HOUSTON — Once again, millennials are breaking the mold!
A new Merrill Edge report suggests millennials arent saving for the future, but for fulfillment instead. Researchers said it is the first generation to plan for financial freedom, instead of retirement.
An estimated 63% of millennials polled say they are saving to live their desired lifestyle, but only 45% of Gen Xers share that same fun first mindset.
On the flip side, 55% of baby boomers said they were saving to leave the workforce, while only 37% of millennials are worried about their golden years.
Young adults are willing to do whatever it takes to achieve freedom and flexibility– even if it means working for the rest of their lives, Aaron Levine said.
It looks like saving for a rainy day is no longer the way, and living in the now is the wave of the future!
Lee Square is a collaborative effort between the City of Bowling Green, the Housing Authority, and HANDS.
There are 27 homes in the neighborhood thats designed for low to moderate income individuals.
The homeowners are required to go through credit counseling and some down payment assistance is provided, but the homeowner must keep the house for 20 years or pay that money back.
The newest resident of Lee Square, Shalana Beasley, is ready to move her family in.
Im so excited. I never really thought about actually buying a house until a couple of years ago. I thought it would be something to later pass on to my kids so theyll be appreciative, hopefully, as they get older and actually understand.
Beasley is hoping to close on her new house within the week.
Donaldsonville’s Juneteenth Celebration features various special guests and performing talents from all over the south such as Claude Bryant Reggae Allstars (12:30 -1 pm), DJ Derrick 1:30-3 p..), Bucket List Band (3-4 pm), Universal Language (4:30 -5:30 pm) and the Michael Foster Project (5:45-7 pm).
There will also be numerous workshops focusing on the theme of Financial Freedom. According to organizer Tamiko Garrison, financial gurus such as credit coaches, investment consultants, bankers, financial planners and tax attorneys will be on hand to discuss credit repair, investments and banking to assist families, teens and adults with securing financial freedom in their lives.
“The festival is about love, togetherness and a celebration of freedom,” Garrison said. “It is open to everyone. We have to remember our past so that we can learn from the good and never repeat the bad. The celebration is not just for the city, parish or state, it is for the world.”
For more information about the free event visit juneteenthdville.com.
A high credit score is the key to ensuring that borrowers receive a low mortgage rate. Heres a quick rundown of what the numbers mean – a score of anything below 620 ranks as poor, 620 to 699 is fair, 700 to 749 is good and anything over 750 is excellent. Think carefully before canceling a credit card with a long, positive history, but decrease your debt. One of the biggest factors which impacts your credit score is your credit utilizationrate.
Borrowers who have higher credit scores have an advantage when it comes to saving the most on interest rates and other mortgage fees, said Bruce McClary, spokesperson for the National Foundation for Credit Counseling, a Washington, D.C-based non-profit organization. Finding the most affordable home means shopping competitively for the best mortgage terms.
With the economic times hitting so many households so hard it is time to find out how you will be able to manage in these difficult times. A household budget must be implemented in order to determine where you are overspending and can cut costs. This can help you begin to practice cost analysis methods before you go out and spend money.
A cost analysis is a method of determining the overall cost of a family event. For example, you want to take your three children to the movies and you want a real cost of the show. The show is 50 miles away, the kids must eat, you have to buy tickets, etc. You may find the overall cost to go to the movies after gas, food and tickets, is around $ 100 or more. This is not cost effective for your budget. Determining the cost of a movie is not only the tickets to get into the show. This is where many people go wrong with their budget and they cannot figure out where their money went. Take snacks, carpool, eat first, or just rent a movie on pay-per-view and stay at home. A cost of $ 5 is much better than $ 100.
Women are discovering that money is power. They are now learning how to earn it, accumulate it, invest it, spend it and manage it like a professional.
According to a special programme presented by BBC Radio4’s Money Box which looked at women and finance they revealed that within 20 years women will control 60% of the personal wealth in the UK, claimed research published earlier this year. There are also 24% more women millionaires under the age of 44 than men, the report added.
By John Dempsey, WLS-AM News
(CHICAGO) Illinois Governor Bruce Rauner says he is committed to reaching a budget compromise, even though Democrats accuse the Governor of being too rigid, with one week remaining in the spring legislative session.
Rauner told “The Big John and Ray Show” on WLS that he cannot approve a budget unless it contains local property tax relief.
“We’re here in Springfield working hard, get a balanced budget, truly balanced, and with real property tax relief. Our property taxes are the number one problem,” said Rauner, “I will alwaysnegotiate and always compromise but we need a real deal that moves the needle and truly protects taxpayers. They have not agreed for true property tax relief. It’s the number one burden on our families in Illinois. It’s the number one tax it’s pushing our employers out and crushing our jobs and making high unemployment.”