How to Close the Bank of Mom and Dad
Parents are and always have been an immediate financial resource for their children, even if their children are grown adults in their 20s, 30s and even 40s. Regardless of relation, parents should not be viewed as a bank. Part of being an adult is independence, financial and otherwise. Here’s how to close the Bank of […]
Don’t Wait Until You Hit Rock Bottom to File Bankruptcy
You don’t have to be penniless to file bankruptcy. You don’t have to have your back against the wall. And you don’t have to lose everything to get a financial fresh start. Don’t wait until you hit rock bottom to file bankruptcy. Don’t deplete your savings trying to avoid bankruptcy 57 percent of Americans have less […]
How to Build an Emergency Savings Fund
A recent study found that 57 percent of Americans have less than $1,000 in savings, while 69 percent have less than $5,000. That’s not enough to get you through an emergency. Here’s how to build an emergency savings fund. Emergency savings promote financial well-being No one knows for certain what tomorrow will bring. But we can […]
Top 9 Financial Fears of Americans
An early 2016 study by insurance and investing behemoth Northwestern Mutual revealed some interesting insights into several issues impacting people’s long-term financial security. Here are the top 9 financial fears in America. The 9 Biggest Financial Fears for Americans Number One and Number Two on the list of biggest financial fears are really just the same thing: […]
Student Loans Jeopardize Retirement for Older Americans
Retirement is supposed to be a time to leave behind the hassles and stress of the workforce. In many ways, retirement is the reward for a lifetime’s contribution to the economy and country. We usually consider student loans to be a problem for the young. But today’s retirees increasingly face crushing student loan burdens. Believe […]