The money personalities of Savers and Spenders don’t have to cause stress in a marriage (though they often do). These psychology tips can help married couples manage their finances with minimal or no conflict; they’re based on advice from “The Money Couple” and authors of First Comes Love, Then Comes Money (Harper Collins 2009), Scott and Bethany Palmer. Recognize Different Money Personalities The first tip for resolving financial conflict in marriage is to become aware of how Savers and Spenders view money. It doesn’t help to keep fighting about the credit card bills or mortgage payments! What may work better is to talk about how parents, childhood experiences, and marriage affect spending and saving habits. To peacefully manage finances, both spouses need to be aware of how the pas
Have you ever wondered where your money is going every month? After paying the bills, covering unexpected expenses, putting some money aside for savings and having some fun, it can feel like your money disappears almost faster than you can earn it. It’s very easy to get caught up in the cycle of staying afloat — but this does little to help you move toward your larger goals. The first step toward accomplishing what you want financially is setting realistic, motivational goals to help you take steps to get there. Here are five tips to help you get started. Put Your Plan on Paper According to research from Charles Schwab, only one in four Americans have a written financial plan, but “those who do exhibit positive investing and saving behavior.” It may seem like enough to
Senior citizen Are you an Indian above 60 years of age? Great! Citizens above the age of 60 years are known as senior citizens in India. You can avail of all the benefits which a senior citizen enjoys in our country. The most crucial advantage a senior citizen can avail is higher interest rates on term deposits. Financial bodies like banks and NBFCs offer this advantage. If you choose to invest your funds in these financial bodies as fixed deposits, you can expect a higher interest on your FD. Fixed Deposit for Senior Citizens The Senior Citizen Fixed Deposits (FD) are term deposit plans which are customized for you to give you maximum returns on your investment. FDs have become an attractive investment option for senior citizens because of the safety of the invested amount and v
Have you suddenly found yourself mired in debt? With the increasing cost of everyday expenses, this uncomfortable situation can easily happen to anyone. Unfortunately, the damage that being in excessive debt can do to your financial and mental health is quite significant. Thankfully, there is hope for those of us in such a situation. Choosing to consolidate your debt is one of the most effective ways of bringing your finances back into good order. If you are unfamiliar with the process of debt consolidation, then informing yourself about the process is the first place to start. To provide you with some context, let’s look at some of the specific benefits of consolidating your debt. Pay Back Your Debts At A Lower Interest Rate One of the biggest advantages of taking out a debt c
The iFOREX trading app is provided by one of the most well-established brokers providing a robust customer experience. Their trading platform is web based, and straight forward. The have a large outreach and offer their platform in several different languages. They have a plethora of trading products, offering nearly 90-currency pairs. Their research and trading tools are a strong point, and they get high scores on their educational tools. Investment Products iForex app provides a wide range of investment products offering 88 currency pairs and dozens of indices. The company offers several different commodities as well as equities, ETFs and cryptocurrencies. The ETFs include indices as well as sectors ETFs. This provides traders with the opportunity to trade pairs withing sectors, a ...
The 2008 financial crisis was a wake-up call for anyone with money in the stock market. The crash took off nearly 40% of the S&P 500’s value and everyone who had most of their money in stocks or mutual funds took a major hit to their finances. It would be years before indexes rose again to match what had been lost that year. The shakeup became a pivotal moment for high net worth investors and anyone who wasn’t content to watch their wealth disappear in the blink of an eye like that. Knowing that economies are cyclical, and the next market crash is always waiting around the corner, savvy investors started looking for alternative assets. Although prone to their own cycles and speculative bubbles, these had to be assets that operated differently than the stock market. They neede