Month: October 2020

Top 5 Simple Tips to Cut the Costs of Retirement by Living More Frugally

by

When you’re living on a fixed income for your retirement, it’s important to keep your costs under control, whether that’s cutting the cost of healthcare or making the most of your savings. Living more frugally can be done at any income level and can help you have more to live on in your later years and cut the costs of retirement. How to Cut the Costs of Retirement Know What You Spend Your Money on Now It’s easier to cut spending when you know how much you are spending on what. In order to start reducing your expenses, it’s best to get a clear understanding of how your money is being spent. Keep a record, in a notebook, spreadsheet, software … Read more

Why You Can’t Rely on Social Security for Retirement

by

Sooner than you think, there will come a time when you can no longer work. Perhaps you have grown too tired of the daily grind, or perhaps your fading health will prevent you from maintaining lasting employment. Regardless of the reason, you will need to retire. Unfortunately, most Americans aren’t adequately prepared for retirement. A 2019 study found that 64 percent of Americans lack sufficient retirement savings, and an astonishing 48 percent of them are apathetic about their lack of retirement plans. Many of these Americans believe that they will be able to survive their retirement on Social Security benefits alone. Indeed, the Social Security Act of 1935 designed the program to provide for the nation’s seniors and ensure sufficient … Read more

Top 10 Effective Money Saving Tips for College Students

by

The topic of money is painful for a lot of students. There’s no possibility to get a decent full-time job yet but you’re already an adult and should somehow make money for a living. Plus the student loans! They can get so large, people repay them late into their 40s if not more. Think about taking online courses like StraighterLine online business courses. The best thing to do now is to save money, but how to do it when there’s so much to see and try! We’ve found 10 tips for college students to save some bucks without hurting any of their plans. Money Saving Tips for College Students 1. Use Cheaper Student Help When assignments start to put pressure on you, … Read more

Your Home Is a Money Making Asset. Here’s How to Use It!

by

For most people, a home is their biggest asset. But psychologically, they don’t see it that way, primarily because they actually have to live in it. And that means that they don’t find ways of generating a return with it – a tragedy in our view. Your home is a money making asset. How to Use Your Home as a Money Making Asset It turns out that homeowners can make way more money from their property than they imagine – and in various ways. Here are some of your options.  Rent Out Your Parking Space Renting out parking space doesn’t sound like it would net you a lot of money, but you would be surprised. It turns out that space for … Read more

Guide to Investing in Your 30s – What You Need to Know

by
family

Everyone matures at their own pace, but generally speaking, your 30s are a time when you’re no longer spending money as frivolously as you did when you were younger and you’re starting to get really serious about how you want to map out and pursue your financial goals for the rest of your life. You need to learn about investing in your 30s. Whereas 20-somethings are still figuring out who they are and what they want to do in the future, a 30-something is likely established in their career, ready to start (or already started) a family, considering the possibility of buying a home (primary residence or rental property, if you already have the first one), and is getting serious … Read more

Is The Large Salary Really Worth It?

by

Now that coronavirus has hit and people are reconsidering their priorities in life, many are wondering whether their highly stressful role and overbearing boss are really worth the excellent salary. Yes, you might be getting paid a small fortune but you might also be working eighty hour weeks, have your boss micromanaging your days, and you may hate going into the office every morning. Instead, you need to consider the flip side of your situation. Could you cope with less money if it benefited your quality of life at home, in your personal life, and with your family? Working in a role that you hate was once something that you put up with because of your bumper paycheck at the … Read more