Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in their latest issue. I have to say that I am always pretty disappointed in their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much … [Read more...] about Ten Ways To Earn A 10% Rate Of Return On Your Investments
Review of Clarity Money App – Get Clear on You’re Spending Money
One of the most important factors in personal financial management is transparency. But, many people believe financial products and services are anything but transparent. That’s why Clarity Money was founded, in order to develop truly transparent solutions to wasteful spending, limited savings, and complex budgeting practices. Through the power of artificial intelligence, Clarity Money incorporates natural language processing, anomaly detection, and spectral analysis to help its 600,000+ users save money. Even if you already know all … [Read more...] about Review of Clarity Money App – Get Clear on You’re Spending Money
Are Baby Boomers Really Doomed When it Comes to Retirement?
There’s plenty of doom and gloom news surrounding the Millennial Generation’s financial management. But, new reports suggest Baby Boomers aren’t doing too well either. Baby Boomers, which are those born roughly between 1946 and 1962, seem to be missing the mark when it comes to saving enough money for retirement. As MarketWatch pointed out, the average Baby Boomer has just $263,000 saved in their employer-sponsored retirement plan, despite needing about $658,000 to live comfortably on. If the math holds up, this means the average … [Read more...] about Are Baby Boomers Really Doomed When it Comes to Retirement?
Invest in Your Retirement Now – Your Retired Self Will Thank You
It’s a common question to ask think - will I have enough money saved up to retire happily? Not having enough money to retire is a scary thought. You work almost your entire life to have your golden years free of a job. However, if you are not financially able to retire, that dream may not become a reality. No one says you have to be rich to retire (although that does help). But you do want to have enough money set aside that you won’t have to worry about whether or not you can afford to pay the bills. How to Invest in Your … [Read more...] about Invest in Your Retirement Now – Your Retired Self Will Thank You
Investopedia Academy Review – Self-Paced, Online Courses About Investing
If you would like to learn more about personal finance or get a higher rate of return on your investments, then simply reading a book may not be the perfect solution. While books written by experienced authors can be useful, the information eventually becomes outdated, especially in the rapidly-changing world of finance, and there’s no one you can turn to for help if you have questions after you finish reading a chapter. This is part of the reason why Investopedia, the self-proclaimed “largest financial education website in the world”, … [Read more...] about Investopedia Academy Review – Self-Paced, Online Courses About Investing
How to Create a Budget You’ll Actually Stick To
According to recent studies, just 41% of Americans have a budget. For the other 59% or so who just “wing it” when it comes to managing their money, they could be missing out on valuable opportunities to save money on everyday expenses, decrease their debt loads, and put more money into investments for retirement. If the idea of creating and sticking to a budget makes you grimace, either because you think budgeting is boring or you tried and didn’t like the results you got in the past, then here are a few proven strategies to help you really … [Read more...] about
OppsLoan Review – Personal Loans that Are a Alternative to Payday Loans
When you’re in a pinch and desperately need money, where do you look for cash? If you’re like a majority of Americans, you might not have even $1,000 set aside in an emergency savings fund, which means you’ll need to borrow that money from somewhere. In some cases, people turn to family members or credit cards to help them out, but if you’re running out of options, then a quick loan might be the only option you have. Unfortunately, the quickest, most accessible borrowing method comes in the form of payday loans, which have an average 400% … [Read more...] about OppsLoan Review – Personal Loans that Are a Alternative to Payday Loans
Retirement Planning for Home Business Owners – How to Save for Retirement
Most know that Americans, particularly younger people from the Millennial Generation, are not saving enough for retirement these days, but another surprising group that isn’t saving is home business owners, according to CNBC. Without an employer-backed 401k or pension plan, home business owners are at a unique disadvantage when it comes to saving for retirement. Whereas you can currently contribute up to $18,000 annually to a 401k, with some employers offering a 3% to 6% match, IRAs are limited to $5,500 annually, or $6,500 if you’re 50 … [Read more...] about Retirement Planning for Home Business Owners – How to Save for Retirement
Top 10 Good Financial Habits to Start Today
The following is a guest post from Marc, a personal finance blogger at VitalDollar.com. If you'd like to submit a guest post to Money Q&A, check out our Guest Posting Guidelines. Managing your money is a lifelong process, and sometimes it’s difficult to feel like you’re making any headway. If you want to know what you can do today to put yourself in a better financial situation, how about developing some good habits? In this article, we’ll take a look at 10 good financial habits that you should develop, as well as specific … [Read more...] about Top 10 Good Financial Habits to Start Today
4 Strategies for Overcoming Lifestyle Creep
When you start making more money through your business, job, or investments, the next thing that typically happens is you start spending money more freely because you can finally afford to do so. Unfortunately, our desire to disregard our budgetary restrictions comes a serious downside. We won’t make much progress in our financial goals if we’re too busy spending money and living at our means. If you suspect you’re experiencing “lifestyle creep”, which is when you start earning more money and your expenses seem to grow alongside your … [Read more...] about 4 Strategies for Overcoming Lifestyle Creep
Ebates Review — Earn Cash Back on Your Online Shopping
Who doesn’t love getting cash back? Whether it’s a mail-in rebate or credit card rewards bonus, we love getting cash back on our purchases because it helps reduce the cost of the item or service we buy. Ebates builds on the premise of cash back online shopping by giving consumers incredible access to cash back offers on hundreds of well-known websites like Amazon and Groupon, which can effectively double your cash back rewards when combined with a rewards credit card. If you want a free, easy and automatic way to earn more cash back on … [Read more...] about Ebates Review — Earn Cash Back on Your Online Shopping