Financial planning

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Three Facts That Show Why Financial Literacy Is Especially Important For Women

First, my disclaimer: It’s important that women and men understand their finance! All adults need to have a basic understanding of money management. However, on average men are still the ones to manage the family long-term financial planning, including: savings, investments, retirement, management and insurance. A UBS survey of high net worth married women, widows, and divorcees found that while 85% of the women

Hard Financial Planning Lessons Learned From The Government Shutdown

The Federal Government shutdown is approaching its fourth week. According to the Washington Post, over 800,000 American workers have missed their first paycheck. As the shutdown continues there are many unfortunate stories about the personal hardship thousands of Americans are facing. An unexpected loss of income is an upsetting personal and financial setback. As a financial

5 Steps Everyone Must Know to Become Financially Literate

Legendary investor Warren Buffett used to say that the greatest risk in investing is when you don’t know what you are doing. Very often, many people invest in financial products that they don’t understand. They act based on their emotions without the appropriate investment information. They rely on recommendations made by friends or relatives rather

The Stubborn Wealth Gap Between Men and Women

The #MeToo movement has shed light on the gender gaps that exist in wages and representation in executive suites across industries. But there’s another, even larger gender gap that doesn’t get as much attention: the wealth gap, according to a new report by Bank of America Merrill Lynch and Age Wave, a consulting firm focused

This Is How Much Debt the Average American Has Now—at Every Age

Americans have fallen back in love with debt. Total household debt—a category that includes mortgages, student loans, and car loans along with credit card and other debt—dipped in the wake of the Great Recession, but it has since steadily rebounded in the years since. Overall, Americans’ debt hit a new high of $13 trillion last

5 Apps Perfect For Year-End Financial Planning

Year-end financial planning isn’t something to overlook until the very last minute. Staying on top of this matter could lead to tax relief and help ensure you meet your short- and long-term savings goals. Furthermore, being proactive about financial planning could also save you time and money if you choose to get help from a professional as the year

The Solution To Income Protection Gaps Could Be An App

With its potential to profoundly reshape traditional industries, disruptive technology is justifiably popular among investors, but the reception is considerably more wary among the disrupted—workers who have traded greater flexibility for diminished security. The sharing economy is rich in opportunities, but for many employees the long-established safeguards enjoyed by previous generations are about as familiar