Living paycheck-to-paycheck can be very draining and inadvertently affect everyone in your household. Breaking free from this financial cycle can often feel impossible. But there are moves you can make to begin building your savings and eliminate the stress of the paycheck-to-paycheck lifestyle.
Much of today’s financial advice tends to center around buying a home. Yes, homeowners experience various fiscal benefits, such as building equity and potentially earning a return if they sell the property. However, not everyone is ready to become a homeowner – nor is it the best option for all.
Life in your twenties can be exciting and full of new opportunities. There are many milestones young members might cross off their lists during this period: graduating college, beginning their careers, getting married, and even starting families. While long-term financial goals might seem a lifetime away, the decisions you make today can significantly impact your future fiscal success.
A significant part of managing your finances well is your ability to plan for the future. While you can’t predict every curveball life will throw at you, being prepared, setting goals, and constantly working to better your financial position are crucial steps to your success.
The ability to buy a product or service now and pay for it over time is nothing new. It's the same concept that made credit cards one of today's most popular forms of payment. Yet everywhere you look lately, from grocery stores to online retailers, there is a “new” way to pay: Buy Now, Pay Later (BNPL).
The best way to achieve financial milestones is through a budget. But creating a budget and sticking to it are two entirely different things. While on paper, you may have the perfect plan to meet your monthly expenses and grow your savings, in reality, life happens.
While student loans are the most popular way to fund a college education, it’s important to remember that you’ll eventually have to repay what you borrow – plus interest. It’s better to have a plan to reduce any possible expenses while in college to limit the amount you do finance.
It’s no secret that a budget is one of the best ways to set yourself up for financial success. With a traditional budget, you can see how much money you have and know exactly where your money is going.
You can probably guess that an emergency fund is for financial emergencies just by the name. Everyone can agree that most financial challenges tend to pop up when they’re least expected. They can range from unexpected car repairs or medical expenses to a sudden job loss or a decrease in work hours.
In a roller-coaster-type fashion, consumer saving and spending have seen their ups and downs during the Covid-19 pandemic. First, when the pandemic started, not only did spending on travel come to a screeching halt, but entertainment rapidly declined, as did in-person shopping. In general, people were spending less of their money, preferring to hold onto their cash partly or fully due to the unknown.
