As you may have learned during your working days, 80% of results come from just 20% of actions. This concept, known as the Pareto Principle, can save you time, meaning you have more of it to enjoy during your retirement. You may have seen that 20% of customers accounted for 80% of profits in business. Or that 80% of expenses came from only 20% of items purchased. In your personal life, it's possible that you spend 80% of your…
A growing number of Americans are retiring and aging without a spouse or adult children to help them. In fact, research by Dr. Maria Torroella Carney, chief of geriatric and palliative medicine at Northwell Health in Great Neck, New York, states that 22% of people over 65 are “solo seniors” or “elder orphans.” And that number is only going up. In 2016, Carol Marak set out to make life easier for these people. She started the Elder Orphans Facebook…
Do you earn a good salary but still feel like you struggle to make ends meet every month? Or maybe you run out and spend your paycheck the minute it hits your bank account, forgetting that you've already got bills and credit cards to pay. Money management can be intimidating, and many people feel overwhelmed, unsure of where to begin. The good news is that with just a few simple skills, you can change how you think about money…
For many people, budgeting can be tedious and stressful. It seems easier to avoid it – and in the short term, it may be. But you know that long-term you need to have a budget. Thankfully, it's a lot easier to create a budget with the help of some great apps. No more tearing your hair out in front of an Excel spreadsheet – try one of these specialty apps instead. Disclosure: This post may contain affiliate links, which…
In the hustle and bustle of modern life, managing day-to-day financial tasks can become overwhelming. This is where a Daily Money Manager (DMM) can be a game-changer. But what is a Daily Money Manager, and how can they help you? The Role of a Daily Money Manager Explained A Daily Money Manager is a professional who assists with everyday financial tasks. Their expertise spans a broad spectrum of services, including bill payments, bank account reconciliation, budgeting, financial organization, document…