Five Tips for Negotiating Your Salary at a First Job

business woman happy with money rain The job market has been so disappointing for so many years that many new grads are simply happy for a job -- any job that pays. This reality is reflected in the current pay that many college grads can expect to see. Right now, reports the Economic Policy Institute, new grads are earning less for their first jobs than new grads did 15 years ago. You can buck the trend, though, by negotiating your first salary. Many grads are reluctant to negotiate salary, but the reality is ... KEEP READING

Ignore the Headlines: How to Invest the Right Way

1929crashWhether we like it or not, money is emotional. We know that we need to separate emotion from our money, but it can be easier said than done. This is especially the case when it comes to investing in the stock market. Our emotions can motivate us to make rash decisions when we see our brokerage and 401(k) accounts lose value. We begin to believe what our emotions are telling us and want to act. Whether you realize it or not, this emotion finds an enabler in one thing – headlines.

Is The Sky Really Falling?

The stock market has seen ... KEEP READING

How To Save for Retirement on a Low Income

RetirementSaving for retirement is something most of us know we need to do, but can easily get lost in the traffic of other needs. This is especially true when you’re trying to save for retirement on a low income. A recent poll indicated that nearly half of Americans aren’t investing in the stock market. The main reason given was lack of money. There very well may be times where you simply can’t put money aside for the future. It makes sense, on one level, when your budget is tight to justify not investing. However, you don't want to be guilty of ... KEEP READING

How to Financially Prepare for Overseas Travel

TravelWith the dollar the strongest it’s been in years, now might be the perfect time to travel overseas -- especially to Europe. Before you hop on that airplane, though, you want to make sure you’re financially prepared for your trip. Here are a few things to do ahead of time so that you are ready for your overseas adventure:

Deposits for Bookings

Depending on your travel arrangements, you might need to make deposits for various bookings. Whether you place a deposit for accommodations, a tour or a cruise, you need to be prepared. How is the deposit applied to your total price? Also, you should read the fine ... KEEP READING

Can You Reach Your Goals Without Investing in the Stock Market?

investingIf you have invested in the stock market during the past decade, your mettle has almost certainly been tested. With the Great Recession came days and months of wild market swings. Seasoned investors have seen their retirement portfolios take significant hits and younger investors have been left with a taste of distrust in their mouths. This latter point is bared out in a recent UBS study that reveals that Millennials have over 50 percent of their savings in cash, with a mere 28 percent in stocks. The desire to avoid risk aside, having so much concentration in cash and little exposure to the stock ... KEEP READING

Stay at Home Parent or Continue to Work?

stay at homeOne of the conundrums that modern parents face is whether to stay home or to continue working at a traditional job. In two-parent homes, sometimes there are questions about which parent should stay home, and which should continue on a traditional career path. As you attempt to determine what path is right for you, here are some things to consider:

Current Financial Situation

Your first consideration is your current financial situation. If you have a two-income household, can you afford to slim down to one income? Take an honest look at your budget. If you experience difficulty paying your bills now, chances are you won’t ... KEEP READING

4 Things to Know About Starting Your Side Hustle

side-hustle-051115-01The college class of 2015 faces the best job market in years, but that doesn’t mean that everyone is ready to get back to the business of relying solely on a traditional career path for financial prosperity. Millennials remember the difficulties associated with the post-recession job market, and they remember seeing the hardships their parents faced. It’s no surprise that many millennials are more interested in income diversity than they are in putting their faith in a long-term job with the same company. Indeed, 35% of employed millennials have started their own businesses on the side, ... KEEP READING

What to Expect When Expecting- The Retail Version

BabymoneyAs a parent-to-be, it’s difficult to feel sure about what you’re doing, and you want to do what’s best for your child. The result of the desire to do what’s best for your new baby is, too often, buying a pile of things that aren’t actually needed. According to the USDA, the average cost to raise a child to the age of 18 is $245,000. This includes costs like housing, transportation, child care, and food. And, of course, the spending often starts before baby even arrives. Many babies arrive home to carefully outfitted nurseries and plenty of ... KEEP READING

Ignorance is Not Bliss, 3 Things You Need to Know

headinsandLife is busy. Depending on your life stage, not only do you need to focus on your career, but you also have family, finances and building a future to consider. With such a full plate, it can be easy to focus on things you are knowledgeable about while allowing other things you feel less informed of to fall by the wayside. If you’re hoping those things will take care of themselves without your guidance or that they magically won’t matter since they’re off your radar, you could be in for a rude awakening. Ignorance or avoidance might work for some things, but for many financial issues it’s simply not a solution. Knowledge is ... KEEP READING

Millennials Have Goals, But Lack Comprehensive Financial Plan

76% of respondents would utilize online solutions for advice

  Nashville, Tenn., April 7, 2015 -- iQuantifi, a virtual financial advisor that provides comprehensive, goal-based planning advice to millennials and young families, announced today the results of its first annual survey on the financial habits of millennials, finding that while almost three quarters (72%) set financial goals, very few (20%) have a plan to achieve those goals. The Millennial Money Mindset Survey, conducted in partnership with Middle Tennessee State University, also revealed that most millennials ages 21-34 seek financial advice from a family member (71%) or friend (45%). Only 29% of respondents said they have sought advice from a professional, such as a traditional financial adviser. Millennials are interested in using online solutions to plan their futures, with 76% saying they would consider utilizing a free ‘app’ or online tool to ... KEEP READING