Millennials and Being Prepared for the Future

be-prepared

 Millennials and Being Prepared for the Future

be prepared Millennials and Being Prepared for the Future

Let’s talk about money, and being prepared for the future. Now, we’re not talking about retirement, or planning for 40 years from now or anything like that. I want to talk to you about what you would do if your world was shaken. Tomorrow. Or next week. Or if, heaven forbid, a member of your immediate family was in an accident. What would you do then? Do you have a contingency plan?

I have a confession – for a really long time, I didn’t have a contingency plan. If something happened to me, what would I do? I HAD NO IDEA. Since it was just me, I totally didn’t think I needed a plan. And as a relatively healthy adult, I didn’t think I really needed health insurance. I’d just pay in cash when I needed to see someone. Win-win. I’d save the monthly premium from health insurance, and would have more money in my pocket.

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The Promise and Peril of Credit Card Use

Credit cards

credit cards The Promise and Peril of Credit Card Use

There’s nothing more exciting than using a credit card for the first time. After all, the ability to purchase practically whatever you want (within your spending limit) with a simple piece of plastic can be simply exhilarating. This exhilaration often turns into addiction for many people, however, which is where the dark side of credit cards comes into play.

When used without care, credit cards can often result in huge amounts of debt that are difficult to deal with. This is not to say that they do not have their advantages, however, as credit cards can be extremely beneficial to those who learn how to use them properly. The following are just a few words on the promise and peril of plastic, and how you can use credit cards to your advantage without winding up in a financial black hole.

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Are you a Saver or a Spender?

DWTestimonialStatic300x250 Are you a Saver or a Spender? Are you a Saver or a Spender?

 

Have you taken control of your finances?  I admit, I’m sort of bad about this.  I live somewhat carefree and don’t worry about planning for my future.  EEEK!  One of my 2012 resolutions was to get better about managing my own money.

What about you?  Are you a saver or a spender?