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Tag: Financial

Men and women have different financial regrets. Here's how to slay them

Men and women have different financial regrets. Here's how to slay them

Finance
How to save $ 1,000 this yearMen and women aren't too far apart on their financial expectations, but their biggest financial regrets diverge. Men's biggest money regret is not investing, while women's biggest financial regret is not saving, according to a study from Go Banking Rates. The survey found that nearly 15% of men said not investingwas their top financial regret compared to about 9% of women. Men are also more likely than women to have a fear of losing money in the stock market. Men also have a stronger regret of falling into debt and even putting money toward college. Women's top regret, according to the study, was not saving enough. And for good reason: a higher percentage of women than men have less than $ 1,000 in a savings account and 36% of women (versus 33% of men) have ...
China’s Ant Financial is obliged to abandon an American acquisition

China’s Ant Financial is obliged to abandon an American acquisition

Finance
“THE geopolitical environment has changed considerably since…a year ago.” That was the explanation given this week by Alex Holmes, chief executive of MoneyGram International, a Dallas-based American money-transfer firm, for Ant Financial abandoning its $ 1.2bn deal to buy his firm. Ant, the online-payments affiliate of Alibaba Group, a Chinese e-commerce giant, had outbid Euronet, an American rival, in 2017 and secured the approval of MoneyGram’s board for the acquisition. In normal times, Ant would have secured the prize.But it is up against a rising tide of anti-China sentiment in Washington, DC. Donald Trump has often argued that China does not play fair in global commerce. The sense that China and its companies are not to be trusted is spreading on Capitol Hill, too. Ant’s bid was bloc
Ring in the new year with a financial game plan

Ring in the new year with a financial game plan

Finance
It is now the time to start thinking about what you can do to get your financial affairs in order for the coming year. The turn of the year is typically a time of reflection and planning to right areas that you may have let go astray in the previous year.Implementing a financial plan is our top financial item you should resolve to address in the coming year. This vital item could have a tremendous impact on your financial future, not only for yourself in the coming year but also for generations to come.The coming year should be used to design, develop and implement a financial plan. Think about the amount of time that you spent last year in researching, booking and mapping out your vacation. Was more time spent on planning your vacation or your financial future? I would argue that, in most...
An emergency fund could save your financial resolutions

An emergency fund could save your financial resolutions

Finance
A decent rainy-day fund could be vital to keeping your New Year's goals.Among the nearly 7 in 10 adults who plan to make a financial New Year's resolution, 40 percent have a goal of setting and following a budget, according to a forthcoming report from the National Endowment for Financial Education. Getting out of debt is a resolution for 39 percent, while 32 percent want to establish savings and 31 percent hope to boost their retirement savings.The organization polled 2,165 U.S. adults in mid-December.But there are plenty of roadblocks to meeting those goals: Sixty-three percent of those surveyed said they experienced a "financial setback" in 2017. Common financial shocks included transportation (23 percent), housing repairs or maintenance (20 percent) and an inability to keep up with deb...
How do I create a long-term financial plan?

How do I create a long-term financial plan?

Finance
How to save $ 1,000 this yearQ: How do I create a lifelong finance plan and how much money will I need for all of those things? Emergency fund, wedding, buying a house, retirement, college savings for my future kids (how much do kids cost?), elder care for my parents (god forbid, but just in case)? --Delilah Life is full of big-ticket purchases: moving expenses, school tuition, weddings, honeymoons, buying a house, kids, retirement ... the list goes on and on. You can't plan for all these things, but you can decide what savings goals matter to you. Add them as line items to your weekly budget, and make a point of sitting down once a year to craft a financial plan for next year's goals and expenses. Related: How can I balance my finances? Your first goal should always be saving for retirem...