Not saving for retirement, not getting a marriage prenuptial, choosing the home to buy – all are on the list of financial regrets Americans make – and wish they could take back. But those aren’t the only regrets. There are plenty of other errors of omission on the list, too. “By far the most heart-wrenching […]
It’s Tax Day today which means there’s a good chance that pretty soon you might have a couple of bucks coming your way in tax refunds. Then again, maybe not. Not everyone is raised to be financially savvy, but that doesn’t mean you’re forever doomed to make poor financial decisions (it’s okay to groan at […]
Financial anxiety is a monetary monster that haunts many Americans, stoking worry for people across income level, race and gender. “Financial anxiety can be debilitating, and it can cause significant distress in one’s daily life,” says Kristy Archuleta, associate professor of personal finance planning at Kansas State University and co-founding editor of the Journal of […]
The role of small business in promoting growth and development has shot to the top of the agenda this year, with both President Ramaphosa in his inaugural State of the Nation Address and former finance minister Malusi Gigaba in his Budget speech highlighting the critical role of this sector of the economy. Globally, SMMEs are […]
America’s schools aren’t making the grade, if you ask the Council for Economic Education. The organization’s mission is to help teach personal finance and economics to students from kindergarten through 12th grade. And part of its aim is to officially add financial education to state-required curriculums, complete with standardized testing. But progress toward that goal […]
You’re 30 and have 30 years to go before your projected retirement at 60. An ultra-rich benevolent uncle offers to fully fund your retirement. He gives you a choice: Option 1: For each of your 30 years to go he’ll assign to you R1 million, resulting in a handsome lump sum of R30 million in […]
Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently proposed a relatively straightforward strategy that can help. In its simplest form, the “Spend Safely in Retirement” plan suggests waiting […]
Buying a home is a major financial undertaking, so much so that a growing number of Americans are struggling to meet that milestone. For one thing, the homeownership rate among millennials has dropped in recent years, due in part to a limited inventory of starter homes, and also to student debt payments monopolizing so much […]
How many times have you been told that saving money is a good thing? Financial specialists recommend that you save a bit of money every month, but that’s easier said than done. After all, it’s not uncommon for people to live on pay cheque. However, if you want to start a company, you’ll need to […]
Syracuse University students have a serious decision to weigh in the coming weeks: how to spend their tax return checks. It’d be easy to throw it away on Schine quesadillas or late-night Good Uncle orders, but it’s important to make smart financial decisions sooner than later. Those who’ve yet to file their taxes have until […]
After paying off $40,000 in student loans with his wife, Bobby Hoyt quit his job as a teacher three years ago to focus on his personal finance blog, Millennial Money Man, and online entrepreneurship venture, Laptop Empires, full-time. Now, things are truly starting to take off. In January alone, the 29-year-old’s income topped $155,000, mostly […]
For some high earners, even making seven figures doesn’t satisfy. Take the anonymous entrepreneur who spoke to The Cut about what it’s like to bring in $1 million a year. Despite creating a successful fashion line, the single mom admits that “money and power make people greedy and crazy, and I am not exempt.” Although […]
