Spruce up that Cover Letter

I think it’s safe to say that the difficult economic environment has not left anyone untouched.  Folks feel it at the grocery store, with prices in goods increasing, and they certainly feel it at the gas pump every week.  Most recently I have noticed amongst my circle of friends an increase of those searching for jobs.  I know this is not new for many; however I found this article that was helpful in giving tips on how to make a cover letter really stand out by not committing these outdated pieces of advice.

Spring is in the Air

Jean Chatzky is one of my favorite people to turn to for practical financial advice.  Her philosophy about money is simple and matter-of-fact.  She encourages you to spend less than you earn (which can be difficult), to save, then invest and to protect what you have worked hard for.

Helpful Investment Advice for Young Investors

Recently, CNN Money ran an article with great advice for young investors. I think it is timely given that the last few years have caused such havoc on portfolios of investors of all ages. Hearing about those who were just about to get ready to retire, lose so much was heartbreaking and unnerving to say the least. The article was encouraging in that it provided sound advice for young investors, still wary about whether or not to invest. 

What’s the deal with the mortgage deal?

The all too familiar story of homeowners in over their heads owing more on their home than it is worth may have a twist! A $26 billion foreclosure settlement mortgage deal with the nation’s largest banks, will provide some relief to homeowners under pressure.

Consumer debt decreased in 2011

Great news, credit card debt decreased by 11% last year!

According to a recent article from CNN Money, the average credit card balance in 2010 was $7,404 and in 2011 this dropped to an average of $6,576.

Never too early to plan for Retirement

The economy as of late has really opened my eyes. It causes me concern to think of those in their retirement that have been severely impacted by the rapid shrinking of their retirement portfolios. What if that was me? What am I doing about my retirement? I currently have a small percentage of my paycheck automatically invested before taxes into a 401-K. Is that enough? What else can I be doing?

Can we stand another financial meltdown?

The Federal Reserve is having America’s largest banks go through a new round of Stress Testing to see if they would be able to endure financial meltdown like what we experienced in 2008. Stress Testing helps determine the stability of a given entity, in this case, financial institution.