Many, if not most, of us want to save more money. But it can be hard to do — especially when we’re faced with lots of tempting possible purchases every day and we often have a credit card on us that makes spending quick and easy. Fear not, though — because you can save money […]
1. Walk, use public transportation, or ride a bike, even a bike sharing one if available, whenever you can, so that you may not need a car. If you have a car, find the cheapest gas prices — check out gasbuddy.com and consider joining a buying club like Costco. If you have that membership, you […]
Not all retirement planning is time intensive. Here are five steps you can take — even during a busy day — that will help with saving for retirement. 1. Open a Roth IRA: You contribute after-tax money, which grows tax-free, and withdrawals in retirement are tax-free, too. A Roth is a great idea for young […]
Having spent decades building up their nest eggs for retirement, they recognize the power of long-term financial planning and hope their children will capture the same benefits by starting to invest while they are young. Convincing someone just starting off in their careers to set aside money for retirement — which to them, may seem […]
Tens of millions of people rely on the money they get from Social Security to make ends meet in retirement or if they become disabled. Most people anticipate when they’ll be able to claim their retirement benefits, looking forward to their 62nd birthdays as the first time at which they can get payments based on […]
$1 million might sound like enough to retire with today, but by the time you reach your last day of work, it’ll be worth less than you might think. The reason is inflation, and it affects how you plan for the future. Here’s a look at what inflation is and how to keep it from […]
On the surface, credit scores are simple: You take a specific action, and your score changes to reflect it. However, the types of actions that cause positive changes versus negative changes aren’t always so intuitive. You might do something you assume is harmless or even beneficial to your credit, only to see your score take […]
The internet is home to lots of bad financial advice, from outdated tips given on forums to ill-conceived strategies parroted on blogs, Reddit and in chatrooms. For financial professionals, a few pieces of often-repeated advice are especially wrong and especially popular. Read on for the worst advice financial professional see online. “Debt is terrible, and […]
Once considered a pipe dream for most, early retirement now seems to be a trend. The movement has a growing number of blogs devoted to it and a name that, while catchy, illustrates what happens when you come up with the acronym first: FIRE, or “financially independent retire early.” Recent research from the online broker […]
When the Block Island Power Company connected to the National Grid sea2shore transmission cable and turned off its diesel generators on May 1, 2017, it was the end of an era. Instead of electric rates that fluctuated monthly due to the cost of diesel, a new, steady standard offer rate began to be used to […]
Students across the country are heading back to school — some amid a heat wave. Recent research suggests that could make it more difficult for them to study. For many of us this time of year means weekends at the beach and evenings at the pool, but for America’s students, many of whom are still […]
If you’re the parent of a college student, you’ve likely spent years concerned about saving enough for your kid’s education. But now that your child is officially heading off to college, you’re probably worrying about whether he or she can comfortably afford the day-to-day expenses of student living. You may also be wondering if your […]
