It’s never too early to start saving money for the future, and instilling in children the importance of saving can begin at an early age. In fact, children may likely find the concept of saving money enjoyable if they can benefit by buying something they want or increasing their savings. You can teach children to save money in numerous ways, and you may even learn a few things along the way as well. How to Teach Children to Save Money Easily 1. Be a Mentor....
If you’re looking to start a business or just grow your investments, 2019 is the year to do it. By all major indicators, 2019 is slated to be “a Goldilocks economy” — not too hot, not too cold. Despite talk of a recession due to some year-end turbulence in the stock market and fears of a prolonged trade war with China, “the U.S. economy,” writes Caroline Baum of MarketWatch, “is not sending out alarm bells just yet.” One of the best insights into financial strength...
When it comes to saving money, the aptly named savings account remains one of the safest and most popular avenues for Americans wanting to stow away cash. Money invested in federally insured savings accounts are secure, protected from the whims of the economy and swings of the stock market. They’re not the main course of a retirement plan, but savings accounts continue to be utilized across the country as a reliable and easily accessible emergency fund. How Savings Accounts Earn Interest At its simplest, "interest"...
Every time the New Year approaches, we hear resolutions about getting in shape, quitting smoking, or plans to travel more. But have you ever considered revamping your financial resolutions? Money can be a sensitive topic, but procrastinating on your financial goals can leave you feeling helpless. It's time to get serious and make your money count for the New Year. Keep these five financial resolutions in mind for the new year! 1. Save More Money When you're living paycheck to paycheck, saving money seems impossible....
With the digital age, digital wallets have emerged. A digital wallet is any kind of electronic device or service online where individuals can make payments by linking a credit union account through a computer or smartphone. The normal monetary transactions are replaced with encryption software that saves time and lowers the risk of theft. What a Digital Wallet Is A digital wallet can be lumped into two different categories: client and server-side. Both of these have wallets that can work with specific vendors while others...
Having a credit card or two, along with fixed loans, can be good for your credit score – as long as you control your balances and make your payments on time. When it comes to credit cards, we know how easy it can be for your debt to spiral out of control, but smart strategies for paying down credit card balances can help you prevent this from happening. Tips for Paying Down Credit Card Balances Whether you’ve already found yourself in debt or want to...
