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Budgeting, especially for the future can be tricky. Find articles below to help you reduce your spending, save more, understand inflation, know how much you can spend, strategize for emergencies and more.
Your household budget is a foundation of your financial wellness. When working, ideally you are spending less than you are earning and are able to save the balance. When you are retired, you need to be able to plan to spend less over your lifetime than your retirement income and savings withdrawals allow.
Old or young, it’s never too late or too early to prepare for the future, or just to practice healthy financial habits – to have more while spending less. Deacon Hayes and his wife were drowning in debt. They set out to learn how successful people handled their money and discovered they were doing it…
Saving for retirement sometimes takes a bit of creativity. This is especially true if you’ve spent some time with a devil-may-care attitude and are just now getting down to business. You’re not alone, if that’s the case. More often than not, you’ll look for ways to boost savings rather than sit comfortably with what you’ve…
Americans spend too much time focusing on investing, and not enough time understanding or planning for living expenses in retirement, says Jim Koch, principal and founder of Koch Capital Management LLC. “It’s actually quite sad to me that so much time and energy is spent on looking for that home-run stock versus determining all the…
While he was an entrepreneur in the investment management industry, Todd Tresidder noticed a contradiction in what got him to his own financial independence and what was normally taught. From this contradiction, Todd found motivation to create Financial Mentor to teach financial freedom and wealth building. With his economics and investing background, Todd has a…
Natalie McNeal turned being smart with money into a career: She’s the editor of The Frugalista and is always looking for a smart way to save a dollar for the future. She spoke with us about how to change how we view money and better plan for the future. Do you think we spend too…
If you ask Jason Vitug, financial literacy is the single most important issue in America, impacting our life and economy. “The unfortunate reality is that we aren’t taught about money at school,” he says. “We learn how to calculate the circumference of a circle but not about compound interest.” And while government organizations and nonprofits…
Miron Lucic always thinks ahead. On his blog SuperMoney, he’s constantly on the cutting edge of retirement planning, among other financial topics. He laid out for us how to plan for your retirement while balancing your other financial needs. What are some mistaken beliefs about retirement planning you often see? Probably the most common misconception…
Generating enough income to live comfortably during retirement is one of the biggest challenges that every American may face later in life. In 2014, the Insured Retirement Institute (IRI) asked Baby Boomers what they considered their top-five retirement income sources. They found that Social Security tops their list. In fact, research shows that 65% of…
AARP senior discounts used to be one of the only ways to save money. Now online coupons and discounts can be found on anything and everything and are a great way to save money on retirement expenses. Here are a few of the strategies and sites we think are best. • Search for Specific Discounts:…
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