Planning and saving for retirement are among the most important aspects of personal finance. After working hard for the majority of adult life, most look forward to winding down and enjoying a comfortable lifestyle during retirement. While more people are aware of the importance of saving ahead for your retirement, there are still two general mistakes that can be costly down the road: 1. Not … Continue reading Two costly misconceptions in retirement planning
Take this season to put a financial spin on your daily routines. Let us help you kick four bad money habits to help you save money this spring! Items that can damage your wallet and waist – Get rid of the alcohol, cigarettes, and fast food! Bad credit card behavior – Skip using the card for unnecessary purchases and pay off the balance each month. … Continue reading 4 Bad Money Habits to Kick for 40 Days
Many of times we don’t consider the everyday aspects of life and how they may impact our finances. There are major mistakes that people make all the time that jeopardize their financial careers. Here are five mistakes that are easily avoidable: Excessive spending and debt – Many people use credit cards to pay for items they cannot really afford. Most of the time, people don’t … Continue reading Five Ways to Ruin Your Financial Life
Here is a list of five bad habits that could save you money each year if you quit. Some of these habits are also bad for your health, but all are bad for your pocketbook.
- Soft drinks – If you drink one soft drink a day at $1.50 each that is $547.50 a year! If you have three a day, you will have spent $1,642.50. That is a lot of money that could be spent elsewhere.
- Gossip magazines – Three to five dollars per magazine really adds up when you could simply get your weekly celebrity gossip from online for free! If you have a gossip magazine fix, you could pay up to $208 per year, with each magazine costing $4. Continue reading “Five Bad Habits That are Costing You Money”
Last week we discussed why it is important to have an emergency fund set up. Now, for our third and final week we will take a look at why paying your bills late is another costly mistake. Paying your bills late will have more of an effect on your finances than just paying a onetime late fee. As reported in Shape Magazine, paying your bills … Continue reading The Three Costliest Money Mistakes: Week 3 of 3
Last week we discussed the first of the “three costliest money mistakes” according to Shape Magazine. This week we will look at why not having an emergency fund set up is another big mistake you can make. If you have an emergency or get sick, how do you plan to pay for it? Or what if some inevitable incident happens, like say you run over … Continue reading The Three Costliest Money Mistakes: Week 2 of 3
Over the next three weeks, we will be discussing the “three costliest money mistakes”, according to Shape Magazine. This week we will see why waiting to open an IRA or 401(k) can cost you. Take a look at these motives to encourage you to start your retirement account now! If you wait to start saving with an IRA or 401(k) you will be: Losing money … Continue reading The Three Costliest Money Mistakes: Week 1 of 3