April 7, 2020
“Ages 20-29 The average 401(k) balance was $11,800 The median 401(k) balance was $4,300 The average contribution rate was 7% of compensation Ages 30-39 The average 401(k) balance was $42,400 The median 401(k) balance was $16,500 The average contribution rate… Continue Reading…
March 2, 2020
“Americans love to talk about how Americans hate to talk about money. Indeed, recent surveys from financial and market-research firms have found that in 34 percent of cohabiting couples (married or not), one or both partners couldn’t correctly identify how much money the other makes; that only 17… Continue Reading…
February 13, 2020
“…Nearly half, or 44%, of those in a relationship admit to committing financial infidelity against partner, according to a new survey by CreditCards.com. Most often, they are spending more than they feel their significant other would be comfortable with, the report… Continue Reading…
February 12, 2020
“…For about a third of Americans, this is a regular financial stress, with 32% running out of money before their next paycheck hits, according to a new survey fielded by Salary Finance of over 2,700 U.S. adults working at companies with over… Continue Reading…
January 23, 2020
“…Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) would cover the cost of a $1,000 car repair or emergency room visit using savings. The findings echo what previous Bankrate studies and others —… Continue Reading…
January 3, 2020
“…Goal #1: Paying down credit card debt Credit card debt is the most expensive kind of debt — significantly costlier than borrowing money to go to college, buy a car or even purchase a house. The average credit card interest… Continue Reading…
December 19, 2019
“Pull your monthly bank and/or credit card statements for the last year…Total all your debts…Total your savings.…Review your retirement account…Review your Social Security statement…Do a net worth statement…List your financial highs and lows for 2019…” https://www.washingtonpost.com/business/personal-finance/seven-money-moves-you-can-actually-make-before-the-end-of-the-year/2019/12/17/c6e94ac6-20dc-11ea-86f3-3b5019d451db_story.html The article goes into… Continue Reading…
December 13, 2019
“Americans are projected to fall seriously behind on their credit card bills at the highest rate in a decade as banks push a record number of people to get plastic. The share of credit card borrowers who are at least… Continue Reading…
December 6, 2019
“1. Not cleaning up monthly statements…2. Not taking advantage of rewards credit cards…3. Not using up your FSA account…4. Not contributing enough to your 401(k)…5. Not planning for major 2020 events… Accumulating the necessary funds for big-ticket items (e.g., a… Continue Reading…
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