The importance of budgeting is undeniable, but many don’t do it because it is time consuming and difficult. Learn how to build a basic budget in 15 minutes which meets both your financial needs and goals.
The debate about whether a budget is a necessity or a waste of time often centers on a fundamentally flawed definition of budgeting. The exercise of budgeting shouldn’t be designed to limit you, but to give you the freedom to spend money in the manner you wish to spend it.
There is a lot of talk in the financial media about the benefits of automating your finances. But what exactly does that mean? And how do you go about doing it? Here’s one simple method of automating your finances which ties your budget in with your pay.
The importance of budgeting is undeniable, but many don’t do it because it is time consuming and difficult. Learn how to build a basic budget in 15 minutes which meets both your financial needs and goals.
The President's proposed tax revision may be interesting water-cooler talk, but you shouldn't spend much time on it. As the proposed individual income tax reforms are far from being law, there is nothing you can do to adjust your tax strategy in preparation. Still, it is fun to dissect the good and bad of the President's plan.
Congress recently reversed rules which allowed states and cities to create Auto-IRA programs. Although I like the intent and am a big fan of encouraging retirement investment, the program wasn't ideal. A lack of ERISA protections, potential for poor management, and poor investment options all mean I won't mourn the death of the Auto-IRA.
Historically, there was a "three-legged stool" of retirement which provided Americans with a comfortable and safe retirement. The stool, however, has been eroded away, leaving many without sufficient income in retirement. Making small changes now can net a massive improvement in your lifestyle in retirement, and may provide you with the option to retire earlier or wealthier.
A net worth statement is one of the key documents you’ll need in planning your finances and achieving your goals. Creating your net worth statement might seem like an intimidating task, but for most people it’s actually relatively simple. Learn how to create a basic net worth statement in about 15 minutes.
If you aren't updating your skills and adding new skillsets, your value in the economy and in your profession will decrease. As you explore educational opportunities, the following are the most common types of courses you can take to advance your career or grow your business. And a list of resources for free or low-cost classes.
