IT'S NEVER TOO LATE;GETTING OLDER WISER WORRY-FREE IN OUR GOLDEN YEARS

Which of these is among the five biggest factors in determining your credit score?

your credit score?-This is why it is essential to take care of your finances at an early age. It's never too soon to start planning for the future and make sure you are saving enough for life's unexpected events.

QUIZ AND DETERMINE THE FACTOR WHICH OF THESE RESPONSIBLE

1-Your payment history

2-Credit utilization
3-Negative information such as late payments
4-All of the above --
THE ANSWER IS =4

Top 5 factors for credit scores
1-Payment history- -35 per cent 2-Amounts owed--30 per cent 3-Credit history length-- 15 per cent 4-Credit mix-- 10 per cent 5-New credit--10 per cent
These are great tips for having a good retirement and making a good credit score-
As Age health may require more money and attention--
As age, your health may require more money and attention. This is why it is essential to take care of your finances at an early age. It's never too soon to start planning for the future and make sure you are saving enough for life's unexpected events. Here are 99 great ways for people of all ages to save money so that we can live a better life when we grow older. If we want to help our ageing parents or other family members, we should keep in mind that they need not just our help but also the money we send them. With one of our ideas for saving money, you can save thousands of dollars with just a little effort and creativity. To help you get started on your own creative journey of saving money, we compiled this list of 10 great ways to save for an ageing person. The era of retirement is fast approaching. This means that most of us are starting to look for ways to save for it. However, most people don’t know-how. It’s not a hard feat though. With our 10 tips and tricks, you will have no trouble saving money in the future. Here are some of the best things to know about saving for retirement:--

1) You should start as early as possible- The earlier you start saving, the more time your money has to grow on its own and the better off you will be when it comes down to retirement.

2) Start small- Saving little by little is better than trying too hard and making a bad decision. In today's day and age, it's important to save what you can - even if it is small amounts at first - because you never know when an emergency might hit and then your savings account will be that safety net that you need.

3) It's all about balance- Just because you can't save up a lot

How To Control Spending

Money regrets no. 1.

You're not saving-

Our best, all-new list of ideas is going to show you how to save money in a way that works for you and makes sense for your life! Getting into money regret is never fun, but it's worse when you have to do it because you're not saving. If you start saving a little more every month. For example, if you're like most Americans and only save an average of 5% of your income each year, then in just 20 years your retirement account will be worth more than $163,000. And many of us are actually saving less than that! If this sounds too good to be true—that's because there are lots of ways to save more without skimping on your quality of life or spending too much extra time on chores or work. You'll find some ideas below for your consideration. We all have those moments where we think to ourselves "what if I'd only done this differently?", or "I could have been so much better off if I had done this".

Money regret no 2-

WITHOUT LONG TERM PLANNING LOSING HEAVY HARD EARNED MONEY--We regret not participating in the stock market wisely to save money for retirement. Our research shows that the average American household can afford to invest USD $13,000 per year for 30 years in tax-advantaged accounts like a 401(k) or IRA and end up with over $4 million. The stock market may not be as risky as some think. In fact, it is one of the most stable long-term investments you can make! It has never had a decade where its return is negative, and historically it has outperformed inflation by 5% to 7%. The stock market is more volatile than ever and you may have been avoiding it. However, with the way that the markets are moving these days, it can be a big mistake. The stock market has experienced either some of its biggest declines or best returns over a 3-month period in history. Is this your first time investing in the stock market? Stock trading might seem like a daunting task but it doesn't have to be when you start small and learn how to buy and sell stocks without going broke. Review the information below for what you need to know about investing in stocks!

Here are a few reasons why people avoid the stock market:

1- It is too risky. 2-The time commitment is too high. 3-It takes a lot of work to stay current on the latest developments.

Money regret no 3-

Inflation Has Hit Everyday Expenses-
inflation has been high these past 12 months, but it’s been making life more expensive for years In the decade leading up to the COVID-19 pandemic, inflation ran around 2% per year, says Claudia Sahm, director of Macroeconomic Research at the Jain Family Institute. That slow and steady rise in the price of goods and services was more palatable for consumers but worrisome for the Federal Reserve. Some economists argue that low inflation is a sign the economy isn’t dynamic or isn’t growing enough.
That’s clearly not the case today. Gross domestic product, a measure of the nation’s economic output, rose at a feverish 6.9 per cent in the last three months of 2021, compared to the same period in 2020, and the unemployment rate sank to 4 per cent in December 2021, down from 6.4 per cent the previous year. The recent burst of inflation is grabbing headlines, but the effect of inflation is cumulative, and the increase in prices over the past decade is even more eye-opening. Back in 2012, older adults were paying a lot less for key goods and services.

The Debt Snowball Method To Pay
Major points of remembering-

1-Any support you’re providing adult children is an expense you need to rethink.
2-The most important advice I have is to plan to live a very long life.
3-Don't start with me that you don’t want to leave money on the table.
4-There is no better sleep-at-night, enjoy-your-retirement move than to know you can cover your basic monthly living expenses from income that is guaranteed to land in your bank account every month.
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