Not very long ago, retirement was a definitive term. Once you reached the age of 65, your career ended and pensions and government benefits stepped up to the plate. From that point on, the biggest question was what to do with your new-found free time, and the resounding answer was essentially whatever you wanted. Times have changed a bit, and the once distinct lines have become somewhat blurred.
Many parents work hard to protect their children from some of the harsh realities of life. This is particularly true when money is tight. However, it’s important that you teach them in age appropriate ways how to budget their money. Here are some tips to teach financial education to your children.
Many families are finding they must cancel their vacation, as they don’t have the funds needed to travel this year. What quite a few overlook is the benefits of using a credit card for travel purposes. Although numerous travelers use their credit card while on a trip, as it is easy to replace if lost or stolen, they never stop to think how doing so could save them money. You can use your credit card to go on vacation for free actually. Following are some ways to make a dream vacation a reality.
If you are renting your apartment or your house, you might be considering buying something of your own. This decision can not be taken lightly since it involves a lot of money and most of the time a mortgage.
Have parents been giving their children the wrong advice regarding their future financial security? Is saving money really the key to future wealth? There are actually two schools of thought on that. Some believe saving and investing is the road to wealth while others believe that it’s more important to concentrate on earning money. Investors point to Warren Buffett’s success while earners can emulate Bill Gates. It depends on someone’s talents and goals.
Do you dream of a time when your mortgage is paid in full and you have that money to spend as you want each month? Many individuals assume they will have a mortgage for the majority of their life, only paying off the home when they are nearing retirement age, if then. This doesn’t have to be the case, however, as you can pay off your mortgage fast and have more money in your wallet or bank account each month. Tips to pay off a mortgage faster help you achieve this goal. Envision the financial freedom you’ll have when you reach this point and you’ll be ready to put these tips to use today.
Have you cut up your credit cards? Did you grow up being told that having a credit card leads you down a path of lifetime debt? If you avoid credit cards at all costs, now is the time to reconsider applying for this type of credit. Following are some surprising facts about credit cards that many consumers are not aware of.