Earning more and being frugal are often cited as the keys to financial success. Increasing your salary and cutting expenses though are only part of the picture. Your net worth is the true gauge of our financial success and building net worth needs to start very early in your financial life.
Making poor financial choices is something that most everyone will make in their lifetime however, a few financial decision you might regret forever. There are a few financial mistakes that should be avoided because there is no easy way to remedy the situation if you make these mistakes.
The summer months are a pivotal time for making smart financial decisions. There are unfortunately several opportunities to make poor choices that can leave you scrambling for the rest of the year. The key is recognizing how easily your budget can get off track.
An astonishing 64% of Americans indicate that money is a significant sources of stress in their life. Finding ways to effectively handle financial stress is important because it can lead to health issues and other personal problems.
June is a busy month with several opportunities to spend money like graduations, weddings and entertainment. The key to having a strong financial month is finding ways to save on those expenses.
Next week is national money smart week, a national effort to help raise financial literacy across the country. Research has proven that people are more financially secure when they develop a strong foundation of financial skills. Being money smart starts with foundational principles and builds upon this basic knowledge. No matter one’s stage in life, there is the opportunity to develop your financial IQ.
With Valentine’s Day just around the corner it might be a good time to talk about love and money. What do they have in common? Both are important to having a healthy and long lasting relationship.
Following a budget can be restrictive, tiresome and grows old really fast. Unfortunately, budgeting is the best way to stay in control of your money, live within your means and have less financial stress in our lives. Don’t worry, there are ways to avoid budget burnout especially if you recognize the causes of being overwhelmed by your budget.