Three money management tips for young adults

Unfortunately, money management is not taught in elementary school. Only 17 states require students to take a personal finance course in high school, but only a handful of them require you to pass a test on the topic.

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When it comes to managing finances, the younger generation tends to make mistakes until they learn. With that in mind, here are three management tips for young adults:

1. Begin retirement planning with your first job

If the company you work for offers a 401(k) plan, sign up at the first opportunity. If they don’t provide it, divert some of your funds into an IRA. It’s easier to build your retirement fund as early as possible, so you’ll be able to retire earlier.

2. Use your credit card sparingly

Remember, it’s not your money. Once you use it, you incur debt. Pay it off before it gains interest. A credit card is a good way to build up your credit score, provided you pay it on time.

3. Select your partner wisely

Choose someone whose values match your own, not just where money is concerned, but more importantly, ethical and moral values. Get to know your partner so well that you can trust him or her.

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Image source: elearnmarkets.com

I’m Jack Bonner from Arizona. I’m currently studying finance with the goal of becoming a forensic accountant. Visit my blog to know more about me.

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The best heavyweight boxers post-Ali

Boxing can be divided into two eras – pre-Muhammad Ali and post-Muhammad Ali. If he didn’t say he was the greatest, someone else probably would have. There is very little doubt that Muhammad Ali was the greatest light the boxing world has ever known. Here are some of the other greats who came after Ali.

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Image source: boxrec.com

Larry Holmes

Larry Holmes emerged at the tail-end of Ali’s career. He was the former sparring partner of Ali who would later beat and retire Ali. Often said to have had the greatest jab in heavyweight boxing history, Holmes defended his title 20 times, which is the second-most for heavyweights.

Mike Tyson

Much has been said about Iron Mike — but when he was at his peak, when he was Kid Dynamite, when Cus D’amato trained him, the world never saw a more terrifying, more dominant fighter. He had the power of George Foreman but had the speed and technique to focus it all on an opponent.

Evander Holyfield

Holyfield was as rugged and tough as he was mild-mannered. He could take punishment, and he could dish it out as well. What he lacked in technique, he made up for in endurance and stamina. And he was built like an oak tree.

Lennox Lewis

Speaking of technique, Lennox Lewis provided the blueprint of the technique for heavyweights in the modern era. He knew how to counter and conserve his strength for the later rounds. Lewis dominated much of the late ‘90s to the following decade.

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Image source: boxrec.com

I’m Jack Bonner, a student and part-time bank clerk from Arizona. I love talking and writing about sports. Follow me on Facebook for more interesting discussions.

How To Balance Working And Working Out

Balancing work and your personal life can be difficult. One thing that has helped me is to always remind myself that I “work to live, not live to work.” This can be hard at times, especially now that I have a demanding job that’s physically exhausting. However, to maintain good health I make sure that I squeeze in some time for workouts.

Here’s what you can do to balance work and working out.

Schedule your workouts

And stick to it. It’s often tempting to skip your scheduled workout sessions and just crash into your bed after work. You’ll get used to it in no time. Having an organized planner can make all the difference in making time for all your appointments. There are many apps out there designed to do just that.

Image source: gymprofessor.com

Pack your gym bag in advance

Being prepared and ready to exercise is a great way to weed out some excuses why you can’t stay fit and be active. When we get home, we usually just want to rest, so preparing to go to the gym could be the last thing on our minds. Pack your gym clothes in advanced and leave it in your car or your locker.

Have someone go with you (optional)

If you can, have someone go with you. It’s a lot better if there’s more than yourself to motivate you to go to the gym. Set a goal together and help each other reach it.

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Hi, my name’s Jack Bonner. I was born and raised in Arizona. I’m in Arizona University taking up a degree in finance. Visit my blog to learn more.

A Guide to Forensic Accounting

A relatively unknown yet important sector of the financial industry is forensic accounting. This area uses financial knowledge in the application of law. Forensic accountants are relied on as key experts in criminal negligence cases, which can involve minor infractions such as tax fraud to global concerns like industrial espionage.

It is a highly specialized area of accounting that requires professionals to constantly be ready for pending or anticipated cases. It is typical for these experts to be called to court and explain – in a clear and simple way – the facts of the case. Accounting is a difficult topic to understand and lay people often find it challenging to keep up with all the jargon. As such, effective forensic accountants are those that are able to communicate their expertise in a concise manner. They should also have a basic, if not intermediate, knowledge of the law.

 

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Forensic accounting involves two areas. The first is support. Accountants assist the legal party in determining any financial damages and presenting them in legal disputes. The second involves investigation. Forensic accountants must thoroughly review the case and determine the extent of the alleged crime.

It must be noted that forensic accounting does not limit itself to criminal cases. This service can also be applied to any civil matter, including divorce. Disputing couples can hire a forensic accountant to assure no assets are being withheld in a marriage dissolution case.

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While a small sector, forensic accounting is a highly respected area of finance.

Jack Bonner has aspirations to be a forensic accountant after he completes his degree in Finance. Learn more about him by liking this Facebook page.