Here’s a universal truth: If you see you have money in your checking account, you will spend it. Period. The fast track to building up savings starts with opening a separate savings account, so it’s less possible to accidentally spend your vacation money on another late-night online shopping spree.
Putting your money toward purchases like a concert or a picnic in the park- instead of spending it on pricey material objects-gives you more happiness for your buck. The research says so.
About two-thirds of Americans don’t have a written will, according to a 2015 survey. For most people, it’s something they put off or haven’t gotten around to yet. If you die without a will it doesn’t matter what your wishes are. If you want your wishes honored for your possessions, write a will.
http://amp.timinc.net/time/money/4443349/do-it-yourself-will.
Imagine if writing a last will and testament were a pre-requisite to graduating from high school. Is sounds strange when persons have few assets, however, all adults should have a last will and testament. Graduation from college, wedding, entering the military, receiving an inheritance, giving birth, or own a pet – should be an impetus to writing your last will and testament. Does your family know your wishes, if you are in a vegetative state? All good reasons for preparing your last will and testament. Start the process TODAY.
Any adult of sound mind is entitled to make a will. However, you must include the following elements:
- Signed by two witnesses
- Date and sign the will
- In some states, must be notarized
- In some states, must be filed with the state
- Let your executor know where a copy of your will is located
- Hire a lawyer, if you own property, investments, minor children, step-children, an ex-spouse, or other special circumstances.
Recently, Arethea Franklin died without a will and a net worth of 80 million dollars. Experts say that the process of settling the proceeds of this estate is will take a few years and be costly.
Dying without a will, dying intestate requires the government to decide who gets the proceeds from your estate, which requires your family to experience stress until everything is finalized. The family will get what is left over after creditors and debts are paid in full. This may cost the estate millions of dollars and years in court. A will is less expensive than probate court.
https://amp.businessinsider.com/aretha-franklin-reportedly-died-without-a-will-2018-8
Financial literacy is a response to a world that is changing. Companies and corporations look out out for themselves and individuals must become financially savvy to avoid getting scammed. Financial products continue to grow, develop and evolve, and we need to decipher what products are beneficial or dangerous. Read personal finance articles to become more financially literate. Financial Knowledge is Power…
College graduates spent 16 years gaining skills that will help them command a higher salary, yet little time or no time is spent helping them save, invest and grow their money. There are ways for college graduates to learn and teach their parents who may not have had the knowledge to share with their children growing up. Financial literacy is now more relevant than ever.
http://amp.businessunsider.com/financial-literacy-is-a-basic-life-skill-2018-4
Financial literacy is a basic life skill and a need to know – now more than ever. One in 5 teenage students lack basic financial literacy skills, data from the Program for International Student Assessment (PISA) showed. How can it be that Americans live in a capitalist society and understand little about personal finance? It is not taught in most schools or at home. Some employers take the opportunity during pre-retirement planning… By then persons are middle age and are least likely prepared to handle the enormous info they receive at retirement. Only 17 states require personal finance courses, it maybe many teachers are ill-equipped to teach personal finance.
http://amp.businessunsider.com/financial-literacy-is-a-basic-life-skill-2018-4
PayActiv is service offered through an employee’s employer to advance case in the form of a low interest loan versus a high interest payday loan. We located a website the answers questions you may have before you consider borrowing.
What is PayActiv? A financial wellness program that employers can offer employees to help them overcome financial needs between paychecks.
What is the membership fee? Is a flat fee paid by the employees only when they access services.
For more information visit: www.payactiv.com
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