According to the National Endowment for Financial Education, 2,000 adults surveyed said they believe having someone to account to who understands their financial goals would help them be more financially successful.
So, grab a trusted friend or family member, your spouse or a representative from your financial institution, and let them help you be more accountable each month of 2020.
You don't need to share all your financial information with your budget buddy, but rather think of them as a workout buddy – someone to help you stay on course every month of the year and someone who cheers you on. This person's role is to help you:
And here's another article:
How to make money in stocks this year...and beyond
And unless you have a big lump sum to invest (more on that happy dilemma later), the best way to buy — and this may be familiar, but bear with me — is through dollar cost averaging , which simply means buying a set amount of stock, say every month, come hell or highwater or market top. The math just works.
Now the reasons why it's important to delve into dollar cost averaging (or DCA) right now are two-fold. One, many of us know about DCA but don't do it, so let this serve as a reminder! And two, there are actually a number of nuances and misconceptions here to explore and dispel.
Your Money: Ditch the Resolution - Do a year-end review instead - Reuters
NEW YORK(Reuters) - It is hardly a secret that people rarely stick to New Year’s resolutions - only about 8% of people actually make it to the finish line with their goals, according to studies from the University of Scranton, in Pennsylvania.
“We can only manage what we measure,” said Sarah Newcomb, director of behavioral science at fund research firm Morningstar. “If you’re not even measuring your own spending, then basically you’re just flying blind.”
How Does Tesla Spend Its Money?
A Tesla Motors Inc. Model S electric vehicle is displayed at the 43rd Tokyo Motor Show 2013 in ... [+] Tokyo, Japan, on Thursday, Nov. 21, 2013. The autoshow will be open to the public from Nov. 23 to Dec. 1 at the Tokyo International Exhibition Center, also known as the Tokyo Big Sight. Photographer: Tomohiro Ohsumi/Bloomberg
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Tesla's total expenses have trended higher from $6 billion in 2015 to $22.5 billion in 2018. As a % of Revenues, Expenses have declined from 110% to 105% over the same period. Cost of Revenues is the biggest driver of Tesla's expenses, accounting for 76% of Revenue in 2015 and 81% of Revenues in 2018. We estimate that this increase in the Cost of Revenue as % of Revenue has impacted Tesla's Operating Income by about $1.1 billion.
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To fight the next recession the government might send you money so you can go out to dinner with
With interest rates already so low, the Federal Reserve can't fight a downturn by itself, and so economists are casting about for new ways that government spending can be used spur demand.
And funnily enough, one excellent way to get your local community humming would be to send everyone a $1,000 coupon to be used for dinner at restaurants of their choosing, said Gabriel Chodorow-Reich, an economics professor at Harvard University.
Fed Is Looking at Permanent Ways to Keep Money Markets Stable - Barron's
The Federal Reserve is going to discuss permanent steps that should help it control interest rates and limit volatility in money markets, according to the minutes of its December meeting.
In their Dec. 10-11 meeting, officials made plans to discuss more permanent ways to smooth trading in money markets.
Analysts have been discussing this type of permanent facility for months. The conversation has drawn more attention since repo rates rose sharply in mid-September. That month's jump in interest rates was attributed to a tax-payment date and a series of new Treasuries hitting the market. But it was also a sign that the Fed reduced the size of its bond portfolio too much as it scaled back its holdings of debt purchased under quantitative easing, its postcrisis effort to prop up the economy.
What Are Dark Patterns - Online Shopping - Ways to Save Money
Maybe you put a gadget in your online shopping cart and receive a push notification on your phone, urging you to check out before the item goes out-of-stock. Or maybe there's a huge banner on your favorite furniture store's website, warning you that the brand is going out of business—so hurry up and buy everything that's on sale.
But then, weeks later, you discover the gadget is still in stock. And t hat damn furniture store is still open. What's going on?
How Tosha Tabron is making money transform Detroit neighborhoods
Tosha Tabron, senior vice president of lending at Invest Detroit, has two objectives: making money move in the city's neighborhoods and helping transform them into places where her kids can see a future. A northwest Detroit native, the banking and finance veteran has a unique understanding of the city. So, when JPMorgan Chase made its initial $100 million commitment to Detroit, Tabron was tapped to oversee it.
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There was this moment in time when I realized that money moves the world, and for me, it started at 6 years old when I saw money at a banking center and said, "I want to be around that.
Happening on Twitter
Ask an expert https://t.co/JKQTCn2EkV KurtSchlichter (from Manhattan Beach CA) Mon Dec 30 06:12:19 +0000 2019
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