The financially carefree days of college students are quickly disappearing in the rearview mirror. Wide-reaching surveys indicate upwards of 70 percent of college students experience stress about money before graduation. It almost goes without saying that this newest generation may not be overly welcoming to “advice” from their parents or grandparents. After all, those are the people who suffered massive student loan debt, a subprime mortgage crisis, and the Great Recession.

Although many Americans are searching for ways to save more money, less than half of Americans use budgeting as a way to save. Making a personal budget not only helps people save but can also help them achieve financial stability. Knowing how much money is needed to cover expenses can help prevent overspending. It can also identify places to reduce spending, allowing for more savings to take place.

When focused on accumulating wealth, it’s not uncommon to lose track of the reason for our hard work. Growing bank accounts provide a feeling of increased financial stability. But accumulating these resources is not necessarily a goal in and of itself. Money remains vital but is only a tool used for achieving our goals. Turning those resources into a fulfilling future requires the professional skills of a trustworthy financial advisor.

“Where does it all go?” is a question asked by many working Americans who seem hard-pressed to save any money toward emergencies and retirement. However, the answer may be steaming in our hands each morning.

The coronavirus situation has created a number of new challenges for our society. Among other things, many people are now facing the reality of a reduced household cash flow. If you're accustomed to operating with a set budget for your monthly expenses, you've no doubt seen how it affects your efforts to make ends meet, but if you've never really put it down on paper, now may be the time to get started. While it might seem like a daunting task at first, once you have a budget in place you'll find how it makes everything easier, and maybe even wonder why you didn't do it sooner.

A recent Nationwide Retirement Institute survey finds nearly two in five retirees (37 percent) admit they did not consider how taxes would affect their retirement income when planning for retirement. As a result, they may have lost the opportunity to save an additional six years' worth of income in retirement.

Only 48 percent of Americans say they could handle a $1,000 emergency expense using cash or savings in their bank accounts, a survey from online loan marketplace LendingTree finds.