Many people in the society usually spend their practical life making money and spending it. They do not even care about what are they going to do when the time of their retirement comes. These people usually end up having troubles in their later retirement life. So it is a wise decision for a person to plan his retirement at a proper time. Everyone should also keep this thing in mind that there is no age limit as to when one should start acting on his retirement plan. Continue reading
If asked, all of us would have a long list of to do list for our Government. But, does our government have that sort of funds to improve some important sections of our society without putting the ultimate burden on the downtrodden? Treasurer Joe Hockey has hinted otherwise and warned the people to be ready to bear the burden. Continue reading
Famous American economist, Dent, stated that the rise in the house price in Australia is a bubble and it is sure to collapse at the start of this year. He said that the current Australian house prices are unsustainable and would at least fall by 27% in the main cities like Sydney and Melbourne, in a couple of years. Continue reading
People are always told that they are not saving enough for their retirement. According to Yahoo Finance, however, people, sometimes, take up extra steps and start to over-save for their retirement, due to fear of penury. How do you find the exact goal to meet so that you would have a peaceful and financially stable retirement? Continue reading
Every year, we hear different versions of how people get in the web of mortgages and eventually, have to lose their dear possessions. We have some good news for you: the old basic, trap-less mortgage is back.
Richard Cordray of the USA Today has stated that the Consumer Financial Protection Bureau issued the new rules to ensure transparent borrowing experience to consumers. Now, no more going from desk to desk at your bank for the remedy to your mortgage issues; it has all been eliminated. Continue reading
Managing your finances is money management, that’s true, but is it as simple as it sounds, and if it is, then how should you go about it?
Concept of Money Management
The key to managing money is controlling expenses, according to News.com.au. We normally do not realize how much money we spend until we exhaust the complete paycheck, by the end of the month. Why does that happen? It happens simply because we do not segregate needs and wants and over-splurge. Continue reading
Stocks are ready to rebound, housing price is reaching all time highs and jobs are becoming scarce; this is the real condition of 2013 economic status in the USA, Paul J. Lim of CNN stated. What will be the economic condition in the coming year? People need to know about it, in order to build up a portfolio of their shares and bonds and also to decide about their other investment decisions. Continue reading
The new mortgage rules that will take effect from January 10, 2014 would certainly make it difficult for borrowers as far as exploring different choices are concerned. As per the new rule, banks should take care to ensure that the mortgage EMI’s are designed in such a way that they become affordable for the customers, states Les Christie of CNN Money. This is perhaps the result of the Dodd Frank Law that was passed in 2010. Very stringent penalties await those who do not follow this dictum. Continue reading
Though $ 177,000 inheritance that an average American might look good at first sight, it certainly compares very poorly with other developed countries in the world. According to Blake Ellis of CNN Money, they are ranked 6th in the list and are not so very well off, when compared to Australians who leave behind around $500,000 as inheritance for their next generation. The survey was conducted by HSBC and covered around 16,000 people in 15 countries. Continue reading