Home-ownership has always been an ideal in this country. Historically, it has never been universally “easy” to attain, no matter the family size or location. However, it has become quite clear that it is a goal most of us take for granted. How can that be? “Taken for granted” might be an overstatement, but at the… Read More
NEW GRADS SHOULD DO THESE FIVE MONEY THINGS RIGHT NOW (VIA ALLAN EBERHART OF BLOOMBERG BUSINESS)
One of the most stable investments any individual can make is in their education. A four year bachelor’s (and a post secondary degree if one pleases) can have a profound effect on one’s earning potential moving forward. There are some of you out there that are currently in the midst of your career search. Then,… Read More
THE RIGHT WAY TO HANDLE INHERITANCE (VIA KIRA BRECHT OF DAILYFINANCE.COM)
Sudden riches can have an interesting effect on people. For many, their basic instinct is to spend their newly acquired wealth on products and services for personal amusement. And while that might not be completely unreasonable, overlooking the process of financial planning, even with inheritance, is. Many of you might be thinking “how often does… Read More
SEPARATE OR SHARED BANK ACCOUNTS: WHAT’S BETTER? (VIA CATHERINE ALFORD OF PERSONALCAPITAL.COM)
Early on in relationships, both parties tend to share particular hobbies and interests with each other. That is how we build chemistry. It is a system that has (for the most part) worked for a while now. Successful relationships tend to include a nice blend of similarities and differences. Eventually, however, cohesion becomes the name… Read More
MILLENNIALS SURPASS GEN XERS AS THE LARGEST GENERATION IN U.S. LABOR FORCE (AS REPORTED BY RICHARD FRY OF PEW RESEARCH CENTER)
As American industry modernizes, so do its components. In addition to ever-evolving technology, a clear and present trend has become somewhat hard to ignore. The U.S. workforce is getting younger and younger. Nowhere is that more apparent than in Pew Research Center’s analysis of recent United State Census Bureau data. In the accompanying report, the… Read More
MOST TWENTY-SOMETHINGS ARE ACTUALLY SAVING FOR RETIREMENT (AS REPORTED BY KATIE LOBOSCO OF MONEY.CNN.COM)
For many young professionals, the prospect of retirement is a mere afterthought. Following the conclusion of one’s higher education, their immediate concerns seem to be tied mostly to securing employment and properly achieving balance in their own personal budget. At least, that is what the old convention appeared to be. Now it would seem as though planning… Read More
THE PROS AND CONS OF RENTING VS. OWNING A HOME (VIA ASHLEY FEINSTEIN OF MASHABLE.COM)
Home ownership is a goal for many growing professionals. As a person’s total income increases, naturally, they can start to think about building equity in a potential place of residence. However, for many renting remains a more viable and financially wise option. As such, it is crucial that consumers understand the costs and benefits of owning… Read More
ONE THIRD OF AMERICANS HAVE NO FINANCIAL PLAN, STUDY SAYS (AS REPORTED BY ANNA ROBATON OF NBCNEWS.COM)
Financial planning is an important part of preparing for one’s future both in the professional and personal realms. For many Americans, the term has become an afterthought, which can put them at an unnecessary risk for monetary hardships. According to a study conducted by Northwestern Mutual, more than one third of Americans have stated that… Read More
Proof That Most of Us Don’t Understand Overdraft Fees (as reported by James Cave of huffington.post.com)
Nine out of ten Americans have a checking account, but many aren’t up to speed on what happens if they overdraw their account. An overdraft occurs when you spend or withdraw more money than you have in your account. You’ll be able to complete the transaction if you’ve agreed to your bank’s overdraft protection policy,… Read More
8 Savings Mistakes to Avoid (as reported by Mixey Rox of wisebread.com)
The truth is that everyone makes mistakes, but it’s important to check yourself before you wreck yourself when it comes to your cash. Even avid savers can make mistakes when it comes to funneling money away for a rainy day or a future investment. Because if it’s sitting in a modest growth plan, it’s not… Read More