You may know that saving money is important. However, knowing it and doing it are two different things. It is a challenge to save money when you do not truly know how to go about saving. There are a number of ways you can go about saving money.
Among many of the places you can store your money, there are savings accounts, certificates of deposit (CD) accounts, and a money market account.
Read MoreSome decisions in life you need to make as early as possible. As macabre as it may sound, planning for your death tops that list. It is up there with answering the question “What is money management?” while still in high school. Like an early financial literacy education, you need to deal with your estate planning as early in life as possible.
Read MoreWe all know that we should save money. There is never a bad time to start saving money, but choosing an avenue to do it through should be considered carefully. While all wealth management tools provide benefits, they all come with their own risks, too.
Each tool has the propensity to help you successfully manage your money to some degree, but much of that success will depend on your needs, your goals, and your current financial standing. Here we discuss some of the different savings avenues and compare CDs vs. other savings accounts.
Read MoreEverybody talks about how to build passive income now. Its popularity as a buzz word began with “The Four-Hour Work Week.” Do you really know what it means though?
Some people think it refers to a magical way to make money without any work. Nope. Whether you choose developing a product, entering affiliate marketing, creating an investment portfolio or one of the plethora of other methods, you still have to work. The idea behind wanting to and succeeding to build passive income rests in its work stages.
There are many of you other there that are only a year away from retiring, or are currently retired who are kicking themselves for not saving more sooner. You may even be wondering if you should still save money while you are retired. To be honest, it is never really a bad idea to continue to save money, even if you are retired.
Most people who are retired today have some type of part time job or some other means of income coming in. If you have a source of income, why not continue saving it? Really the question is not should you continue to invest in an IRA, but what type of IRA should you invest in?
Read MoreSaving money is something we all think about doing, but do not seem to spend enough time doing it. For those of you that have your lives together and this adulting thing is no sweat for you, this may not be the article for you. For the rest of you, me included, keep on reading to find out more about saving. The first step to saving is to open a savings account.
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