“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. Illiteracy, both in words and numbers, is the foundation of financial struggle.” — Robert Kiyosaki It’s no secret Americans fall short when it comes to financial literacy. In fact, only 57% […]
With tax season quickly approaching, many Americans are yet again faced with the daunting task of filing their returns. Taxes are nearly always given a bad reputation. This is due to their confusing nature and the incredibly mysterious tax laws that the United States currently has. However, understanding the tax system of one’s country is […]
Unfortunately, the total amount of consumer debt in the United States is about 13.86 trillion. The average American has about $38,000 in personal debt. Debt not only ruins credit as it can also lead to negative emotional effects like low self-esteem and stress. Luckily, there are ways to take control of your debt. Debt Basics […]
In 2018 alone, over 2.5 billion user accounts were hacked. Information including personal details, emails, and bank accounts was compromised. With more people using the Internet every day, hacking and identity theft are becoming a growing danger. As a result, people must learn good security habits in order to ensure the safety of their financial […]
Recessions are inevitable; like the old saying, what goes up must come down. At the time of the writing of this article, the economy has gone ten years without a serious crash. In the next recession, as in all others, many will lose their jobs and financial security. Many will see their savings wiped away […]
Only 40% of Americans are able to cover an unexpected $1,000 expense. This means that most Americans are in fact living paycheck-to-paycheck. A small car accident or an unexpected health issue would render most helpless and in debt. However, in America, a land of excess and consumerism, many choose not to emphasize saving. It is […]
Money is often cited as one of the biggest sources of stress for Americans. One of the rising solutions to help fight the stresses of managing finances is with the help of mobile apps. From budgeting to debt payoff, there are all sorts of personal finance apps to help you stay on top of things. […]
How does one make a budget? The short answer is that it depends. Not everyone is going to spend and save the same percentage of their income each month. However, deciding upon a feasible plan to allocate your monthly spending is important, and something that everyone should be doing once they receive an income. Currently, […]
Life is very unpredictable. You could get in a car accident or contract a terminal illness. These things can all lead to massive debt if not handled correctly. This is where insurance comes in. Although paying for insurance may be bothersome, and researching various plans for different scenarios is difficult and often complicated, you’ll be […]
When you go to a bank to deposit your money, you will need to open both a checking and a savings account. Although they are both types of bank accounts, there are key differences in each that affect how you should use them. In this article, we will go over the basic differences between checking […]
