We all know we need to save more money, but did you know that saving money actually has positive psychological effects? For instance, having money saved in an account is linked to higher levels of happiness. Saving money can actually lower your stress level and has the power to change your outlook on life from a negative to a positive.
October is Financial Planning Month, and with the new year right around the corner, now is a great time to make sure you are on track to meet your short and long term financial goals. Here are three tips to keep your spending in check and finish the year out strong:
When most people talk about saving money, they usually talk about things like clipping coupons, buying in bulk or cutting back on shopping sprees. These are all solid ideas, but very few people talk about another way to save money—by being a good neighbor.
When you start saving for retirement, you’ll find that a number of investment accounts are set up to aid you in that regard. You’ll also find that one type of account financial experts recommend a lot is a Roth IRA. What is a Roth IRA, though? What advantages does it offers? Also, how many different kinds of IRAs are out there?
We can all stand to be better at money management, but sometimes it can feel really overwhelming to tackle. The good news, you don’t have to make huge, sweeping changes to your life or habits to be better at managing your finances. Try some of these quick tips to help you gain control over your finances.