How did your money do when the 2007 -2008 recession hit? It wasn't good for a lot of people. Many had to declare bankruptcy or make very tough financial decisions just to stay afloat.It's not a matter of if a financial recession will strike, it's when it will happen. While nobody can accurately predict when the next recession will finally arrive, there are certain steps you can take to "recession-proof" your finances so you will not have to … [Read more...] about How to Easily Recession-Proof Your Finances
Money
How to Effectively Use Credit Cards After Debt
If you haven't followed my blog since it started nearly five years ago, you might not realize I came from a position of overspending and debt. When I started this site, I had just finished paying off the last of my credit card debt. Over $50,000 to be exact. This was on top of another $25,000 we had in consumer loans, like a JetSki, cars, and some personal loans. I battled that debt for four years until it was paid off. Every single … [Read more...] about How to Effectively Use Credit Cards After Debt
6 Money Mistakes You Need to Avoid in Your 60s and Retirement
You have finally reached the light at the end of the tunnel! It’s time to retire and enjoy the fruits of your labor. As you near retirement, there is another batch of money mistakes to avoid so you can afford to remain retired. By using your experience from your working years, you should be able to avoid these common money pitfalls.Those in your 60s and near or in retirement have to be a little more careful than those who are younger. Money … [Read more...] about 6 Money Mistakes You Need to Avoid in Your 60s and Retirement
6 Money Mistakes You Should Avoid in your 50s
We're continuing our missing to help all ages with their money. Doesn't matter if you're a teenager, in your 20s, 30s, 40s, 50s, or retired. Everyone is at different stages in life and in financial security. We already showed those of you in your 50s how to invest, so now it's time to make sure you're not making certain money mistakes that will cause you financial pain as your retire.Your 50s are often the last full working decade you have … [Read more...] about 6 Money Mistakes You Should Avoid in your 50s
6 Money Mistakes to Avoid in your 40s
Your 40s are an exciting decade as your children might be preparing to move away from home, you are near the top of the corporate ladder at work, and you might finally have a large disposable income that allows you to spend a few extra dollars on yourself. As this decade will serve as a transition from being a parent to thinking more about retirement, avoiding these money mistakes can keep your finances on track. Invest Too … [Read more...] about 6 Money Mistakes to Avoid in your 40s
6 Money Mistakes You Need to Avoid in Your 30s
As you enter your 30s, you have probably experienced the transition in life from a single, carefree college grad to getting serious about your future by “settling down” to start a family and paying your dues at work to get the next promotion. While you hopefully avoided these money pitfalls in your 20s, there is another batch of money mistakes to dodge in your 30s!Sound money management is not always easy when you want to start a family, grow … [Read more...] about 6 Money Mistakes You Need to Avoid in Your 30s