A frightening reality for many seniors is that they may find themselves running short of retirement savings. Also, Social Security benefits, while guaranteed for life, aren’t enough to live on for many. Without any other income, seniors may feel trapped and panic. First, if you find yourself in this situation, there is no need to […]
Starting a business can be a great way to achieve financial freedom and pursue your passions. However, many people are deterred by the high start-up costs associated with starting a business. The good news is that there are many businesses you can start with less than $1,000. In this blog, we’ll explore five business ideas […]
Retirement is an ideal time for downsizing in order to cut costs and simplify life. For others, it simply involves getting rid of stuff that is no longer needed. Listed below are 11 common items retirees tend to sell when they retire. A big family home The first thing you need to figure out when […]
Though you keep a close eye on your budget, you may miss some “money leaks,” those small expenditures that add up over time. Among these expenses are those that you are unaware of, others are regular bills that you have been meaning to review for years, and yet another group is expenses that you could […]
Preparing for retirement means budgeting and making important lifestyle decisions. Your income is a crucial as your outgo, so healthcare is a big area to explore. The gig economy offers many opportunities to earn income after regular work stops. Get your adults kids on board so they understand what you’re doing financially and why. Americans […]
If you are thinking about opting out of your car lease early, you should first consider the penalties you will face. You should carefully review your car lease agreement to understand the terms and conditions of early termination before seeking an alternative plan. The outcome of this will allow you to weigh the benefits and […]
Lack of retirement tax planning is costly: Most retirees are unprepared or not prepared at all for the cost of taxes in retirement. While many Americans will get Social Security tax-free, anyone with investment income or a pension could be taxed on their monthly check. The key to better retirement tax planning is learning the […]
Many Americans have difficulty putting money away as savings, whether out of habit or not knowing how to get started. Keep (or start) growing your bank balance with these four saving habits. Keep saving easy with automation If you can save with little to no effort, would you? You can use automatic transfers to move […]
Saving money on ordinary fixed living expenses can be a challenge for many people, but it’s not impossible. With a little effort and creativity, you can reduce your monthly bills and put more money back into your wallet. Here are seven ways to save money on everyday living expenses: Track your spending The first step […]
People don’t plan to fail, they fail to plan. There are several tips you can use with regards to setting up and reaching your savings goals when you are simply adding money into the bank. Here are five steps to consider if you want to save money for a specific purpose or simply to have […]
