Do you really know where your money goes each month? If you’re tracking your spending, you do. If you can’t say for sure, don’t automatically assume that your money just goes to “bills”. Chances are a surprising amount of it doesn’t.
And that’s why you should care
When you don’t know where your money is going, chances are you’re missing out on some great opportunities to buy and do some interesting things — especially if you’re living paycheck to paycheck.
In other words, you may be trading the things you really want for the things you want right now. But once you know where your money is going, you can redirect it to where you actually want it to go. You can do fun things. You can save for your future. You can get ahead. » Read more
Preparing for retirement is one of those things that a lot of us put off for a variety of reasons.
When we first start out in the working world, retirement seems so far away as to be almost unimaginable — and so we don’t prepare for the things we don’t imagine. As we get a little older, we start to think about it, but things like buying a house or recovering from job loss often take priority. » Read more
We’ve all got things we want to accomplish — and some of those things are more important than others. Unfortunately, we tend to do the things that are most urgent first, even though they may not be very important to us. » Read more
If you’ve never done any investing before, the prospect can be scary. But I’ll tell you a little secret: Pretty much anything you do for the first time can be a little scary.
Remember the first time you drove a car or started a job? Scary, right? But you got over it. You figured out what to do, asked for help or information when you needed it, and made it through. You got more confident over time. Investing can be the same way. » Read more