Categories
Personal Finance

New Report from TransUnion Reveals Rising Prices Stifle Canadians’ Personal Finance Optimism

TransUnion More than half of Canadians (56%) surveyed report that inflation and interest rate concerns impact purchasing behavior despite current positivity Q1 2022 TransUnion’s Consumer Pulse study key findings: 56% of Canadians reported being ‘very concerned’ about the inflation rate and associated impacts 60% indicated their current household finances are as planned or better in […]

Categories
Personal Finance

Proposed law would make personal finance a graduation requirement

Jajuan Hoskins, a senior at Rhinelander High School, didn’t hesitate when state lawmakers asked him to rank the importance of his personal finance course. “I would definitely rank this number one,” he said. “Finances are a huge part of adulthood.” His two classmates, also testifying before the state Assembly Education Committee, quickly agreed. The students […]

Categories
Personal Finance

Health savings accounts 2023: Contribution limits, eligibility updates

Healthcare is a major expense for a lot of people during their working years. And often, it becomes an even more burdensome expense during retirement. That’s why it’s so important to set funds aside for future healthcare costs. And health savings accounts (HSAs) are a great bet in that regard. HSAs allow you to set […]

Categories
Personal Finance

New Report from TransUnion Reveals Rising Prices Stifle Canadians’ Personal Finance Optimism

TransUnion More than half of Canadians (56%) surveyed report that inflation and interest rate concerns impact purchasing behavior despite current positivity Q1 2022 TransUnion’s Consumer Pulse study key findings: 56% of Canadians reported being ‘very concerned’ about the inflation rate and associated impacts 60% indicated their current household finances are as planned or better in […]

Categories
Personal Finance

Painless — even fun — ways to learn about money [Personal Finance]column]

The online landscape is littered with horrible personal finance advice: teenagers promoting day trading strategies, “influencers” flogging questionable investment schemes and people with dubious credentials insisting you shouldn’t invest in a 401(k). Outrageous statements and flashy graphics grab attention, but there’s also plenty of sound, factually correct money content out there — and some of […]

Categories
Personal Finance

9 Personal Finance Hacks I Wish I’d Learned in College

At least it would have been nice if someone had given me a heads up on these things right after graduation… When I graduated from college, I had a moderate amount of student loan debt and zero credit card debt. I felt like a budget ninja for not carrying a balance on my card, but […]

Categories
Personal Finance

Should You Invest in I Bonds for Inflation Protection? | personal-finance

(Robin Hartill, CFP®) In normal times, a guaranteed 9.62% return on your money with virtually no risk would be impossible. But with inflation at 40-year highs, that’s exactly what Series I bonds are offering. The US Department of Treasury recently announced that I bonds will pay a 9.62% annual interest rate on bonds issued from […]

Categories
Personal Finance

Kiplinger’s Personal Finance: Financial companies with the best digital tools | businessnews

If you manage your finances on your phone or computer, you know how important it is to work with an institution with user-friendly digital tools. Kiplinger’s Personal Finance recently reviewed apps and websites to find the financial companies with the best digital tools. The bank’s mobile app and website are the most user-friendly of the […]

Categories
Personal Finance

5 Strategies a Personal Finance Guru Used to Overhaul Her Own Finances

Tonya Rapley is an author and speaker on personal finance, with a long wealth-building story of her own. 10 years ago, Rapley had a credit score in the low 500 range, consumer debt, and little savings. She focused on financial stability, pivoted careers, and began investing to get where she is today. Read more from […]

Categories
Personal Finance

3 Investment Ideas for Retirees Right Now

Ah, retirement. Picture long, blissful walks on the beach. Or you’re watching the sunset from the balcony of your cruise ship and thinking: This is it – the way life should be. Then you casually check your smartphone to see how your investment accounts are doing and, gasp! You might not be as rich as […]