Whether you’re looking to pay off your student loans, save for a down payment on a car, or catch-up on retirement, the only way you’ll reach these goals is by improving your finances with a few simple money fixes. Despite the misconception, though, you don’t have to turn your life upside down. In fact, you…
Survey Shows About 30 Percent Retirees Aren’t Worried About Inflation on Their Savings—Well, Are You?
How worried are you about retirement inflation? You probably have a positive outlook about retiring comfortably if you’re in the majority of Americans. Those are the results of the 2022 Retirement Confidence Survey conducted by the Employee Benefit Research Institute and Greenwald Research in January, polling 2,677 workers and retirees. “Even with the concerns of the pandemic and…
25 Ways to Stop Spending Money and Save for Retirement
Unfortunately, there are no shortcuts when it comes to saving for retirement. Instead, you must do all the small things that can add to a stable post-career life. Reining in spending, keeping costs down, and setting aside extra funds are just some of the intelligent things you can do to grow the money in your nest…
5 Steps to Take With Your Money in 2022: Personal Finance Experts
By Karen Bennett From Bankrate.com In a time when inflation is at a 40-year high and prices are surging on everything from gasoline and food to furniture and cars, many consumers are focused on how to better handle their money. Developing practical strategies for saving, spending, and investing can help you build an emergency fund,…
How to Double Your Savings Account in 12 Months—The Secret Key to Savings Success
Nearly 1 in 5 Americans didn’t save any money in 2021. If you’re one of them and determined to double your savings account by next year, there’s one thing you need to do. First, though, visualize success. Imagine for a moment that you wake up to see your savings account is double the amount it was a…
How to Stop Inflation from Deflating Your Savings
No, you aren’t imagining things. Everything costs more than it did before, and these higher prices make it hard to balance the budget while saving and thinking about retirement. But you can stop inflation from deflating your savings! In April, the Bureau of Labor released the latest data from the Consumer Price Index (CPI), revealing inflation’s steady creep…
New Report Details People’s Financial Pain; Mortgage Rates See Biggest Weekly Jump Since ’87 | NTD Business
Most Americans are struggling with rising prices, dipping into savings just to cover expenses. A new report details people’s financial pain. U.S. homebuilding plummets in May to its lowest level in over a year. What’s behind the drop? Cosmetics giant Revlon files for bankruptcy, weighed down by heavy debt, supply chain issues, and surging costs. Apple…
Savings Rate Falls, Consumer Debt Surges as Inflation Weighs on Household Finances
With rampant price inflation eating away at household budgets, U.S. consumers are saving less, using debt to keep their heads above water, and losing confidence in the economy. In April, the household savings rate tumbled to 4.4 percent, down from 6.2 percent in March, according to the Bureau of Economic Analysis (BEA). This is the…
Women’s Savings Accounts Took a Hit During the Pandemic, Unlike Mens
When it comes to retirement savings, women have been lagging behind men. Just how bad is it? In retirement, women are 80 percent more likely to live in poverty as compared with men, according to AARP. And, the pandemic has made this disparity even worse. According to an analysis from Age Wave and Edward Jones,…
Taking Baby Steps to Build Savings
Financial education almost never makes it to the top of a Millennial’s list of interesting topics. Just as previous generations in the age group of 25-40, today’s young adults often dismiss money management and financial knowledge as tedious, uninspiring, or simply too complex to spend time on. Especially for the younger members with more modest…
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