will want to channel as much money as you can into savings and debt repayment. For this, having a second income or even just a few hundred dollars a month more can mean that you get your credit into shape faster.
We generally avoid talking about money with our loved ones, because we all know that financial discussions have separated many people over the centuries. Even though talk about inheritance, social security and insurance policies sounds distasteful, it is extremely important that we discuss these things openly with those we care for to plan for the future.
Now that we are well into a brand new year, now that the festivities, the New Year’s Resolutions and all that sort of thing is over and done with, the next up and coming event (as far as your personal finances are concerned) is settling up with your favorite uncle. Your Uncle Sam that is. As you know, squaring up with your friends at the Internal Revenue Service (IRS) is something you want to take care of. Taking care of means is all about preparing and sending in your tax return in a timely fashion.