One of the more interesting trends, from my point of view as a woman, is the interest that more women are taking in finances these days. However, in light of a recent I read about on Yahoo! Finance, I’m not sure they’re taking the right interest in finances. At the risk of generalizing, I’ve noticed in my (limited) experience that women are mainly interested in frugality and couponing — how to stretch the household budget each month. This isn’t a bad thing, but monthly budgeting isn’t the whole of a well-rounded financial education, either. (Clearly, men need a good financial education as well, but traditionally men are more likely to be confident in money matters than women are.)>>> [Read More]
Tag Archive: Finance
Why Closing a Credit Card Account Can Affect Your Credit Score
When people pay off debt, many of them rush to close credit card accounts. Indeed, the process can be quite therapeutic. You pay off a credit card, and, to celebrate your freedom from the chains of the debt (and being on the wrong side of compound interest), you cut up the card and cancel the account.>>> [Read More]
What Do YOU Want Out of Retirement?
One of the essential issues of personal finance is that it is vital that you consider what you want out of life, and how you can use money to reach those goals. Money really is more of a means to an end, and it is vital that you consider what you want out of retirement. As you plan to retire, and begin saving money for that not-as-distant-as-you-might-think day when you want to leave the rat race, the first thing you need to do is figure out what you want out of retirement. It may sound selfish, but if you need take care of you first. If you don’t know where you are going, and why you are going there, you can’t create an effective financial plan. And retirement is a pretty big financial destination.>>> [Read More]
Before You Buy: Practice Home Mortgage Payment
Buying a home is not something that should be done willy-nilly. In fact, it is wise to plan out your home purchase, making sure that you save up money for a down payment, and making the necessary adjustments to ensure that you truly can afford the mortgage that you want. One way to help you decide whether or not you can buy a home is to practice making home mortgage payments.
