The average age of U.S. citizens entering retirement is 62 which is 4 years ahead of the expected retirement age of 66. Despite this definitive milestone, 33% of Americans do not have a single cent saved toward retirement. The problem is largely due in part to rising costs of living and stagnating wages in combination to increasing debts. These factors are making it impossible for your average person to retire
Image source Here is the good news: after all that hard work, all those late nights and all that effort, your business is finally ready to scale up and grow. Here is the bad news: you are about to get slapped with a bunch of unexpected costs. We know right, talk about raining on your parade. Of course, we’re not just telling you this because we are mean and
http://www.jble.af.mil/News/Features/Display/Article/260547/ Unfortunately, not everyone is financially sensible. It’s hard to admit, but you may be one of those people. How can you tell? You can start by taking a look at your finances. If they are in ruins, the chances are you have made some mistakes along the way. But, this post isn’t here to criticize and make you feel bad; it’s here to help. Accepting the errors of
Now that you have a firm idea of what your first foray into the world of entrepreneurship is going to entail, you need to create a plan of action. Mentors, colleagues and friends have all told you that you must have the funds in place before you can consider leaving your 9 – 5 and launching yourself into the world of self-employment. While you know they are right, you don’t
We all want to save some money in our daily habits, so we cut out the cup of coffee we’d usually grab on the way to work, or turning off the TV and picking up a book to save on the electricity bill. Either way, there’s some easy ways, and quite a few hard ways to save your money, and a lot of it is based on personal habits. So
So many people have the wrong approach to how they manage their money. They spend what they can and focus instead on improving their income with time, excusing themselves that when they have more, they can afford to put more aside for their future. As with most great endeavors, however, the sooner you get started, the better. Here are a few money matters no-one should be procrastinating on. Photo Source
Everyone likes to think they have got a bargain, and no one wants to think that they are purposely being ripped off. However, we are charged over the odds for things all the time. This, of course, is not good for our bank balance. With that in mind, to help you avoid being overcharged the post below will describe some of the main areas in which this happens, and what
Image Credit: Flickr When you are so used to saving every penny by simply buying the cheapest thing, it is easy to overlook those things that are actually worth spending a little bit extra on. These things might have a large up front cost, but in the long term, they will actually have a better impact on your finances because they last longer or are more efficient. The idea behind
In the modern age, it isn’t unusual for young people to find they can’t afford house or rent prices in their home town. It’s a devastating reality which is ruining communities. But, there’s no getting around the fact that outside buyers cause house prices to rise. Thus, locals have no choice but to move away when they come of age. If this is a reality you’re facing, you may be
Photo Credit There is so much financial information about there these days regarding the things that you should do – how you should spend your money, where you should save it etc. Well, in this article, we are going to take a closer look at a few of the things NOT to do. Sometimes, it helps to look at things from this perspective so you can be more aware of