Hot List Names

Hot List Names

The Hottest Places For Your SEO, Business Marketing, And Online Advertising On The Planet

Menu
  • Home
  • Categories
    • Local Marketing
    • Office Furniture Guide
    • PPC Guide
    • Search Engine Optimization
    • Senior Citizen Home Care
    • Senior Citizen Medication
    • Social Media Advertising
    • Web Design
  • About
  • Contact
  • Privacy Policy

Category: Money Management

Mint Money Audit 6-Month Check-In: How Did Michelle Allocate Her Windfall?

February 1, 2021
| No Comments
| Debt, Education, Financial Planning, Frugal Living, Investing, Money Management, Mortgage, Personal Finance, Real Estate, Retirement, Student Loans

In March I offered some financial advice to Michelle, a Mint user who was struggling with debt, a lack of retirement savings and a bit of family financial drama amongst her siblings. Michelle was anticipating a cash bonus from her…

Full Story

The post Mint Money Audit 6-Month Check-In: How Did Michelle Allocate Her Windfall? appeared first on MintLife Blog.

Read More »

Posted in <a href="https://www.hotlistnames.com/category/debt/" rel="category tag">Debt</a>, <a href="https://www.hotlistnames.com/category/education/" rel="category tag">Education</a>, <a href="https://www.hotlistnames.com/category/financial-planning/" rel="category tag">Financial Planning</a>, <a href="https://www.hotlistnames.com/category/frugal-living/" rel="category tag">Frugal Living</a>, <a href="https://www.hotlistnames.com/category/investing/" rel="category tag">Investing</a>, <a href="https://www.hotlistnames.com/category/money-management/" rel="category tag">Money Management</a>, <a href="https://www.hotlistnames.com/category/mortgage/" rel="category tag">Mortgage</a>, <a href="https://www.hotlistnames.com/category/personal-finance/" rel="category tag">Personal Finance</a>, <a href="https://www.hotlistnames.com/category/real-estate/" rel="category tag">Real Estate</a>, <a href="https://www.hotlistnames.com/category/retirement/" rel="category tag">Retirement</a>, <a href="https://www.hotlistnames.com/category/loans/student-loans/" rel="category tag">Student Loans</a> Tagged <a href="https://www.hotlistnames.com/tag/401k/" rel="tag">401(k)</a>, <a href="https://www.hotlistnames.com/tag/all/" rel="tag">All</a>, <a href="https://www.hotlistnames.com/tag/budget/" rel="tag">Budget</a>, <a href="https://www.hotlistnames.com/tag/buy/" rel="tag">Buy</a>, <a href="https://www.hotlistnames.com/tag/cons/" rel="tag">cons</a>, <a href="https://www.hotlistnames.com/tag/credit/" rel="tag">Credit</a>, <a href="https://www.hotlistnames.com/tag/credit-card/" rel="tag">credit card</a>, <a href="https://www.hotlistnames.com/tag/debt/" rel="tag">Debt</a>, <a href="https://www.hotlistnames.com/tag/debt-management/" rel="tag">Debt management</a>, <a href="https://www.hotlistnames.com/tag/education/" rel="tag">Education</a>, <a href="https://www.hotlistnames.com/tag/family/" rel="tag">Family</a>, <a href="https://www.hotlistnames.com/tag/finance/" rel="tag">Finance</a>, <a href="https://www.hotlistnames.com/tag/financial-advice/" rel="tag">Financial advice</a>, <a href="https://www.hotlistnames.com/tag/financial-literacy/" rel="tag">Financial Literacy</a>, <a href="https://www.hotlistnames.com/tag/financial-management/" rel="tag">financial management</a>, <a href="https://www.hotlistnames.com/tag/financial-planning/" rel="tag">Financial Planning</a>, <a href="https://www.hotlistnames.com/tag/financial-wize/" rel="tag">Financial Wize</a>, <a href="https://www.hotlistnames.com/tag/financialwize/" rel="tag">FinancialWize</a>, <a href="https://www.hotlistnames.com/tag/home/" rel="tag">Home</a>, <a href="https://www.hotlistnames.com/tag/house/" rel="tag">house</a>, <a href="https://www.hotlistnames.com/tag/insurance/" rel="tag">Insurance</a>, <a href="https://www.hotlistnames.com/tag/investing/" rel="tag">Investing</a>, <a href="https://www.hotlistnames.com/tag/investment/" rel="tag">investment</a>, <a href="https://www.hotlistnames.com/tag/ira/" rel="tag">IRA</a>, <a href="https://www.hotlistnames.com/tag/life/" rel="tag">Life</a>, <a href="https://www.hotlistnames.com/tag/loans/" rel="tag">Loans</a>, <a href="https://www.hotlistnames.com/tag/money/" rel="tag">money</a>, <a href="https://www.hotlistnames.com/tag/money-audit/" rel="tag">Money Audit</a>, <a href="https://www.hotlistnames.com/tag/money-management/" rel="tag">money management</a>, <a href="https://www.hotlistnames.com/tag/mortgage/" rel="tag">mortgage</a>, <a href="https://www.hotlistnames.com/tag/personal/" rel="tag">Personal</a>, <a href="https://www.hotlistnames.com/tag/personal-finance/" rel="tag">Personal Finance</a>, <a href="https://www.hotlistnames.com/tag/property/" rel="tag">property</a>, <a href="https://www.hotlistnames.com/tag/pros/" rel="tag">pros</a>, <a href="https://www.hotlistnames.com/tag/real-estate/" rel="tag">Real Estate</a>, <a href="https://www.hotlistnames.com/tag/refinance/" rel="tag">Refinance</a>, <a href="https://www.hotlistnames.com/tag/retirement/" rel="tag">retirement</a>, <a href="https://www.hotlistnames.com/tag/saving/" rel="tag">Saving</a>, <a href="https://www.hotlistnames.com/tag/savings/" rel="tag">savings</a>, <a href="https://www.hotlistnames.com/tag/student/" rel="tag">student</a>, <a href="https://www.hotlistnames.com/tag/student-loans/" rel="tag">Student Loans</a>, <a href="https://www.hotlistnames.com/tag/taxes/" rel="tag">taxes</a>, <a href="https://www.hotlistnames.com/tag/tips/" rel="tag">tips</a>, <a href="https://www.hotlistnames.com/tag/will/" rel="tag">will</a>

