Financial & Life Blog
Credit card utilization refers to how much of your available credit you use on a monthly basis and is a metric often used in credit scoring algorithms. It is defined as your total open credit card balances divided by your total open credit card limits. The resulting percentage is a component used by most of the credit scoring models because it is often correlated with lending risk.
If your goal is to save enough to fund a long retirement, and you’re not sure how to start or how to catch up, remember that there’s more than one path to success. Retirement rules that work for some may be a myth for others. Here’s why knowing that some retirement rules are myths could potentially benefit you in your quest for long-term retirement success.
We all know men and women are different in some fundamental ways. But is this true when it comes to financial planning? In a word, yes. In the financial world, women often find themselves in very different circumstances than their male counterparts. Everyone wants financial security. Yet women often face financial headwinds that can affect their ability to achieve it.
On Wednesday, the Dow, Nasdaq and S&P 500 all closed at all-time highs. For the first time in 25 years, the three indexes made five consecutive new highs together. While I've expected some pull-back in the market this quarter in the near-term, I've been happy to see that my views so far have not been accurate.
On December 15, 1985, a little over 31 years ago, I left the relative safety and security of college life and started my first corporate job. On that day as I contemplated what my boss would be like and what work I would be given. I don't think I would have imagined the journey that lay ahead of me.
Sometimes, the best reaction is no action at all. To help my clients understand this when it comes to their behavior involving their financial investments, I sometimes use a soccer analogy. During a penalty kick, a soccer goalie must make a split-second decision to stay put in the center of the goal, jump left, or jump right.