Articles

How Americans Meet Unexpected Expenses

Posted by on Jan 8, 2016 in Articles, Uncategorized | Comments Off on How Americans Meet Unexpected Expenses

The washing machine broke, you chipped a tooth and the dog needs to visit a heart specialist. And that was just Tuesday. Unexpected expenses are almost guaranteed to occur, but few Americans are budgeting for them by stashing money in savings each week or month, the latest Money Pulse survey from Bankrate.com has found. Bankrate commissioned Princeton Survey Research Associates International to conduct its Money Pulse survey on budgeting and unexpected expenses. It interviewed 1,000 people December 17-20, 2015, with results having a sampling...

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5 Money Rules All Single Men Should Live By

Posted by on Jan 5, 2016 in Articles, Uncategorized | Comments Off on 5 Money Rules All Single Men Should Live By

The bachelor life isn’t all fun and games. Unattached guys actually have a pretty tough time of it financially. On average, they earn just $23,221 per year, compared to $46,632 for married guys, according to U.S. Census statistics. Singles of both genders were also less likely to own a home, had fewer assets, and were more likely to have not saved anything for retirement than those who were married, a MetLife survey found. That doesn’t mean the 49 million single men in the U.S. are in a hopeless position when it comes to money, though they do...

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7 Money Decisions You Should Make in Your 20s

Posted by on Dec 31, 2015 in Articles, Uncategorized | Comments Off on 7 Money Decisions You Should Make in Your 20s

Ignorance may be bliss, but not when it comes to your finances. Being in your 20s means suddenly having to figure out a lot of stuff, like where you want to go with your career, how you’re going to pay back those student loans, and whether you’ll ever be able to afford a place of your own. It can all be pretty overwhelming, so the temptation to stick your head in the sand and not think too much about your money and where it goes is certainly understandable. But it’s also pretty stupid. The money decisions you make in your first decade of...

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9 Things to Do in the New Year to Brighten Your Financial Outlook

Posted by on Dec 29, 2015 in Articles, Uncategorized | Comments Off on 9 Things to Do in the New Year to Brighten Your Financial Outlook

The new year is a fresh start for your physical health – and your financial health. A new year is approaching, and with it comes the desire to do better. We make New Year’s resolutions for all aspects of our life, and our money should be part of that. If you’re spending too much and saving too little, or if you don’t even know where your money is going, this is a good time to give yourself a financial checkup. Even if you’re doing well financially, you should take a look at your savings, your spending and your...

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5 Credit Card Mistakes You Repeat Every Year

Posted by on Dec 22, 2015 in Articles, Uncategorized | Comments Off on 5 Credit Card Mistakes You Repeat Every Year

The approaching new year gives us all an opportunity to remedy financial mistakes — or at the very least, learn from them. But if you find yourself repeatedly visited by the ghosts of credit cards past, there’s a good chance you don’t know exactly where you’re going wrong. To help you break the cycle in 2016, here are some common mistakes consumers repeat every year. Forgetting the Basics Credit cards come equipped with a lot of bells and whistles and it can be easy to get distracted by (or overly focused on) the rewards game. But it’s good...

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3 Ways to Stop Wasting Money on Interest

Posted by on Dec 21, 2015 in Articles, Uncategorized | Comments Off on 3 Ways to Stop Wasting Money on Interest

Credit card debt costs the average U.S. household more than $2,500 in interest per month, according to a November NerdWallet study of over 2,000 adults. That’s more than 3 percent of the average household income – just for the privilege of carrying debt on a credit card. It’s enough to pay for two months’ rent in the U.S., based on average costs, according to Numbeo data. If you’ve got better things to do with your money – building an emergency fund or saving for retirement, for example – you can reduce or eliminate your credit card interest...

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10 Painless Ways to Save More for Retirement

Posted by on Dec 17, 2015 in Articles, Uncategorized | Comments Off on 10 Painless Ways to Save More for Retirement

Boost your balance. Saving for retirement doesn’t have to be a chore. A few small changes can result in a much bigger account balance, given enough time to compound. Here are some ways to save more for retirement without reducing your quality of life. Save 1 percent more. A small increase in saving can result in a big increase in your retirement nest egg if given enough time to compound. If you earn $50,000 per year, save 1 percent more ($42 per month) and earn 6 percent annual returns, you will have an extra $57,517 after 35 years....

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4 Ways to Retire by Age 55

Posted by on Dec 15, 2015 in Articles, Uncategorized | Comments Off on 4 Ways to Retire by Age 55

The retirement plans of Google Chief Financial Officer Patrick Pichette, 52, who announced in March that he wanted more time to travel with his wife, no doubt stirred the fantasies of others who would love to exit the workforce early. You don’t need Google-level money to retire by 55, but you do need a plan — and ideally, decades of smart saving and investing under your belt. Here are some pro tips for those who want to follow in Pichette’s footsteps: Live below your means One rule of thumb holds that you need to save 25 times your annual...

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What Will Cost You More in 2016?

Posted by on Dec 10, 2015 in Articles, Uncategorized | Comments Off on What Will Cost You More in 2016?

The new year could mean new (and higher) prices for everything from rent to cars. Planning to buy a new car or kitchen appliance in 2016? Be prepared to open your wallet a little wider, as these are just two of the items that are expected to cost more next year. However, it’s not all bad news. The Consumer Price Index showed modest increases overall for 2015 and even decreasing prices in areas such as apparel and energy costs. Here’s a look at what could cost more in 2016. Rent. Residential and commercial property rental costs...

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7 Tips to Think Differently About Your Money

Posted by on Dec 8, 2015 in Articles, Uncategorized | Comments Off on 7 Tips to Think Differently About Your Money

One of my favorite types of articles to write is what I call “the financial feat story.” As collected in the new Forbes e-book, “Money Hacks: Forbes Stories Of Superstar Savers,” which I cowrote with reporter Lauren Gensler, these are tales of people who took on and accomplished impressive, if not seemingly impossible, financial challenges. One pair of roommates embarked on a project they titled the Buy Nothing Year. One couple minimized their housing, transportation and grocery expenses and bought little else until they were able to retire...

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