Despite high debt, the question remains whether or not credit is a bad thing.
It's great to have a 401(k), but not everyone knows that you don't have to wait until you're old before they become useful. There are a number of reasons you can take cash from your retirement account. It's basically taking out a loan from yourself. Funds from 401(k)s can be used to pay for a myriad of things, from medical expenses to financing a business to buying a home--although there should be a smart reason to take a loan. No vacations or big-screen TVs.
Coupons carry all kinds of stigmas, branding users as dorks and misers. Guess what? Unless you're high up in the ranks of a successful company, the recession is still very much 'on.' It's a new era, and it's an era in which saving money is anything but miserly. It's smart.
Saving on Groceries and Drugstore Items
It's never too early to start planning for the future. This is especially true for future homeowners. Even if you have never thought about owning a home or think that you may never want to, it's smart to plan ahead just in case. Trust us--taking care with your finances now has the potential to greatly impact your ability to achieve your goals in the years ahead. Here are some tips we wish we would have known.
Nothing is sweeter (or scarier) than realizing you finally have the savings and ability to move out of your parents’ place. But hitting the pavement and scouring the back of the Classifieds is so 1995. Thankfully, the web is packed with search engines, resources, tips, and checklists to get you moving and keep you organized.
Nowadays, the pursuit of the American dream has dwindled to nothing more than a vain ambition. Luckily, members of Generation Y are blessed (or maybe cursed) with levels of ambition previously unheard of: we are three times as likely to want to save money, compared to our parents and grandparents. Simply caching money in an everyday savings account won’t elicit wealth, though.
When the mercury dips to levels only polar bears can contend with, mere mortals crank the heat. Home heating represents the biggest piece of the expense pie--up to 35-50% annually, especially in chillier states. Homeowners and renters alike can benefit from a few simple tricks and maintenance tips to help heat bills fall like snow.