Figuring how to save money really isn’t all that difficult. One of the most challenging aspects of it is to simply get started! But that's the good news. Once you get going, there are so many quick and easy habits that you can adopt that will keep you on the right path. As your wealth grows, that's when you can really start to utilize it to put your fortune building into high gear! But before we do all that, you have to start with the basics. So with that said, here are some great tips on how you can create a realistic and adequate savings plan. 1. Figure Out Your … [Read more...]
Technical vs. Fundamental Analysis Trading – A Beginner’s Guide
There are only two main schools of concept and thought when we talk about the financial markets—is it Technical Analysis and Fundamental Analysis. In technical analysis, the movement of the price of a specific security is the main focus so we can use this information to make an informed prediction or guess for its price movements in the coming days, months, or years. On the other hand, fundamental analysis focus on “fundamentals” which are the economic factors. The trading industry is ever-changing, but these concepts and schools of thought are here to stay. Whether you are into forex … [Read more...]
Divorce in Retirement: Can it Affect Social Security?
You’ve spent much of your life looking forward to a relaxing retirement. And your spouse probably figures prominently in those retirement fantasies. So a divorce in retirement can mark not only a major transition, but a seismic shift in your sense of self. You might feel like your dreams have been thwarted, and maybe even like your life as you know it has ended. It has. That doesn’t mean you won’t rebuild. You should know, however, that a divorce in retirement can affect your finances in ways that reverberate for the rest of retirement. Here’s what you need to know about how a divorce can … [Read more...]
How to Make the Most of Pet Insurance
There’s no question that the cost of veterinary care is on the rise. In fact, a recently released report suggests that pet owners may end up spending more money on the health of their pet than they do on their own healthcare. That’s a surprising figure, especially considering that this particular report was issued in the United States, where healthcare is already prohibitively expensive for a large swathe of the population. In many other parts of the world, people enjoy more comprehensive healthcare coverage – but these same rights, of course, do not extend to their pets. This makes … [Read more...]
How to Become Financially Independent for the Rest of Your Life
Everyone dreams of doing what they want, when they want, and where they want, right? But, while becoming financially independent is a goal of many, it seems almost impossible. While there’s not really a set definition for what constitutes financial independence, it is when you have reached the point that you have enough money saved up that you can live off of it for the rest of your life. Reaching financial independence is possible. It’s simply a matter of setting your priorities straight. It’s definitely not an easy task, and it will take you some time, but it can be done. The … [Read more...]
How to Be Responsible When Getting a Personal Loan
For those new to the world of credit, a personal loan can be a great alternative to credit cards. Not only are personal loans simpler and more transparent than credit cards, they offer better rates too. Additionally, you can spend time looking for the right personal loan without it taking a toll on your credit score. This extra time to think is very important because successful and responsible borrowing is always achieved through careful planning. In fact, without proper planning it can be said that getting a personal loan becomes no better than the credit card route. This … [Read more...]
How to Start Saving for Retirement at 50 and Still Be Prepared
Spending lavishly and not thinking of your future expenses or retirement benefits can put you in a great fix. Proper planning of your finances at an early age, preferably right from the time you start earning is the right way to secure your finances. Though most people have a retirement savings planned on early in life, there are some who neglect the retirement needs totally. If you belong to the latter category and think it is too late to start saving for retirement at 50, fortunately you can still do it! It’s high time you devoted some attention to your financial planning. Even if you … [Read more...]
What Makes a Good Life Insurance Company?
It’s easy to get into the habit of assuming that all large insurance companies are the same. In many ways, they are similar because they have huge portfolios and they come with the stability needed to give you peace of mind. The large insurance companies do have differences between them, though. Take Colonial Penn Life Insurance and Transamerica as two examples. They both have different terms within their policies and different reputations. Time in Operation Particularly in an industry like life insurance, the length of time an insurance company has been in operation is a huge … [Read more...]
How To Choose A Place To Retire On A Small Budget
If you’re looking for a good state or region for living in retirement, with dollar stretching in mind, you’ll find many attractive and interesting choices available. In fact, when you research this topic, you’ll be amazed at the number of list articles on the best places to retire. There are quite a few great places to enjoy your golden years while keeping your costs under control. As a Baby Boomer who has survived the financial crisis, you may now be looking for a new home rather than staying in your current location. People approaching retirement have widely different goals when it comes … [Read more...]
Lending Money is a Business, Not a Charity
Unlike when you borrow an item from a friend or a family member, such as a video game or a cooking utensil, borrowing money from a financial institution is a business matter. There are many laws that govern the business of lending so that lenders are less likely to lose their money and borrowers are not tricked into taking out predatory loans. Different types of loans will have different requirements you'll have to meet, depending on their amounts. But what you should always know is you will be filling out detailed applications to be able to take out loans, and every loan will have a … [Read more...]