Saving and Investing
Saving excess money/cash to use for future purchases, emergency savings, or life expenses. This excess money can be saved in various places, financial institutions, credit unions, investment plans, or at home under lock and key.
InvestingWhat is an Investment?
An investment is a payment made to acquire the securities of other entities, with
the objective of earning a return. Examples are bonds, common stock, and preferred
stock.
There are two ways to earn a return on an investment, which are from ongoing payments
issued by the investment or through the appreciation in value of the asset.
The concept can also mean the acquisition of fixed assets for internal use, also with
the objective of earning a return. This type of investment is much more likely to
generate returns through positive cash flows, rather than through appreciation.
___________
Source: Accounting Tools (https://www.accountingtools.com/)
The rule of 72 is a simple formula that shows how quick your money will double at a given return rate. Essentially, you can divide 72 by your annual compound interest rate and see how many years it will take for your investment to double.
Articles
- A Wise Consumer
- Money Matters and Steps to Defeat Money Depression
- Saving Dollars When You Haven't a Dime to Spare
- Money Journaling - A Strategy to Financial Freedom
- Financial Stress and Your Health
- Health Insurance Options
- Surviving During Financial Emergencies
Financing and Investing Websites
- America Saves - A campaign managed by the nonprofit Consumer Federation of America, motivates, encourages, and supports low- to moderate-income households to savey money, reduce debt, and build wealth.
- Bankrate - News on lending and mortgage rates
- Better Investing - National Association of Individual Investors, a nonprofit group to help build wealth
- Bloomberg - Bloomberg Business News Website
- Consumer Fiancial Protection Bureau - Consumer Resources - Many resources to assist consumerswith a variety of financial topics
- Consumer Financial Protection Bureau - Start Saving - Start saving for an emergency fund, using your tax refund, and building your savings. Free downloadable savings booklet.
- Dow Jones - Dow Jones website
- Utah State University Extension's Budgeting and Saving - Watch it, read it, and then implement it.
- Yahoo! Finance - Yahoo! Financial website
- Ginnie Mae - Government National Mortgage Association tips for homebuyers/investors
- HSH Associates - Publishers of mortgage data and consumer loan rates
- Morningstar - Website for stock and mutual fund information
- Nasdaq
- New York Stock Exchange
- The Street - Market news and stock advice
- Treasury Direct - US government website for treasury issues and savings bonds
Personal Finance Websites
- Choose to Save - (check out the Ballpark E$timate—a short worksheet that helps you identify how much you need to save for a comfortable retirement). The University of Wyoming is a member of the American Savings Education Council (creator of Choose to Save).
- Consumer Action Handbook - The Consumer Action Handbook is one of the most informative and popular consumer
resources available. This free guide from the Federal Citizen Information Center
helps citizens find the best and most direct sources for assistance with their consumer
problems and questions. Designed to help consumers before and after they make a purchase,
the Handbook features great tips on car repair, purchase and leasing, shopping from
home, consumer and investment frauds, home improvement and financing, choosing and
using credit cards wisely, protecting privacy, making health care decisions, choosing
an education plan, and much more. A searchable version of the Handbook(in English
and Spanish) is available online at http://www.ConsumerAction.gov
For single copies, send your name and address to: Handbook, Pueblo, Colorado 81009; go online to http://www.ConsumerAction.gov and click on "Order Handbook;" or call toll-free, 1(888) 8 PUEBLO. That's 1 (888) 878-3256, weekdays 8 a.m. to 8 p.m. Eastern Time and ask for the Handbook. - eXtension Personal Finance - Connect to the national network of the Cooperative Extension Service: it is like having a personal financial educator, but even better. Publications and answers to Frequently Asked Questions on a wide variety of financial topics are available to consumers 24/7/365 at not cost.
- Financial Fitness Quiz - Want to improve your personal finances? Start by taking this quiz to get an idea of how well you have managed your money so far.
- Financial Planning Association (FPA) - FPA provides brochures on timely personal finance topics to help individuals and families make smart decisions about their financial future. All brochures offer information on a variety of topics ranging from how to deal with a sudden job loss to planning for higher education.
- How to Handle a Furlough: Develop a Plan - Sometimes, just as people are making progress to improve their finances one small step at a time, something happens to set them back. For some people in today's difficult economic climate, that setback is a furlough.
- MyMoney.gov - A great place to get started. Find information intended by the US government to help improve the financial literacy and education of persons in the United States.
- Young Money - Magazine and website with sections on money management, entrepreneurship, careers, investing, technology, travel, entertainment and automotive topics.
- Wyoming Jump$tart Coalition - The coalition helps bring awareness about financial literacy topics for Wyoming's youth and provides training to teachers and students around the state.
