Financial articles from around the web.
From Money Talk News:
10 Ways to Say No to Your Kids, and Why You Shouldn’t Feel Bad When You Do
When I was growing up, my parents had two rules for shopping: Don’t
ask for something that isn’t on sale, and no candy from the checkout
aisle. If I wanted candy or full-priced cookies, I had to pay for it
myself out of the measly pittance they called an “allowance.”
the time it seemed unfair. Why do they keep saying no? How can anyone
survive on $20 a week? But now I know not to waste money and I have no
problem saving up for what I really want. Looking back, I’m grateful,
but it couldn’t have been easy for them...
From Daily Finance:
3 Retirement Planning Tactics to Adopt Before You Hit 50
Well over half of Americans now in their 40s
are at risk of experiencing a decline in their standard of living after
they retire, according to the Center for Retirement Research at Boston
College. But adopting the right retirement planning strategies at this
phase of your life will help you avoid financial disaster in your golden
Here are three retirement strategies to deploy before blowing out your 50 birthday candles...
From Money Crashers:
8 Financial Tips for College Students to Save and Manage Money Better
If your child is one of the millions of college freshmen headed off
to school, your August might be packed with shopping, gathering
textbooks, and packing up entire rooms. And while picking out the
perfect dorm decor might seem important, don’t neglect the deeper
Now is the time to talk to your child about personal finance. As a parent, you have the opportunity and obligation to prep your freshman on budgeting and smart spending strategies before he or she hits campus...
From Wise Bread:
3 Ways to Save Hundreds (or Even Thousands) of Dollars Without Thinking
Looking for simple ways to save more money that don't take a lot of
work? Here are three ways to put more money in your pocket each month
without having to dramatically change your behavior...
From Free Money Finance:
Why I Invest in Index Funds
have a good portion of my assets in index funds of various kinds (US
stocks, international stocks, small cap, etc.) Today I would like to
give the reasons I have used index funds as my primary investment
vehicle for 15 years or so...
From Wall St. Cheat Sheet
Planning for Retirement? Social Security Will Cramp Your Style
There’s a lot to be said about the aggregate retirement situation in America right now. According to a report published last year by Iowa Senator Tom Harkin, Americans are running a collective deficit — the difference between what people have save and what they should have saved — of $6.6 trillion.
Half of Americans have less than $10,000 in savings, according to the
report, and a full 92 percent believe that there is a growing retirement
crisis. (Savings estimates tend to vary wildly.) By and large, the data
supports the pessimistic theory that there is a retirement crisis
brewing. The personal savings rate in the United States right now is about 4.5 percent, nearly half the rate recommended for those with 40 years left until retirement...