streaming servicesWith rising prices and lowered quality, many people are taking the leap from cable services to online streaming services.

Studies have shown that around 25% of American households no longer have cable, and instead use online streaming services to watch their favorite shows and movies. So what are the best streaming services that will help you replace your cable?

Start streaming services with Netflix

Netflix is the "holy grail" streaming service that many people already have, whether they're using it in conjunction with their cable or using it with other streaming services. At $7.99 for the cheapest plan (for use on one screen at a time), Netflix is an affordable option for those looking to venture into online streaming services.

Pros with Netflix include the release of new movies fairly quickly, many popular shows and Netflix originals (some being critically acclaimed), and many shows having all of their seasons all in one place.

A few cons to note are that Netflix typically releases seasons all at once.So, You may not be able to watch your favorite show right away. Also, Netflix is known for raises its prices every few years or so. In fact, they just announced they would be raising prices again (with the middle plan starting at $11 instead of $10). ...continue reading

never retireWhile it is becoming increasingly popular to retire early or achieve financial freedom before 65, there are quite a few reasons why you should never retire.

People are Living Longer

It is projected that in 2050, over 20% of the population will be 65 years or older. That's up from 12% in 2000. With more people living longer, there comes more time to enjoy life and work if you choose to. 65 doesn't automatically mean you have to give up your job.

In fact, 65 doesn't mean a decline in health or physical capabilities, so if you want to work, you shouldn't let age hold you back.

You should never retire just because of the stigma around age. In fact, adults are expected to live to at least 84 years once they make it to their 65th birthday. That's almost an extra 20 years. Can you imagine being retired for 20 years?

No Retirement Security

It is well known that saving for retirement is important. However, many baby boomers, Gen X'ers, and Millennials still aren't saving and investing. This leads to a lower amount in savings, and a lower amount of money that can be used once a person has retired.

You should never retire if you feel you can't make ends meet. Even if you can afford your lifestyle, money is never guaranteed. Having a job, even if part-time, or a side hustle can offer you more flexibility, and money in your pocket. ...continue reading

kids' summer vacationsIf you have, or plan to have, children, you’ve got to change up your financial roadmap. The sooner the better for this one, but even if you already have kids, it’s not too late to make some important changes that will benefit them in the long run.

There are several ways to organize finances for the benefit of your children. We’ll cover three main areas of focus:

  1. Preparing for the future.
  2. Preparing for emergencies.
  3. Creating a stable, nurturing life in the here and now.

Each of these need careful consideration and a fair amount of financial discipline. But if you make the right plan and stay the course, your kids will have a better financial life than you may even dream possible.

Preparing for the Future

Kids have a big future ahead of them. With many decades ahead of them in all likelihood, there are ample opportunities to build a good life...or a bad one...depending on the choices that are made.

In the early days of a child’s life, most of these decisions are up to you. One of the best ways to help your kids out in the long term is to model good financial behavior by saving, investing, and avoiding debt.

You may also wish to save or invest on behalf of your child, giving them the building blocks they need for a nest egg somewhere down the road. Finally, teach your kids basic money skills. This will help them make good choices when they are financially independent. ...continue reading