We just ended the biggest instant gratification decade of our lives. Every financial borrowing tool was built to feed our immediate wants, if we paid for it later. Literally.
Excessive credit card use was an obvious offender. But the best was no money down mortgages. Who needs to save with zero down loans. But that period didn’t end well, for good reason.
Saving money is the foundation of a successful financial plan. That is why many of us want to save more money now. The hard part is not knowing where to begin.
So let’s get rid of the confusion, keep things simple, and get started now. Because once you’re started, saving money only gets easier.
Saving Confusion
Saving money has very different and distinct meanings. Continue Reading…
For decades the savings bond was the gift you knew would last past the year. That was the idea. It was the easiest way to gift money that would grow over time.
Do you want to earn more than the current 5 year or 10 year Treasury bonds without giving up the safety they offer? Or maybe you just want a way to start saving without taking on the risks of the market. With treasury rates at all time lows, CD rates are a safe second option offering more flexibility and backed by the FDIC.
The prepaid debit cards market continues to grow.
The savings and debt debate has been ongoing since the first loan was created. With only so much income to spread around, a big decision must be made. Do you use any extra money to pay off debt or add it to savings?