Tag: expenses


My Action Plan for Saving and Spending

It is crucial to know where your money goes if you want to get your finances under control. The problem? That isn’t always obvious: Sure, you may keep track of your monthly bills. But what about your daily expenses? When you add up your out-of-pocket expenses, you might be surprised at how much you spend on…


5 Unexpected Expenses to Prepare for in Retirement

It’s no secret that retirement can be expensive. It’s why we spend (or should spend) most of our productive life planning and preparing for it so it doesn’t become a financial nightmare. But even with the best-laid plans, some unexpected expenses can pop up and throw a wrench in your budget. That’s when we think,…


What Is the Biggest Expense for Retirees, and How Do You Minimize It?

When planning for retirement, you must consider all the costs you’ll be facing. Between healthcare costs, monthly bills, housing, travel and transportation, and other expenses, retirees often face a daunting financial future. But what is the biggest expense for retirees? And what difference does it make? As you’ll learn later down this post, one-third of an…


Two Problems That Will Keep the Younger Generations from Becoming Stock Market Millionaires

Commentary  The younger generations should ignore the chart below that is often seen in a variety of forms in the financial media touting “how easy it is to become a millionaire.” There are two primary reasons millennials aren’t saving as they should. The first is the lack of money to save, and the second is…


2 Problems That Will Keep the Younger Generations From Becoming Stock Market Millionaires

Commentary  The younger generations should ignore the chart below that is often seen in a variety of forms in the financial media touting “how easy it is to become a millionaire.” There are two primary reasons millennials aren’t saving as they should. The first is the lack of money to save, and the second is…


A Simple Formula to Control Your Spending

Spending can balloon out of control quickly, and with inflation rising, keeping tabs on your money is more important than ever. As you examine your spending, look at the expenses you can’t control. More importantly, take a hard look at what expenses you can control. Analyzing your expenses doesn’t have to be a mystery or…


6 Things You May Not Know About Medicare

Whether or not you are on Social Security at age 65, you are eligible for Medicare, as long as you are a U.S. citizen or lawful permanent resident. Medicare is federal health insurance for people 65 or older, and for some younger people with disabilities. Most people on Medicare have helped fund it over the…


Amazon Gets Rare ‘Underperform’ Rating on Risks From Higher Expenses, Inflation

Amazon.com Inc received a rare “underperform” rating from BNP Paribas Exane on Wednesday, with the French brokerage saying the e-commerce giant faces a bumpy ride ahead due to surging inflation and higher expenses. Analyst Stefan Slowinski said investments during the COVID-19 pandemic to build fulfillment centers for faster deliveries and employee bonuses to keep its warehouses…


8 Overlooked Retirement Expenses

Most of us know how much money we have coming in and going out each month. It doesn’t have to be to the penny. But, we have at least a ballpark figure so that you can cover various expenses. But, what happens when you retire? Well, some areas probably aren’t affected all that much. If…