A Report on Investing, Credit, and Money Management

Financial jargon can often shroud the world of moneymaking, saving, and investing in mystery, making it seem like an elite, private club only for those who can decode the terminology. The language of money, however, can be easy to decipher. Financial information sites with worksheets, downloadable pamphlets, video and news articles have made the money world much more accessible to modern consumers. Anyone from kindergartners to senior citizens can learn basic investing, savings, and credit strategies that will lead to wealth and a secure future. While understanding the terms, risks and best practices takes time and steadfast dedication, learning how to manage and invest money is easy if you find the right resources.

Investing

  • Preparing to Invest: This SEC website introduces and guides novices to the world of investing and saving. Each page leads to a new worksheet or planning strategy.
  • Investing Primer: This investment community explains investment terminology and offers a guide on selecting stock.
  • Starter Guide to Investing: This Financial Industry Regulatory Authority website includes helpful investing articles on everything from bonds to online trading.
  • Investing in Stock: This Ohio University site explains the basics of stock, related risks, and how to purchase stock.
  • Investing on the Web: Website gives tips on both long-term and short-term online trading.
  • FAQs on Money Market Funds: This Investment Company Institute website offers answers on questions related to rules of money markets, net asset value, interest rates and more.
  • Investing Library: This site includes an array of downloadable booklets on investing basics.
  • Avoid Getting Duped: Cornell University site discusses insurance fraud.
  • Benefits of Bonds: This professor’s website details the appeal of buying bonds in a simple, easy-to-understand way.

Saving

  • Getting Started with Saving: This website offers tutorials on savings, news articles and spotlights on regular, everyday people who save.
  • Setting Financial Goals: This Rutgers University site advises people on how important it is set goals for month savings and even suggests a financial “bucket list.”
  • Achieving Financial Security Through Savings: This USDA site explores how one can become self-sufficient by saving, reducing debt, and investing. Site recommends research and financial education programs.
  • Ways to Save for College: This site offers more than 100 ways to financially prepare for college
  • Tips on Saving: This website, established by the American Savings Education Council, not only gives concise saving strategies but it also highlights the common mistakes of saving.
  • Car-Related Savings: AARP site suggests ways to save on the purchase of a new car, on car repairs, and on fuel.
  • Advice for Married People: This site discusses saving money within a marriage.
  • How Marriage Can Save You Money: The renowned Motley Fool site offers five ways to take advantage of marriage-related savings, such as combined job benefits and linked bank accounts.
  • Understanding the Check from Your First Job: This IRS site explains common paycheck financial deductions for those new to the job market.
  • Boosting Your Earnings: This site gives the dos and don’ts of landing a raise on the job.
  • Wedding Savings: Site suggests saving money on a wedding by having an eco-friendly or “green” wedding.
  • Inexpensive Wedding: Financial website Bankrate offers top ways to save on a wedding.

Retirement

  • Retirement Planning Guide: The Department of Labor offers a seven-chapter guide to balancing income with expenses for quality retirement.
  • Printable Retirement Booklet: This Purdue University website has a 10-module guide on planning for security in retirement.
  • All About IRAs: This website defines and explains the basics of setting up an individual retirement account.
  • Figuring Social Security into Your Retirement Plans: The Social Security Administration site offers a benefits calculator and an array of planning tips.
  • Creating a Retirement Portfolio: Booklet gives examples of four different portfolio models and explains how to allocate assets.
  • Managing Federal Retirement: The Office of Personnel Management site gives information on the retirement benefits for employees of the federal government. These can include railroad workers, steelworkers, post office workers, etc.
  • 401(k) Comparisons: This site offers a chart to compare the features of a traditional 401(k) plan with a Roth 401k and Roth IRA.

Debt Reduction

  • Getting Out of Credit Card Debt: This article offers five tips for reducing debt from credit cards, such as avoiding those tempting cash advance offers. Entire website is devoted to debt education.
  • Debt Reduction Mistakes: This website approaches relieving debt by explaining what NOT to do. Gives counter advice.
  • Tips for Spending Less: This website offers strategies to reduce spending and make better money choices.
  • Spending Primer: This CNN Money site offers the basics of using a budget to spend less.
  • Tips on Lowering Mortgage Payments: This site offers five strategies for reducing the interest paid out of mortgages.
  • Managing Debt Collectors: This website lists the actions that debt collectors can legally perform as well as the prohibited debt collection behaviors.

Protecting

  • Shopping for Life Insurance: This website gives guides on what to look for when preparing to set up annuities and various life insurance.
  • Getting Auto Insurance: This site answers the most frequently asked questions regarding car insurance.
  • Creating a Trust: This Federal Trade Commission site advises consumers
  • Planning for Your Own Long Term Care: In addition to arranging life insurance, many people prepare long term care plans to ensure they can financially afford treatment in the case of severe sickness. This Health & Human Services website guides this process.
  • Will Basics: Site guides in preparation of wills to guard and disseminate your estate.
  • Income Tax Mistakes: Articles advising how to protect yourself from IRS trouble by avoiding this common tax mistakes.

Hiring a Financial Advisor

  • Getting a Financial Advisor: This site explains the different types of advisors, their required certification, and their fees. Links to associations that help you find an advisor.

Financial Crisis

Teaching Your Kids About Money

  • Financial Help for Teens: This website is dedicated solely to helping teenagers develop a financial plan. Includes downloads and parent tips.
  • Financial Literacy for Children: This kids-focused financial site include information to help children from age 5 to 18. Also includes sections for parents and school educators.
  • Easy Finance for Kids: This website offers a fun, magazine-style financial website for children.

Resources

  • Banking Help: This federal website offers advice in dozens of banking categories, including mortgages, asset management, and credit management.
  • Money Hub: This “Smart About Money” website, managed by the National Endowment for Financial Education, offers financial newsletters, calculators and advice.
  • Financial Education Resource: This federal website include details on developing a savings plan, spending plan, and retirement plan.
  • Retirement Education: A place for research and news articles on retirement life, this site stresses retirement security.