There's been a fair amount of press recently about how women are falling behind in retirement savings. There are lots of explanations: women put others' needs first; or they believe they can rely on their husbands for retirement; or they're more risk averse when it comes to investing. But the hard truth is: We need to take care of ourselves.
The global growth of handheld digital devices among younger people is transforming the way consumers are getting their information in general, and financial information in particular. On April 15, the 2015 Financial Literacy Summit brought together international financial literacy experts to discuss how mobile technology can improve financial literacy for today's young adults.
Think of it like this; a 740 credit score is the equivalent of an A+, and there is no such thing as A+++++. If you have a credit score significantly above 740, then I suppose you can brag about it to your friends, but you won't receive any benefits above what you would have if your score was just 740.
If you've ever wondered where your paycheck went, you are not alone. Most of us spend money on small expenses that may seem insignificant, but over time slowly drain our funds. Money in the bank equals flexibility, freedom and choices. If a $10 a day latte habit seems minor, consider the expense of more than $3,600 per year.
The future can seem so far away, and the path to that future so unsure, that it can be difficult to know exactly how much to save... or even to find the motivation to get started. The reality, though, is that the earlier we start to save -- whether it's for retirement or other goals -- the less difficult the challenge becomes.