Tips to Keep in Mind when Shopping for a New Car Large purchases are often the cause of digression for personal financial plans. Individuals tend to believe they have the ability to afford what they want, especially when it comes to larger purchases. What tends to happen, especially without a financial plan, is the lack […]
The Role of Social Security
Social Security was created with the intentions of being supplemental income for eligible beneficiaries to use as retirement assistance. It’s also geared for those who are unable to work due to disability. Over the years, that intention has completely changed. Now it’s viewed as a national retirement plan, but this is far from the intention. […]
Types of Financial Schemes and Scams
When thinking about scams, most people think, “That will never happen to me,” “How did someone fall for that,” or “Why would someone send money or handle their finances like that?”. But the truth is, most people don’t see it coming. The worst part about scams is what makes them so successful: you won’t know […]
Engaging the Millennial Generation
The millennial generation is a hot topic in almost every conversation, especially ones involving finances. Millennials are analyzed on how they respond to certain situations; how they scrutinize certain outcomes, how they are disrupting the traditional workforce and the behavioral trends associated with each decision they make. This generation (born roughly between the 1980s and […]
Generation Z: Understanding Financial Behaviors
For years, generations have followed after one another, learning and observing similar financial behaviors, until now. The younger generations are testing these trends. The millennial generation and Generation Z (Gen Z) are breaking the economic norms and creating their financial paths. Understanding how the generations stand out from the rest is crucial to keeping your […]
The Importance of Retirement Planning
When thinking about the “retired life,” chances are you’re envisioning golden years filled with leisure, fun, and comfort. Unfortunately, this isn’t the reality for most people because of the financial difficulties or lack of understanding around the shift of responsibility from employer to individual for retirement contributions. This doesn’t have to be the case for […]
Establishing Your Investment Goals
Investing is a financial activity that people participate in, or avoid due to lack of understanding. Truthfully, those who stay away from investing are often the individuals who don’t take time to learn the process and how it impacts financial success. Like many financial activities, investing starts with identifying your goals. Determining investment goals plays […]
Understanding Your Investment Choices
Looking to start investing your money but not sure which option is best for you? Investing requires discipline and self-education. Start basic by understanding your options, knowing where you are and the goals you want to reach. Investing also requires a level of self-awareness; your comfort with risk, your level of patience, what you’re investing […]
Financial Fitness Group Partners with MyKlovr to Educate Families on College Financing
NEW YORK, Feb. 19, 2019 /PRNewswire/ — Recognizing that nearly three-quarters of U.S. families are concerned about paying for college as higher education costs continue to increase, myKlovr has partnered with Financial Fitness Group (FFG) to provide online educational financing resources for students and parents. MyKlovr provides the first-ever virtual college counseling platform powered by artificial intelligence […]
Four Points to Optimizing Your Financial Strategy
Personal financial planning helps you develop a spending plan around your lifestyle and financial goals. With this in mind, it’s hard to believe that roughly 77% of Americans live paycheck to paycheck. (1) It doesn’t have to be this way. Crafting a personal financial strategy gives you the roadmap to manage your money and ultimately […]