Tag: saving
Three Great Reasons for Christians to Save and Invest Their Money
Posted on June 26, 2018 in Money, Theology by Nathan Cherry
It’s no secret that most Americans have little to no savings. I’ve written previously on the inability of many Americans to cover even a small $400 emergency. This reality shows that many people do not prioritize saving. If you asked the average person to stop getting coffee at Starbucks daily, end their Netflix subscription, or take their lunch to work with them, you will be met with looks of disgust and shock. Clearly something isn’t right.
Americans are Financially Illiterate – and Maybe Insane
Posted on March 27, 2018 in Money by Nathan Cherry
But financial literacy is more than just knowing the tools and resources needed to be financially successful. Financial literacy includes understanding the “why” behind the financial goal. A writer for Bloomberg Finance recently told Financial Advisor IQ “Once you know why to do it there are resources that will show you how.” Maybe the “why” is more important than the “how.”
For example, accumulating funds that will be tax-free in retirement is a great idea. But the average American is not likely to put much priority on this without knowing why it’s important.
5 Tax Tips You Don’t Want to Miss Out On
Posted on April 13, 2017 in Money by Nathan Cherry
Now that the “most wonderful time of the year” is behind us, it’s time for the most dreaded time of the year: tax season. But if you take advantage of these tax breaks you can make this time of a year a lot more jolly.
We can all agree that no one likes paying taxes. As a financial professional I spend time talking about taxes with a lot of people and nearly everyone agrees that they don’t like paying taxes. I did run into one person that said she did not mind paying taxes and, frankly, I had no comment for that. I don’t know where to go when someone says they don’t mind taxes.
For most of us though, taxes are not something we enjoy. But they are necessary. Since we have to pay taxes we should at least know about the different tax breaks we can take advantage of to help reduce our tax burden. Let me share 5 valuable tax breaks with you.
If You Set These 4 Financial Goals You Will End Up Ahead of Others
Posted on March 30, 2017 in Uncategorized by Nathan Cherry
When was the last time you set financial goals for yourself, or for your family?
Financial goals are just as important as personal goals, professional goals, fitness goals, etc. Most people have a goal of retiring one day, but that’s about it. Aside from knowing they want to retire, they don’t have much of an idea of what other goals to set and how to get to where they want to be financially. But, I think I can help.
I recently read an article that suggested 4 financial goals you can (and should set) right now to help you start moving forward financially. I like the goals mentioned here and through they were worth sharing and discussing. You can read the original article here.
Goal #1: Monitor your credit report and score.
By now I hope we all know how important it is to have a good credit score and credit history. You may not be as familiar with your credit history as you think which is why it is a good idea to pay close attention to your credit report. With so many credit cards, debit cards, and online transactions taking place, it is easy to miss something that could adversely affect your credit score.