If you are facing challenging financial stress due to the coronavirus, you are not alone. Even in 2019, before the virus, most Americans were not financially healthy according to research by the Financial Health Network https://finhealthnetwork.org/research/u-s-financial-health-pulse-2019-trends-report/?utm_source=nyt-paid-post&utm_medium=pulse-button&utm_campaign=nyt-paid-pulse“In a year-over-year analysis, the second annual U.S. Financial Health Pulse report reveals that the majority of Americans are still…
Category: financial fitness
First step in budgets is to take a step back
“New Year, new budget” or “New Year, no budget” Which are you?Yes, it’s well past the new year (Happy Spring Equinox), but with so many people losing jobs, getting work hours cut, or having their financial life in a turmoil, maybe now is the time to revisit the “B” word. Actually, I much prefer the…
Financial decisionmaking decline in older adults
A recent study confirms that seniors become more confident in their ability to make financial decisions at the same time that their financial knowledge and decision making skills are declining… an ominous combination. “Although episodic memory and financial literacy score decline at roughly the same rate after age 60, confidence in financial decision-making ability remains…
New Year, Fresh Start by Jonathan Clements
“WANT TO GET YOUR FINANCES headed in the right direction? Below are nine steps to take in 2017. With each step, I’ve included links to the relevant sections of HumbleDollar’s money guide.” http://www.humbledollar.com/money-guide/main-menu/Here is a summary of Jonathan Clements‘ “New Year-Fresh Start.” Read the details at: http://www.humbledollar.com/2017/01/new-year-fresh-start/1. Ask why.2. Size up your opportunities.3. Get started…