Reaching financial independence requires some effort, sacrifice, and learning on your part. Many people shy away from planning their finances because they lack an understanding of economics and financial markets. I've found that managing finances wisely depends on some basic principles that anyone can understand.
Talking about money might not be as fun as discussing the songs your reception band will play or the tropical location in which you'll be honeymoon...
Yes, you only live once. That is an inescapable truth that applies to us all. What is not true is that you have to "just get by" financially in order to really live. You can really live right this very moment and save for your future.
Here goes: closing or canceling a credit card starts a snowball effect that will give your credit score a wallop it may not be able to stand.
If you're in a banking relationship that you're unhappy with -- of if you're looking to open a new account at an institution -- it's wise to figure ou...
Before the Affordable Care Act (ACA), there was no easy way to shop for a health insurance plan. But the ACA has standardized health insurance marketing, which makes it easier to compare plans "apples-to-apples." So now you can get right to it in just two steps.
I've seen clients get into financial trouble in spite of making high salaries. Some are doctors, lawyers, or engineers -- educated professionals who earn six-figure incomes. Strangely enough, though, education doesn't necessarily lead to sound financial decisions.
One person's "flexibility" is another person's "lack of stability." And one person's "stuck" is another person's "steady." The way you'll feel about buying vs. renting is very much in the eye of the beholder.
Despite their freedom from financial concerns, pets can actually teach us some useful lessons about what to do--and what not to do--with money.
Ladies, it's time to take charge. It's time to change our mindset from one of limiting beliefs to one of abundance. It's time to move from complacency to action.
Many of the scams that occur during tax season occur over email. You might even receive an email featuring the IRS name or logo asking for financial data.
As with most things tax-related, choosing whether to file jointly or separately as a married couple is a highly individual and complex decision. That's why we consulted two certified public accountants to find out how common it is for a married couple to file separately, what it means for your taxes and in which situations it may apply.
With the most recent recession and America still trying to dig its way out of debt, many are balking at credit cards in a way that we never have before. With high interest rates and countless fees being tacked on to our debt, it seems like credit cards are used more as a torture device than a helpful crutch through difficult financial situations.
What happens to your bank account upon death depends a lot on what you do with it during your life.
If you believe future-you can't be trusted, you'll never even try to plan for the long term. Why save for retirement or eat healthfully if you think future-you will exploit the benefits you give him? To succeed, we need hope to spring eternal. We have to believe that we're trustworthy.
I can try to adult-ify my apartment all I want, but one thing remains true--my finances need to be handled, and I'm the only one who can take control of them.