Tag Archives: Forbes

Money Monday: More Americans Making Major Life Changes Without Financial Worries

“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.”

piggy bank saving

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”.

 

Money Monday: Stretching your tax refund

“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”

Money Monday: Financial changes to build wealth

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
  • Start investing

Read all 27 of their suggestions here: “27 Financial New Year’s Resolutions To Build Wealth“.

Money Monday: Falling homeownership rates

Falling homeownership rates for more than just millennials

home buyer regretsLast 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”.

personal finance

Money Monday: Common money mistakes

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”.