article thumbnail

What Makes a Saver?

Prairie Eco-Thrifter

Many believe that early childhood examples and upbringing contribute greatly to the saver’s predisposition to save. I also saved – maxing out 401K contributions to build up the retirement funds. In addition to our immediate environment, the culture of our times, places and peoples affect our inclination towards saving.

Making 124
article thumbnail

Seniors – Keep Your Allocations

Prairie Eco-Thrifter

Examples of financial advisor suggestions that would have steered my family wrong: An estate trustee at a bank recommended selling off Chevron stock that my Aunt owned “because it is too risky”. For example, a 50-year old would hold 60 percent of his or her investment portfolio in stocks. Stocks were cheap.

Money 170
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Should You Keep Financial Documents

Family Balance Sheet

Bank Statements - One nice thing (among many) about the electronic age is that banks keep statements online up to a couple of years. Our personal bank has statements online all the way back to 2006. For other receipts from a credit card for example, groceries or gas, keep until you get your next statement to look for any errors.

article thumbnail

Carnival of Financial Planning – Money Management Edition #231

Prairie Eco-Thrifter

Anisha Sekar presents Data Breaches and Identity Theft: How Much You Could Lose posted at NerdWallet , saying, “Thankfully, in the case of a data breach like Global Payments, your bank or credit union will shoulder most of the burden of keeping you safe, letting you know if your account is compromised and issuing a new card if necessary.

Money 133