Parents want good things for their children, and a good credit record is certainly something that falls into that category. To help children achieve one, it’s important to teach them sound financial habits. Among the most fundamental lessons is valuing the money they earn and that they shouldn’t spend what they don’t have. This is the philosophy behind building a strong credit … [Read more...] about Put Your Child on a Path to Building a Solid Credit Score
Technology has inspired new ways for investors to manage their finances – often with added convenience and efficiency. Yet anything new comes with a degree of risk. Here is an introduction to four new money trends, including what each one is designed to do and some considerations before you decide whether to incorporate them into your life. Transfer money … [Read more...] about Insights on the Newest Trends for Your Money
The current U.S. economic expansion recently enjoyed its ten-year anniversary. This means that for the past decade the economy, as measured by the nation’s gross domestic product has been consistently growing without a measurable pull-back, or recession. This long expansion follows the very difficult economic decline of 2008 and 2009, a period often referred to as the Great … [Read more...] about The Current Economic Expansion is Now the Longest in U.S. History.
When it comes to finances, the difference between success and failure is often the ability to maintain a positive cash flow. We have this goal in our everyday lives: we seek to earn enough to pay the bills each month while saving strategically for long-term investments that will fuel future growth. The same is true for a business. If you are thinking about becoming a small … [Read more...] about Five Simple Tips to Maintain Positive Cash Flow in Your New Business
Many couples are choosing to start families later in life compared to their parents and grandparents. According to the National Center for Health Statistics, the mean age of first-time mothers is rising, from 25 years old in 2009 to 26.3 years old just five years later.1 And, increasingly, mothers are waiting to have their first child at age 35 or older. This trend has … [Read more...] about Financial Dos and Don’ts If You Plan to Have Kids Later in Life