Generation X, defined as the cohort born between 1965 and 1980, is often the forgotten generation. Boomers, Millennials, and Gen Z may dominate the headlines, but Gen X is reaching a pivotal point in their lives. Becoming middle-aged often means balancing a multitude of responsibilities, including raising children, preparing for their college years, planning for retirement, and possibly caring for elderly parents. That’s a lot to juggle financially and emotionally.
Credit cards are almost too easy to get today. It seems every time you open your mailbox, your email, or shop online or in-store, someone is offering you a credit card. Whether it’s your favorite retailer, airline, or gas station – there’s a credit card for that!
Everything requires an account today, from handling your finances to watching your favorite shows. Between managing all these different accounts and logins, there is no worse feeling than realizing you’ve been locked out of your own account. Or worse yet, that money is missing, or purchases were made without your authority.
Businesses regularly rely on sales and other marketing tactics to increase revenues and pad their bottom lines. While these offers might be enticing to consumers, many of these “deals” are just psychological tricks designed to get you to spend more.
As we approach the midway point of the year, now is the perfect time to perform a quick check-in with your finances. Regularly reviewing your saving and spending habits, and making necessary adjustments, helps ensure you stay on track to meet your financial goals.