Financial literacy is the ability to understand and use money skills to maintain your personal finances. This mostly applies to simple money skills the everyday person uses, like building a grocery budget and saving for a rainy day and retirement. Our first experiences with money typically begin when we get our first allowance or cash
The post 2020âs Most and Least Financially Literate States appeared first on MintLife Blog.
So much of financial success involves good habits practiced over long periods of time.
Yes, you can still have a positive impact on your financial future if you’re starting late in life — but if you’re 59 years old and just beginning to think about financial freedom, you have a lot of work to do.
But if you’re 19, you have an extra forty years to set yourself up for financial success. This extra time makes a ginormous difference!
Next week marks my two-month anniversary at my new job. Huzzah! In addition to celebrating my new, higher salary, I am also feeling simultaneously challenged and less stressed.
I feel challenged because my new job is in an entirely different industry than my former position. But I’m definitely less stressed because the performance expectations are reasonable and my colleagues are fun and friendly. I may even be celebrating a new coworker soon, since the friend who got me into SEO in the first place (and who was also one of my professional references for my current position) has applied for a job in my department.
While all of these are good things, one aspect of my job transition that was less than festive was the Consolidated Omnibus Budget Reconciliation Act (COBRA) insurance process. Since one of the features of an improved economy is an increased willingness to switch jobs — or even to leave a current job without having another lined up — I thought I would share my experience with COBRA.
It’s hard to turn anywhere these days without hearing about the housing market slowdown, sales slumps or…
Have you ever created a budget for a trip and noticed a huge gap between what you need and what youâre earning? âHow on EARTH can I possibly make that extra money?â you think to yourself. Youâd be surprised to learn that there are a ton of ways to save, some of which you might
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Car insurance for teens can be expensive, but you can cut costs without cutting coverage. The key: look for specific discounts geared towards young drivers.
The post The Best Cheap Auto Insurance for Teens appeared first on The Simple Dollar.
In a nutshell: By diligently applying four simple rules, you can move from being at the mercy of money to being a master of money.
In 2004, Jesse and Julie Mecham were twenty-year-old newlyweds trying to make ends meet. They lived in the 300-square-foot basement of a sixty-year-old home. He was pursuing a master’s degree in accounting, while she was finishing a bachelor’s degree in social work. Plus, they were planning for their fist child.
The Mechams felt flat broke.
But because Jesse was (and still is) a self-proclaimed “numbers nerd”, he decided to create a spreadsheet to budget for every day of the year. The couple steadfastly stuck to their budget, and something surprising happened. Despite their meager circumstances, they no longer felt desperate about money. They paid their bills and still had a little left over for a couple of date nights each month.
Later, while brainstorming ways to earn extra money, Jesse wondered if other people would be interested in his budgeting method, which involved four simple rules. He started teaching others these rules and sharing his spreadsheet. In time, that spreadsheet morphed into a piece of software called You Need a Budget [my review].
Today, You Need a Budget is one of the most highly-regarded personal finance apps available. (Seriously. Everyone who uses it seems to love it. Its users are die-hards.)
In his recent book — also called You Need a Budget, naturally — Mecham shares the method that has helped him (and thousands of others) overcome financial anxiety. Let’s take a quick look at the YNAB method.
Investing in ETFs, purchasing fractional shares, and funding an IRA are just a few ways you can invest $1,000 right now.Investing in ETFs, purchasing fractional shares, and funding an IRA are just a few ways you can invest $1,000 right now.
The post Best ways to invest $1,000 right now appeared first on Money Under 30.
Investing in ETFs, purchasing fractional shares, and funding an IRA are just a few ways you can invest $1,000 right now.Investing in ETFs, purchasing fractional shares, and funding an IRA are just a few ways you can invest $1,000 right now.
The post Best ways to invest $1,000 right now appeared first on Money Under 30.