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.
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.
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.
We have all heard the sage financial sound-bytes that seem so powerful and useful. But what do they really mean and how can they be used in everyday life? Decoding the true meaning of some of the tried and true financial sayings can be very helpful to your financial situation. Applying these thoughts will produce positive results.
Do you need to increase your cash flow to make your monthly budget work? Almost everyone could use a few more dollars each month. There are ways to give yourself a raise even if you don’t get one from your work.
Budgeting is certainly a lifestyle change and if your New Year’s resolution was to live by a budget, you could be experiencing burnout by now. Lifestyle changes are difficult, however there are ways to beat budget burnout and stay on track financially.
This is the time of year that many couples are taking their relationships to a more committed level. With Valentine’s Day being this week most couples probably talked about love but for long term relationships a discussion about money is critical. Following the money relationship advice below might be just as important to your relationship as expressing your love for each other.
If you want to know how you are doing financially from a big picture perspective there are only four numbers that you need to know to gauge your financial situation. These four numbers provide a snapshot of where you are today and also provide insights on how well you are doing over time.