Consumer Spending Habits Are Changing — What to Know

January 8, 2021 Penny Matthews 0

The COVID-19 pandemic has been the biggest overnight financial shakeup in our country’s history. Its effects will be felt for years into the future, if not permanently. On the economic front, it’s caused a huge change in consumer spending, largely due to how people’s income and living/working patterns have shifted.  How Income Is Changing According […]

The post Consumer Spending Habits Are Changing — What to Know appeared first on Good Financial Cents®.

How to Focus on More Experiences Over Things This Holiday Season

January 8, 2021 Penny Matthews 0

How to Focus on More Experiences Over Things This Holiday Season is a post originally published on: Everything Finance – Everything Finance – Its all about Money!

The holiday season is in full swing and this is one of my favorite times to remind myself to focus on more experiences and memories with loved ones. It’s easy to feel the stress of having to provide and pay for gifts and other costs over the next few weeks. I know it sounds cliche to say that the holidays are about more than just gifts, but it’s true. This year in particular has been difficult on a lot of people and when I think about protecting my mental health and ending the year on a good note, I don’t

How to Focus on More Experiences Over Things This Holiday Season is a post originally published on: Everything Finance – Everything Finance – Its all about Money!

Should I stay or should I go? Wrestling with the decision to quit a career

January 8, 2021 Penny Matthews 0

J.D.’s note: In the olden days at Get Rich Slowly, I shared reader stories every Sunday. I haven’t done that since I re-purchased the site because nobody sends them to me anymore. But earlier this year, Mike did. I love it. I hope you will too.

Earlier this year, I sent my wife a text message: “On a scale of 1 to 10, how freaked out would you be if I quit my job this afternoon?”

My wife and I had only been married a short while, but she’d known since our second date that I didn’t plan to work in my traditional job until normal retirement age. She also knew that I hadn’t been very happy at work in recent months.

We’re very compatible financially — both savers raised in working-class families that didn’t always have a lot. We make a point of having what we like to call “Fun Family Finance Day” from time to time. On Fun Family Finance Day, we do everything from competitively checking our credit scores to discussing questions that get at the root of our money mindsets to help us create our goals.

But this question wasn’t part of the plan. Not then.

And it was never on any of the lists of questions that we’d discussed with each other. It was like a pop quiz, a pothole in the smoothest relationship road I’d ever traveled…and I was the one putting it there.

Dreams Remain Dreams Without Doing

My wife and I rarely argue, but when we do it’s usually about food. It’s the kitchen and the grocery store that are our battleground. Our finances are fine. Thankfully, when you’re confident in the life you’ve created and the person you chose to build it with, it’s a lot easier to be honest about what’s on your mind.

That still doesn’t always mean you get the answer you want. Or the answer you were expecting. She responded: “Wait what. Kinda. What would you do?”

A completely reasonable and fair question. Not to mention one that I’d probably have to get comfortable answering from a lot more people.

I think my immediate reaction was: We talk about this stuff all the time, where is my, “No worries baby, YOLO!”? (I must have watched too many romcoms back before we cut cable from our lives.)

Being a grownup, it turns out, is actually really hard sometimes. I was about to learn that talking about something, and actually doing it, are a world apart.

Life is full of dreamers and doers. Sometimes those two personalities cross over. But there are plenty of people who go through life talking about so many things they’ll never have the courage to try — or the discipline and determination to follow through with.

Which person was I? The dreamer? The doer? Or that fortunate combination of both?

15 Reasons to Invest After Retirement

January 8, 2021 Penny Matthews 0

The time has finally come: you’re ready to retire. For many, this means living off savings or social security, but in reality, now that you’re unemployed it’s time you started making real money. Investing after retirement is a great way to continue making income, cover expenses in lieu of a regular paycheck, and stay plugged… Read More

The post 15 Reasons to Invest After Retirement appeared first on Credit.com.