Financial freedom means gaining back peace of mind, so you can make space to focus on the things that matter to you.
When you think of the financial situation many Americans are in presently, you can see what a big deal it is when even a “small” monetary gift comes along. We spoke to an expert about responsible ways to handle unexpected money.
Should you go with the plan we just discussed—which I, personally, did—your child can use the interest her principal is earning to cover bills. I know that helped me quite a bit when I’d just graduated college and was facing funding my whole life for the first time. I was earning interest of about $350 a month from my custodial account, using that to pay for my car and phone bill, and not touching the principal.
(Smart Money) — During the stock market’s recent swoon, J.J. Burns has been getting the same message from his clients. “Keep me out of the stock market,” they tell the New York–based adviser. But they also have another request: “Make me money in the market if it soars.” So Burns, who manages more than $300 million for clients, […]
(Black Enterprise) — The hardest part about being young and trying to navigate the sometimes confusing maze of personal finance is finding the right resources. While there are plenty of helpful books and Websites available, the hardest part is finding them. Check out these money sites that are sure to help Gen Y-ers get a […]