Financial Blog
Considering a New Employment Opportunity
Considering a New Employment Opportunity What is it? In the past, workers stayed with the same company for years and years, working their way up in the company. However, times have changed. Businesses facing hard economic times restructure, forcing employees to look for new jobs. It’s also become common for… Read More
Establishing a Credit History
Establishing a Credit History What is credit? When you say you want credit, you are probably asking for payment terms on a purchase. You are seeking to purchase goods or services today and forego all or a portion of the payment until a later date. You may or may not… Read More
Debt Management Is Part Of Your Mental Health
Debt Management What is debt management? As a modern consumer, you need credit. When you were growing up, you may have heard your parents or grandparents say, “If you can’t pay for it with cash, then you can’t afford to buy it.” That may have been sound advice 40 or… Read More
Cash Reserve – A Good Idea
Cash Reserve What is a cash reserve? A cash reserve is a pool of funds (and sometimes credit) that you hold in a readily available form to meet emergency and other highly urgent, short-term needs. Sometimes, it is referred to as an emergency or contingency fund. Terminology is important here… Read More
Simplicity of Budgeting
Budgeting What is budgeting? Budgeting is a process for tracking, planning, and controlling the inflow and outflow of income. It is a process that we all begin soon after we get our first spending money. Relying on our overloaded minds to manage such a complex process has many shortcomings. The… Read More
Five Keys to Investing For Retirement
Five Keys to Investing For Retirement Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. However, the following basic rules can help you make smarter choices regardless of whether you have some investing experience or are just getting started. Don’t… Read More
Members of the Military: Personal Financial Planning
Members of the Military: Personal Financial Planning Financial planning is the process that can help you pursue your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources. Just as the success of a military mission is dependent upon proper… Read More
Estimating Your Retirement Income Needs
Estimating Your Retirement Income Needs You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is… Read More
Test Your Knowledge of Financial Basics How well do you understand personal finance? The following brief quiz can help you gauge your knowledge of a few basics. In the answer section, you’ll find details to help you learn more. Questions 1. How much should you set aside in liquid, low-risk… Read More
Getting Started? Establishing a Financial Safety Net
Establishing a Financial Safety Net In times of crisis, you don’t want to be shaking pennies out of a piggy bank. Having a financial safety net in place can ensure that you’re protected when a financial emergency arises. One way to accomplish this is by setting up a cash reserve,… Read More