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November 22, 2023
By
The Admiral Staff
A recent survey by The Penny Hoarder reveals that over half of Americans (55%) don’t budget, and a similar percentage (56%) are unaware of their monthly spending. However, those who do budget are more likely to track expenses and avoid overspending that impacts bill payments. While many non-budgeters cite lack of necessity, time, or organization as reasons, experts emphasize that budgeting is about aligning values with spending. Popular budgeting methods include spreadsheets, zero-based budgeting, and
July 26, 2023
By
The Admiral Staff
Traditional life skills classes like home economics and auto shop are less common now, leaving many adults lacking essential knowledge. To address this, “adulting classes” are emerging nationwide, offering affordable lessons on everything from basic cooking and budgeting to changing a tire and self-defense. For those seeking a more budget-friendly option, the article suggests learning these skills independently through online resources, highlighting ten key life skills to master.
January 15, 2023
By
The Admiral Staff
A reader is seeking advice on whether to encourage their 17-year-old grandson, who already saves half his paycheck, to invest in a Roth IRA. The financial advisor suggests it’s a good idea due to the potential for tax-free growth, noting that anyone with earned income can contribute (up to $6,000 in 2022 or $6,500 in 2023), and a custodial Roth IRA would be needed until he
