This is one of the best articles I have ever read on why most people really stink at managing their money. If you are honest you will admit to doing some of the 77 things mentioned. I know I have. Read on…. http://www.fool.com/investing/general/2014/02/10/77-reasons-youre-awful-at-managing-money.aspx
Why cashing out your 401k will devastate your retirement income
Besides paying taxes and penalties, the worst part of doing this is sacrificing the miracle of compound interest. The money you cash out will never get a chance to grow. 35% of workers who left their previous employer did this last year. In a study completed by Fidelity Investments this could lead to sacrificing $470…
How much money should you have saved when you are 35, 45 and 55?
According to a study by Fidelity Investments, you should have saved : 1x salary at 35 3x salary at 45 5x salary at 55 Are you on track?
What are seven ways you can protect your credit card number?
Getting a shredder would certainly help. Read on for the other six. http://www.marketwatch.com/story/7-ways-to-protect-your-credit-card-number-2014-02-11?link=mw_suggested
How you can save 25% on your homeowner’s insurance
From the WSJ… Meanwhile, there’s always the option of switching to higher deductible—increasing a homeowners deductible to $1,000 from $500, for instance, can save 25% on annual premiums, says Ms. Worters. That would amount to annual savings of $244.50 based on the national average premium of $978 in 2011, the latest year the statistic…
How paying interest on your credit card balance will destroy your wealth?
The rule of 72 states if you divided 72 by your expected investment return, the answer will tell you how long it will take to double your money. For example if you expect an 8% return it will take you 9 years to double your money. You divide 72 by 8 which equals 9. This…
How can color influence your mood?
How can color influence your mood?
Ten ways you can make yourself debt free
Many people will have a credit card balance that they pay 18% or more on interest each month. They may also have money in the bank earning zero. They will not pay the debt because they want the security of having cash in the bank. This behavior will cause them to lose 18% per month….
11 excellent personal finance books for young people
Reading a few of these books when you are young could have a profound effect on your financial future. http://www.businessinsider.com/personal-finance-books-to-read-before-30-2014-2?op=1