The savings rate in this country is dismal. The most recent number (July 2018) reported by Trading Economics was 6.7%. Personal savings rate is defined as “the ratio of personal income saved to personal net disposable income during a certain period of time.” That means that the average income earner only saves $6.70 out of Read more about Discipline and Savings; a Perfect Match![…]
A few months back while listening to the radio, I heard a ‘Cash Call’ advertisement touting the advantages of taking out a home equity loan and using the proceeds for things like paying off high credit card debt, remodeling a kitchen, or investing ‘on the dip’ in Bitcoin. Yes, you read that last one right. Read more about Buyer Beware…[…]
As children grow into young adults and become personally responsible for managing their own finances, have you ever thought to yourself why the subject of ‘personal finance’ is not required coursework in school? Why are we expected to have the basic knowledge on taxes, money management, insurance needs, estate planning, retirement accounts, and credit, if Read more about Things you and your kids aren’t learning in school[…]
I recently heard a radio talk-show host discussing the myriad of ways single people can meet up with the ‘hopeful’ love of their life, or if anything, at least a nice night out. And whether they meet through e-harmony.com, match.com, zoosk.com, or any other social app that might promise a successful connection, there is (among Read more about What your credit score says about you[…]