Buying individual stocks is certainly a way to try and grow your wealth in the market, but it comes with considerable risk. In addition, choosing which stocks to invest in requires doing extensive research beforehand. For those who want a way to invest that’s more convenient, with lower costs, less risk and more diversification, mutual […]
Adding a new credit card to your wallet can result in a huge haul of rewards and unlock an array of valuable perks. However, there are times when you may not want to apply for a new card — like if you’re getting ready to buy a house. Likewise, there may be times when you […]
Saving money on spring break can be a challenge since nearly everyone is trying to skip town around the same time. Whether you plan to rent a car for a road trip, fly to a tropical beach or book a quiet vacation rental somewhere new, many parents with kids, college students and education workers have the […]
No matter what you see yourself doing during retirement, your goal is to no doubt ensure that you’re financially secure throughout your senior years. But the wrong choices on your part could result in the opposite happening. Here are three decisions that may end up backfiring on you in a very serious way. 1. Claiming […]
There are many ways people share their financial lives, and it’s common to have a mortgage or car loan with a family member, partner or spouse. You can also share a credit card account. Although there is no right or wrong answer to whether a joint credit card account is a good idea, there are […]
Starting a family almost always means parents will need to make adjustments to their finances. From buying birthday presents to paying fees for extracurricular activities, raising kids can be costly. “If you look at the cost of college, that number is pretty staggering,” says Kara Duckworth, a certified financial planner and managing director of client […]
FARMINGTON HILLS, Mich. (WXYZ) — When it comes to making ends meet these days, everything is on the chopping block from cable to the weekly grocery bill. Food at home is now 6.5% more expensive. So how do families do it week to week? We are doing a whole series on this very topic and […]
The economic impact from the pandemic is having a profound effect on how U.S. workers think about their jobs, financial goals and retirement. The recent Voice of the American Worker Survey from Franklin Templeton’s Retirement Innovation Initiative delved into not only what workers think but the implications for employers. Americans are rethinking work. The combination of […]
Creating a budget or spending plan can sometimes get a bad reputation for feeling too restrictive. Admittedly, budgets are not one-size-fits-all and using the wrong method for your circumstances can result in feeling exhausted and limited. However, there is a huge benefit to tracking how much of your money gets spent — especially if you […]
No matter what you see yourself doing during retirement, your goal is to no doubt ensure that you’re financially secure throughout your senior years. But the wrong choices on your part could result in the opposite happening. Here are three decisions that may end up backfiring on you in a very serious way. 1. Claiming […]
If you notice more shares of Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock in your account later this year than you originally purchased, don’t be alarmed. The internet behemoth just announced a 20-for-1 stock split in conjunction with its latest earnings report. This means that investors will receive 19 additional shares for every one […]
The upside of renting a home rather than owning one is you write a check to your landlord every month and call it a day. Homeowners, on the other hand, are responsible for a host of expenses on top of their mortgage payments, from property taxes to maintenance to repairs. If you’re a renter, you […]
