While there may be a plethora of financial information available on the internet, it can be hard to know which advice to trust. Thatâ€™s why, as a courtesy to you, American Financial Solutions offers â€œInvesting in Yourself,â€ a free 10-chapter financial course designed to catch you up to speed on the basics of managing your money.
The most stereotypical, pre-marriage conversation that can make or break a relationship is generally about children. A conversation many couples unfortunately neglect is one regarding financial goals, which is too bad considering money can be one of the most contentious aspects of marriage. A study performed by Utah State University found couples who argued about finances at least once a week were more than 30 percent more likely to divorce.1 Their survey examined a variety of indicators to determine which aspects of marital discord were the most reliable forecaster for divorce. Of all the potential disputes analyzedâ€“ranging from sex and quality time spent together to in-laws and household choresâ€“disagreements about finances turned out to be the most accurate signal that divorce was a likely outcome.
Everyone has dreams and life goals. For you that may be homeownership, sending your kids to college, comfortably retiring or all of the above. Reaching these goals takes time and a well-thought-out saving strategy.
Here are some worrisome facts if you are female: Women are twice as likely as men to live below the poverty line during retirement. This is especially true for single and minority women. And women continue to make less during their working years than men. The good news is that despite the unique challenges women face when it comes to saving and planning for retirement, women continue to outperform men when it comes to investing.
The U.S. Department of Education's decision to reverse it's rule on the addition of collection fees to student loans may cost borrowers thousands of dollars.
Maybe you have heard your parents or grandparents talk about a mortgage burning party and wondered how they ever finished paying off their home loan. While it may seem like a daunting task to reduce the amount of time and interest you pay on a mortgage, there are at least five things you can do to pay a mortgage off early.