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There’s a lot to think about when planning for retirement. And, of course, the earlier you get started, the better. Below are a few tips to get you on the right track.
Contribute to your employer’s retirement savings plan.
If you work for a company that offers a savings plan, such as a 401(k), contribute as much as you can. It is wise to contribute at least the full amount the company will match. Make sure to find out when you are fully vested as well.
Whether you’re in the transition stage or already in college, paying for your education is likely at the top of your priority list. That being said, free money sounds pretty appealing, right?
You’ve heard it a thousand times, “Apply for scholarships!” You know your financial future is important, but those large scholarship databases have left you feeling like a little fish in a big pond. You’re up against so many people and it seems the odds are not in your favor. What can you do to stand out?
To learn about money, there are some pretty fun tools available.
It’s never too early to start thinking about college planning. In fact, it’s a good idea to start the process as early as your freshman year in high school.
People view money very differently, and as a teen, your opinions about money are mostly shaped by your parents. Whether you see it as simply a means to buy things you want or something more, it’s important to feel comfortable and confident with your emotions toward money.
Have you ever needed to purchase gifts when you didn’t have any idea what to buy? You could spend a long day at the mall buying gifts and then realize that you forgot a few people and have to make another trip out for more shopping. Doing a little planning before you hit the stores can save you time, frustration, and money. Hopefully these tips will help.
Insurance is a way of protecting yourself from some of life's surprises. People pay a relatively small amount of money each year for insurance. If one of those little surprises pops up, a portion of the responsibility of paying for the surprise is transferred to the insurance company. This protects people from being forced to spend large sums of money to pay for large expenses, such as damage to their auto or damage to their home.
Credit cards offer convenience. You do not need to carry cash to make purchases because you can charge them and then pay for them when you receive your bill. To keep them from costing lots of money, credit cards require discipline on the part of the card holder. Card holders should always try to pay their balance in full by the due date each month in order to avoid interest payments.