We 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 […]
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Wednesday’s need-to-know money news
Today’s top story: Apps to help you manage your household finances. Also in the news: Why not saving enough for retirement in your 20’s could spell doom, what college students need to know about money, and the pros and cons of using balance transfers to pay down credit card debt. The Best Tools for Managing […]
Tuesday’s need-to-know money news
Today’s top story: How to take the fear out of budgeting. Also in the news: Finding everyday opportunities to teach kids money smarts, how to retire comfortably, and how to break your income addiction before you retire. 10 Ways to Take the Fear Out of Budgeting The payoff is worth the effort. Using Everyday Opportunities […]
Monday’s need-to-know money news
Today’s top story: How to shave years off of your mortgage. Also in the news: When refinancing your student loans is a bad idea, how to reach your financial goals by using the car pedal system, and why it’s time to prepare for the robo 401(k). How to Shave Years Off a 30-Year Mortgage How […]
Q&A: How to get millennials to save for retirement
Dear Liz: We have 90 employees, many of them millennials, and only about 30% take advantage of our retirement plan. What resources and advice can I use to get our employees to take control of their retirement future? Answer: The youngest generation of adults and near-adults vividly remembers the stock market crash and financial turmoil […]
Q&A: How to pay down debt
Dear Liz: I am wondering about what to do with some debts I have due to divorce. I make about $50,000 a year and owe $50,000 in credit card debt, attorney’s fees and back property taxes. The good thing is that I own a house free and clear that is worth about $2.5 million. The […]