Compound interest can be good or bad. In a savings or investment account, compound interest can help your money grow over time. But if you have a loan or an unpaid balance on your credit card, compound interest can make it harder to pay off your debt b…
Category: Saving and Investing
What is the best way to increase your net worth? If your first thought was earning more money, this isn’t entirely true. In fact, there are many ways to pad your wallet and it’s important to understand your options so you can choose the best one(s). Wh…
Everyone wants the comfort of a secure future. But if you don’t plan for one, there’s a good chance an unexpected event can throw your finances into turmoil. For example, no one can forget the pandemic, which put uncertainty on steroids. As a result, s…
Everyone wants the comfort of a secure future. But if you don’t plan for one, there’s a good chance an unexpected event can throw your finances into turmoil. For example, no one can forget the pandemic, which put uncertainty on steroids. As a result, s…
Most people shy away from the word “diet” because it’s usually associated with feelings of deprivation and limitations. We all know how hard it can be to stick to one to lose weight or live healthier. A money diet, when done correctly, can …
In 2011, several large commercial banks began charging fees that many people considered excessive. Bank of America, for example, announced a $5 monthly debit card fee on September 29th of that year. Despite the bank’s fee cancellation on No…
According to Marriage.com, arguing about money is a key source of stress for couples today. And is it any surprise when many people find sharing their finances difficult? However, when one person scrimps and saves while the other spends like there’s no…
Raising kids after a divorce often means juggling new responsibilities—financial and otherwise. Even when money feels tight, setting aside a little at a time can ease the pressure and support your child’s future. Whether you’re saving for s…
Encouraging a teenager to start saving is easier said than done. At this stage in life, they are first discovering their identity and becoming more independent. Unfortunately, that does not always include their finances. Most teens want you to continue…
Encouraging a teenager to start saving is easier said than done. At this stage in life, they are first discovering their identity and becoming more independent. Unfortunately, that does not always include their finances. Most teens want you to continue…