One of the biggest barriers people face when they want to get started in investing is the perception that they don’t have enough money to set aside in an investment portfolio. If you’re in a similar situation, then low-cost investment options are the perfect solution to help you build interest-accruing savings with minimal upfront monetary requirements. Take Stockpile, for instance, which allows investors to get started with as little as $5. Many of us can afford to invest $5-10 per month, though a platform as easy-to-use as Stockpile, you … [Read more...] about Stockpile Review – Stockpile Is an Easy Way to Start Investing in Stocks
What is the Paradox of Thrift? How Saving May Not Help the Country
The U.S. economy is booming right now, with unemployment rates at record lows, consumer spending rising at steady rates, new home construction rates skyrocketing, and the Federal Reserve recently raised interest rates again. Although economists are still concerned about things like the student loan debt crisis, rising rates of job automation, and the lack of affordable housing for low-income renters around the country, the American economy is generally performing its best since pre-2008 economic activity. However, what goes up must come down … [Read more...] about What is the Paradox of Thrift? How Saving May Not Help the Country
The 3 Best Passive Income Ideas for Retirees
Whether you’re 10 years away from retirement or retiring this year, money management and saving doesn’t stop when your regular job income does. In fact, financial management in retirement can be a stressful experience if you don’t plan carefully beforehand and continue your saving habits during your golden years. To avoid the panic-inducing question of whether your current nest egg will last as long as you do, there are several retirement mistakes to avoid. Mistakes such as increasing your spending, ignoring potential income … [Read more...] about The 3 Best Passive Income Ideas for Retirees
How to Start Trading, Some Key Questions and Answers
If you are about to start trading online, you probably have several important questions, that can easily be answered if you are patient. In addition to learning about how to trade, it's important that you perform due diligence, and find a broker that will help you meet your trading goals. Whether you are looking for lightning fast execution or a broad educational section, scanning the internet to find a review such as the iFOREX review, will be a key to your success. Common Questions and Answers How do I Know if a Broker is Reputable? Forex … [Read more...] about How to Start Trading, Some Key Questions and Answers
Top 4 Investments Every New Parent Should Make
When you’re preparing to have a baby, long-term considerations like paying for college tuition seem relatively unimportant compared to more immediate concerns. Instead, you're likely thinking about nursery room furniture, diapers, formula, and childcare. However, the earlier you begin saving for the future, the better off your child will be in their teens and twenties. Here are investments new parents should make... Top 4 Investments New Parent Should Make 529 College Savings Plan There are two types of 529 plans, prepaid tuition … [Read more...] about
How Do Credit Card Reward Programs Work?
Have you ever wondered what a rewards credit card is and how it works? Read on to learn the basics about rewards cards, their benefits and things to be aware of when selecting or using a rewards credit card. Rewards credit cards simply refer to credit cards that offer rewards and incentives for using the credit card for purchases. These rewards can come in many forms, but they generally include earning reward points or discounts for using the credit card, and depending on the credit card, these rewards points can be redeemed for flights, … [Read more...] about How Do Credit Card Reward Programs Work?
How to Save Money by Quitting Your Vices – Alcohol, Cigarettes, Gambling
When you’re in the midst of budgeting, you might hit a point where you think there’s nothing left to trim from your budget. However, this plateau usually happens because we’re unwilling to compromise on our favorite vices or make genuine progress towards quitting our addictions, such as smoking, caffeine or even technology. How to Save Money by Quitting Your Vices If you’re ready to make some real progress with your financial goals, then here are some strategies for saving hundreds (or thousands) of dollars per year by quitting these … [Read more...] about How to Save Money by Quitting Your Vices – Alcohol, Cigarettes, Gambling
5 Things You Need to Know About Deducting Health-Related Expenses When You’re Self-Employed
Health insurance and medical expenses are complicated. Having to navigate both your own taxes and own health insurance premiums without much external help can be a nightmare if you’re disorganized. Fortunately, the IRS offers many advantages for self-employed folks when it comes to paying for your own health policies instead of having an employer subsidize these expenses for you. While the federal government is currently debating how to overhaul both the U.S. tax code and health insurance legalities, here are the most-recent guidelines on … [Read more...] about 5 Things You Need to Know About Deducting Health-Related Expenses When You’re Self-Employed
Review of Lending Club’s New Car Refinancing Loans
There aren’t too many things in life that are more expensive than owning a car. At least homes and other types of properties are appreciating assets, while a car is a depreciating asset that presumably loses 20% or more of its sale value the moment you drive away from the dealership. Fortunately, Lending Club wants to make car ownership easier with its new auto loan-refinancing program. Say goodbye to application fees, origination fees, and those annoying prepayment fees that other lenders charge to punish borrowers from paying off their … [Read more...] about
7 Simple Ways to Cut the Cost of Your Coffee Addiction Today
If you buy Starbucks every day of the workweek, then you could be missing out on the opportunity to save thousands of dollars per year by switching to cheaper alternatives. Worried about the quality or time-intensiveness of these alternatives? Do you know how to stop coffee addiction? Don’t let these concerns prevent you from saving money because you might be surprised by how similar generic and brand-name coffee varieties taste, and how easy it is to start making coffee for less than $1 per day, instead of shelling out $4+ per … [Read more...] about 7 Simple Ways to Cut the Cost of Your Coffee Addiction Today