Thank you to everyone that joined America Saves in 2013. Not a member? Join today! Want tips, advice, and motivation delivered straight to your phone to help you save in 2014? Sign up for our texting program! In the spirit of the New Year, we’ve pored over every blog from the past year and here are 10 of our favorite posts about credit, debt, retirement and everything in between!
Yesterday, the Consumer Federation of America and the Certified Financial Planner Board of Standards released new research that shows that close to nine in ten American households
The study identified four distinct financial planning profiles that include all American households…
Unfortunately, too many consumers have found out the hard way that paying off high interest debt can be a daunting task. Sometimes the sheer amount of debt along with the interest can be overwhelming. Since consumers in debt typically got that way through a series of bad decisions and poor financial management, it is not always easy to make the choices and take the actions to get out of debt.
I've had the pleasure of helping people navigate through their transitions in life for more than 16 years. My passion for what I do started at my job in HR. I watched people come in everyday who wanted to retire, but could not, due to how they managed their personal finances. Debt was almost always at the center of the problem. This inspired me to become an advisor to help educate people about their finances. As I got older, I took on debt like everyone else, but convinced myself that our family’s income made the debt more than manageable.
Then the bottom fell out. The recession came, both of our incomes dropped dramatically. We were blessed in the mist of this with a new baby. I realized from this experience that the greatest lesson I could possible teach others came through my own experience. I learned to re-define debt…
Wow … what a loaded question! We always hear how crucial it is to get rid of toxic debt, especially credit cards with double digit interest rates. Therefore, people generally assume that paying off debt rather than investing for retirement is the correct answer. In my opinion, this is not really an either/or proposition. The best approach? Do both!
This blog post starts with a broad disclaimer: I am not, and never will be, a financial planner. Don’t get me wrong, I firmly believe that financial planners play a crucial role in guiding clients to a more prosperous future. And, I truly respect, and often follow, the advice of my own personal financial planner.
But this blog post is not about how much money you need to retire comfortably. Surely that information is important, but plenty of other blogs go there. Instead, I want to know how to live a more rewarding retirement, not just how to pay my bills.
Let’s say you are a young person, ages 18-34, and are having to consider and provide for all of your financial needs, possibly for the first time in your life, and contributing to a retirement savings plan seems too far off to even think about. But you know it is important…what should you do?
According to a report by the College Board, the non-profit organization that administers the SAT college entrance exam, over the last decade, in-state tuition and fees increased at an annual rate of 5.6 percent beyond general inflation, a more rapid rate of growth than in either of the two preceding decades.
Having a financial plan in place and knowledge about resources and savings options can help make a college education more attainable.
A lot of us are trying to reach that day when we finally feel financially prosperous. We work hard and do our best to make good decisions, but that prosperity still feels far away, almost as though it will always be just out of reach. Believe it or not, if you feel this way you are not alone - not by a long shot!
Fortunately, there is definitely hope because you can educate yourself on some straightforward techniques that can help to ensure you do reach that future you want. Use the three powerful principles below to become financially prosperous…
Now that we’re halfway through the year, it’s a great time to do a quick financial checkup! Taking some time to review your financial progress from the first half of the year can help you organize and prepare for the remaining months.
More and more, people are realizing that credit scores can make a big difference in their financial lives. They can affect everything from rental applications to mortgage applications to employment applications (in some cases). So what to do if your score is not as high as you would like? There are a variety of things that could be impacting the health of your score, but if you’re looking for a noticeable fix, these five tips can help.