Millennials are way behind previous generations on retirement preparedness. Entering the labor market in tough times, millennials earn lower wages and have fewer fringe benefits than gen-Xers and late baby boomers did as young adults. So what are some local Wharton MBAs who are also millennials doing to change that? First, the data: Millennials — […]
Investing when you’re young sounds like an expensive and daunting task, especially when you have just started your first job, but the best time to start is with your first pay cheque. Given the choice, it’s much easier to put off the idea of investing and just buy the latest shoes and gadgets -this is […]
Induja Kannan is majoring in finance, but that doesn’t mean she knows how to manage her own finances. To fix that she signed up for Georgia Tech’s new personal finance course. The one-credit elective shows students how to set a budget and manage expenses. It includes a focus on investing at an early age. “I […]
The remnants of winter are still nipping at our feet, but we’re already looking ahead to the summer—dreams of beach days and mountain hikes, backyard adventures, or exotic getaways. But peak season travel can come with a hefty price tag. Plan Ahead The time to book is now. Scott Keyes, founder of flight deals newsletter […]
With tax return season upon us, now is a great time to think about stashing some extra cash in savings. Don’t have a specific savings goal? How about vacation, school, retirement or emergency fund savings? It’s not as hard as it may seem, and it doesn’t require a major life change. According to the Dec. […]
Despite a low unemployment rate and increasing wage growth, Americans still aren’t saving much. That’s according to a new survey from Bankrate.com, which found that 20 percent of Americans don’t save any of their annual income at all and even those who do save aren’t putting away a lot. Only 16 percent of survey respondents […]
Occasionally, Olympic figure skater Adam Rippon likes to treat himself. Last year, he splurged on a $6,000 Cartier Love Bracelet. “A year ago, I broke my foot and I just needed a little pick me up, so I bought myself this bracelet,” Rippon, 28, tells CNBC Make It. But he hasn’t always been able afford […]
Having a wedding is expensive. But so is attending one. The average wedding guest is spending close to $900, according to the 2016 American Express Spending and Saving Tracker. That includes things like gifts of cheese plates to hotels for the big day. If it’s a destination wedding, the costs could rise so high that […]
Alice, 66, a retired personal assistant, and David, 74, a retired printing industry worker, had been considering equity release for some time. “Eventually we decided if we wanted to live more comfortably we would have to take the plunge,” said Alice. Alice and David, not their real names, said their pensions were not enough to […]
This failure is the nation’s biggest single financial regret and younger generations are on course to repeat the mistake. Putting money aside for the future is never easy, but as inflation hits 3 per cent a year while wages lag behind at just 2.5 per cent, it is getting harder all the time. Savers have […]
Auli’i Cravalho — star of Disney’s “Moana” and NBC’s new show “Rise” — is only 17, but her approach to money is savvy. The breakout star reveals she’s actually a stickler when it comes to saving. “I hate to be that person, but I’m smart with my money,” Cravalho tells CNBC Make It. “I’m not […]
Looking to lower your higher education costs? These money-saving tips will help you avoid massive loads of student debt and keep your expenses to a minimum In case you didn’t get the memo, college costs are going nowhere but up. Tuitions and fees have gotten so astronomical that even higher earners are struggling to send […]
