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.
What would you do if you received a $1,000 in tax refunds? Would you use it for something fun like taking a vacation or put it toward your retirement?
Whether it’s getting laid off at work or a pricey car repair, there comes a time when we’re all a little short on money. If only there was a way to avoid such a situation, right? Actually, there is! It’s called an automatic savings plan.
Start saving for retirement now! Young people need to push past that “I’ll save later” mentality and make an effort to sock away some of our hard-earned pennies in a bank.
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.
Think you’re too young to start planning for retirement? Think again! Check out the many reasons why (and how) you should start saving now!
Should you borrow from your 401(k)? Learn reasons why borrowing from a 401(k) is a bad idea. You shouldn’t have to risk your future for your lifestyle today.
Calling all women: are you and your bank account ready for retirement? Check out these five tips for a stronger financial future.
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…
Making personal finance a priority for 2011? Set yourself up for success with these tips and suggested goals!