Saving enough money for retirement can be confusing and intimidating, which can prevent people from thinking about it altogether. This lack of planning is just one threat to your future’s financial security. Whether you’ve been planning for years or you’re just starting out, here are seven threats to your retirement to keep in mind.
For most everyone, following the basic money rules is the path to success. However, just like all rules, there are exceptions. Knowing when to break a money rule can be the key to long term financial success.
It’s July, half the year has already passed and if you haven’t achieved all of your financial goals, don’t worry. There is plenty of time to straighten out your problems and get back on track with your financial goals with a few simple strategies.
Disputes about money continues to be cited as the number one reason that couples in committed relationships have troubles. Often times these problems could have been avoided if the couples actually talked about money. Only a few subjects really need to be broached by couples to have an effective long term relationship as it relates to money issues.
For anyone who wants to improve their financial situation, the first step is usually tracking their spending to see where their money is going. The second and much harder step, deciding where their money should be going which usually means a drastic change in financial habits.
Parents of high school seniors will soon be facing the reality of paying for college and for some this could be a scary prospect. Most parents want to help their kids avoid massive student loan debt upon graduation and even if you are not fully prepared to pay for college there are still ways to help your child even at this late date.
It never hurts to have a few goals in mind as you approach various age milestones. For example, before you’re 30, you should be maximizing employer benefits like a 401(k) plan. But what are the financial goals you should think about before you reach 40? Here are a few areas you may want to consider.
With summer just over a month away, many people are starting to make summer plans and incur expenses related to summer activities. Before you start on your summer plans, make sure you are prepared to control your spending. Summer can be a difficult time staying true to your budget.