10 Ways to Save on College 

February 1, 2021
| No Comments
| Education, Money Management

The post 10 Ways to Save on College  appeared first on Penny Pinchin' Mom.

College is expensive, there’s no debating that fact. The average amount of money borrowed to obtain a bachelor’s degree was $29,000 in 2017/2018, according to the College Board, That’s a whole lotta money (and it’s a number that’s only likely to go up). If you want to avoid years and years of debt payoff after … Read More about 10 Ways to Save on College 

The post 10 Ways to Save on College  appeared first on Penny Pinchin' Mom.

Read More »

Posted in <a href="https://www.hotlistnames.com/category/education/" rel="category tag">Education</a>, <a href="https://www.hotlistnames.com/category/money-management/" rel="category tag">Money Management</a> Tagged <a href="https://www.hotlistnames.com/tag/all/" rel="tag">All</a>, <a href="https://www.hotlistnames.com/tag/build/" rel="tag">build</a>, <a href="https://www.hotlistnames.com/tag/college/" rel="tag">College</a>, <a href="https://www.hotlistnames.com/tag/credit/" rel="tag">Credit</a>, <a href="https://www.hotlistnames.com/tag/credit-card/" rel="tag">credit card</a>, <a href="https://www.hotlistnames.com/tag/debt/" rel="tag">Debt</a>, <a href="https://www.hotlistnames.com/tag/debt-payoff/" rel="tag">debt payoff</a>, <a href="https://www.hotlistnames.com/tag/education/" rel="tag">Education</a>, <a href="https://www.hotlistnames.com/tag/employment/" rel="tag">employment</a>, <a href="https://www.hotlistnames.com/tag/extra-money/" rel="tag">Extra Money</a>, <a href="https://www.hotlistnames.com/tag/financial-wize/" rel="tag">Financial Wize</a>, <a href="https://www.hotlistnames.com/tag/financialwize/" rel="tag">FinancialWize</a>, <a href="https://www.hotlistnames.com/tag/food/" rel="tag">Food</a>, <a href="https://www.hotlistnames.com/tag/gas/" rel="tag">gas</a>, <a href="https://www.hotlistnames.com/tag/getting-out-of-debt/" rel="tag">Getting Out of Debt</a>, <a href="https://www.hotlistnames.com/tag/home/" rel="tag">Home</a>, <a href="https://www.hotlistnames.com/tag/how-to/" rel="tag">How To</a>, <a href="https://www.hotlistnames.com/tag/insurance/" rel="tag">Insurance</a>, <a href="https://www.hotlistnames.com/tag/job/" rel="tag">job</a>, <a href="https://www.hotlistnames.com/tag/life/" rel="tag">Life</a>, <a href="https://www.hotlistnames.com/tag/loans/" rel="tag">Loans</a>, <a href="https://www.hotlistnames.com/tag/main/" rel="tag">Main</a>, <a href="https://www.hotlistnames.com/tag/money/" rel="tag">money</a>, <a href="https://www.hotlistnames.com/tag/money-management/" rel="tag">money management</a>, <a href="https://www.hotlistnames.com/tag/saving/" rel="tag">Saving</a>, <a href="https://www.hotlistnames.com/tag/school/" rel="tag">School</a>, <a href="https://www.hotlistnames.com/tag/student/" rel="tag">student</a>, <a href="https://www.hotlistnames.com/tag/student-loans/" rel="tag">Student Loans</a>

