Making financial resolutions each year is an exercise almost all of us do. Unfortunately, we often make vague and hard to measure resolutions. Without specific goals, follow thru is very difficult and without actionable goals, resolutions tend to never move past the proclamation stage.
If you want to teach your kids smart money moves, using the holidays is a great place to start and it might start with you remembering what those smart moves really should be this time of year. The holidays have so many opportunities to see and practice smart money management.
As the hustle and bustle of the season starts to intensify and take our focus away from other priorities there are opportunities for us to make mistakes, especially financial mistakes, because we are really not paying attention to that part of our life.
We are coming up on one of the busiest shopping times that most people experience. Being a smart shopper is one of the most important ways to keep the holidays from becoming a financial burden. Being a smart shopper all year long is really a lot easier than most people think.
No matter what stage of life you are in right now, there are smart financial moves you can and should be making to improve your financial situation. Not making these moves doesn’t necessarily mean your financial outlook is bleak but it can make it much more difficult.
Even though there are several important financial events in your life, your retirement is the single most important financial step in your life. Preparing for this event shouldn’t start a few years before it happens.
During your lifetime you will certainly spend more than you should, not save enough or make some other poor financial decision. The little mistakes might not seem important but any money mistake can lead to bigger problems if not fixed.
September is National Preparedness month and an important component is being financially prepared for all of the life events that can come your way, expected or unexpected. It starts with understanding how different life events might impact your financial situation.