Personal Finance Roundup
The Odds for a Retirement Nest Egg, Recalculated [New York Times] "Conventional wisdom recommends that investors start with a high allocation of stock in their portfolios when they are young and reduce it as they approach retirement. That makes intuitive sense, but a recent study of real-world portfolio returns has found that there is no particular advantage in this approach."
The 5 Best (and Worst) 529 College-Savings Plans [Smart Money] "Here's a breakdown of the winners and losers in Morningstar's survey of 529 college-savings plans."
Controlling Spending is the Key to Building Wealth [Free Money Finance] "The basic premise of wealth must be understood. It doesn't matter whether you earn $20,000 a year or $200,000. The only thing that makes you wealthier is regularly spending less money than you make."
10 tips to clip travel cancellation fees [Bankrate] "Smart moves can help curb cancellation costs, although you usually can't avoid them altogether. In any case, the earlier you start, the better."
Vacation where the dollar is still strong [CNN Money] "Check out these 7 places where the greenback is worth a lot more than the paper it's printed on."
— FREE MONEY FINANCE
(Photo: Bill in Ash Vegas)
Post a comment
Comments:
Too bad we can't go to Cuba. We could turn that place into a capitalist heaven in a few years with an influx of dollars.
I don't know if blanketly I agree with the statement, The only thing that makes you wealthier is regularly spending less money than you make. Take a look at this article from bripblap.com
Obviously, spending less than you make is important. But if a person earns $35K a year, there's only so much room to tighten the budget belt. They key is to keep your spending at the same level, but increase your income.
The vacation where the dollar is still strong article would be useful if I didn't have to pay for airfare to those places. What good is a cheap hotel and food if I have to pay over a $1000 to get there.