Category Archives: Budget

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 of the Changes to Tax Law That Taxpayers Need to Know

7 of the Changes to Tax Law That Taxpayers Need to Know

While the 2017 tax season was largely business as usual, things will be very different in the 2018 season because of the new laws that were passed in late 2017. To maximize returns, or at least minimize how much is owed, individuals need to start thinking about the changes they need to make to their… 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

What You Need to Know about Long-Term Care Insurance

What You Need to Know about Long-Term Care Insurance

One of the most crucial considerations when preparing for retirement remains the forms of insurance that will keep individuals and their nest eggs safe. Recently, high premiums have driven down the sales of long-term care insurance. This form of insurance provides coverage for long-term supports and services—from in-home custodial care to stays in skilled nursing… 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 Tips for Getting the Best Deal on Your Auto Loan

5 Tips for Getting the Best Deal on Your Auto Loan

Auto loans are generally one of people’s largest expenses, behind mortgages and student loans. When purchasing a car, you should not wait until you are at the dealership to think about financing. With a little preparation, you can get a great deal that will save you thousands of dollars in the long run. Since cars… 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

3 Retirement Savings Alternatives to the Traditional 401(k)

3 Retirement Savings Alternatives to the Traditional 401(k)

One of the most critical yet confusing aspects of personal finance is saving for retirement. Individuals have a number of different options for saving, and it can become difficult to decide which avenue is the best. Many people do not even realize all the different options that exist and tend to stick primarily with the… Continue Reading

3 Things You Need to Know about Loan Interest Rates

3 Things You Need to Know about Loan Interest Rates

One of the most confusing aspects of taking out a loan is figuring out exactly what the interest will cost. Several different types of interest exist, and individuals should try to have a basic understanding of each of these categories before they even begin shopping for a loan—and certainly before signing any loan agreement. In… Continue Reading