Tag Archives: personal finances

Money Monday: Financial priorities of the generations

Each generation has a different priority when it comes to their finances.

Our nation’s different generations (centennials, millennials, xers, boomers, matures) place five categories in different order of importance. While some focus on building a nest egg, others concentrate on paying down debt, keeping a budget and controlling spending, saving money for emergencies or what-ifs, or saving for something specific.

Financial priorities of the generations

This inforgraphic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Credit card mistakes to avoid

“Credit cards can be a dangerous thing when abused, but when used correctly, they actually offer a number advantages that cash simply can’t match. To make the most of your credit card, be sure to steer clear of these major blunders.”

(Money.CNN.com. “10 huge credit card mistakes.” Maurie Backman. 12 May 2017. http://money.cnn.com/2017/05/12/pf/credit-card-mistakes/index.html?iid=SF_LN)

  1. Paying your bills late
  2. Only making your minimum payments
  3. Making out your credit card limits
  4. Read about 7 other credit card mistakes to avoid here

Money Monday: 5 money resolutions to make in 2016

With a new year comes a fresh opportunity to get your finances in order.

money“And thanks to Wall Street’s wild ride in 2015, more Americans plan to make financial resolutions, according to a recent Fidelity survey.

“While the top two resolutions of “save more” and “spend less” seem pretty straight forward, they’re easier said than done…

“Here are more money moves experts recommend adding to your resolution list:”

1. Pay off debt

2. Create an emergency fund

3. Increase your retirement savings

4. Assess your investment strategy

5. Review your insurance coverage

Read CNN Money’s article in full here: “5 money resolutions to make in 2016”.