Whether you’re living paycheck to paycheck or managing a healthy nest egg, there are certain classic money blunders you’ll want to avoid. Between hidden fees, budgeting mishaps and poor communication around finances, it’s almost too easy to throw money away. We’ve compiled nine helpful reads that outline the most common financial mistakes and tell you how to get around them. With this advice in hand, you’ll be well prepared to navigate any rocky financial waters ahead.
Are you worried about getting swindled out of your savings or losing everything in a crash? Alice Finn, the author of Smart Women Love Money, explains the simple ways to avoid those catastrophes — and warns us about a threat to our earnings one never seems to consider.
We sometimes cling to myths that can set us up for financial failure because of our complicated emotions surrounding money, from overexcitement to anxiety or fear. Here are some of the most persistent untruths — and tips for banishing them once and for all.
With so much going on with work and life, it’s easy to focus on the here-and-now and put aside your bigger financial goals. However, this will leave you scrambling later in life. Think of this article as a map to help you bypass those monetary gaffes.
You know that going to your doctor for regular checkups is important for your physical health, but have you run tests lately on your financial health? You don’t want to wait until you’re having money troubles to seek help. In fact, there may be things you’re doing now that seem like no big deal but could seriously derail your finances.
Lenders look at your credit score, also known as your FICO score, to gauge how likely you are to pay back the money they lend you for a mortgage, auto loan or credit card. Credit scores range from 300 on the low end to 850 on the high end. A “good” credit score is generally considered something in the low 700s or above. Once you get down below 600, it’s hard to get anyone to lend to you at all.
The best thing to do with your 401(k) is set it and forget it. Here’s what you need to know to make that…