Life insurance is an important part of your financial life if you support a family. Primary income earners, caretaking spouses, and other household contributors need life insurance to protect their family from an unexpected loss of income in most cases. Unless you have enough money saved to self-insure, you need life insurance. Follow along with […]
On June 6, 2018, I participated in a program called FinX at the annual Center for Financial Services Innovation’s annual Emerge conference. Part of the conference included a pre-conference session called FinX. In FinX, I joined two other participants in a list of tasks including cashing a paycheck, sending a money transfer, using a pre-paid […]
A recent study found that 61% of Americans don’t know how much money they need to retire. This concerning statistic highlights a major problem with retirement savings in the United States. A huge number of Americans have little to no retirement savings despite advice to stash away cash for a comfortable future. Let’s look at […]
For three years in a row, American adults have the same top financial regret. A May 2018 survey from Bankrate looks at the top financial regrets among Americans and how they deal with those financial regrets. By looking at the most common regrets, we know where we can best focus our future efforts on our […]
School bells are ringing for the last time this school year. Kids and their families are looking forward to a great summer season filled with warm weather, fun activities, and maybe even a vacation. But that summer vacation may be more expensive than many can afford. Recent data from Bankrate shows that nearly one-quarter of […]
What does it mean to be “rich?” Does it mean an ability to afford basic needs like a home, clothing, and food? Is it an arbitrary earning rate, like $100,000 per year or $1 million per year? Is richness measured by how much money you have in the bank? While there may not be a […]
There are lots of reasons these days why people have tight budgets. Although sometimes it’s because of poor planning, it could just as easily be caused by unforeseen circumstances. No matter what the reason, you don’t have to start selling things you need for a fraction of their value. Instead, try some of these ideas […]
Financial infidelity means keeping a money secret from your spouse. With a divorce rate today of about 50 percent, any form of infidelity could easily lead to a relationship breakdown. And while a little white lie about money may seem like no big deal, but financial infidelity is as serious as any relationship secret. Let’s […]
Most logical people would argue that two people doing the same job should earn equal pay, but we know that is not always the case. In many roles at many companies, women are paid less than men for doing the exact same thing, which is known as the gender pay gap. While we know this […]
When you’re faced with budget difficulties, other well-meaning people suggest cutting expenses. But sometimes that simply isn’t enough of a solution. The next common piece of advice you’ll likely get is to start a side hustle and earn more money. Unfortunately making that choice can really cut into family time. It may also be tough […]