Save money (and stay connected) with the best budget smartphones

January 31, 2021
| No Comments
| Commercial Real Estate, Money Management

The post Save money (and stay connected) with the best budget smartphones appeared first on Penny Pinchin' Mom.

I remember my first cell phone. It was a Nokia 3360. Back then, it was all the rage, and coming from battery-draining car phones, it was a step up. A lot has changed since my indoctrination into the world of mobile devices. Cell phones are no longer just phones. Today’s smartphones are handheld computers that … Read More about Save money (and stay connected) with the best budget smartphones

The post Save money (and stay connected) with the best budget smartphones appeared first on Penny Pinchin' Mom.

Read More »

Posted in <a href="https://www.hotlistnames.com/category/commercial-real-estate/" rel="category tag">Commercial Real Estate</a>, <a href="https://www.hotlistnames.com/category/money-management/" rel="category tag">Money Management</a> Tagged <a href="https://www.hotlistnames.com/tag/all/" rel="tag">All</a>, <a href="https://www.hotlistnames.com/tag/budget/" rel="tag">Budget</a>, <a href="https://www.hotlistnames.com/tag/budgeting/" rel="tag">budgeting</a>, <a href="https://www.hotlistnames.com/tag/buy/" rel="tag">Buy</a>, <a href="https://www.hotlistnames.com/tag/buying/" rel="tag">Buying</a>, <a href="https://www.hotlistnames.com/tag/checking-account/" rel="tag">Checking Account</a>, <a href="https://www.hotlistnames.com/tag/credit/" rel="tag">Credit</a>, <a href="https://www.hotlistnames.com/tag/credit-card/" rel="tag">credit card</a>, <a href="https://www.hotlistnames.com/tag/extra-money/" rel="tag">Extra Money</a>, <a href="https://www.hotlistnames.com/tag/fees/" rel="tag">Fees</a>, <a href="https://www.hotlistnames.com/tag/finance/" rel="tag">Finance</a>, <a href="https://www.hotlistnames.com/tag/financial-wize/" rel="tag">Financial Wize</a>, <a href="https://www.hotlistnames.com/tag/financialwize/" rel="tag">FinancialWize</a>, <a href="https://www.hotlistnames.com/tag/insurance/" rel="tag">Insurance</a>, <a href="https://www.hotlistnames.com/tag/insurance-coverage/" rel="tag">insurance coverage</a>, <a href="https://www.hotlistnames.com/tag/life/" rel="tag">Life</a>, <a href="https://www.hotlistnames.com/tag/main/" rel="tag">Main</a>, <a href="https://www.hotlistnames.com/tag/money/" rel="tag">money</a>, <a href="https://www.hotlistnames.com/tag/money-management/" rel="tag">money management</a>, <a href="https://www.hotlistnames.com/tag/popular/" rel="tag">Popular</a>, <a href="https://www.hotlistnames.com/tag/product-reviews/" rel="tag">Product Reviews</a>, <a href="https://www.hotlistnames.com/tag/purchase/" rel="tag">Purchase</a>, <a href="https://www.hotlistnames.com/tag/save-money/" rel="tag">Save Money</a>, <a href="https://www.hotlistnames.com/tag/saving/" rel="tag">Saving</a>, <a href="https://www.hotlistnames.com/tag/saving-money/" rel="tag">saving money</a>, <a href="https://www.hotlistnames.com/tag/spending/" rel="tag">Spending</a>, <a href="https://www.hotlistnames.com/tag/taxes/" rel="tag">taxes</a>

How to Make Better Financial Decisions

January 17, 2021
| No Comments
| Budgeting, Home Buying, Money Management, Personal Finance
Woman learning how to make better financial decisions

A key financial decision people struggle to make is how to allocate savings for multiple financial goals. Do you save for several goals at the same time or fund them one-by-one in a series of steps? Basically, there are two ways to approach financial goal-setting:

Concurrently: Saving for two or more financial goals at the same time.

