You know that deep feeling of satisfaction you get when you clean your closet or finally sort through those moving boxes that you haven’t opened in five plus years? Well, you can get that same feeling of accomplishment when you spring clean your finances. (more…)
savings
3 Ways to Bridge the Gender Savings Gap
When it comes to savings, the gender savings gap is huge. A recent study1 indicated that women have 50% lower savings than their male counterparts. There are a number of reasons that this disparity exists, among these are that on average women earn lower salaries than their male counterparts and will spend fewer years in the workforce. However, there are actions that women can take right now, that will help improve their savings and provide a bridge to end the gender savings gap. (more…)
When it Comes to Planning Your Financial Future, Don’t Go it Alone.
We live in a high-tech world where information about all topics under the sun is available at your fingertips. We are moving toward self-service and automatic access to everything. I love that I can look at my checking account balance on my phone; I love that I can make dinner reservations with a couple of clicks, and I love that I can confirm a dentist appointment with a one-letter text message response.
While high-tech solutions offer tremendous convenience, some things are still much better when they are high-touch. One of these things is retirement planning and creating a financial plan for the future. (more…)
2017 401(k) & IRA Contribution Limits
As I’ve gotten older (and wiser!), a lesson I learned early in life has really started to influence my financial decision making: the earlier I save, the more time my money has to grow. The concept isn’t overly complicated. Everyone knows the earlier you save, the better. The problem most have–myself included–is following through and putting money away for the future. But now that I’ve had a steady paycheck for a few years and have been focused on saving, I’m able to witness the growth in my account and I’ve got to say…I love watching my money make more money! (more…)
