Category: personal finance

A Simple 3-Step Budget That Can Change Your Life

Budgets are like training wheels: They help you get moving and offer you confidence as you learn how to balance. I wish I could come up with a better word than “budget” for managing money. While I’ve made peace with the word, it still conjures up synonyms like whip, drudgery and cruel master. Personally, I…


7 Recession-Proof Industries to Protect Your Money

Recessions are part of the business cycle. However, this doesn’t mean they must be painful or destructive to our finances. Many industries hold their own and even thrive during economic downturns. The secret is finding these recession-proof industries. It’s unfortunate, but there’s simply no way around recessions. We all have to go through them. Read on as…


10 Ways to Overcome Ageism While Job Hunting During Retirement

It’s never too late to start a new job. It’s estimated that, on average, a typical American worker now has more than ten jobs over the course of their lifetime. But unfortunately, whether you’re inspired to enter a new field or want a new job after you retire, one of the biggest obstacles to re-entering the workforce can…


As a Senior, Does It Make Sense to Refinance My Primary Home?

If you are a senior and are retired—or about to be—you may wonder if it would be a good idea to refinance your home. Doing so could lower your monthly payments and free up more of your retirement income to enable you to live more comfortably. While getting a home refinance could benefit your financial…


25 Retirement Gifts for Men

There’s more to retirement than just acknowledging decades of hard work and dedication. After work, you finally have the chance to pursue things you’ve always dreamed about. ‌Maybe you want to learn a new skill, travel, or kick back and relax. Whether it’s a gift for a retiring family member, friend, work colleague, or boss, here…


Closing Prices for Crude Oil, Gold and Other Commodities (Aug. 8)

Benchmark U.S. crude oil for September delivery rose $1.75 to $90.76 a barrel Monday. Brent crude for October delivery rose $1.73 to $96.65 a barrel. Wholesale gasoline for September delivery rose 3 cents to $2.89 a gallon. September heating oil fell 4 cents to $3.18 a gallon. September natural gas fell 47 cents to $7.59…


3 Ways to Fight Inflation and Win the Long Game

Inflation is scary. Groceries, gas, airfare, car purchases, utilities. In so many areas, your buying power is shrinking as prices continue to rise. Fear can make you want to do something—anything—to fight back. Thankfully, many of the best moves to counteract inflation align beautifully with time-tested money management practices. Here are three areas where smart…


Top US Housing Bubbles

Many cities are experiencing housing bubbles. Some reasons include pent-up buying left over from the pandemic, or people who are nesting more since they are working remotely. In addition, many people are using real estate as a hedge against inflation. And some are just following jobs and lower state taxes. When choosing your next home, it’s…


Trump Tells Americans to Brace for ‘A Lot Worse’ Than Recession, Says Only One Thing Can Fix It

Former President Donald Trump has warned Americans to brace for something “a lot worse than a recession” while blaming the Biden administration’s poor stewardship of the economy for soaring inflation and denouncing the tax hikes in the latest Democrat spending bill. Trump made the remarks at the Conservative Political Action Conference (CPAC) in Dallas on Saturday, where the…


11 of the Easiest Ways to Protect Your Retirement Money

It’s no secret that it’s hard to plan for retirement. ‌In addition to growing a sizeable nest egg, you must protect it from ‌external factors like market‌ ‌volatility, inflation,‌ ‌and unforeseen expenses. And, to be brutally honest, that’s been tough as of late. Northwestern Mutual’s 2022 Planning & Progress Study shows that personal savings are down 15…