When it comes to saving money, you need a sense of urgency about the NEED to save – driven by your many future financial needs, longer life expectancy, and the fact that it is increasingly your responsibility to fund your own future. You also should be motivated to WANT to save – because of the exciting power of compounding and the fact that your money can grow (your money can … [Read more...] about How to Stay in POSITION to Save Money
family finance
Why You Should WANT to Save Money
It is one thing to create a sense of urgency about the need to save money. It is another thing, and an important priority for me, to motivate people to WANT to save money. To do this, my goal is to help people conclude for themselves that they should save. Why should we WANT to save money? The short answer – money can grow due to the miracle of compounding! A slightly more … [Read more...] about Why You Should WANT to Save Money
Why You NEED to Save Money
Why do we need to save money? The short answer - to be prepared for the future. A slightly more detailed answer is to be prepared for future financial needs and life events, because we are generally living longer, and because it is increasingly our responsibility to take care of ourselves (with just a small percentage of workers now set to receive a pension). Future financial … [Read more...] about Why You NEED to Save Money
Your Guide to Teaching Children About Money – Starting Steps
These are truly unprecedented times. One thing is for sure, I have never appreciated healthcare workers, truck drivers, or cashiers more than I do now. Turning our economy off, like a light switch, while necessary to ‘flatten the curve’, is a shock with no historical precedent. There are many small businesses that will quickly run out of cash, and likely never come back. Sadly, … [Read more...] about Your Guide to Teaching Children About Money – Starting Steps
