There is an inconvenient truth about retirement savings. Unless people are forced to save, they won’t save. At least not enough to make a meaningful dent in what they need for retirement. That is why Defined Benefit pensions are the perfect retirement savings tool. How much does the typical family have saved? Data from the […]
Budgeting is important. You’ve heard that a million times from a thousand people. If we all agree that having a budget is a good idea, why do more than 60% of people NOT have a budget? The answer is simple. Most people never bother creating a budget because conventional budget templates feel like a chore […]
Impulse spending can be a very expensive problem, but it’s also become the norm for many consumers. You can either constantly tell yourself you need to think before you spend, or you can put these things in place to force your hand just a little bit. Make Spending Inconvenient Track the way you spend for […]
What if I told you that how you think about money affects how much money you have? No, I’m not suggesting you can simply think your way to having more money. I’m not one of those manifestation gurus who believes that imagining yourself with more money is enough to magically add zeros to your bank […]
If you’ve ever taken the time to categorize your monthly spending, chances are you had a similar reaction that I did when I realized how much we spend on food each month — disbelief with a side of regret, anyone? It’s just the hubs and me for now, and we are pretty good about eating in, at […]
The gig economy has been steadily growing for years, and if you’re currently under a ‘shelter in place’ order, but have skills you can market online, now may seem the perfect time to try freelancing. There are, however, a few financial tips you may want to consider first. Set Your Rates Carefully How much is […]
We are living in uncertain times. It’s understandable that the recent drops in the stock market are having an impact on investors’ peace of mind, and the threat of a worldwide pandemic is making many people question how well-prepared they are financially to weather this latest storm. In times of financial uncertainty, there are a […]
As I’ve transitioned into adulthood over the last few years, I’ve realized how much impact our upbringing has on our attitudes toward money. It’s well-known that parents play an important role – but what about the generation we grew up in? I was ten years old when the financial crisis hit, and I remember […]
After the gluttony of the holidays, it’s no surprise that the word “cleanse” is floating around everywhere. While my opinions on food cleanses are fodder for a different post, I’m more apt to try a spending cleanse after the spend-y days of December. You don’t have to go cold turkey Going on a spending cleanse doesn’t […]