The United States economy is slowly putting along. Last week, we learned that the economy added 290,000 jobs last month. As the economic outlook continues to improve, you should look at ways that you can benefit from the rising economy. Whether it’s finding a new job or looking for new investments, there are opportunities to increase wealth and set yourself up for a long, prosperous career. Honestly, many of the best opportunities have already come and gone when everyone thought the world was going to end. Remember when the Dow Jones was at 6,500? Imagine if you had invested more money at that low point! Here are a few ways that you can benefit from a recovering economy.
In a perfect world, we would all like to live debt free. Although that is the long-term goal for every Money Crashers reader, there may be times when you are forced to use a credit card. Picking a credit card does not have to be like going to the dentist for a root canal. You just need to know some basic information. While we don’t recommend that people go out and get a credit card to sustain their finances, we understand that some people prefer to use them as a way to organize their finances and pay for everything under one account without putting their checking account at risk. Today, we will take a look at exactly what you should look for when choosing a credit card.
One of the best ways to create a fiscally responsible adult is by training them to handle financial issues as a child. Teaching your kids to manage money is no easy task. They may be much more concerned with what’s going on in pop culture, their latest gadget, or just having fun as a kid. With the growing list of items that they desire, they may really think that money grows on trees. It’s never too late to teach your kid about money, even if they are about to graduate from high school. High school seniors are probably the most important group to equip with financial strategies because they are about to enter the real world. Here are five things to teach your soon-to-be grad before they enter the halls of higher learning:
Are you looking for a safe place to stash some cash? Do you want to invest money and not worry about losing it? While stocks and bonds can experience significant declines in value, many government securities are guaranteed and can only increase in value. The following investments are risk free and guaranteed by the Federal government. The only risk that exists is if the U.S. government defaults on its securities which has never happened in U.S. history. Here are five safe investments for your money:
1. Savings Account/Money Market Account
Are you looking for a way to bring down the costs of your car insurance? Paying auto insurance premiums can be very expensive, especially for a product that you will rarely ever use. But don’t worry, there are strategies to bring down your auto insurance payments. We recommend focusing on reducing the big, fixed monthly payments in your life before you take away the small indulgences, because those fixed monthly bills are eating away a bigger portion of your monthly income on a consistent basis. Here are 8 ways that you can save money on your car insurance:
The American dream has always been to save enough money so that you are able to retire at an early age. With the cost of living steadily rising, it is difficult to get a handle on just how much money you will need for retirement. It is easier to shift your focus to continually generating income in retirement rather than saving the millions needed to retire. In this week’s personal finance roundup, The Amateur Financier discusses the importance of Focusing on Generating Retirement Income, Not just Retirement Saving.
Here are some very informative articles written over the past week in the personal finance blogosphere.
Sometimes situations occur that cause you to fall behind on your mortgage. An unexpected job loss, a medical emergency, or a change in marital status are just a few of the issues that can bring about financial hardship. It’s important to know what options are available to you when you are having a tough time making ends meet. Here are three tips to help you if you are falling behind on your mortgage payment.
Contact your mortgage lender.
The current economic crisis has caused millions of Americans to lose their homes and has forced many to insolvency. Some have been forced to take the drastic measure of declaring bankruptcy. There is no shame in declaring bankruptcy. It may be a necessary step for some people that are overly leveraged. While going through a bankruptcy is a tragic experience, you can use the experience to get your financial house back in order. Instead of dwelling on it and being negative, you can take steps to rebuild your finances and change the habits and decisions you made that may have caused you to file for bankruptcy. Here are 5 easy steps for recovering from bankruptcy.
Are you looking for a great book to help you get a better understanding about investing? Navigating the investing landscape can be a lot like driving without a map. You can end up getting lost without a clue as to how to get back on the right track. Investing books are great resources to help you on your financial journeys. We are big advocates for self-educating yourself through non-fiction books. People who read one or two non-fiction books per month are likely to be more informed and more educated throughout their life. If you want to start investing or even just start contributing to an IRA or 401(k), you need some basic investing knowledge, and investing books are a great resource. Listed below are my four favorite books on investing.
It’s that time of year that we all dread, tax time. Thursday, April 15th is tax day. With tax season ending, some of you last minute tax filers may be looking for help with your taxes and ways to lower your tax burden. Many people fail to take advantage of tax deductions that they are eligible for. Rate Nerd points out The 11 Most Overlooked Tax Deductions. What about if you have specific tax questions? Generation X offers links and contact numbers for free tax assistance.
Here are some great articles written over the past week in the personal finance blogosphere.