Personal Finance

The latest tips and insights to help you manage your money effectively.

December 1, 2025

Black Friday spending hits records but raises questions

Record sales mask mixed fundamentals Fresh data from Thanksgiving weekend shows American consumers spent at record levels, but analysts say the increase was driven more by inflation than excitement. Adobe Analytics reported

September 30, 2025

Do You Need a Robo-Advisor or a Human Advisor?

Robo-advisors: Efficient, affordable, and beginner-friendly Robo-advisors are automated digital platforms that build and manage investment portfolios based on your preferences and risk tolerance. According to Investor.gov, they offer a low-cost solution for

September 3, 2025

The 4% Rule: Still Relevant for Retirees?

How a Simple Formula Was Born In the early 1990s, financial planner William Bengen developed what is now known as the 4% withdrawal rule. He published his research in 1994, offering a

Why 401(k) savers are struggling in 2025

by Jamie Spencer

Inflation disrupts retirement planning More than half of American workers say inflation is the main reason they are struggling to build a retirement fund. According to Schwab’s 2025 survey, 57 percent of

August 25, 2025

Why More Americans Work Beyond 65

by Jamie Spencer

Reaching retirement age often brings uncertainty about finances and lifestyle. Yet a growing number of older Americans are choosing to keep working, either out of necessity or personal preference. Data shows that

August 18, 2025

Americans Say $1.26M Needed for Retirement, Fall Short

by Jamie Spencer

Retirement expectations grow while savings lag behind A new national study reveals a widening gap between what Americans believe they need for retirement and what they’ve actually saved. According to financial firm

August 4, 2025

Canadian Families Now Spend More on Taxes Than Necessities

by Jamie Spencer

Tax burden hits 42.3% of income, highest since the 1960s A new study from the Fraser Institute reveals that the average Canadian family paid 42.3% of its income in taxes in 2024,

July 22, 2025

Inflation Poses Growing Risks for Retirees

by Jamie Spencer

Inflation is a persistent financial challenge for seniors, making it harder to maintain their standard of living. The Federal Reserve targets a 2% inflation rate to support economic stability, but recent years

February 14, 2025

The Pros and Cons of No Spend November: A Holiday Saving Challenge

by Jamie Spencer

No Spend November is a financial challenge designed to limit spending on anything beyond essentials like rent, groceries, healthcare, bills, and gas. It encourages participants to resist holiday-season spending temptations and avoid

November 21, 2024

Black Friday 2024: Top Early Deals at Best Buy – Massive Savings Await

by Jamie Spencer

As Black Friday 2024 approaches, shoppers can look forward to incredible discounts on a wide range of products, from tech gadgets to household essentials. With major retailers kicking off early deals, Best

November 15, 2024

4 Strategies to Maximize Holiday Savings in a High-Cost Year

by Jamie Spencer

As economic concerns linger across the country, American households are grappling with rising costs and financial stress this holiday season. According to the National Retail Federation, holiday spending in the U.S. is

November 11, 2024

November Social Security Payment Dates Explained

by Jamie Spencer

November brings more than just holiday preparations and shorter days—it also marks a new cycle of Social Security payments for millions of Americans. The Social Security Administration (SSA) distributes retirement, disability, and

November 7, 2024

6 Year-End Financial Moves to Start 2025 on the Right Foot

by Jamie Spencer

As the year winds down, it’s a perfect time to assess your financial situation and make adjustments that can set you up for success in 2025. Taking a proactive approach to your

November 1, 2024

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