Five Personal Finance Tips for Young Adults
As a young adult, navigating the world of personal finance can be challenging. You may be starting your first job, dealing with student loans, and trying to figure out how to save for the future. However, developing good financial habits early on can set you up for...
Money Saving Strategies For Businesses To Follow
As the economy struggles, many small business owners are looking to improve their efficiency and increase their profits. Although there are plenty of ideas in books and articles about improving your company's efficiency, it's essential to consider other cost-saving...
What is Long-Term Investing?
Investing involves putting your money into something in the hopes of generating a positive return. While some forms of investing are short-term, the greatest returns often come from long-term investing. What Are Long-Term Investments? A long-term investment is...
How History Changes Our View of Finances
Paying attention to history helps people avoid the mistakes of the past. Luckily, when it comes to finances, there are many past examples of how not to use your money. You Should Maintain an Emergency Fund The Great Depression taught Americans the importance of...
Why You Should Have a Personal Financial Strategy
Trying to achieve a financial goal without a plan increases your risk of failure. Here are a few reasons why you should develop a personal financial strategy to make better use of your money. Realistic Goals Provide a Clear Vision of Success Creating a personal...
What to Look for in a Financial Advisor
Working with a professional may help you achieve your financial goals. Use the following guide to learn what to look for when choosing a financial advisor. Certification for Financial Advisors Financial advisors need certain certifications to offer their services to...
Business Tax Strategies to Implement
With the right tax strategies, business owners can receive a larger refund from their federal taxes. Pay close attention to the following deductions and tax tips to save more during your next tax filing. Deduct Business Property The section 179 deduction allows you...
Sacrifices to Make for a More Stable Retirement
Most people hope to have a comfortable retirement with no financial worries. Unfortunately, about 50% of adults have no retirement savings. Here are a few tips to start planning for a more stable retirement. Give Up Luxury Goods and Services Some of the first...
Which One Is Best for You: A Credit Union or a Bank?
It's a common misconception that a credit union and a bank are both the same, but they are very different. A major difference is that credit unions are not-for-profit financial institutions with members who typically share a common bond. On the other hand, banks have...
How to Strategically Pay Off Student Loans
Make Additional Payments You should make larger payments to cut down the principal and reduce the payback period for the loan. When people begin paying off their student loans, they only make one or two small payments per year. These payments usually amount to about...