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At least closer in terms of proximity. A recent survey from the Pew Research Center shows that because of difficulties with their personal finances, many young adults are being forced to move back in with their parents. Of parents polled by Pew, 13 percent said that one of their adult children has had to start living with them again due to economic stress.

“Social scientists call them ‘boomerangers’ – young adults who move in with parents after living away from home,” a report from Pew stated. “This recession has produced a bumper crop.”

Overall, 4 percent of respondents who are older than 18 said they have had to move back in with their parents because of the recession. That number spikes for those who are between 18 and 34 years old, with 10 percent of respondents saying they’ve had to return home because of personal finance difficulties associated with the economic downturn. Continue reading ‘Recession Forcing Many to Move Back With Parents’ »

As the New Year approaches, we will soon begin to celebrate this upcoming New Year’s Eve. You might be planning a fun party with friends and family. This is okay, but have you taken the time to come up with your New Year’s resolution? If not, now is the best time. And, if you are one of the many, many American consumers in debt, why not make your resolution to be to get out of debt. In fact, here are three reasons why this is a great idea:

1 – It Is a New Year, a Fresh Start

Each year, there is always some excitement when that clock strikes midnight on not just a new day, but a new year. Most of us consider it a fresh start. Wouldn’t you like to start your fresh start off on the right foot? That is why you should resolve to get out of debt this year or, at the very least, get the debt relief process started. Whether you opt for do-it-yourself debt relief or seek professional assistance, set this all important goal for yourself. Continue reading ‘Managing Your Finances – 3 Reasons to Make it Your New Year’s Resolution’ »

Money talks in every part of your life. It is tied to your deepest emotions for love, power, security, independence, control and self worth. It affects everyone in your relationships. It affects the way you every day’s activities. It affects everything.

Money is always on it’s way somewhere. What you do with it while it is in your keeping, and the direction that you send it,say much about you. Your treatment of and respect for money reflects your character. Money does not buy happiness…but neither does poverty. Money will bring you food not appetite, medicine not health. People still think that money is a panacea that will solve most of life’s problems. It is not and it doesn’t. Nevertheless there are things that money can buy. A sense of security, a comfortable retirement, an ability to provide for your family. Yet to truly appreciate the value of money, you must have the experience of earning it yourself. Money provides greater choices and possibilities only if it is understood and managed. And the biggest mistake you can make with your money is neglect. If you choose to overlook the fact that every dollar counts, you may just lead your wallet in a park bench. The skill sets that help you acquire more money are vastly different from the ones that help you keep and grow it. Continue reading ‘If You Respect Your Money, Success Will Arrive Fast’ »