Now that we are in April, it is time to look back and review your first quarter of the year. Just like corporations are reporting how they did in the first quarter, you should do the same for your household finances. Use this process as an opportunity to see where you have done well and…
Saving wisely is an important component of your financial stewardship. Last week, I wrote several posts about saving because it was America Saves Week: Along with all the great advice in those articles, it is important not to get so caught up with your saving approaches that you forget to balance it with investing. In…
Nearly a quarter of savers who take the America Saves pledge chose “emergency savings” as their first wealth-building goal. And they have the right idea. Research shows that low-income families with at least $500 in an emergency fund were better off financially than moderate-income families with less than this amount. Yet most Americans don’t have…
Last week, I introduced you to a fictitious couple called John and Jane Mills. On the surface, this young couple looks like they are living an idyllic middle-class life. But under the surface, they are Struggling in their financial growth. With a combination of cash flow and debt issues, their financial lives are a source…