American students have been found to be way too behind in the financial literacy arena. According to a recently conducted study, U.S. students’ financial literacy scores were below average. Although this study was for high school students, the findings among students beyond high school was the same. While students are pushed to towards higher education, in spite of them being unable to afford it, they make some very basic mistakes due to their lack of understanding regarding finances – and this ends up costing them even later on in life.… [Read more]
Financial woes are burdening the majority of Americans, which is why it’s more important than ever for people to get their budgets on track.
If you’re a victim of today’s sluggish economy, then it’s time to turn things around by making your personal budget your top priority.
With money management in mind, here are just a few tips that will help you steady your budget and make your money last longer:
Personal Budgets and the Economy
If you’re still feeling the fallout from the financial crisis of late 2007 and 2008, you’re not alone.… [Read more]
This article looks at how Americans can get better returns on their banking investments. Are more people using credit unions? If your bank offers low interest returns on savings accounts etc. is it time to move to another one? Many banks collected an enormous amount of fees from customers yearly. How can consumers cut down on these?… [Read more]
Looking to buy a home? Believe it or not, it might be easier than it’s been during the last two decades to secure a mortgage from financial institutions.
According to a survey of senior loan officers commissioned by the Federal Reserve, at negative 18.3 percent, the net percentage for prime mortgages was the lowest it’s been since the central bank started tracking it in 2007.… [Read more]
A leaky roof, a damaged septic system, a child getting ready to go to college—if you are facing any of these expensive propositions, you may be thinking about taking money out of your 401(k). Before you call your HR rep, check out the true cost of tapping your retirement account and these valuable alternatives.You’ll Pay Penalties
If you are under the age of 59.5, you can withdraw money from your 401(k) for hardship distributions.… [Read more]
If you are injured at work, you may find you are entitled to a certain amount of compensation. However, it is never as easy as simply claiming this and it then being awarded to you. You will have to go through a procedure to prove that not only were you injured, but also that it was the fault of your employer.… [Read more]
When Americans all across the country rang in the New Year, many breathed a sigh of relief for more than a few reasons. First of all, taxpayers no longer have to wait for Congress to finish constituting the tax laws that impact their 2013 returns and, secondly, the American Taxpayer Relief Act — which went into effect last spring — will extend many advantageous provisions for recently filed returns.… [Read more]
Our economy is still not doing as well as expected. Growth forecasts have been revised downwards and interest rates are less than 1% for fixed deposits in most banks. Even the savings accounts have a really dismissal interest rate of 0.05% here in Singapore. You may be better off keeping your money under your mattress like during olden times instead of letting it be subjected to the various account-keeping fees incurred by leaving it in the bank.… [Read more]