All of us like to live well, one of the reasons we find the household-related expenses on the steeper side with passage of time. However, it is prudent to flow with the times and today, when we are in the middle of an economy in recession, it makes sense to trim household expenses so you are not left wondering how to take care of other necessities. Cost-cutting, like charity, works best when it begins at home!
It is always a good feeling to see a comforting amount in your bank statements each month. However, not many of us may be holding jobs that pay out the kind of money that you could call A-one. Does that mean you cannot earn more than what your job pays you? No, because you always have the option of taking up extra jobs that pay you well without making you break into too much of a sweat.
Soon, you'll be seeing a bit more money in your wallet, thanks to the
government's latest stimulus package. If you play your cards right and
don't just go blow it on an extra lunch or a trip to the movies, you
could make yourself a millionaire over time.
Some truly shocking stats suggest that far too many Americans have saved far too little for their golden years, and now face a gruesome retirement. But several financial experts are bucking this conventional wisdom. Surprisingly, they argue that we might be saving too much for retirement.
Some mutual fund shops will throw anything at the wall to see what sticks; others carefully, strategically, and rarely produce new product offerings. American Funds definitely falls under the latter category. But this fund-industry stalwart is finally cranking up its gears, with plans to introduce its first new equity fund in almost a decade.
How do you choose a "good" password? When it comes to cyber-crooks, "good " is anything a ne'er-do-well couldn't easily guess just by, for example, combining your children's names or knowing your birthday.
Unless you want to work until the day you die, you face a scary decision in trying to figure out when and how you'll retire. For many people, once you walk off your job site for the last time, getting a high-paying job again is no longer an option. So before you pull the cord on your paycheck prospects, it pays to make contingency plans for everything that could happen during the rest of your life.
When you're hiring a financial planner, it pays to screen carefully. For one thing, you need to understand exactly how planner candidates are paid, so that you can make an informed market decision. But remember -- not many worthwhile pros work for peanuts. You don't want to get so ruthless about cost that you end up with worthless advice.
According to the Hewitt 401(k) Index, in March, many investors moved their 401(k) money from stocks to bonds. (OK, from "equities" to "fixed income investments," if you want to get all fancy about it.) Unfortunately, that's one of the worst possible moves those investors could make.
