As part of Peach State’s commitment to helping you realize your financial goals, we are pleased to provide MyBalance, a free online tool that helps you create a budget at https://mybalancebudget.org/. Continue Reading…
Have you found your dream home, but you’re just not sure where to start? Do you love your home but not your interest rate? The process can be a little overwhelming, but Peach State has smart solutions to help make your dreams come true.
Fewer Americans Are Turning Out Lights
Americans are less apt to turn out lights when not in use — or seek out energy-efficient appliances — than they were just a few years ago, according to a new poll.
The poll, from Harris, found that majorities of Americans still do basic things to save energy, but the percentages have dropped since 2012. For instance, 79% do things like turning off lights, televisions or other appliances when not in use. But that’s down from 82% in 2012.
Last time we covered when you should start thinking about saving for retirement, some statistics that prove starting early will pay huge dividends, and some factors to consider when making your contributions. Today we’re going to look at some financial tools to help you stay on top of your budget on a daily basis.
It IS 2013 after all, and the Internet is an amazing resource, with a multitude of financial tools that have sprung up, many of which offer a free version. Some of these tools are a great way to help keep your finances organized and guide you in making wise financial decisions. Continue Reading…
When should you start planning and saving for retirement? Truthfully there is no exact answer to this question, but believe it or not, it’s a good time to start when you land your first job out of college. Developing good spending and saving habits, and learning to budget and invest while you’re young will help you avoid unnecessary debt and reap the rewards in your financial future. It’s kind of like brushing your teeth… you start young brushing your baby teeth so that when you’re older you’ve developed good habits for your adult teeth. This way your teeth won’t all FALL OUT and you won’t be living on the street when you’re 75!
You’re never too young to start saving, but keep in mind that as you age, the cost of saving increases with each passing year. According to Money Magazine’s “Ultimate Guide to Retirement”, a 25 year old who sets aside $3,000 per year for 10 years and never contributes another dime will have more than $472,000 at retirement (assuming an 8% return)!! A person who doesn’t start contributing until the age of 35 who sets aside $3,000 a year for 30 years will only have that money grow to about $367,000. In a nutshell, Saving for only 10 years when you’re 25 will get you MORE than saving for 30 years if you start just 10 years later! WOW! The benefits of starting young are clear, but you’re never too old to start!