Whether you are 25 or 75, there are many opportunities to make mistakes regarding your retirement from planning to living in retirement. Avoiding as many of these financial blunders as possible is the best way to achieve your retirement dreams.
The amount and type of debt a person has accumulated is directly linked to that person’s current financial wellbeing. Too much debt can be financially debilitating and not using debt can keep a person from moving forward. Fortunately, managing debt wisely isn’t difficult and it can change your financial outlook.
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 2020 is the year you plan to purchase your first home, you should consider six very important steps to take to become a smart and desirable home buyer. The market looks to continue to be competitive. Getting yourself prepared will ensure that the process is stress-free and that you get the home of your dreams because you are ready financially.
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.
If you struggle with how to teach smart financial habits to your children, start with looking at all the opportunities that the holidays can provide for financial education. Modeling good financial habits in a time that traditionally is all about forgetting smart money moves is a great way to help your children learn how to live a financially successful life as adults.
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.