Keeping a tab on financial health can be tricky at times. Erin Lowry, Author of "Broke Millennial", joined us at the New York Stock Exchange to share some tips for getting personal finances in order.
Only 12% of millennials feel prepared for their financial future. Lowry breaks down steps people can take to improve their financial health. She recommends using the app Turbo, which gives you a holistic approach to keeping track of your financials.
55% of people served by Turbo don’t feel credit score is a good indicator of financial standing. Lowry says it’s a piece of the puzzle, but it’s not the end-all-be-all. She adds that the debt-to-income ratio is a good metric to go alongside credit score. Lowry says Intuit’s Turbo app is a good option for staying on top of personal finances in a digital and mobile age.
It's expected that boomers and their parents' generation will pass down $84.4 trillion in assets through 2045, according to Forbes. Paul Karger, co-founder and managing partner of financial firm TwinFocus, joined Cheddar News to discuss wealth transfer between parents and their children and when it's a good time for a conversation between them.
Pets grow into beloved members of families and many do what they can to keep them happy and healthy. Marc Peralta, chief program officer of Best Friends Animal Society, joined Cheddar News to discuss finances and expenses when taking care of your furry family members.
