Latina Moms | Daughters
Employees that invest in their company’s 401(k) plan should be able to understand their statements. A new rule from the Labor Department will, for the first time, enable many investors to understand how much of their investment dollars are going up in fees. “I know it’s there and that there’s money involved for me, but [...]
A new study from the national Centers for Disease Control and Prevention says that most Latinas will live an average of 83 years. That’s great news until you start thinking about how you’ll live once you stop working. According to the Ariel/Aon Hewitt Study 2012, Hispanics have considerably less—35% less—money invested than Asian-Americans and Whites. [...]
If like millions of parents across America, you recently rejoiced in the high school graduation achievements of your child, congratulations to you and your child. But as parents, we know our work is never done. Now that these young people are transitioning into adulthood, it’s important to provide them with the personal finance tools that [...]
Although the official start of summer is days away, it’s never too late to start saving for that family vacation. The most recent statistics from the Bureau of Labor Statistics say that the average American family spends $1,415 on a family vacation. Those numbers include transportation, lodging, food and beverage, entertainment, and gifts. Of course, [...]
Just 24% of Latinos rate their personal finance as excellent or good, compared with 38% of the general public, according to the 2011 National Survey of Latinos conducted by the Pew Hispanic Center. To change those numbers we have to start educating our children about personal finance. Giving your child the opportunity to think critically [...]
Women have got to take personal finance seriously. According to Vital Health and Statistics a Latina’s life expectancy at birth is 83. During those years, Latinas fall financially short, whether single or married. In 2010 the Insight Center for Community Economic Development published a report that noted that single Latinas have a median wealth of [...]
There are a slew of new prepaid debit cards that promise everything from raising your credit score to roadside assistance, and have famous names attached to them. But are these debit cards really better than an account at a financial institution? Not necessarily. Here are the three most common myths about using prepaid debit cards [...]
Using credit cards for your gift shopping is almost a holiday tradition in itself. Unfortunately, many people not only underestimate how much they spend for holiday purchases, but then don’t pay off their holiday purchases when the credit card bill arrives in January. The end result is a mountain of debt. According to a Consumer [...]
According to the National Retail Federation, Americans will spend more than $465 billion this holiday season, with the average family spending $704. If that seems a bit “above average” to you, it may be because many of us are concerned about how the future might influence our jobs, income, savings not to mention emergency fund. [...]
Saturday, November 5th was National Bank Transfer Day. The goal was to encourage bank customers to leave their banks and become members of a credit union. According to a credit union trade organization, 650,000 people opened accounts at credit unions over the last month, up from an 80,000-a-month average, but is using a credit union [...]
