Saving

Do you find yourself living from paycheck to paycheck? Do you worry about how you can make your next credit card payments? Even worse, do you feel helpless when you try to think about how you'll ever manage to retire at 65 (let alone “freedom 55”) or do you try not to think about it all? Most important, do you feel overwhelmed at the idea of coming up with a personal budgeting kit...

If you have considered saving and investing for a certain goal, such as a house, a child’s education, or your own retirement, you’ve undoubtedly wondered the best way to go about it, and whether or not an investment advisor would be worth the, ahem, investment.

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Unlike couples of the Baby Boomer generation, where sharing a bank account was nothing out of the ordinary, young couples today have quite different financial needs and attitudes toward their accounts. According to a poll conducted by RBC in Canada near the end of 2009, only 10 percent of Gen X/Gen Y couples between 18 and 35 hold all of their financial accounts and products jointly. Is this the right way to approach couples' finances?

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Debt is different from expenses. Expenses are something you have to have, like food and clothing. Debt is something you want but don′t have the cash to pay for. You can control expenses and you can also control your debt load.

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Banks can be surprisingly expensive places to do business, but many people don't pay attention to what their bank is costing them. Banks provide you services which they change for. In tough economic times, you really should check the costs of those services...

It is always a good idea to have at least a simple budget to manage your income. In difficult economic times, a personal budget is especially important. In this article we describe the basic steps you should take. You do not need accounting software — a paper notebook and a calculator will be enough...