Sequentially: Saving for one financial goal at a time in a series of steps.

Each method has its pros and cons. Here’s how to decide which method is best for you.

Sequential goal-setting

Pros

You can focus intensely on one goal at a time and feel a sense of completion when each goal is achieved. It’s also simpler to set up and manage single-goal savings than plans for multiple goals. You only need to set up and manage one account.

Cons

Compound interest is not retroactive. If it takes up to a decade to get around to long-term savings goals (e.g., funding a retirement savings plan), that’s time that interest is not earned.

Concurrent goal-setting

Pros

Compound interest is not delayed on savings for goals that come later in life. The earlier money is set aside, the longer it can grow. Based on the Rule of 72, you can double a sum of money in nine years with an 8 percent average return. The earliest years of savings toward long-term goals are the most powerful ones.

Cons

Funding multiple financial goals is more complex than single-tasking. Income needs to be earmarked separately for each goal and often placed in different accounts. In addition, it will probably take longer to complete any one goal because savings is being placed in multiple locations.

Research findings

Working with Wise Bread to recruit respondents, I conducted a study of financial goal-setting decisions with four colleagues that was recently published in the Journal of Personal Finance. The target audience was young adults with 69 percent of the sample under age 45. Four key financial decisions were explored: financial goals, homeownership, retirement planning, and student loans.

Results indicated that many respondents were sequencing financial priorities, instead of funding them simultaneously, and delaying homeownership and retirement savings. Three-word phrases like “once I have…,", “after I [action],” and “as soon as…,” were noted frequently, indicating a hesitancy to fund certain financial goals until achieving others.

The top three financial goals reported by 1,538 respondents were saving for something, buying something, and reducing debt. About a third (32 percent) of the sample had outstanding student loan balances at the time of data collection and student loan debt had a major impact on respondents’ financial decisions. About three-quarters of the sample said loan debt affected both housing choices and retirement savings.

Actionable steps

Based on the findings from the study mentioned above, here are five ways to make better financial decisions.

1. Consider concurrent financial planning

Rethink the practice of completing financial goals one at a time. Concurrent goal-setting will maximize the awesome power of compound interest and prevent the frequently-reported survey result of having the completion date for one goal determine the start date to save for others.

2. Increase positive financial actions

Do more of anything positive that you’re already doing to better your personal finances. For example, if you’re saving 3 percent of your income in a SEP-IRA (if self-employed) or 401(k) or 403(b) employer retirement savings plan, decide to increase savings to 4 percent or 5 percent.

3. Decrease negative financial habits

Decide to stop (or at least reduce) costly actions that are counterproductive to building financial security. Everyone has their own culprits. Key criteria for consideration are potential cost savings, health impacts, and personal enjoyment.

4. Save something for retirement

Almost 40 percent of the respondents were saving nothing for retirement, which is sobering. The actions that people take (or do not take) today affect their future selves. Any savings is better than no savings and even modest amounts like $100 a month add up over time.

5. Run some financial calculations

Use an online calculator to set financial goals and make plans to achieve them. Planning increases people’s sense of control over their finances and motivation to save. Useful tools are available from FINRA and Practical Money Skills.

What’s the best way to save money for financial goals? It depends. In the end, the most important thing is that you’re taking positive action. Weigh the pros and cons of concurrent and sequential goal-setting strategies and personal preferences, and follow a regular savings strategy that works for you. Every small step matters!

Like this article? Pin it!

