Sunday, March 24, 2019

3 Reasons to Retire as Early as You Can

3 Reasons to Retire as Early as You Can: Retiring early might be a pipe dream of yours -- and one you assume you'll never realize. But 37% of workers have retired earlier than they had planned to, per the Center for Retirement Research, and that might happen to you, too.

Whether you plan to retire early or not, here are three reasons to contemplate doing so. See if they apply to you.

Saturday, March 23, 2019

Financial planners: The best way to build wealth is automatic savings - Business Insider

Financial planners: The best way to build wealth is automatic savings - Business Insider: You don't have to strike gold in Silicon Valley or make it big on Wall Street to get wealthy. In fact, there's an even easier way: Save early, consistently, and automatically.

Most Americans Won’t Be Paying Off Their Credit Cards Anytime Soon - SGT Report

Most Americans Won’t Be Paying Off Their Credit Cards Anytime Soon - SGT Report: Americans owe over $1 trillion in credit card debt and recent polling data indicates they aren’t paying off those balances anytime soon.

According to a CNBC article, nearly half of all Americans carry a balance on their credit cards. Of those, only 30% say they will be able to pay off that balance within the next year.

Thursday, March 21, 2019

How to open and use a health savings account

How to open and use a health savings account: More and more Americans are using a health savings account (HSA): As of January 2017, 21.8 million people had opened a HSA, a 9 percent increase in enrollment from 2016. Besides being a good way to save money on health care costs, HSAs can supplement your retirement savings.

Wednesday, March 20, 2019

Tuesday, March 19, 2019

12 Money-Saving Tricks Every Homeowner Needs to Know

12 Money-Saving Tricks Every Homeowner Needs to Know: Food delivery apps and little robot vacuum cleaners have made dinnertime and cleaning easier for homeowners -- but takeout and gadgetry can get expensive. Lucky for you, there are plenty of ways to save money around the house that are pretty easy, too.

Monday, March 18, 2019

How to make a $3,450 tax deduction with a Health Savings Account - MarketWatch

How to make a $3,450 tax deduction with a Health Savings Account - MarketWatch: Health Savings Accounts (HSAs) are a tax-smart deal if you qualify. You may even be able to open one up now and claim a nice deduction on your yet-to-be-filed 2018 Form 1040. Here’s what you need to know.

Opening up an HSA involves taking more responsibility for your own health-care costs instead of relying on an employer or the government. The payoff involves some nice tax advantages.

Sunday, March 17, 2019

How Does Your Income Stack Up Against the Average American? -- The Motley Fool

How Does Your Income Stack Up Against the Average American? -- The Motley Fool: It's been 10 years since the Great Recession derailed American workers with job losses and pay cuts, making it the perfect time to check in on the state of the average American's income. After all, the U.S. economy's decade-long expansion has pushed unemployment rates to new lows, so wages must be soaring, right?

Friday, March 15, 2019

Here's the main reason Americans are struggling to save money

Here's the main reason Americans are struggling to save money: More than one in five working American adults, or 21 percent, don't set aside any of their annual income for short-term or long-term goals.

That's according to a new survey from Bankrate.com, which asked 1,000 of them how much of their annual income they save for retirement, emergencies and other financial goals.

Thursday, March 14, 2019

Millennials See a Cashless Future but Lack Credit Knowledge: Study | ThinkAdvisor

Millennials See a Cashless Future but Lack Credit Knowledge: Study | ThinkAdvisor: Millennials need guidance when it comes to building and maintaining healthy credit habits, TD Bank reported Tuesday.

This comes at a time when four out of five millennials believe society will eventually become cashless.

A TD Bank survey found that 23% of millennials do not have a credit card, and are the age group most likely to prefer cash while traveling.

Wednesday, March 13, 2019

15 Quick Ways to Save More Money Starting Right Now

15 Quick Ways to Save More Money Starting Right Now: The U.S. does entertainment, higher education and hamburgers better than just about anybody. However, most Americans do an abysmally poor job of saving money.

Tuesday, March 12, 2019

5 Easy Ways To Save Money On Rentals | CNA Finance

5 Easy Ways To Save Money On Rentals | CNA Finance: Renting is a common occurrence for many of us and it’s so easy to overpay or spend too much. Consider these 5 easy ways to help renting not be as expensive.  Shop around There are so many opti…

Monday, March 11, 2019

5 Money-Saving Tips That Don’t Work

5 Money-Saving Tips That Don’t Work: Saving money is no easy feat, especially when life's bills and temptations get in the way. But without savings, you risk racking up debt the next time an emergency strikes, or falling short on retirement income and struggling during your golden years. Now if you comb the internet for money-saving advice, you'll see that there's plenty of it out there. But here are a few tips you definitely shouldn't rely on.

Sunday, March 10, 2019

What does it mean to be frugal? | WTOP

What does it mean to be frugal? | WTOP: Frugality sometimes gets a bad rap. It’s often seen as self-sacrifice. Frugal behavior is often viewed as giving up things you really care about in order to save a trivial amount of money. It’s often seen as being the opposite of fun.

Those characteristics might be accurate if frugal behavior is taken to an extreme. But those extremes undermine what frugality is all about.

Frugality is actually about aiming to get maximum value out of your money. It doesn’t mean that you don’t spend money on things that are important to you. It means that you don’t spend money on things that are not important to you.

Thursday, March 7, 2019

Mortgage rates throttle higher, snapping a 4-week streak of declines - MarketWatch

Mortgage rates throttle higher, snapping a 4-week streak of declines - MarketWatch: The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, mortgage guarantor Freddie Mac said Thursday. That was up six basis points during the week, and marked only the second time that the popular product has eked out a gain in 2019.

Tuesday, March 5, 2019

To save time and money, companies roll out caregiving benefits

To save time and money, companies roll out caregiving benefits: When Laura Hirsch of Keller Texas had to find a rehabilitation center to help her father recover from a difficult surgery in September, the caregiving service Cariloop saved her a whole day.

A case manager at Cariloop, based in Richardson, Texas, sorted through more than a dozen rehab facility options, then armed Hirsch with the right questions to ask when choosing among the final contenders.

Hirsch, 55, saved time, and was also grateful to be relieved of the emotional burden of visiting subpar facilities to cross them off the list.

Monday, March 4, 2019

4 Power Moves To Save More For Retirement

4 Power Moves To Save More For Retirement: While the math is pretty durable -- the more you save, the better off you'll be -- that's not enough for most savers. They'll need that extra nudge.

Saturday, March 2, 2019

4 Simple Tricks For Saving More Money -- The Motley Fool

4 Simple Tricks For Saving More Money -- The Motley Fool: Saving money cam be challenging no matter how much you earn. After all, you probably have a lot of immediate expenses, and can think of many more fun things to do with your dollars than stick them into a savings account.

Friday, March 1, 2019

Things I'd have done differently while saving money to retire at 38 - Business Insider

Things I'd have done differently while saving money to retire at 38 - Business Insider: My husband Mark and I retired early a little more than a year ago, when I was 38 and Mark was 41, after saving aggressively for six years.

Along the way, we made plenty of mistakes, both financial and mental. And if I can spare you a little stress by sharing them, then I'm glad to do it! This is what we'd change if we got a do-over, some of which I discuss in more detail in "Work Optional: Retire Early the Non-Penny-Pinching Way."