In an era where the cost of living is high and the income is stagnant, leading a happy financial life is nothing less than a dream for the millennials and baby boomers.
Debt consolidation started off as a personalized debt pay off strategy, but later on got developed as a professional debt relief service, that is now provided by many debt help companies.
When it comes to saving for retirement, the thumb rule is that the earlier you start saving, the sooner you can save enough money for retirement. This is a truth as your savings grows with compound interest.
Giving priority to paying off your debts is crucial. But, is it more important than having a baby? People have mixed views when they were asked if they should get out of debts before having kids.
How children think, how they respond, and how they act are highly affected by their parents’ activities.
So, how your kids will behave is totally dependent on you.
The sooner you start saving, the more you can save for your retirement. Gone are those days when you can rely on the pension plan. Even you can’t depend fully on the Social Security benefit to secure your post-retirement days.