If you find yourself unable to pay off your credit card balance every month, then by definition you are living beyond your means. Allowing this situation to continue can have serious consequences for your financial security, now and into the future. Time to look for ways to adjust your spending!
Many of us “leak” money without realizing it. Spot the leaks and plug up unintended or careless spending – the savings could add up to hundreds of dollars a year, or more.
If you’re not sure where or how to cut back on expenses in order to increase your savings, try this exercise.
Disaster-proof your holiday spending.
If you want to work towards your longer-term financial security, you need to free up funds to do so – but how? One suggestion: participate in the “sharing economy,” now dead simple, thanks to the Internet. By sharing, renting, or bartering, you’ll reduce your expenses and/or earn a little extra income. Before you know it, you may find yourself with extra funds to fatten your savings account or invest in the other building blocks of your financial security.
Being in sync when it comes to dealing with money is a big plus in any relationship, but it’s not always easy to achieve. Here are some tips to help you and your partner get on the same page financially.
Many surveys have shown that women tend to carry more debt than men, and that they make less money to boot. To compound matters, under-saving for retirement is common for men and women of all ages. Here are some steps you can you take to help level the playing field and secure your financial future.
I’m thinking of one client, Stephanie, who is 49 years old. Her husband had been unemployed for 18 months. Happily, he had just gotten a job, and they were excited for him to get started working again. But during that 18 month period, expenses had severely tapped their savings.