Numerous studies have proven that children who get a basic understanding of financial concepts early in life are much less likely to have financial difficulties later in life. It may be surprising how many opportunities that parents have to teach their children about financial matters early in life.
We have heard them our whole life and some even try to live by them, but do we really know what they mean? Understand how we can put some of these financial words of wisdom into practice can be very helpful for long term financial success.
A credit score is a concept that most consumers don’t fully understand and often don’t realize it is used more than just by financial institutions. Understanding what a credit score is and how it is used can be extremely important. It is also important to understand the difference between a credit report and a credit score.
It’s easy to get discouraged when we haven’t saved the amount we would like for retirement. However, it’s more beneficial to use that energy toward fixing the issue rather than dwelling on past mistakes. There are several ways you can catch up on your retirement savings and it’s never too late to begin.
When you’re in the market to buy a car, the process can feel a bit overwhelming. With so many vehicles and financing options available, it’s important to get ahead of the game before you even start looking.
People who are in financial distress typically don’t realize there is a problem until it is too late. Like many of life’s difficult situations early detection is the best way to avoid serious consequences. Knowing the warning signs and the financial behaviors that can lead to financial concerns is the best way to keep your finances on the correct path.
The IRS is estimating that over 100 million people will receive a tax refund in 2016 out of an estimated 150 million tax returns to be filed. Chances are pretty high you will receive a tax refund so the next question is what will you do with it?
The month of March provides a few unique ways to save money and is also a good time to review a few of the prior months’ financial activities. Making the right choices can lead to big savings on your spending activities.