By: Xavier Epps, Financial Adviser and Owner of XNE Financial Advising, LLC
With the end of the calendar year right around the corner and the holiday season coming to an end, many Americans are gearing up for another busy season…the TAX SEASON! Some already know what they’d like to do with a tax refund if they receive one, and some have embedded plans into their minds on how to utilize refunds right after they’ve received it (i.e., when someone blindly comments, “I know what I’m going to do with my tax refund next year” after they notice they didn’t do anything of significance with the current refund). Learning how to plan wisely for usage of a tax refund is the key to financial success in 2014 and many years to come.
By Ilyce Glink
Managing Editor of Equifax Finance Blog & Contributing Writer, CBS News and Yahoo
The holidays are here, and 2014 is right around the corner. Before you sit down to make that list of New Year’s resolutions, check in on the ones you made last year. Did you save as much as you wanted? Are your retirement goals on track? Did you want to have your credit card paid off by now?
Last week the FINRA Investor Education Foundation released the National Financial Capability Study's Military Survey to gauge how the military makes financial decisions.
The survey revealed that the military population has strong financial capability compared with overall U.S. population. Within the military sample however, entry-listed personnel (E1-E4) rated lowest for financial capability. The survey also revealed that servicemen and women:
More consumers plan to spend more than last year, and fewer consumers will spend less than last year, according to the 14th annual holiday spending survey conducted by the Consumer Federation of America and the Credit Union National Association. Since 2012, the percentage who said they would spend more than the previous year rose from 12 to 13, while the percentage who said they would spend less declined from 38 to 32.
December 5, 2013
This past October, I realized how important saving for emergencies is after needing emergency dental work. I wasn’t happy that I had to dig into my hard earned savings that I had planned to use for a beach vacation, but it was either get the $2,000 procedure or live with excruciating pain. Unplanned life events like these are why I keep an emergency fund. You never know what can happen, and emergencies are almost always untimely and inconvenient. An emergency fund can help soften the blow.