Category Archives: Personal Finance

Yours, Mine, and Ours : Joint Accounts

Cheerful mature couple embracing by the beach

By Jurissa Ayala

According to Kansas State University researcher, Sonya Britt, arguments over money are top predictors of divorce in relationships – by far. Those small disagreements over how money is spent in the beginning of the relationship become major bones of contention as the relationship progresses.

It’s also why it’s so important to get a handle on money management early in the relationship – before the fighting begins. There are many ways couples can go about this.

Continue reading

Six Finance Tips for Every New College Student

13905987989_4d0401eb9f_z

Financial stress is a part of life, and college life is no different. Whether a student has parents who pay for many expenses or parents who encourage economic independence, every student should learn and practice some basic financial principles to keep them afloat during school and prepare them for the future.

Learn the difference between wants and needs.

Setting priorities is crucial for financial success. Think about the most basic needs you have: food, clothing, housing, safety, etc. Create a list of must-haves on which you’re unwilling to compromise but be willing to make some sacrifices. Continue reading

How You’re Shooting Yourself In The Foot Financially

Feel free to use this image, just link to www.SeniorLiving.Org

PHOTO: SeniorLiving.Org

Making consecutively poor spending decisions can leave you drowning in a sea of debt. The following article explains the most common ways you could end up shooting yourself in the foot financially.

Making Too Many Small Purchases and ATM Foreign Withdrawals

You may be good at keeping up with big expenditures but not so good at monitoring your spending habits when making small purchases. Small purchases can quickly add up, especially when they’re made on impulse or done by habit. Continue reading

Five Tips For Resisting The Urge To Spend Frivolously

6355840185_8e1c4d8f11_z

In this day and age, spending money like water often seems like part of the American way. Unfortunately, it’s this kind of frivolous spending that gets so many people deep in debt and cripples their ability to save money for their future security.

In order to combat the problem, it’s necessary to rethink the way you spend money. Here are some tips that can help you achieve this. Continue reading

Keeping The Debt Hounds At Bay

12696360474_2376446bb7_z

Maybe you’re a new graduate embarking on your first full-time job. Or, after much effort, you’ve managed to pay off all your credit card charges. Or you’ve just gotten a big raise, so that your income comfortably exceeds your expenses.

Isn’t it great not having to worry either about having to pay interest or whether you’ll have the money to meet next month’s bills? If you want to keep yourself in your happy state, follow these tips for staying debt-free: Continue reading

Personal Finance Goals For Every Stage Of Life

6551534889_9c8ae52997_zr

Whether you are a teenager or about to retire, it is important that you are able to manage your money effectively. Although your financial goals may be different as you get older, it is never too early or too late to learn and master sound fiscal habits.

Let’s take a look at some common financial goals and how you can achieve them. Continue reading

Three Horrible Financial Decisions to Avoid This Summer

One of the most shocking pieces of information that most people eventually discover is that their spending habits can literally control their lives.

While most people want to believe that they have full power over what they spend, habits are what truly set the pace for what ends up being spent or saved. Realizing that habits have a dramatic impact on how much money we have is the first step in taking control, but after that, critical decisions must be made in order to create a life of wealth and freedom.

This summer, avoid making terrible financial decisions by understanding how to get rid of the worst of the offenders. The following three bad decisions are some of the worst that can be made, and anyone would be wise to eliminate them from their day-to-day habits. Continue reading