Give Your Family a Money Makeover
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Families need to make money stretch as far as it possibly can. This can mean doing without unnecessary purchases, or budgeting for monthly expenses. If you find yourself struggling each month or living paycheck to paycheck, it may be time to give your family a money makeover. Giving your family a money makeover means finding [...]
Easy Strategies to Practice Self-Discipline and Frugality
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Deciding to practice self-discipline and be frugal in your spending is one thing. Actually doing so is often quite another. Our old habits are hard to break. However, if you apply strategies to your spending, you will find it easier to practice self-discipline and frugality. Here are some easy strategies to get you started.
Change your [...]
How Much Debt Can I Afford?
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At some point in our lives, most of us will have to borrow money; whether to pay for a house, a college education, a car, or some other major expense. Not all debt should be avoided, because sometimes strategically borrowing money can help us save money or make more money in the long run.
But we’ve [...]
Afford Your Own Business
Starting a business is not cheap. There are all kinds of expenses, particularly if it’s an offline company. Online, it can be done relatively affordably, but it can still be pricey.
So where do you get the money? Here are five tips that work:
1. Begin using free methods
The best free strategy for making money with [...]
The Benefits of Setting Up a Trust
When planning how you will leave money to your children or other beneficiaries it’s important to think about trusts as an option.
A trust defines a type of legal ownership whereby property is held by someone (the “trustee”) who has agreed to act for and on behalf of your interests for the benefit of your beneficiaries.
Trusts [...]
Retirement Savings – It’s Never Too Early to Start Saving
Many people think that because of current expenses and priorities, putting money away for their future retirement isn’t something they can afford. That kind of mindset is based on an assumption that it will cost a lot to create a retirement savings account.
The important thing to remember about retirement savings is that the earlier you [...]
Understanding Revocable and Irrevocable Trusts
Revocable and irrevocable trusts have differences that can affect the way your property passes on to your loved ones upon your death or even while you are living.
Revocable Trusts
A Revocable Trust can also be called a Revocable Living Trust or Living Trust. Essentially a Revocable Trust is a trust that can be changed at any [...]
Step-by-Step Financial Planning for Young Adults
Young adulthood is for many the most exciting time of life. Between finishing school or starting full-time work and moving away from parents and into an independent lifestyle, this period of life is full of change, opportunity…and challenges.
We live in a fast-paced world with strong consumerism trends that can ruin young people unaccustomed to managing [...]
Everyday Money Lessons for Kids
One of the best ways to teach your children good skills in appreciating and managing money is through example and daily life experiences.
A good age to start teaching your children about understanding the value of money is when they are around seven years old. At this age, real-life examples can help children to understand why [...]
What Is Your Money Mindset?
So many people have a mindset about money that is negative. They either don’t make enough of it or believe too many people are trying to take it. This thinking probably started a long time ago when they were children.
In some households children were taught it was “impolite” to talk about money. In other households [...]
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