When investing, do you consider the company’s impact on the environment, production of harmful products, or questionable business practices? Many would prefer to support groups with a positive mission but often feel that the returns are greater from so-called, “bad boy” companies. This may not be true. Chris Tomlinson for the Houston Chronicle sites financial data from two firms showing that focusing on ESG (environmental, social and governance factors), portfolios can actually outperform those loaded with stocks from corporations known for their cavalier business practices.
In the current anti-tax climate, some towns are finding it hard to produce enough money to keep even basic city services afloat.
- Look for a better credit card rate.
- Lock in a mortgage rate.
- Compare rates on savings (plans and funds).
This is the third hike in recent months following an eight year period where the rates were held in a range of zero to 0.25. For more information on how to best utilize these tips, read the full article here, The Fed Hikes Rates Again: 3 Steps You Should Take Now.
Ever felt like your parents spent too much on one of your siblings?
Money has a special way of bringing out our sense of fairness and our frustrations.
Michelle Singletary for The Washington Post points out that we have two choices when dealing with our feelings about others money decisions, and both require acceptance. Family and money: A lesson in accepting what you cannot change
Ever read an article with tips for saving money and thought how easy it could be to reign in your budget? This couple saved over $50,000 in 2014 by downsizing, eating at home more often, canceling unused subscriptions and going car free. Although the last one is feasible only if you live in an area with public transportation, the rest are simple and applicable to all.
“We stopped a nasty habit we had of reading about great tips and then failing to implement them,” Matt writes. “Avoid our mistakes. … Literally, do something today from this list and start saving money.”
Millennials are often seen as “financial freewheelers,” Zach Witcher says in the first line of his New York Times article, For Millennials, It’s Never Too Early to Save for Retirement. This label actually doesn’t fit all of the 20-30 year olds currently in the workforce, many of whom are already putting money into savings. One important aspect of beginning to save early in life is the amount of time your investment has to grow. Check out the five examples in this article and see how your savings plan stacks up to these young workers.
Is one of your New Year’s goals to better manage your money? Do you often find yourself stressed about your budget, or lack there of? Want to make a real go of saving, paying-off debt and creating financial solvency? Stephen B. Smith for Young Money offers nine suggestions to better manage your finances and to achieve your goals. 9 Nifty New Year’s Resolutions .
May you have health, wealth and happiness in 2017.
Tis the season for giving…
Want to help your teenager or younger child learn more about sharing what they have? Ron Leiber for the New York Times has great recommendations for talking to children about your family’s legacy of both giving and receiving, a history of why you feel it is important to share what you have with others and he offers a simple plan for explaining exactly how you divide the money between various charities.
Proposed changes in the timeline for college financial aid offers will give students more time to weigh their options and make an informed choice about which school is the best fit. Starting this year, families can file FASFA (the Free Application for Federal Student Aid) as early as Oct. 1st. This gives students more time to compare the affordability of various schools and to gather information about their educational programs, leading to a more informed choice and a better college experience.