There are a variety of financial management tools and applications available today that can be used to help you manage your money. From software applications to phone apps, there’s no shortage of help available.
Retirement can sneak up on you.
In a recent survey by JumpStart Coalition for Financial Literacy, only 26 percent of those between the ages of 13-21 said that they had been taught how to manage money. Yet, when they turn 18, kids are signing contracts for student loans, opening credit card accounts, and in many instances, living away from home with little financial guidance available.
While so much of personal finance is common sense – don’t spend more than you make, don’t buy a house you can’t afford, start to invest money while you’re young, many young people today enter the workforce fresh out of college, with a boatload of student loans, and with no clue how to properly manage their money.
When most investors think of investing, stock picking comes to mind. But top researchers have concluded that while most people believe individual stock selections are the key to growth, differences in asset allocation better impact total portfolio returns.
It’s the largest sweeping tax reform in decades and it’s packed with some complexity. But for individuals and families, Bradford delivers these important highlights of the Tax Cuts and Jobs Act.
Let’s start with a few important areas unaffected by this reform:
It’s no surprise that studies show young adults are not into insurance. There are too many other financial challenges to worry about, such as paying off crushing student loan debt and saving for future goals. Actually, other studies show that younger adults would rather spend their money on such things as travel premium TV streaming services than use it to buy life insurance.