Most of us never want to imagine growing old, being sick or needing long term care. But for 70 percent of people, this is something that they have to face. And the sad thing is that many of them are not insured with long term care insurance.
Study after study has revealed that we all make mistakes with our money. These mistakes, of course, end up costing us big time. Here are some of the basic mistakes that most often occur. Make sure to avoid them or end them now.
Let’s face it, kids are expensive. Besides providing for the basic needs of their children, many parents find themselves bombarded with requests for the latest “it” thing. Between the needs, the wants, and extracurricular activities, kids can sabotage a families effort toward debt reduction. Don’t let kids blow your budget!
Most of the talk in the financial blogosphere is pretty negative these days. Just about everybody is talking about the slowing of economic growth, the stagnant housing market, increased numbers of bankruptcies, and the looming recession.
The majority of the conversations that I have with people reveal a very interesting fact to me: many people have no idea how to plan for their futures. Most people don’t even look into the future. Most people live for the present and their spending and savings habits reflect that very same mentality.