Wednesday’s need-to-know money news

Today’s top story: Why couples need their own slush fund. Also in the news: 5 signs it’s time to break up with your financial advisor, easy home touch-ups to bring in more buyers, and the dark reason so many millennials are miserable and broke.

Why Couples Need Their Own Slush Funds
Separate doesn’t have to mean secret.

5 Signs It’s Time to Break Up With Your Financial Advisor
What to look out for.

Easy Home Touch-Ups to Bring All the Buyers to Your Yard
Giving your home more curb appeal.

The dark reason so many millennials are miserable and broke
Social media is taking a toll.

Wednesday’s need-to-know money news

Image9Today’s top story: Summer tax tips to avoid surprises in April. Also in the news: Common savings mistakes you can fix right now, why mobile banking is only as safe as your app, and four ways Millennials are smarter about money than Baby Boomers.

5 Summer Tax Tips to Avoid Surprises in April
It’s never too early to start.

3 Common Saving Mistakes You Can Fix Right Now
Easy fixes.

From download to deposit, mobile banking only as safe as your app
Protecting your information.

Four Ways Millennials are Smarter About Money Than Boomers
They’re all about the budgets.

Thursday’s need-to-know money news

interest-rates-300x225Today’s top story: How to find the best mortgage interest rate. Also in the news: How to financially prepare for a spouse’s deployment, the biggest credit card mistakes made by millennials, and where to find the best St. Patrick’s Day deals.

How to Score the Best Mortgage Interest Rate
Finding the best interest rate on a mortgage that suits your needs.

How to Plan Financially for a Spouse’s Absence
Getting your finances in order before a spouse is deployed.

The 4 biggest mistakes millennials make when it comes to credit cards
Mistakes that can have long-term consequences.

The Best St. Patrick’s Day Sales and Deals of 2016
There are deals to be found at the end of the rainbow.

Before Filing Your Taxes With IRS, Consider This
There’s such a thing as too much information.

Are you saving too much?

Zemanta Related Posts ThumbnailWe know Americans aren’t great at math, so there may be people taken in by a column headlined, “If you have savings in your 20s, you’re doing something wrong.” The post went viral, leading to counter-posts by virtually everyone in the known universe who understands how money works.

Bottom line: You can’t ignore the power of compounded returns. If you don’t know why that’s so important, Google it or read this column by Michelle Singletary in the Washington Post: “In your 20s? Don’t squander your biggest asset: time.”

Carpe diem isn’t exactly a new idea. Since the beginning of time (or at least since the invention of money), people have argued that living for today is far more important than saving for tomorrow. But smart folks do both. I traveled a lot in my 20s and 30s, including a trip around the world, and did other expensive things like learn to fly an airplane. But I also saved money–a ton of money–for retirement. And now, decades later, I have a lot of options that people who got a late start saving for retirement don’t have. I can retire early or cut way back on our savings, and we’ll be fine.

It is certainly possible to save too much, but it’s not that common. If you’ve maxed out all your retirement savings options and are looking for additional ways to save, maybe it’s time to think about loosening up (unless you’re making up for a late start). But we’re certainly not facing an epidemic of over-saving–among young people or anyone else.