Posts with the category ‘Savings’
By Investopedia | October 17, 2017 To quote the American poet Henry Wadsworth Longfellow, “Into each life some rain must fall/Some days must be dark and dreary.” To deal with those dark days, having an emergency fund is a necessity. Think of it as a shock absorber for the bumps of life, one that’ll keep you from adding to the load of debt you doubtless already carry. Here we look at how much you’ll need to save for your emergency fund and how you can get… Read More
– Nicole O. Coulter Discover what it means to be wealthy or successful. If you’re like most, it takes a few hard knocks to understand what life truly has to offer. Several years ago at the Berkshire Hathaway annual shareholders meeting in Omaha, Neb., a precocious 10-year-old investor stood bravely in front of a microphone and posed a weighty question for the investment maestro: “How do you define success in life?” Warren Buffett didn’t hesitate—it was as if his whole… Read More
by Maurie Backman for The Motley Fool If you’ve yet to save your first $1,000, take comfort in the fact that you’re in good company. An estimated 69% of Americans have less than $1,000 in a savings account, and 34% have absolutely no savings at all. Whether your lack of savings stems from too many bills or not enough self control, here are five tips to help you finally hit that goal. Read more here.
Written by Kevin McKinley The prime time for a child to begin learning good financial habits usually occurs during the “tween to teen” years. All the planning, saving and investing that parents do for their children’s future won’t do much good if the kids don’t have the discipline and wisdom necessary to eventually manage money on their own, and hopefully make it grow. Read more here.