Financial stress is very real and it can lead to people making worse financial decision, which ultimately negatively impacts the economy. Mitch Roschelle, principal at Madison Ventures+, joined 'Stretching Your Dollar' to provide some tips on how people can manage stress when it comes to money. "If you step back and you can parse your requirements between need and wants, I think you can begin to manage stress a little bit better," he told Cheddar News.
It's a benefit to have a 401k plan with your employer but it can also be stressful to decide how to best allocate your contributions. Michele Schneider, partner and director of trading research and education with MarketGauge.com, joined Cheddar News to explain which markets are best to invest in, depending on your age demographic.
There is no specific formula or playbook for handling money with your spouse. Is it any different with a second marriage? Kelli Smith, director of financial planning with Edelman Financial Engines, joined Cheddar News to discuss what approach to take with finances with a new partner.
