Monthly Archives: April 2015

ONE THIRD OF AMERICANS HAVE NO FINANCIAL PLAN, STUDY SAYS (AS REPORTED BY ANNA ROBATON OF NBCNEWS.COM)

Financial planning is an important part of preparing for one’s future both in the professional and personal realms. For many Americans, the term has become an afterthought, which can put them at an unnecessary risk for monetary hardships. According to a study conducted by Northwestern Mutual, more than one third of Americans have stated that […]

Proof That Most of Us Don’t Understand Overdraft Fees (as reported by James Cave of huffington.post.com)

Nine out of ten Americans have a checking account, but many aren’t up to speed on what happens if they overdraw their account. An overdraft occurs when you spend or withdraw more money than you have in your account. You’ll be able to complete the transaction if you’ve agreed to your bank’s overdraft protection policy, […]

8 Savings Mistakes to Avoid (as reported by Mixey Rox of wisebread.com)

The truth is that everyone makes mistakes, but it’s important to check yourself before you wreck yourself when it comes to your cash. Even avid savers can make mistakes when it comes to funneling money away for a rainy day or a future investment. Because if it’s sitting in a modest growth plan, it’s not […]

Paying for College: 7 Tips to Reducing Costs and Getting More Financial Aid (as reported by Carly Stockwell of usatoday.com)

The average student loan debt in 2014 was nearly $30,000. A college education is just plain expensive and loans are more the rule than the exception. Still, most experts recommend that your total loan debt should not exceed the amount of money you expect to earn in your first year after graduation. If you only […]

How Sacrificing for a Year Can Help You Stay Ahead Forever (as reported by Jack Ryder of simplethriftyliving.com)

Have you ever thought about how those little expenses you indulge in add up over time? Most people don’t, and this is why they don’t maintain an adequate financial cushion in their savings accounts. Living from paycheck to paycheck is the norm, but a crisis can create a huge setback if you’re ill-prepared. Learn how […]

5 Ways to Earn Extra Money This Summer (as reported by Jack Ryder of simplethriftyliving.com)

If you’re like most people, you may be looking for some ways to earn a little bit of extra cash this summer. Maybe you’d like to pay for a luxury vacation or make a large purchase. Whatever your reason for wanting to bank some extra money, there are lots of ways you can bring in […]

Behind on retirement savings? Here are 3 ways to catch up (as reported by Walter Updegrave of money.cnn.com)

Generally, you should have six to nine times your salary tucked away in a 401(k) or other accounts by your mid-50’s to early 60’s to have a good shot at maintaining your standard of living in retirement. So you’re definitely short of where you ought to be. On the bright side, at least you know […]