Category Archives: Saving

5 of the Most Problematic Personal Finance Regrets Americans Face

5 of the Most Problematic Personal Finance Regrets Americans Face

A survey that Bankrate conducted last year showed that only 20 percent of American adults have no financial regrets, while more than 70 percent of respondents said there were very specific mistakes that they wish they had not made. Among the respondents’ biggest regrets, the one cited most often was not starting retirement savings early… Continue Reading

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

7 Personal Finance Strategies You Need to Know if You Are in Your 40s

Once individuals hit their 40s, they need to focus on securing their finances so that they are ready for retirement and other demands. During this time, kids may be preparing to start college and parents may need expensive nursing care. Consequently, our 40s prove extremely stressful in terms of finances, and this makes it extraordinarily… Continue Reading

Spotlight – Is It Smarter to Save or Invest Your Money?

Spotlight – Is It Smarter to Save or Invest Your Money?

Investors often see their investment activity as a form of saving money, but in reality, these are entirely different processes. Saving and investing have specific purposes, and both should play a role in a person’s overall financial strategy. While investing can help generate wealth, savings provides a safety net that is critically important for everyone,… Continue Reading

5 Simple, Everyday Changes to Jumpstart Your Savings Regime You Need to Know

5 Simple, Everyday Changes to Jumpstart Your Savings Regime You Need to Know

One of the most common misconceptions that people make when trying to save money is thinking that it will be painful. Often, people think that saving money means making drastic cuts in their budget and foregoing the things that they like to do for fun. When individuals approach saving with this mindset, they set themselves… Continue Reading

The 5 Factors that Contribute to a FICO Credit Score You Need to Know

The 5 Factors that Contribute to a FICO Credit Score You Need to Know

Individuals working to improve their credit scores need to understand how the score is calculated. There are many misconceptions about what factors do and do not contribute to this score. Dedicating time and energy to address issues that will not even affect one’s score is a waste of effort. Fortunately, when individuals understand the approximate… Continue Reading

What You Need to Know About the Retirement Savings Tax Debate

What You Need to Know About the Retirement Savings Tax Debate

One of the most important tools that individuals use to save for retirement is the 401(k) plan, which now faces an uncertain future. With different messages coming from the legislative and executive branches regarding potential changes to tax law considering 401(k)s, many Americans are rightfully worried about what the future holds for this popular investment… Continue Reading

A Look at the Benefits and Drawbacks of Investing in Index Funds

A Look at the Benefits and Drawbacks of Investing in Index Funds

The former president of DFC Global Corporation, Don Gayhardt serves as chief executive officer and president of CURO Financial Technologies Corp. Through CURO, Don Gayhardt provides short-term financial services to unbanked and underbanked individuals. He is also a member of the Community Financial Services Association of America board. Through these positions, he helps individuals reclaim… Continue Reading

5 Ways to Be More Proactive with Your Personal Finances

5 Ways to Be More Proactive with Your Personal Finances

When it comes to personal finances, many people take a reactive rather than a proactive approach. A reactive approach to personal finances means that necessities and expenses dictate how one allocates money. In other words, individuals pay the bills as they arrive rather than planning for them ahead of time. This method becomes especially problematic… Continue Reading

6 Ways You Can Jumpstart Retirement Savings Efforts Today

6 Ways You Can Jumpstart Retirement Savings Efforts Today

Finance professionals tell their clients to start saving for retirement as early as possible. Following this advice allows people to avoid playing catchup later in life, which can prove extremely challenging. Many people neglect retirement savings when they are young because they think it will hinder their ability to pursue other activities. Other people may… Continue Reading

How Options Can Mitigate the Risk of Investing in Stocks

How Options Can Mitigate the Risk of Investing in Stocks

Many investors rely on options to round out their portfolios. While options have traditionally been considered risky investments, investors who understand these risks can use them to accomplish a number of financial goals. As with futures, options can be used to hedge against declines in the market and to minimize losses, as well as to… Continue Reading