Becoming a parent brings a wealth of new experiences to your life. It also brings new financial responsibilities and considerations as you support your growing family.
No individual or business is immune to the consequences of economic ups and downs. The job market, the stock market, local housing prices, and a number of other economic factors can have a direct influence on your own financial situation, including your ability to reach your financial goals
Financial struggles can happen to anyone. When you lose control of the wheel, it can feel like an impossible setback. But no matter what situation you find yourself in, there are practical steps you can take to get back on the path to financial wellness. Here are seven strategies to consider.
For many people, the subject of money carries a certain stigma in social settings, especially when discussing income, retirement savings, or other personal financial details.
Although there are good intentions behind avoiding the topic, not talking about money may put people at a disadvantage when it comes to financial wellness. Would you restrict yourself from talking about other important topics, such as education, insurance, or the home buying process?
As you manage a monthly budget, contribute to savings plans, and work toward financial milestones, it’s helpful to pause every now and then to assess your progress and adjust your plan.
That’s where an annual financial review comes in handy. A financial review is an opportunity to take a comprehensive look at your finances, evaluate the success of your various strategies, and determine whether any changes need to be made. This review process is also important because life events and changing priorities and goals can affect your financial strategy, and a financial advisor can help recommend revisions to your plan.
It may seem like checking your bank account balance is the only thing you need to do to measure your financial wellness. In reality, though, that’s only part of the picture. The amount of cash you have on hand doesn’t take into consideration other financial accomplishments, such as the amount of debt you are paying off, the investments you’ve made, or the equity you’ve built in a home.
A recent survey shows that 72 percent of Americans suffer from money-related stress, making it one of the most common worries consumers face in their daily lives.
Do you really need an emergency fund? Our answer is yes! Your “rainy day fund” is your best friend when life throws a wrench in your plans (and your budget).
Whether you’re in the beginning stages of building up your emergency fund or you’re well on your way, check out the infographic below for four practical tips to help you reach your savings goal.
With the recent passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, individuals and families across the United States are in line to receive one-time stimulus checks to help them deal with the financial implications of the economic impact brought about by this pandemic.
As you enter your thirties, you likely have some real-world career experience on your resume, and you’re probably ready to conquer new financial goals, such as buying a home or saving money to afford other life dreams that are important to you.
This decade of life requires some planning to make sure you take advantage of every opportunity to set yourself up for long-term financial success. Here are six financial strategies for your 30s that can help.