You first goal in building wealth should always be to earn more than you spend. In order to do that, most people look to cut expenses. It’s natural to first look at your bigger costs, but don’t ignore those smaller and more frequent expenses. The Rule of 752 can help you pay closer attention to… Read More
Every Job In America (as reported by Quoctrung Bui at NPR’s Planet Money Blog)
Economists estimate that there are approximately 137 million jobs in the United States. How are they distributed? It’s clear that over the past decades America has moved from a focus on goods production to a largely service industry. Planet Money has charted this detail from U.S. government’s monthly jobs report to illustrate the size (in… Read More
Personal Finance Review for Millenials (as reported by Sara Roncera-Menendez on mashable.com)
Personal finance education being what it is, many young Americans leave college to join the workforce and live out on their own without a basic understanding of their own finances. And more than that, they don’t know where to turn for knowledge or advice. Sara Roncera-Menendez has put together for Mashable a fundamental introduction to… Read More
How to Avoid Phishing Scams (as reported by Trent Hamm on thesimpledollar.com)
One of the fastest ways to get into financial trouble in this modern age is to fall victim to a scam. Commonly referred to as phishing, email and other online financial scams continue to affect people all around the world. But learning how to recognize and avoid such scams can be simple, if we just… Read More
More ideas for financial resolutions in 2014! (as reported by the Wall Street Journal)
It is time to celebrate the passing of 2013 and to usher in 2014, bringing with it many New Year’s resolutions. This year, why not make a realistic and achievable commitment to improving your personal financial knowledge and well being? There are a number of simple steps which can make a drastic improvement in your… Read More
Improve Your Finances in 2014 (as reported by Kimberly Palmer on finance.yahoo.com)
Make one of your New Year’s Resolutions this year to make 2014 your best financial year ever. And to help you accomplish that, Kimberly Palmer has put together this article listing 25 ways to improve your finances in the New Year. It starts by having the right attitude about money and setting your financial roadmap… Read More
When to Buy Insurance (as reported by Kevin on 20smoney.com)
The best laid plans don’t guarantee financial success. That’s because life is unpredictable. But you can be prepared for the unexpected if you buy the right kind of insurance. Everyone should look into the following types of insurance, depending on where they are in life: Life Insurance, Travel Insurance, Renters Insurance, Health Insurance, Car Insurance,… Read More
The Rise in Workplace Loans (as reported by Andrew Johnson on finance.yahoo.com)
Over the last couple of years, while the big banks are tightening up their standards, a new type of loan has gained popularity. These loans are commonly referred to as workplace loans, and they allow employees to borrow up to $500, with most choosing to pay it back directly from their paycheck. The workplace loan… Read More
Emergency Funds (as reported by Miranda Marquit on moolanomy.com)
Emergency funds are exactly what they sound like, money that you have saved in case of an emergency. Such an emergency might present itself in the form of a job loss or an illness, but no matter what happens your emergency fund is what you’ll rely on when there is no more money coming in…. Read More
Retirement Calculation Question Marks (as reported by Mandi Woodruff on finance.yahoo.com)
A recent study by Morningstar Investment Research suggests that many Americans may be targeting a number that is too high when planning for retirement. That’s because some of the common assumptions that retirement calculators use don’t necessarily match the reality of retirement. For example, when calculating how much money someone needs to retire, financial planners… Read More