Category Savings

GIVE YOURSELF A RAISE (AS REPORTED BY HOLLY JOHNSON ON WWW.THESIMPLEDOLLAR.COM)

Growing one’s wealth comes from following two simple pieces of advice: earn more and spend less. Easier said than done, sure. But still true. Earning more can come from a raise or a promotion, most commonly. But there’s nothing saying that you can’t take it on yourself to earn more when that raise isn’t coming. […]

Finance and Marriage (as reported by Michael Chamberlain on www.forbes.com)

Marriage is a defining moment in one’s life. It is also a time, though most people choose to believe otherwise, when personal finances take on even greater importance. The reason why is that two people with two separate financial situations and views are now joining together. The most important thing couples can do before they […]

How to Retire Early (as reported by Michael Ruderman on blog.personalcapital.com)

It is the dream of many working Americans to be able to retire ahead of schedule. The average retirement age in the US is currently about 65 years old. How can we aim to retire before 60? Before 50? Michael Ruderman, writing for Personal Capital, put a list together of seven of the top lessons […]

AUTOMATE YOUR SAVINGS (AS REPORTED BY JULIA CHANG ON WWW.FORBES.COM)

Money is the leading cause of stress among American adults. We all think about money more than we would like to, which is why this new article from Forbes is so perfect. It offers four tips for individuals who want to save more and worry less about their financial future. At the top of the […]

WHY WE DON’T SAVE ENOUGH (AS REPORTED BY DEREK THOMPSON ON WWW.THEATLANTIC.COM)

Americans don’t save nearly enough money. And a new paper, titled “How Biases Affect Retirement Saving”, offers a theory as to why that is. The focus is on two common biases – the “present bias” and the “exponential growth bias”. The present bias states that for most people, we will sacrifice some future benefit for […]

PERSONAL SAVINGS CALCULATOR (AS REPORTED BY SAUNDRA LATHAM ON WWW.THESIMPLEDOLLAR.COM)

In the years since the Great Recession, we have seen the average savings rates of Americans rise. And that’s a good sign. Savings are a good indicator of the financial well-being of the country. For individuals, saving money means you are spending less than you are making. And that’s the best way to build wealth […]