Financial health simply measures your ability to handle financial stressors and reach your long-term goals. The areas of financial health typically considered are: The investing information provided on this page is for educational purposes only. Money Mentor, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or …
Every generation sees its fair share of struggles, and Gen X is no exception. This cohort, known for being highly independent, exceedingly resourceful and more than a little cynical, is nearing retirement age in, overall, not the best of shape, financially. As a whole, Gen Xers are loaded down with debt (much of it affiliated with student …
Personal finance is the management of an individual’s or family’s money, including how it’s earned, spent, saved, and invested.
Having some extra funds available for emergencies is an essential component of your overall financial well-being, with enough cash to cover three to six months of expenses being a common recommendation. For many people, though, that can add up to an intimidating number — and can discourage even the best-intentioned saver. But don’t give up …
Once you’ve established some fundamental procedures, you can start thinking about some overarching rules that can help you make better money decisions.
1. Spend less than you earn and track your expenses. 2. Save for emergencies by setting aside three months' of expenses. 3. Invest for the long term is assets such as stocks and bonds. 4. Pay off any high-interest debt. 5. Plan for retirement as early as possible. 6. Live below your means, just because …