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Russia strikes leave historic Kyiv cathedral in flames dw.comRussia bombards Kyiv with drones and missiles, sets fire to historic cathedral ABC News - Breaking News, Latest News and VideosDeadly Russian strikes leave landmark Ukraine cathedral in flames CBS NewsDeadly Russian attacks fuel blaze at centu
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Swiss voters reject proposal to cap population at 10 million The GuardianSwiss vote against proposal to cap population at 10 million BBCSwiss reject population cap in referendum, avoiding EU clash and cheering business CNNVote looms in Switzerland after foes of migration put proposal to cap population at 10 million AP NewsShould Switzerland Cap Its Population at 10 Million? Voters Will Decide. The New York Times
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Is it true that many young professionals don't know how to save money?
I recently had dinner with an old college friend. I was expecting to catch up on friends, family and our careers, but it was clear he wanted some basic financial information.
Knowing I advise young professionals on their finances, he zeroed in on the following questions: "How much should I save, and how do I know if my savings plan is on track?"
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Many highly talented and bright young individuals - often earning six figures, receiving an annual bonus and holding stock options - often struggle with how to spend and save their money. My advice is to develop a process that focuses on three fundamental ideas that anyone can use.
Control Savings and Spending by Paying Yourself First
Putting together a budget and tracking spending are useful tools - but they can be tedious and hard to sustain. Instead of starting with expenses, I begin by allocating the desired amounts of money to various savings and investment accounts.
I set up automated contributions to my 401(k) retirement account, Roth Individual Retirement Account (IRA) and after-tax brokerage accounts. Once that money is set aside, I have total peace of mind knowing I can afford to spend what's left and still be on track to hit my financial goals.
If, like me, you make the majority of day-to-day purchases on your credit card, another easy way to spot-check spending is making sure you can pay your credit card bill in full each month without tapping your savings.
Don't get me wrong - developing a detailed budget is a valuable exercise when done periodically. And it's parti
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