5 simple strategies to help you improve your money management skills.

 

Taking steps to achieve financial health is just like setting a goal to lose weight – it doesn’t happen overnight. Setting yourself up for financial success requires time, dedication and maintenance. Still, many people want to see results quickly or they lose the drive to make critical financial changes. This may explain why 40 percent of Americans admit to struggling financially and can’t stay ahead of their bills, according to a 2016 survey from the Consumer Financial Protection Bureau.

Read Entire Article:  https://money.usnews.com/money/personal-finance/saving-and-budgeting/articles/2018-01-31/5-smart-ways-to-improve-your-financial-health

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Helpful financial advice for 2018.

As you think about 2018 and your goals for the new year, consider putting a plan to start the new year off on the right financial foot at the top of your list.  It’s well worth spending some time thinking about your money at the start of the year so you can achieve your goals as quickly as possible.

Gather your data

Start the new year by taking stock of all things financial in your life, your income and expenses, your assets, including your retirement accounts, and your liabilities, your insurance policies, your income tax returns, and your wills, trusts and other estate planning documents. Try to identify gaps in your financial plan. Examine, for instance, if you have enough life and disability insurance in place or if your estate plan is in order.

Read Article:  https://www.usatoday.com/story/money/columnist/2017/12/29/heres-how-start-2018-right-financial-foot/966316001/

Helpful financial advice for 2018.

As you think about 2018 and your goals for the new year, consider putting a plan to start the new year off on the right financial foot at the top of your list.

It’s well worth spending some time thinking about your money at the start of the year so you can achieve your goals as quickly as possible.

Here’s how you can get started:

Gather your data

Start the new year by taking stock of all things financial in your life, your income and expenses, your assets, including your retirement accounts, and your liabilities, your insurance policies, your income tax returns, and your wills, trusts and other estate planning documents. Try to identify gaps in your financial plan. Examine, for instance, if you have enough life and disability insurance in place or if your estate plan is in order.

Read Article:  https://www.usatoday.com/story/money/columnist/2017/12/29/heres-how-start-2018-right-financial-foot/966316001/

4 Characteristics of Recession-Proof Companies

By Marvin Dumon | Updated October 24, 2017 — 1:26 PM EDT

How to Spot a Recession-Proof Company

Investors hoping to minimize downside risks arising from a recession should look out for the following qualities in a company:

1. The company provides critical repair and maintenance services, or sells essentials.
Companies that provide nonessential services are typically the first to get hit in a recession. Consumers can choose to cut their own grass or paint their own houses, for example, putting the residential contractor in tough financial times.

Read more: 4 Characteristics Of Recession-Proof Companies https://www.investopedia.com/articles/fundamental-analysis/09/recession-proof-industries.asp#ixzz4zni9qRZT
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Global finance leaders warn against complacency

WASHINGTON — Global finance leaders on Saturday appealed to central bankers to stick as long as possible with low-interest rate policies that have made borrowing attractive and helped safeguard an improving but still fragile world economic recovery.

Declaring the “recovery is not complete” even eight years after the 2008 financial crisis, the 189-nation International Monetary Fund wrapped up its fall meetings with a communique warning “there is no room for complacency” as nations confront new challenges to global growth from a range of threats, including cyber-security attacks and more violent weather patterns linked to climate change.

Read Article:  https://www.pbs.org/newshour/economy/global-finance-leaders-warn-complacency