No one wants to think about all the things that can go wrong in the course of modern life – and they really don’t want to think about how to pay for it. But an emergency savings account is a cornerstone of financial wellness.
Finances are complicated. Gone are the days of one checking account, one savings account, and a pension for the future. People today are bombarded with advice, decisions, and complex financial products that can make planning for the future with confidence seem daunting.
Debt sometimes is treated like a bad word. When managed correctly, the right kind of debt can be a useful financial tool. Paying off debt in a timely manner and not letting it get out of hand is certainly important. But managing debt is still just one part of your bigger financial picture.
School can cause anxiety – and not just for the students! As costs for education rise, parents today should start thinking about saving for college earlier than ever before. Planning and saving early can be a significant contributor to success.