Our big spending season is looming just around the corner. According to the National Retail Federation, Americans are expected to spend more than $1,000 per household this holiday season. There are few that don’t love to give as well as get a gift. But before you head off to do your holiday shopping, consider what … Continue reading Five Tips to Keep the Holiday Buying Frenzy From Becoming Post Holiday Clutter
A common bit of advice for the change of seasons and daylight savings time is to check your smoke detector batteries. It’s a good guidepost on the calendar for ensuring you take this important safety precaution. The end of daylight savings is as good a time as any to check up on your financial preparations … Continue reading Eight Financial Things to Check Along With Your Smoke Detector Battery
Nothing. Now, what would be really great is if we could invest more money in the stock markets when they are going up and get out of the stock markets when they are going down. Our return would be much better if we could avoid those nasty market downturns. Many attempt to do just that, … Continue reading What You Should Do When the Stock Market Swoons
Who wouldn't appreciate their money working harder than they do?
Do you find it hard to follow through with your intentions? Whether it's sticking to a budget or signing up for your company retirement plan, it's easy to get off track. Everyone is busy, and your good intentions may fall victim to life's frenetic pace. The key to following through with all you want to … Continue reading The Key to Following Through on Your Good Intentions
When I talk to people about setting aside savings or creating a budget, I often hear things like this: "It's pointless. Whatever I save gets used up by some unexpected expense." "Every time I try to live by a budget something comes up that throws the whole thing off." Unexpected expenses can throw a monkey … Continue reading The #1 Obstacle to a Successful Budget
This may seem like a strange question coming from me. As a huge proponent of saving, my usual advice is to save early and save often. Mostly I think there isn't any such thing as saving too much. However, if you have debt, and you are finding it difficult to pay it down while you … Continue reading Are You Saving Too Much?
Recently a friend asked me about a strategy proposed to her by a financial adviser. The adviser was recommending that she and her husband invest their children's college savings in a life insurance policy. Here were the benefits as given by the adviser: The money grows risk free. It is life insurance the children can … Continue reading Why Life Insurance is Not a Good Way to Save for College
If you need money and you have money in your retirement account, it can be very tempting to borrow from it. It is your money after all. Most retirement plans allow participants to borrow against their balances. About one in five 401(k) participants have an outstanding loan, and over a five-year period, almost 40 percent … Continue reading Four Hidden Reasons to Never Borrow From Your Retirement Plan
Fidelity has added two zero cost funds to their line-up of low-cost index mutual funds. One fund tracks the U.S. stock market and the other tracks international markets. These new funds are the latest volley in the index fund price wars. So it's a good time to talk about the impact of fees on your … Continue reading How to Take Advantage of the Mutual Fund Company Price Wars