money management Archives

May122020 by David KollerNo Comments

Finding Ways to Adjust to Retirement

General

Whether you choose to retire or were forced into it before you were ready due to illness or another reason, retirement might be different than what you expected. Some seniors find themselves feeling lost and bored as there is no longer a job that they “have” to go to each day. When you retire, whether by choice or not, you want to make sure that the years are happy and healthy. These tips can help you plan now to adjust better to this later phase of life. Have a Budget A concern that some older people have is whether they have enough money to live on. Eliminate this worry by creating a monthly budget, and the sooner you do so, the better. Money management is a skill that you can hone so that your spending never gets out of hand, and you save regularly. It can be as simple as pre-au...

Oct312019 by Paul LinusNo Comments

Money management and good relationship for young couples

Lifestyle

How do young adults manage money? How do you handle finances in a relationship? Every new relationship is full of hope and love. Unfortunately, these two are not enough to sustain a relationship. True, talking about money can be uncomfortable, especially for partners in a new relationship. But if both partners are in for the long haul, they do need to communicate clearly with each other about money management. The following suggestions may be useful for new, young couples to manage financial problems. Financial planning for newly married couples Very often, partners in a relationship do not share the same attitude towards spending, saving, budgeting and investing. And arguments revolving around financial issues can break a relationship quite easily. That’s why it’s important f...

Dec172018 by Ryan FitnessgoalsNo Comments

5 Money Management Tips For Married Couples

Finance

Did you know that money is the number one thing married couples fight over? According to a survey by Ramsey Solutions of over 1,000 U.S. adults showed that they had an average of $30,000 in consumer debt. Of those that have consumer debt, 41% argue about money. Money is an integral part of the marriage which needs to be dealt with early enough to avoid divorce cases. In the survey, it shows that the younger generation is into more debt which is a cause for alarm. Now, more than ever, there’s a need to streamline your financial issues as a married couple. So how do you approach your money issues for the better? Be Open About Finances You should have talked about finances before getting married. However, if you haven’t, it is never too late. Discuss with your spouse and get to...

May82017 by Paul LinusNo Comments

How To Save Money At Younger Age

Finance

If you are in your 20s and think savings should not be cup of your now as retiring is decades away, you are wrong. You should start your savings now. Below are two major ways how you can start. Control spending It is an universal suggestion to have a control on spending. Making purchases is very spontaneous if you are in your 20s. Try to carefully track your purchasing and know in which segment you are spending the most, and whether the money spent is needed or worth. Financial advisers suggest to curb day-to-day spending habit like dining out in an expensive restaurant may cost you huge in five years. If you come to know the figure, you will stop spending so much on eating outside. It is also suggested to wait for at least 72 hours before making impulse buying. This will g...