If you feel that you have been making less use of cash lately, you are not the only one. 2016 may finally be the year that cash loses its title as king, forfeiting that top position to credit and debit cards instead. Based on research recently conducted by Euromonitor International, a market research company, consumers around the globe are expected to spend nearly $23.1 trillion on goods and services through alternative means, eclipsing the $22.6 trillion forecast for cash transactions.
In 1882, in New York City, Peter McGuire and Matthew Maguire put together the first Labor Day parade with 10,000 workers protesting the unfair working conditions. This holiday now celebrates the American labor movement and everything that workers contribute toward the prosperity, well-being, and strength of the United States of America. Continue reading “The Numbers Behind the “Unofficial End of Summer””
Labor Day Weekend is just a few weeks away, which means there is still plenty of time to go on a last minute, wallet friendly summer vacation. With several planning resources available, you will see that time is not of the essence when it comes to vacation planning.
According to the National Retail Federation, families in America spent an average of $630.36 per child on back-to-school needs like electronics, clothing, and school supplies in 2015. That’s 42% more than families spent a decade ago! With costs increasing, follow these 4 easy tips to graduate this year’s back-to-school shopping season with an A+.
Summer is finally in full swing, which means America’s birthday is right around the corner. The Fourth of July marks the festive occasion when Americans can gather with their friends and family to celebrate America’s independence and enjoy summertime fun. This weekend, 64.5% of Americans will attend a social gathering such as a barbecue or picnic. Just remember to be safe this holiday and from all of us here at Condor Capital, have a happy Fourth of July! Additionally, check out the infographic from WalletHub below to learn more about the numbers pertaining to the upcoming festivities:
Your bulging wallet is doing more than just burning a hole in your pocket. It also acts as the key for any thief wishing to take over your identity. This is especially noteworthy, since some reports suggest that 1,000 wallets and purses are stolen every two minutes in the United States.
The idea definitely has its merits: Move abroad to a beautiful place and live for a fraction of what it would cost to retire in the United States, especially in light of increasing life expectancies and costs of living. Mexico, Costa Rica, Panama, Spain, and Thailand are all popular retirement destinations for Americans not only because of their temperate climates, but also for their marginal costs when compared to the United States.
MARTINSVILLE, N.J., June 20, 2016 (GLOBE NEWSWIRE) — When it comes to finance, numbers clearly matter. However, one of the most powerful within the realm of personal finance is a three digit indicator that shows just how worthy of a borrower an individual is – the notorious credit score. We have all heard about it, but what exactly is this and how is it comprised? According to Ken Schapiro of Condor Capital Management, it is a three-digit number that is generated from information collected by credit agencies and paints a picture of how healthy someone’s finances are. By taking a look at this score, lenders have an initial indication on whether or not to extend credit to you for such things as a mortgage or car loan. In addition, if you are approved for credit, your credit score will also be utilized to determine the interest rate that you are charged. Generally speaking, Schapiro says that a good credit score to target is 720 or higher, though all lenders will have different standards to determine what score is optimal for the extension of their services. With so many factors to consider, it is increasingly important to build a strong credit history and work to increase your credit score over time. However, in order to consider ways to increase a credit score, it’s important to know what goes into a credit score is.
With wedding season in full swing, how much consideration have couples really given to the rising costs associated with the big day? When the time comes to plan their wedding, many couples may be surprised, as a recent study completed by The Knot (a wedding planning website) found that for the fifth year in a row, the average price for a wedding increased by 4.6% to $32,641 in 2015. This national average is actually just a fraction of the average cost of weddings in the Northeast. New York City, on average, is the most expensive place to tie the knot; couples pay a whopping $82,299! Northern and Central New Jersey couples open up their wallets as well, with the average cost topping $55,000 on their wedding day.
Summer is under way, which means prettier weather and uglier energy bills. The winter and summer months feature the highest peaks for energy requirements, with the United States residential sector demand increasing by a whopping 67 billion kilowatt-hours, an increase of nearly 66% from fall and spring usage according to the U.S. Energy Information Administration. The heat is coming, but here are some of the best ways to help keep those bills down: