How Pay Transparency May Affect Your Job Search or Next Raise

Knowing if you’re being paid fairly for the work you do is a mystery shrouded in a lack of information. That may be changing, though, and pay transparency may be the catalyst. It’s a growing trend for companies to reveal what a job opening or current position pays — whether voluntarily, or because governments mandate … Continued

6 Steps to Higher Net Worth: A Year-End Financial Checklist

If you want to build momentum for your New Year’s money resolutions, set some financial improvements into motion before the end of the year. Here are six easy-to-implement steps to help boost your net worth going into the new year. 1. Mind your health insurance deductibles End-of-the-year financial planning strategies aren’t always this well-timed: “My son’s birthday … Continued

How to Protect Your Spending Power From Inflation

Inflation — the rise in consumer prices — is a slow erosion of your money over time. Before 2021, the United States hadn’t seen annual core inflation much above 3% for the better part of 25 years, says Michael Ashton, managing principal of Enduring Investments, a consulting and investing firm in Morristown, New Jersey. So … Continued

Don’t Just Pay Your Bills — Pay Attention

Forget the daily $5 latte as an already timeworn example of less than mindful spending. One financial advisor had a client spending some $3,000 a month on sushi — without realizing it. The advisor convinced his client to track a month’s worth of spending and both of them were surprised by the results. Solution: a … Continued

Better Savers Spend Less Money on These 3 Things

Reducing spending in three common budget categories may significantly boost your ability to save money. And a small mental trick could help you stick to an ongoing savings plan. Those are the findings of two studies investigating the spending habits of better savers and the psychology of saving. Here’s how to apply these habits to … Continued

A Pandemic Shift in Finances: Simplifying and Saving

The pandemic has caused many people to reassess their priorities. There is talk of moving out of the city, simplifying life and saving more money. “I’m not going to spend money like that anymore,” my millennial daughter told me recently, talking about past shopping sprees on handbags, jewelry, and yes, lattes. “Financial security is fun now.” … Continued