In the VSECU Blog you'll find financial and lifestyle resources to help empower possibilities for your personal success.
March 8, 2019, is International Women’s Day and, of course, there’s a hashtag: #BalanceforBetter. This hashtag encourages a more gender-balanced world. Balance is important in all aspects of life and women have a lot to balance, so this is an apt hashtag for the Day. And on that note…
The gender pay gap has been a topic of conversation and concern for years. Statistically, women make about 80 cents for every dollar earned by a man (20% less). Once they hit 65, they tend to make about 25% less than men and make increasingly less than men as they age. There are a lot of reasons for the gender pay gap, which we won’t get into here, but the sad truth is that the gap continues into retirement, leaving women with a lower retirement income than men.
For most of us mere mortals, saving money is difficult at best. It’s easy to begin with the best of intentions only to give up due to forgetfulness, frustration, or exhaustion. To help you get started and keep going, here are three sets of creative ideas for saving money on a tight budget. The first set will help you get going. The second set will keep you motivated. The third set will help ensure long-term success.
There’s no denying that the markets have become more turbulent. In fact, the major market indexes in the United States entered a bear market on Christmas Eve of 2018. In a bear market, prices for stocks and other securities fall, which can lead investors to panic and sell off their securities. As more and more people sell, securities prices continue to fall. In general, a bear market will eventually come to an end, hopefully leading to a bull market that brings the markets back up to their former glory, but in the meantime, your portfolios, mutual funds, IRAs, 401ks, and other securities-based accounts may lose value. Determining how to invest in a bear market can help protect your investments from the long-term effects of stormy markets.
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How to Find a Great Deal You have made the decision to purchase a used car, but you’re not sure where to begin. You know you want something that will last a long time and you know you don’t want to pay too much (which is why you’re buying second-hand). But how do you find that winning combination of long life expectancy and low cost in a vehicle you can enjoy driving? When it comes to used cars, there are three keys to finding a great deal: knowing your needs and limitations, eliminating damaged and unsafe vehicles, and finding affordable financing options.
What’s the secret to saving money? Use less money than you make! Saving money is really quite simple, and yet many people struggle to do it. Instead, we tend to use credit to make purchases and end up paying high interest rates on our debt. Why is it so hard to save? Because in order to achieve any goal, you need a plan. With savings, the plan is called a budget.
It’s a new year—the best time of year to set resolutions and goals. If you don’t have savings or are living on a low budget, the idea of setting an investment goal might feel uncomfortable, but remember that discomfort often comes with growth. This is the time to challenge yourself to not just survive the year financially, but to come out ahead in the end. Even if you don’t have a lot of money, this is possible. Here’s how.
I start each year off like everyone else, with New Year’s resolutions—eat healthier and exercise more. Well this year I thought I would have a New Year’s resolution for my car! If you’re looking for some smart resolutions that will help you save money and maintain the value of your car, here are some resolutions you may want to make.