Articles

6 Money Hacks to Make Life Easier

Posted by on Mar 18, 2016 in Articles, Uncategorized | Comments Off on 6 Money Hacks to Make Life Easier

Every now and then we might discover a great tip that makes life so much easier. Whether you’re perusing Pinterest, Reddit, Instagram or magazines, there are shortcuts you can take when it comes to spending and saving. Here are 6 shortcuts to make dealing with money a little easier. Buy in bulk. Sasha Mitchell-Fuller, a current producer at “The Dr. Oz Show,” formerly of “The Tyra Banks Show,” loves to stay current on fashion while putting together segments for TV, and believes you can have an up-to-date wardrobe with...

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5 Life Events Everyone Should Financially Plan For

Posted by on Mar 15, 2016 in Articles, Uncategorized | Comments Off on 5 Life Events Everyone Should Financially Plan For

You can make your own plans, but life might change them. Whether you are getting ready for college, just starting out with your first real job, or you have worked for years, there are certain life events that you should plan for. It’s important to plan your finances and make specific goals about where you want to go in life, both career-wise and financially. However, even if you do make these goals, sometimes life will get in the way. There are many regular monthly expenses that you need to budget for, but you should also take into...

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4 Mistakes That People Make When Budgeting Money

Posted by on Mar 10, 2016 in Articles, Uncategorized | Comments Off on 4 Mistakes That People Make When Budgeting Money

Now that a new year is here, one of your financial resolutions may be to develop a budget so you can stay on track with your finances. Everyone should have a budget, but this is especially important if you’ve been living paycheck to paycheck. Getting a budget in place is a good start. However, if you’re not careful, you could end up busting your budget soon after you set it. Here are four things you should not do when developing a budget. Not keeping track of spending Before you set up your budget, you should track how much you spend for at...

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5 Warning Signs You’re Headed for Financial Disaster

Posted by on Mar 8, 2016 in Articles, Uncategorized | Comments Off on 5 Warning Signs You’re Headed for Financial Disaster

Financial problems have a way of sneaking up on you. At first you may start borrowing money to make a purchase or using your credit cards a little too often. Before you know it, you’re facing a mountain of debt. You may be content with denying you have a problem with managing money. However, burying your head in the sand will catch up to you if you don’t take the proper steps get things under control. Here are a few signs you’re headed for financial disaster. You often borrow money from friends and relatives Many of us run into a financial...

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Considering a New Career in Retirement?

Posted by on Mar 4, 2016 in Articles, Uncategorized | Comments Off on Considering a New Career in Retirement?

Many retirees look forward to spending their golden years relaxing, socializing and improving their short game. For some, however, all of that R&R is overrated. Working after retirement may be an oxymoron, but it’s a trend that continues to gain steam. A 2013 study found that 60 percent of workers age 60 and older plan to look for a new job after retiring. That’s up 3 percent from the previous year. While financial concerns are often the motivator, for many retirees the decision to pursue an encore career is more about...

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3 Smart Things to Do When You Inherit Money

Posted by on Mar 3, 2016 in Articles, Uncategorized | Comments Off on 3 Smart Things to Do When You Inherit Money

When you inherit money from a loved one, it might be tempting to treat yourself to a luxury. Maybe your dream car or a long vacation? While it’s not necessarily wrong to use at least part of your inheritance for a little fun, make sure you don’t make an impulse decision about how to use your newly acquired funds. American retirees expect to leave an average inheritance of almost $177,000 to their heirs, and in several countries, that figure is much higher. An inheritance can be extraordinarily useful for your financial health, but it’s not...

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4 Ways Getting Married Will Change Your Taxes

Posted by on Feb 25, 2016 in Articles, Uncategorized | Comments Off on 4 Ways Getting Married Will Change Your Taxes

When you walk down the aisle, your vows aren’t likely to include the words “Till death—and taxes—do us part.” But including that clause may not be such a bad idea, because once you tie the knot, your tax situation has the potential to go from simple to complex fast—not to mention the fact that you’ll have to reconcile any disparate tax strategies. For instance, Melissa and Lee Bernhoft, Houston–based newlyweds who got married in April, have two very different attitudes toward declaring exemptions: Melissa likes to declare more, while Lee...

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10 Retirement Saving Strategies You Should Know About

Posted by on Feb 23, 2016 in Articles, Uncategorized | Comments Off on 10 Retirement Saving Strategies You Should Know About

From tax-deferrals to employer contributions, here’s how to save more. We all know that we should be putting aside a portion of each paycheck for retirement. Setting up a direct deposit to a savings or investment account can help make sure that we don’t forget to save every month. However, once you start saving, there are many other things you can do to help grow and protect your nest egg. Here are 10 savings strategies that will help you build wealth for retirement. Tax-deferral on retirement savings. You can defer paying income...

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How Anger Can Hurt Your Finances

Posted by on Feb 19, 2016 in Articles, Uncategorized | Comments Off on How Anger Can Hurt Your Finances

Your emotions are useful for expressing yourself and alerting you to dangerous situations. However, one emotion, anger, can have a negative impact on your financial health. When not managed in a constructive way, anger has a way of consuming you and impacting every area of your life. Unfortunately, angry feelings can sometimes result in poor financial management. Financial expert Joan Sotkin says unresolved anger can keep you from being prosperous. “If you’re serious about changing your financial position, it’s essential that you deal with...

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5 Tips for Better Spending Habits

Posted by on Feb 17, 2016 in Articles, Uncategorized | Comments Off on 5 Tips for Better Spending Habits

While 2016 is in full swing, if you haven’t thought about a resolution yet, don’t give up. Maybe it’s time to make one that has the potential to stick. If you’re often wondering how money slips out of your wallet, consider becoming the crash test dummy for better spending habits. Test drive some of these ideas below to develop better ones. Be your own cheerleader. Patting yourself on the back after following through on a behavior you want to increase goes a long way to help cement a behavior. Ginger Dean,...

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