Hope for your financial life and beyond

Americans Share Their Biggest Financial Worries

When it comes to your money, what are your biggest financial worries?

Paying the bills?

Retirement?

That massive chain of student loan debt wrapped around your neck?

There is no shortage of issues to worry about. At each stage of life we face something that puts us on edge. This anxiety about the present and the future drives our choices for good or for bad as we attempt to solve the problems that keep us up at night.

Over the years I’ve learned how to let go of the worry that can so easily bind me up. There is a fine line between worrying about the future and planning for it. Planning for it is prudent and wise. Worrying about it robs us of living in the present and maximizing all that today has to offer.

Whether you are a worrier or not the fact remains we all face financial challenges. Even the wealthy have problems they must deal with. What’s dominating your thoughts? See how you fit in with the rest of Americans in the infographic below.

Americans Deepest Financial Worries

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The 3 Money Topics Teenagers Most Like to Discuss

Today I’m guest posting at The Heavy Purse, a blog that focuses on parents teaching their kids about money. Click the link below to read the rest of this post.

Teenage student holding credit card

Image at FreeDigitalPhotos.net

I’ve had the privilege for the past 17 years to be engaged in a challenging and never-dull career, the educational instruction of teenagers. Until giving up my high school teaching position recently to become a stay at home dad, part of my instructional responsibility was teaching Basic Economics and Personal Finance classes. I used some really good material over the years, including the high school curriculum published by Dave Ramsey’s team.

My economics classes were enjoyable enough. The students were able to understand the historical trends of economics, the basic concepts of supply and demand, and how governments can promote or hinder economic growth. I would say as a whole, that class was met with only average, C+ levels of enthusiasm.

But mention the words “Personal Finance” and the kid’s eyes would light up…

Continue reading at The Heavy Purse…

Next Post: How to Play the “Take This Money – No Thanks – I Insist” Game

Prior Post: How I Increased My Facebook Reach For Blog Posts By Over 700 Percent

 

The South Ain’t Gettin’ Personal Finance

6009194059_94d611cfc8_zI happened to enjoy some extra reading time last week because Snowmaggeddon 2014 kept most of Atlanta captive to their homes. I ran across this article from Time Business and Money that talked about the plight of Americans and their money. In it, they cite the Assets and Opportunity Scorecard report from the Center for Enterprise Development. This report found 44% of Americans were living under “persistent economic insecurity that makes it difficult to look beyond immediate needs and plan for a more secure future.”

According to the article, this segment of the population has less than $5,887 in savings for a family of four. With credit scores also shot from the latest recession and housing crisis, they feel their only alternative to manage through emergencies is to resort to high interest credit cards or payday loans. As those of us deeply focused on personal finance know, these types of programs only serve to bring further damage to the individual’s financial state.

Being an investigative personal finance blogger, I decided to look up the full CFED report and find where my home state of Georgia ranked. A couple of clicks and…uh-oh…that doesn’t look good. However, the results showed an even more alarming trend as it relates to the entire U.S. South. Here are the ranks for states 42-51 on the list (District of Columbia included):

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