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]
Tag Archive: Finance
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.
5 Financial Rules for Women
Even though many women are starting to have a larger role in family finances and taking care of the money, there are some women who are still uncomfortable dealing with the finances. Here are five rules that can help you keep on the right financial track. (And you will find that these rules can help men, too!)>>> [Read More]
