Everyone makes hundreds of financial decisions in their lifetime and no one ever makes them all correctly. However, there are a few mistakes that everyone needs to avoid to avert financial catastrophes. These are decisions that can have long lasting consequences.
In the next couple of weeks, thousands of college students will be heading off to college for the first time. As parents, there is a wealth of information to impart to your children, but perhaps the most important are the following five financial tips.
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.
Having a financially responsible teenager starts by having money smart pre-teens. Fortunately the basic skills to teach your pre-teen that will put them on the path to being a financially responsible teenager are relatively simple to teach. Kids as young as 8 can often start learning these skills.
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.
June is National Safety month and besides all of the concerns for your personal safety, you should also consider precautions to keep your financial information safe as well. There are ways to keep your money and your identity secure and most start with being aware and informed.
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.