How Men and Women Manage Money Differently

Personal Finances

Despite society’s advancements, there are still significant differences in the way men and women manage money. Dozens of studies have been performed on this subject, with research from around the globe. Being aware of these differences can help us understand the ways we deal with our finances. Attitudes toward shopping Men and women look at shopping very differently. A study …

Discussing Risk Management With Your Spouse

Directions Financial Solutions

One of the most challenging issues for couples to resolve is how much risk they’re willing to take with their investments. Here are some tips to guide you on the road toward joint venture: 1.) Communication is key Let your partner know you’re willing to research options together and come up with a plan. Erica Coogan, a partner at Moss …

7 Money Myths You Need to Stop Believing Now

Personal Finances

We all grow up hearing the same financial advice: Spend less, save more and invest early. While most of these words of wisdom ring true, there are lots of widespread money management tips that are actually false. Read on for 7 money myths that might be causing you more financial stress than benefit.   Myth #1: Debit is always better …

Balance Your Portfolio To Keep Your Future On Track

Directions Financial Solutions

Personal finance is almost always a balancing act. You’ll need to strike a balance between spending and saving. You’ll want to balance your expenses against your income. You would be wise to make sure the risk and potential reward stay in balance. Most importantly, though, your portfolio will benefit if you keep your investments in balance. There are many ways …

Getting Your Finances In Order

Directions Financial Solutions

Congratulations! You’ve made the important decision to invest some of your finances this year, and it’s your first time ever. But where do you start? Jumping into the market without first taking careful stock of your finances is like asking for seconds at the dinner table before finishing your first portion. Though you can technically invest before your debts are …