“According to a
new survey from the AICPA, Americans are feeling better about their finances than they were three years ago. Only 35% of adults have delayed a major life decision as a result of financial burdens, compared to 51% in 2015.”
photo from 401kcalculator.org
Where was the biggest change? According to Forbes’ article, in the pursuit of higher education. Read more to see what else:
“More Americans Making Major Life Changes Without Financial Worries”.
“The average tax refund was $2,895 last year, according to the IRS. Whether you’re looking to use it for travel, invest it or use it to build an emergency fund, there are certain steps you can take to stretch your tax refund dollars.”
Forbes has some ideas:
“Simple Ways To Stretch Your Tax Refund”
January is the perfect time of the year to plan ahead; especially when it comes to finances.
Forbes has a whole list of financial resolutions to make; here are some of the best suggestions:
Make a budget and stick to it
Review your credit card/financial statements and see what you can cut out
Refinance your mortgage
Get a will or living trust
Read all 27 of their suggestions here: “
27 Financial New Year’s Resolutions To Build Wealth“.
Falling homeownership rates for more than just millennials
Last year, 36.3% of households were in rentals, leaving the homeownership rate at 63.6% (10 years ago it was at 69%) (Shreya Agarwal, Forbes. http://www.forbes.com/sites/shreyaagarwal/2016/05/06/homeownership-rates-are-falling-and-its-not-just-a-millennial-problem/?ss=personalfinance#193b367ba9e0).
But according to Forbes, it’s not millennials that are the leading age range in this data; it’s 35- to 44-year-olds.
Read Forbes’ full article on this real estate data here: “Homeownership Rates Are Falling and It’s Not Just a Millennial Problem”.
This entry was posted in
Homebuyers, Housing News, Interesting News, Real Estate Market and tagged Forbes, home-owners, homeowners, homeownership, millennials, personal finance, real estate on . May 9, 2016
You might be making these common money mistakes:
Not having a budget or paying attention to your budget
Paying bank fees that are unnecessary
Not saving “rainy day” funds
Not having the right life insurance
Not preparing for retirement
There are plenty of other financial mistakes, but here are even more of the most common ones, along with Forbes’ suggested solutions:
“13 Common Money Mistakes — And Their Solution”.