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.
Whether it’s having hundreds of dollars in fees to pay or having thousands of dollars in credit card debt the strategies you use to deal with any type of financial crisis does make a difference to your long term financial well-being.
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.
Today’s household might not be multigenerational under one roof but most people in their 40’s and 50’ do have to think about supporting their multigenerational family. If you are part of this so called sandwich generation, there are a few strategies for you to manage this family dynamic.
Finding extra money is good any time whether it’s one dollar or one thousand dollars. What is surprising is that many of don’t think of all the places we can find a little extra cash. Finding this cash can be little effort but for bigger windfalls, a little more effort might be required.
Summer is most often cited by kids as the best time of the year mostly because there is more fun than learning. For parents, summer fun can also be a great financial teaching moment for your kids.
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.
Paying for college: 529s and more
The rising cost of college and the mountain of student loan debt facing many college graduates have many parents concerned. Fortunately, there are ways to help your children leave school with less debt whether you are starting early or only have 12 weeks to go.