How to Budget for your Future

how to budget

Making a budget can be a time consuming and frustrating process; yet as we approach retirement, budgeting, and keeping to that budget is more important than ever. The 2013 Survey of Consumer Finances found that among all working households, the average savings for retirement was only about $2,500. The numbers do get a little better when looking only at households of those over 55, with the amount of savings averaging around $14,500. But that is still far less than the 80% of the income generated while in the workforce that specialists recommend retirees have set aside. The question for many people is what they can do to increase retirement savings and financially prepare for the future? Here are some tips to get you on track.

Read more

Why Using a Credit Card is a Sensible Financial Decision

Article by: Melissa Taylor With more than 500 million credit cards in circulation in the United States, Americans are no strangers to our beloved plastic. Experts in personal finance spend a lot of effort trying to convince people why we should never lay a finger on a credit card. With nearly sixty percent of Americans carrying … Read more

What’s in Your Wallet? My Little Red Credit (Debt) Card!

Note: Below is an article/post submission adapted from the new book “Save Wisely, Spend Happily,” which offers the collective advice of 125 money professionals to give people the tools they need to make managing their money less intimidating.  See more at: http://www.360financialliteracy.org/Save-Wisely-Spend-Happily. This piece, by CPA Leonard Wright, offers several great tips on how to … Read more