No matter the economy or what a person’s income is, saving money has those been a passion of many people and one of the best places to save money is by improving your home. When it comes to one’s home, seeing as how it’s most likely your largest investment, you don’t want to be a cheapskate here. Whether it’s adding insulation to the attic to save on energy bills or adding a deck out back to increase the home’s value, home improvement is an excellent way to save money immediately and in the future. … Read the rest
You’ve no doubt heard it all before. Don’t overspend. Save as much money as possible. Start saving for retirement early. Put as much money as you can into your 401K. These sound simple, but for those of your learning to how to survive on minimum wage it isn’t all that easy.
These are some of the hallmarks of successful money management and, in all but the worst of cases, most people should easily have more money than they need. The fact is however that many people don’t follow these rules and that has led to some of the most difficult financial times that we’ve seen in generations.… Read the rest
Today we live world where being a big spender is a symbol of status and is seen as positive, but saving money and frugality were once considered great virtues. Today, they are cultural oddities. Those who can save money, however, in most instances will have a much easier life than those who are reckless spenders. Saving money can be done in two ways. The first is the traditional idea of saving money that involves stashing funds away in a sock or a bank account. The other way that people can save money is through finding ways to cut spending.
Credit card debt is a major problem for many.… Read the rest
Hello and welcome back for Part 2. In Part 1 we went over the first 2 Keys to a sound retirement as outlined by the Society of Actuaries (SOA). In this second part will be taking a look at the remaining five and, without further ado, let’s get started. Enjoy.
The 3rd Key to a sound retirement, at least as far as the SOA is concerned, is the need to compare your expenditure needs against your anticipated income. Will the fact is, will retirement is just as filled with expenses as any other part of your life. Expenses during retirement are basically the minimum that you need to sustain your standard of living plus a bit extra for any needs that are nonrecurring and any money needed to help meet a person’s dreams.… Read the rest
Did you know that there are 7 Keys to many different things in this life? For example, we all know that effective leaders have seven habits, that there are seven different types of intelligence and that there are even seven steps to get to heaven.
Now, courtesy of the Society of Actuaries, we have the 7 tips for a sound retirement. They just released her a new 64 page report entitled ‘Segmenting the Middle Market: Retirement Risks and Solutions Phase 2 Report’. Not the most inspiring of titles, we’ll admit, but then again these people are actuaries.