Want to know how to allocate savings for your financial goals? We’ve got the tips on how to make financial decisions so you can be confident in your personal finance! | #moneymatters #personalfinance #moneytips

This article is from Barbara O’Neill of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:
  • How to Manage Your Money — No Budgeting Required
  • 5-Minute Finance: Create Financial Goals
  • How to Pull Your Small Business Out of a Cash Crunch
  • 10 of the Coolest Sayings About Saving
  • 5 Money Moves to Make Before You Turn 40


Read More »

Posted in <a href="https://www.hotlistnames.com/category/budgeting/" rel="category tag">Budgeting</a>, <a href="https://www.hotlistnames.com/category/home-buying/" rel="category tag">Home Buying</a>, <a href="https://www.hotlistnames.com/category/money-management/" rel="category tag">Money Management</a>, <a href="https://www.hotlistnames.com/category/personal-finance/" rel="category tag">Personal Finance</a> Tagged <a href="https://www.hotlistnames.com/tag/401k/" rel="tag">401(k)</a>, <a href="https://www.hotlistnames.com/tag/budgeting/" rel="tag">budgeting</a>, <a href="https://www.hotlistnames.com/tag/building/" rel="tag">building</a>, <a href="https://www.hotlistnames.com/tag/buying/" rel="tag">Buying</a>, <a href="https://www.hotlistnames.com/tag/compound-interest/" rel="tag">Compound Interest</a>, <a href="https://www.hotlistnames.com/tag/cons/" rel="tag">cons</a>, <a href="https://www.hotlistnames.com/tag/debt/" rel="tag">Debt</a>, <a href="https://www.hotlistnames.com/tag/finance/" rel="tag">Finance</a>, <a href="https://www.hotlistnames.com/tag/financial-goals/" rel="tag">Financial Goals</a>, <a href="https://www.hotlistnames.com/tag/financial-wize/" rel="tag">Financial Wize</a>, <a href="https://www.hotlistnames.com/tag/financialwize/" rel="tag">FinancialWize</a>, <a href="https://www.hotlistnames.com/tag/grow/" rel="tag">Grow</a>, <a href="https://www.hotlistnames.com/tag/homeownership/" rel="tag">Homeownership</a>, <a href="https://www.hotlistnames.com/tag/how-to/" rel="tag">How To</a>, <a href="https://www.hotlistnames.com/tag/life/" rel="tag">Life</a>, <a href="https://www.hotlistnames.com/tag/loans/" rel="tag">Loans</a>, <a href="https://www.hotlistnames.com/tag/money/" rel="tag">money</a>, <a href="https://www.hotlistnames.com/tag/money-management/" rel="tag">money management</a>, <a href="https://www.hotlistnames.com/tag/money-moves/" rel="tag">money moves</a>, <a href="https://www.hotlistnames.com/tag/personal/" rel="tag">Personal</a>, <a href="https://www.hotlistnames.com/tag/personal-finance/" rel="tag">Personal Finance</a>, <a href="https://www.hotlistnames.com/tag/planning/" rel="tag">Planning</a>, <a href="https://www.hotlistnames.com/tag/pros/" rel="tag">pros</a>, <a href="https://www.hotlistnames.com/tag/retirement/" rel="tag">retirement</a>, <a href="https://www.hotlistnames.com/tag/retirement-planning/" rel="tag">Retirement Planning</a>, <a href="https://www.hotlistnames.com/tag/save-money/" rel="tag">Save Money</a>, <a href="https://www.hotlistnames.com/tag/saving/" rel="tag">Saving</a>, <a href="https://www.hotlistnames.com/tag/saving-money/" rel="tag">saving money</a>, <a href="https://www.hotlistnames.com/tag/savings/" rel="tag">savings</a>, <a href="https://www.hotlistnames.com/tag/security/" rel="tag">Security</a>, <a href="https://www.hotlistnames.com/tag/setting-goals/" rel="tag">setting goals</a>, <a href="https://www.hotlistnames.com/tag/student/" rel="tag">student</a>, <a href="https://www.hotlistnames.com/tag/student-loans/" rel="tag">Student Loans</a>

Home

About

Contact

Privacy Policy

Site Map

Recent Posts

  • Guide to the TILA – Lexington Law
  • How Unpaid Taxes Can Affect You
  • How Removing Your Name from a Shared Credit Card Affects Your Credit Score
  • Want to upgrade your tech in 2021? Use these Amex Business cards – The Points Guy
  • Check out these new offers on the British Airways, Iberia and Aer Lingus cards – The Points Guy

Archives

  • February 2021
  • January 2021
  • June 2019
  • May 2019
  • April 2019
Hot List Names
Home | Contact | Site Map

© Hot List Names 2021. Powered by WordPress