Some ideas for improving personal finances this year


By Barbara O’Neill

Looking for ideas to improve your personal finances during 2017? It’s not too late to make a New Year’s resolution.

Consider the following eight suggestions that cover different aspects of personal finance such as saving, investing, managing credit, reducing expenses, and earning income.

º Commit to Saving Regularly — Small amounts of savings add up. If someone saves $50 per week ($2,600 annually) at ages 25, 35, 45, and 55, he or she will have $431,490, $217,645, $100,109, and $35,507, respectively, at age 65 assuming a 6 percent average annual return. Pay yourself first.

Before paying bills and other financial obligations, set aside an affordable amount each month in accounts designated for long-range goals and unexpected emergencies. Consider doing a savings challenge to follow a schedule of regular deposits:

º Take Advantage of Tax-Deferred Investments — Available options include individual retirement accounts (IRAs) and tax-deferred employer retirement plans such as 401(k)s, 403(b)s, and Section 457 plans.

Read the Full Article at >>>>


We See The World From All Sides and Want YOU To Be Fully Informed
In fact, intentional disinformation is a disgraceful scourge in media today. So to assuage any possible errant incorrect information posted herein, we strongly encourage you to seek corroboration from other non-VT sources before forming an educated opinion.

About VT - Policies & Disclosures - Comment Policy
Due to the nature of uncensored content posted by VT's fully independent international writers, VT cannot guarantee absolute validity. All content is owned by the author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners, or technicians. Some content may be satirical in nature. All images are the full responsibility of the article author and NOT VT.
Previous article6 Tips to get you started with Binary options trading
Next articleNew White House Policies Could Put Veterans' Health at Stake