It's Never Too Late to Save for Retirement What are some effective strategies for investing my income? How can I get the most from my Social Security as I near retirement? What goals should I set to meet my needs? Hiring a Daily Money Manager can help you find answers to these questions and make handling your day-to-day money matters easier. It's Never Too Late to Start If you have yet to be as diligent in handling your finances…
Most college students are living on student loans, and/or money earned from a low-paying part-time job. In a 2018 survey by Goldrik-Rab, more than 1/3 of the more than 20,000 students who participated said they were either food insecure or had limited access to food in the preceding 30 days. In addition, 36% of those students said they were housing insecure (source). Essentially, college students are barely scraping by financially. At the same time, a financial crisis could cause…
Protect Yourself: Effective Steps to Prevent Identity Theft You've heard horror stories about identity theft destroying people's credit or worse. Although such crimes are so common, there are ways to protect yourself—and that doesn't mean hiding your money under the mattress or making all purchases in cash. Try these highly effective steps instead. 1. Protect Your Social Security Number from Identity Theft Do not carry your Social Security card with you. The only time you should have to show…
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Although not hard and fast, rules of thumb can be quite helpful in making decisions and achieving goals. You may have rules of thumb for finding a job or going to the grocery store. How about financial rules of thumb? These will help you manage your money and reach your financial goals. Money Management Basics If you're the type of person who spends money as soon as it comes in, you'll benefit from this one. Pay yourself first! This…