Tag Archives: Managing finances

5 Tips for Couples with Joint Finances

Handling finances as a single person can be difficult. Add another adult with income into the mix, and the difficulty can expand. Frequently, a couple will have both a spender and a saver. This is why couples need to have a strategy when it comes to handling household finances.

Continue reading

Top 5 Financial Resolutions for 2019

As humans, we all have the vices that we would rather not have. Money definitely acts like one of those vices. For this reason, millions of Americans set money-related resolutions every New Year.

Continue reading

The Benefits of Having a “Money Buddy”

Based solely on this headline, you may be wondering: What on earth is a money buddy? Let us clarify that, no, a money buddy is not someone who helps you spend money. Quite the contrary! A money buddy is a person capable of helping  you manage your money properly.

Continue reading

Planning Financially for a Natural Disaster

In light of Hurricane Florence’s recent landfall in the Carolinas, it’s important to consider how natural disasters can impact your financial situation. Despite the emphasis placed on planning for an emergency in schools and throughout the media, many Americans remain unprepared and without a solid financial plan.

Continue reading

5 Best Personal Finance Apps of 2018

Gone are the days of balancing checkbooks and keeping a budgeting journal. With our smartphones consistently at our fingertips, all financial matters are handled in the virtual world. We deposit checks, monitor our spending, and seek financial advice all on our smartphones. What’s more, we have the assistance of widely-lauded applications to make all of this easier.

Continue reading

Seize the Summer While Minimizing Spending

With summer in full swing, many people may already be feeling a pinch in their pocketbooks. Unlike the fall and winter seasons when people are more likely to want to cozy up at home and be hermits, the siren call of the warm sun and blue skies are irresistible to many wanting to make the most out of these glorious months. Continue reading

Millennial Money: Personal Finance Lessons from Millennials

Millennials have a false reputation of not being savvy with their finances. There seems to be a stereotype regarding money management that has adhered to this generation with no known cause. While millennials are inarguably faced with the largest debt burden compared to previous generations, they are using that drawback to exercise smart spending and saving skills.  The fact is that millennials are actually quite creative and knowledgeable when it comes to their finances. They just save and invest in different ways than most other generations are accustomed to. Here are some lessons to take from the millennial generation. Continue reading

Saving for Retirement Without a 401(k)

While investing in a 401(k) retirement plan is a viable option for some people, there are several alternatives for building a nest egg that will provide you with more flexibility. Your employer may not offer a 401(k) plan, or even if they do, you may be seeking a backup plan. Here are four options for saving for retirement outside of a 401(k).

Continue reading

Don’t Ignore Your Credit Score

Photo by CafeCredit under CC 2.0

You may be like so many other people and be confused about what your credit score means and how it impacts you. Another common misconception is that you shouldn’t use credit unless you can’t afford something. This may be putting you at a disadvantage when you need to make a larger purchase, such as a car or a home. Continue reading