Even after the great recession, the saving rate of Americans hasn’t really returned to the levels of previous generations. Starting a savings habit isn’t easy. It takes time and a desire to make it successful. Fortunately there are a few ways you can increase your chances of building a successful savings habit and become a lifetime saver.
As Americans, we live in a society that tempts us to live in the moment, spend money on items we don’t need, and not focus too much on the long-term value of our purchases. What we’re not buying for ourselves is a security cushion.
Instead of hoping for the future you want, start planning for it! Advance planning can help you meet your goals and give you the assurance that you’re on track. Whether you want the best education money can buy for your kids, a life of travel, or a comfortable retirement, planning will help get you there.
We have all heard them over and over but do we really understand the common financial tips that are often repeated? Sometimes these tips can be misleading or perhaps their true meaning is really hidden in the details behind the advice. And for a couple of the common tips, they are really the start of a much bigger effort.
For millions of Americans, they have or will soon receive a tax refund check this year. This year’s average refund check has been nearly $2,900 per return. There are several prudent choices for your tax refund and even a few fun ways to spend it if you just have to spend the refund.
With the first quarter of the year already gone it might be time to look at those resolutions that you formulated at the start of the year. If like some, many of your New Year’s resolutions have gone by the wayside. If those forgotten resolutions are financially related there is still time to get them back on track.
If you have kids, no matter the age, you’ve probably at one point at least thought about how to
pay for college someday. If you don’t already have a plan in place, or if you have a plan, but
you’d like additional suggestions, we have a couple ideas to help you get started
Saving money can be a difficult habit to start and the one habit that is amazingly very easy to stop. Fortunately, there are a few easy tricks to saving that don’t require a budget overhaul. From paying in a manner that generates rewards for you to not spending a certain type of paper currency, all are ways you can save without really changing your habits either.