As part of its financial-regulation overhaul, the Obama Administration is encouraging more responsible use of credit cards, savings and even mortgages. Using tactics ranging from a light nudge to a hard shove, officials are turning theories about behavioral economics into practice to reshape how Americans make personal-finance decisions. The financial regulation plan unveiled by the [...]
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The unemployment rate continues to rise month after month. If you are currently working, count yourself lucky, but keep in mind that tomorrow you may be faced with the real possibility of job loss. There are things you can do now to help you meet your financial obligations in the event of unforeseeable circumstances. Income Protection Insurance [...]
As you get closer and closer to retirement, you will naturally become more concerned with the amount of money you have in your retirement savings. With every downturn of the economy, your nest egg grows smaller. But, there are several ways you can survive on less money during your golden years. First, find ways to [...]
What are your financial aspirations? Would you like to pay off some high-interest debt? Step up your retirement savings? Set aside enough for an exciting vacation? Taking these wise steps can turn your financial dreams into realistic goals. Create a budget It will be difficult to lower your debt or save for your future if [...]
You’re in debt! How did that happen? Who cares! Too often, we spend so much time focusing on the how and become paralyzed about improving the situation and starting the process of getting out of debt. Yes, in a global sense, it may matter how we got in debt so we can learn something from [...]
If you’re one of the many people who set goals and made financial resolutions for 2007, it’s time for a reality check. With half of the year gone, where do you stand? A mid-year financial review will provide you with the insight you need. Here’s what to consider. Get a grip on your goals Whether [...]
At this time of year, many recent graduates are leaving collegiate life behind and embarking on their first “real” career. It is an exciting time, but it’s also a time of new financial responsibilities. There are several money-wise steps to make sure recent grads start off on sound financial footing. Set up a savings plan [...]
In our society, it is very easy to get caught up in all the glamor of the rich and famous. You know, all the fancies in life. Isn’t everybody supposed to be gorgeous, drive fancy cars, dine at the most expensive restaurants and have beach front property to come home to everyday? We have this [...]
What would happen if your paycheck suddenly stopped because you were ill or injured and couldn’t work? Could you still pay your mortgage or rent and monthly bills? You could if you had long-term disability insurance. Disability insurance provides monthly income when you’re disabled and unable to work. Without coverage, a disability can deplete your savings [...]
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We tend to assume that if we work hard and save money then one day we will end up wealthy. This is wishful thinking. We are more likely to end up with some modest but useful savings. If you want to accumulate serious wealth then there a number of approaches you can use and some [...]
