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7 Ways to Go Broke

Finding tips to save money is easy, but what are the things that make us go broke? If you’re doing any of the following you might already be on the path of financial destruction. Having too many credit cards The obvious way to go broke is by abusing credit. Having multiple credit cards is pretty normal, but having them …

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6 Money Myths for Millennials to Stop Believing

Chances are you’ve fallen for at least one of them. We’re talking about money myths — those erroneous financial proclamations that get passed down from generation to generation as fact. You know, things like “buying in bulk is always better” and “buy low and sell high” when investing. But there’s a set of money misconceptions …

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8 Money Lessons to Learn Before You Turn 40

By AJ Smith, Credit.com Reaching your fifth decade is a milestone, and hopefully you have learned a few things on the way. Here are some of the important financial lessons that are good to learn before turning 40. 1. Keep Your Housing in Check Since the median age of first-time homebuyers is 31, you’ve likely …

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Is Divorce the Best Option for Older Americans?

“Will you still need me? Will you still feed me? When I’m 64?” The Beatles first released these quaint, clarinet-fueled lyrics in 1967 when the loving answer to these questions was a resounding, “Yes!” Traditional marriage vows echo this sentiment in that they presuppose a relationship span that encompasses young and old age, wellness and …

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The Great Illusion of Retirement Savings

The nation is facing a looming retirement income crisis. Average retirees today are not well off. Tomorrow’s average senior is likely to be in worse shape. Instead of addressing this looming crisis, too many of the nation’s policymakers and elites propose to make it worse. They tell the American people that Social Security’s earned benefits …

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The 7 Money Mistakes That Parents Make

When it comes to teaching our kids about money, the one right way does not exist. There are, however, things that all parents can do to guide them along a path and empower them to learn good financial habits. Money Mistake 1 – Paying An Allowance A danger with automatically giving an allowance is that …

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