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6 Mistakes To Avoid When Teaching Your Kids About Money
‘Lead by example’ couldn’t be a truer saying when it comes to teaching children about personal finance. But, as many of these great quotes, it’s much easier said than done.
Instant access to credit cards, the ability to finance pretty much everything, and the never-ending hamster wheel of “keeping up with the Joneses” can make being a role model really challenging. But ignoring it isn’t an option either if you want to raise financially responsible adults. After all, debt can destroy a person’s entire adulthood, and it can quite literally happen in the blink of an eye…
5 Essential Finance Tips for High School Seniors
4 Simple Ways to Jumpstart Your Finances
Retirement Resolutions for Boomers
Most Americans usher in the New Year with champagne. And sometime after (or before) the bubblies, come the New Year’s resolutions to either save more, lose weight, or quit a vice like smoking. The tradition is no different for Boomers, but Carl Edwards a Chartered Financial Consultant say their resolutions should include implementing these three vital […]
Expecting an Inheritance? 3 Tips to avoid wasting sudden wealth
$177,000! That’s the average amount an American is expected to inherit according to HSBC Holdings, a banking company. The cliche “easy come, easy go,” should never apply to an inheritance, but often does. Studies show heirs lose, spend or donate half of their inheritance. Although you didn’t work for it, bear in mind that Aunt Tilly or Grandpa Tom probably worked really hard to amass the wealth they have passed on to you. […]
Panic Sets in and People Spend on Impulse… The Countdown has Begun!
What do you have left on your shopping list? A survey from the National Retail Federation found that most people still had half of their shopping to do, and 37% hadn’t even started. Less than 10% were finished, so it’s safe to say many of us are procrastinators. Debt problems can be very stressful and […]
Top 3 Tips to Avoid Credit Card Debt During the Holidays
There are few things better during the holidays than finding the perfect gift for someone you care about, but sometimes the relief that comes with scouting out the right present for your new mother-in-law or a great accessory for a close friend can come with a heftier price tag that you planned. This sometimes leads […]
Don’t Let Debt Get You Down – Run It Down…
Debt has been a curse to many Americans, especially since the economy bottomed out, the cost of living went through the roof and good paying jobs met the same fate as the dinosaurs, even for those who have working experience and a decent education. Aggravation and frustration greet people each morning and there seems to […]
Yes, You Can Get Out of Debt
l The average American household carries somewhere around nine thousand dollars in credit card debt. So even though the majority of Americans spend more than they earn, it is possible to get yourself out of debt if you’re willing to adjust your spending habits. You first need to assess your debt load. If more than […]
Spring Clean Your Credit Card Debt
Why not use spring as a springboard to clean up your credit card debt. With food and gas prices rising it’s time to wipe out any unnecessary spending and pay down your credit cards so you’ll have money for more important things. Credit card debt acts like an anchor for many people who are trying […]