Saving Your Money After 50

Saving Your Money After 50

Is it too late to start saving if you’re 50 or older? Not so, says Carrie Schwab-Pomerantz in a great article we’re sharing from the Detroit News. In fact, she claims that there is no time like today to get started. Check out her great savings tips for people over 50.

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Balancing Your Future With Your Child’s Education

Balancing Your Future With Your Child’s Education

Great article yesterday in the Detroit News about some things to do (and not do) regarding your finances and your child’s education. This is exactly what I need to read, as I just had a little baby girl seven weeks ago. I must remember that I’m not getting any younger and need to put cash away for my retirement, while making sure that my little baby girl will have some duckets to attend college.

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3 Major Life Expenses You Need to Save For

3 Major Life Expenses You Need to Save For

Sarah Damon writes about financial topics for SavingsAccounts.com. Her opinions do not necessarily reflect those of Quicken Loans. About SavingsAccounts.com: For 10 years, SavingsAccounts.com has been helping people quickly and easily discover which savings accounts are best as stable and secure places to invest their money. The website enables you to make informed banking decisions by giving you in-depth bank information and daily rate updates. Over the course of your life, you’ll have some expenses that will consume the lion’s share of your income. While some of these expenses are easy to predict, people often fail to plan for them, or don’t understand how spending too much affects them in the long run. In Get Financially Naked: How to Talk Money with Your Honey, authors Manisha Thakor and Sharon Kedar identify some key lifetime expenses that are important for you and your partner to discuss. “Addressing each of these key areas as early on in your relationship as possible will go a long way toward ensuring financial and emotional harmony in your relationship and your budget,” they write. (While their book is primarily about talking to your partner about finances, much of the advice is applicable for singles, as well.) The three expenses Thakor and Kedar list, along with key points for each, are: Home. Delayed gratification can be hard, but saving 20 percent for a down payment on your home is the way to go. Once you’ve reached that savings goal, and you’re ready to buy a house, go for a simple 30-or 15-year fixed…

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